Tag Archives: waiver

FHA Leasing Waiver Announced!

FHA Issues Waiver on Leasing Restrictions 

Leasing restrictions have been one area of the FHA condominium guidelines that has caused problems for associations seeking to get FHA approvals. CAI has brought this issue to FHA’s attention and has petitioned FHA to review these criteria. On March 18, 2011, FHA issued a waiver that will provide greater flexibility on leasing restrictions under the FHA condominium insurance program. This means that many condominium associations whose FHA approval was rejected due to rental restrictions may now qualify under the FHA waiver.

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FHA Issues Waiver on Leasing Restrictions

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

Leasing restrictions have been one area of the FHA condominium guidelines that has caused problems for associations seeking to get FHA approvals. CAI has brought this issue to FHA’s attention and has petitioned FHA to review these criteria. On March 18, 2011, FHA issued a waiver that will provide greater flexibility on leasing restrictions under the FHA condominium insurance program. This means that many condominium associations whose FHA approval was rejected due to rental restrictions may now qualify under the FHA waiver
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Do-It-Yourself? When Free HOA Help Can Be Costly

Pick your cliche: The cheap comes out expensive. You get what you pay for. If something sounds too good to be true, it is.

Any one of those could apply to the idea of allowing members to volunteer to perform association work, which sounds like a great idea for cash-strapped associations but has hidden dangers. Here’s what you need to know to protect your association from the downside of allowing members to take on community projects so that the association can save a buck.

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