Fannie Mae and Freddie Mac issued new requirements to secure loans in condo buildings. The guidance relates to structural integrity and financial stability and is in response to the condominium collapse in Surfside, Fla., in late June.
In the months following the condominium collapse in Surfside, Fla., CAI convened community association leaders, experts, and key stakeholders to identify public policy recommendations for reserve studies and funding, building maintenance, and structural integrity.
Following the Surfside condo collapse this summer, Fannie Mae recently released new building project requirements for its loans. CAI breaks down the key requirements of the guidelines effective Jan. 1.
CAI’s Government and Public Affairs Committee is considering policy reform recommendations that address building inspections, reserve studies, and reserve funding plans in the wake of the devastating collapse of Champlain Tower South condominium in Surfside, Fla., in late June.
CAI is dedicated to building its advocacy capacity at the state and federal level. We need dedicated advocates to engage with elected officials and provide financial support to lobbying efforts. Here are steps you can take today to support our grassroots advocacy efforts.
Assistance animals play an important role in the lives of people with disabilities and mental health issues. Knowing what constitutes an assistance animal and laws and regulations that apply to their ownership can help community associations balance individual rights with rules specific to these animals.