Powered by Google

Search form


NAR supports developing policies that will give current homeowners and potential buyers of condos access to more flexible and affordable financing opportunities and a wider choice of approved condo developments.

  • This chart, updated on July 7, 2015, compares key condo rules from Fannie Mae, Freddie Mac, and the FHA. It explores topics like: Owner occupancy requirements, limits on commercial space in condos, investor ownership limits, and condo hotel rules.

  • NAR 2016 First Vice President, Elizabeth Mendenhall, represented NAR at a roundtable discussion in Missouri.

  • The Condominium Resource Book demonstrates the need for changes in FHA’s condo policy. The book contains data on the number of FHA condos that are certified (less than 20%), examples of the affordability of condos vs single family homes, and changes we are requesting in the FHA condominium rules.

  • On December 9, 2014, the U.S. Senate Banking Subcommittee on Housing, Transportation, and Community Development held a hearing entitled, “Inequality, Opportunity, and the Housing Market.”

  • On Sept. 26th, 2014, the President signed into law H.R 2600, a bill to amend the Interstate Land Sales Full Disclosure Act (ILSA) to clarify how the Act applies to condominiums.

  • Good news for REALTORS®, lenders and condominium unit owners who’ve been frustrated by FHA’s prohibition of “spot loans” in developments that haven’t obtained certification: The agency is now seriously exploring how to relax its ban and bring them back.

  • The condo market is on an upswing, but sales are still more than 30 percent short of their peak.

  • The Federal Housing Administration (FHA) has temporarily waived the blanket hazard, flood, liability and other insurance requirements in Mortgagee Letter 2011-22 for Manufactured Housing, Detached and Common Interest Housing Projects.

  • While the Federal Housing Administration has loosened its condominium approval requirements in recent years, many properties continue to struggle to meet overly stringent criteria and the majority of properties are being denied.

  • A slowdown in apartment development is sparking fears that the recovery in the apartment market is approaching its end, according to a recent survey.