Tag Archives: affordable

MA: Reserve Channel condos may get $150K for repairs

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

The Boston Redevelopment Authority and the developers of the Reserve Channel Condominiums may give as much as $150,000 to shore up the development’s maintenance fund, helping to pay for badly needed repairs for the five-year-old affordable housing condos.
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FHA Regulation Update

Community Association Institute Members Meet with FHA to Discuss Condominiums On January 7th 2011, a delegation of CAI 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. CAI’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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