Aging condominium buildings and infrastructure has been a growing concern over the past year, following the tragic partial building collapse at Champlain Towers South Condominium Association in Surfside, Fla., in June 2021. Learn more about condo safety legislation, laws, and regulations, and how CAI is advocating for sensible public policy.
Not a day has gone by at CAI that we haven’t been thinking about the Champlain Towers South collapse and how we can prevent another like it. We have an opportunity to turn tragedy into change for people who live, work, and volunteer in community associations.
A nice lawn requires time, money, and plenty of water—not to mention pesticides, herbicides, and chemical fertilizers. During a historic drought, many community associations are pulling up grass and installing more sustainable landscaping.
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.
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.
