Tag Archives: proposed

Because I Said So, That’s Why!

For those of you who have served, or currently serve on a board of directors or an architectural review committee, have you ever felt like the evil parent telling your child “no”? No matter how you put it, the child continues to argue that he/she should be able to carry out the “forbidden” activity, until everything comes to a head and the child is sent off to his/her room.

Unfortunately, when it comes to the architectural review process for associations, resolution of a dispute is not as easy as putting your foot down and sending an owner to his/her room. To the contrary, the architectural process is closely scrutinized by courts and owners in the communities.  Therefore, before denying (or approving) a request, it is imperative that the architectural review committee dot its i’s and cross its t’s.

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Transfer Fees Victory

The Federal Housing Finance Agency in March issued its long awaited final rule on transfer fees, and it’s a big win for community associations. 

FHFA initially proposed a regulation that would have banned federally backed mortgages for property in a community association with a deed-based transfer fee.  As originally drafted, the proposed rule would have cut off nearly all mortgage funding for the 11 million housing units, roughly half of all community association housing, that have existing deed-based transfer fees.  Over the past two years, CAI members worked diligently to gather data on transfer fees, submitted comments to FHFA and brought the issue to the attention of key lawmakers.

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NC: Asheville condo flop hits buyers in wallet

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

But Zona Lofts turned out to be a strikeout. Construction stopped after some excavation work was done and the proposed site at 150 Coxe Ave. is just a muddy hole in the ground today.
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