The baby boomer generation comprises an estimated 74.1 million Americans born between 1946 and 1964. Learn how a little compassion, ingenuity, and knowledge, can help older adults in your community age in place—comfortably and securely for as long as possible.
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.
Fannie Mae and Freddie Mac are compiling troubling blacklists that prohibit mortgage financing for entire condominium or housing cooperative buildings. As the blacklists grow, community managers and board members have no knowledge their buildings are on them. When people are unable to buy and sell units in these buildings, property values may be affected.
Every community association requires a set of governing documents to provide its legal framework and operation. CAI has a new resource to help attorneys, board members, and community managers when drafting or amending provisions that govern a community.
