FHA condominium program reform

FHA Condominium Program Reform

Currently, only 6% of U.S. condominium projects are approved by the FHA, and 93% of condominium homeowners have no access to FHA-insured mortgages. A critical component of the Federal Housing Administration’s (FHA) mission is serving first-time homebuyers and minority borrowers. Recently, at CAI’s 2018 Advocacy Summit in Washington, D.C., more than 100 advocates met with …

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