The collapse of Champlain Towers South in Florida wasn’t just a tragic event, it was a wake-up call for community association and maintenance plans and programs. Since then, insurers have gotten stricter, lenders more cautious, and lawmakers busier than ever. With a little discipline and a plan, you can lead your community safely to the summit. Get started with a six-step preventive maintenance plan.
This year, Ungated published 50 posts on trends and topics important to community associations. Revisit the top five most read posts and look for more content relevant to community association leaders and residents in the new year.
This year, the Ungated blog published 50 posts—a fitting number for celebrating CAI’s 50th anniversary. Revisit the top five most read posts in 2023, and look for more content relevant to community association leaders and residents in the new year.
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.
In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives. It is critically important for condominium and housing cooperative projects to have access to loans that will meet Fannie Mae and Freddie Mac qualifications. CAI continues to provide specific feedback regarding the requirements.
