New communities: Condominiums, homeowners associations to see continued growth in 2024

New communities: Condominiums, homeowners associations to see continued growth in 2024

Since the 1970s, community associations have been a popular housing choice for people around the world—and the number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research, an affiliate organization of Community Associations Institute (CAI). 

Let it snow: Texas community creates winter wonderland

Let it snow: Texas community creates winter wonderland

While nestled in the heart of Spring, Texas, where snowfall is a rare sight, the Windrose Community Association has found a creative way to bring the joy of winter to its residents. Each year, usually during the holiday season, Windrose transforms a designated area into a Texas winter wonderland by creating a snowy hill that children can enjoy. This heartwarming tradition not only brings joy to the children, but also strengthens the sense of community within Windrose.

Lending transparency: Freddie Mac improves access to information

Lending transparency: Freddie Mac improves access to information

Freddie Mac took a giant step toward transparency last week when it announced sweeping changes to its condominium and housing cooperative financing system. The government-sponsored enterprise that underwrites mortgages is introducing a tool that indicates whether a community is “certified” for financing or “not eligible”—and providing guidance that explains why a community may not be eligible.

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