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.
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.
Although it will likely take months or even years to determine the causes behind the Surfside, Fla., condo collapse, local and state governments are examining building codes, standards and practices, and other appropriate actions to improve structural safety.
