Category: National Legislation

FHA Temporary Condo Project Approval Guidelines Get another Extension

Written by: on Saturday, August, 27th, 2016

On September 13, 2012, the U.S. Department of Housing and Urban Development issued Mortgagee Letter: 2012-18, which put in place temporary condominium project approval guidelines that modified the existing FHA condominium approval policy requirements.  The changes included, but are not limited to: a revised definition of proposed construction; a revised definition of newly converted condominiums; [Read More...]

FHA Condominium Approvals are Officially Modernized!

Written by: on Tuesday, August, 2nd, 2016

By now, it is no secret that the FHA certification and recertification processes are not overly friendly and considered by most to be overwhelming, burdensome, complicated, and confusing.  There are other “colorful” adjectives that have been used in the industry to describe these processes that will not be repeated in this blog.  Nevertheless, the public [Read More...]

Senate Passes FHA Reforms Regarding Condominiums

Written by: on Wednesday, July, 20th, 2016

Contrary to its past position on FHA lending guidelines for condominiums, last Friday (July 15, 2016) the Senate passed the Housing Opportunity Through Modernization Act (HR 3700) , and it is now sitting on President Obama’s desk for signature. The Housing Opportunity through Modernization Act has three major components including amendments to (i) the Section [Read More...]

Department of Justice Releases FAQs on Service Animals

Written by: on Tuesday, July, 21st, 2015

Earlier this month, the Department of Justice released an 8 page guide to Frequently Asked Questions about Service Animals and the ADA.  The guide was drafted to respond to the continuing questions received by the Department of Justice about how the Americans with Disabilities Act (ADA) applies to service animals. While generally speaking, the ADA [Read More...]

Temporary FHA Guidelines—It’s Not Over Yet!

Written by: on Tuesday, September, 2nd, 2014

On August 13, 2014, we blogged to warn condominium communities that temporary FHA condominium approval guidelines were about to expire on August 31st.   However, FHA has just announced an extension of the temporary guidelines, which will now remain in effect until August 31, 2016. As a reminder, the current temporary guidelines define delinquencies as those [Read More...]