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CAI Members Meet with FHA to Discuss Condominiums

On January 7’h, a delegation of CAl members met with policymakers at the Federal Housing Administration (FHA), presenting the agency with practical difficulties condominium associations face when qualifying for FHA’s condominium mortgage insurance program. CAl’s member delegation focused on three problem areas that are preventing homeowners in many condominium associations from using FHA programs:

  • Deed Restrictions on Investor-Owned Units & Owner Occupancy Requirements
  • Lease Term Restrictions and Room Occupancy Limits
  • Restrictions on Condominiums with Affordable Housing Units
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