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.
CAI’s Government and Public Affairs Committee is considering policy reform recommendations that address building inspections, reserve studies, and reserve funding plans in the wake of the devastating collapse of Champlain Tower South condominium in Surfside, Fla., in late June.
Following last month’s devastating partial collapse of the Champlain Tower South condominium in Surfside, Fla., many community association managers, boards, and residents are eager to understand state laws and regulations ensuring the structural integrity of condominiums.
