Happy homeowners need to speak up about their community association experiences, particularly when legislative updates are being considered. We have a voice that matters in the process. Learn how to use it.
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.
Maintenance-free, safety, and cleanliness are top features that make community associations a popular choice and lifestyle for millions of Americans, according to results from the 2022 Homeowner Satisfaction Survey. The overwhelming majority (89%) of homeowners and condominium association residents rate their overall experience of living in a community association as “very good” or “good” (67%), or neutral (22%).
The tragedy in Surfside, Fla., evoked many emotions for us all. The impact of this disaster will be far-reaching, changing many aspects of the communities we serve as volunteers, managers, and business partners. With much work still to be done, here is how CAI has provided support so far.
Homeowners facing financial hardship due to the COVID-19 pandemic can benefit from an extension to the federal foreclosure moratorium and new rules limiting collections of delinquent mortgage payments.
