More evidence that affordable condo associations are struggling

By Deborah Goonan, Independent American Communities The other day I posted a blog entitled Fox Hollow (Memphis) and Tymber Skan condos – affordable housing failures, and shared it across several social media platforms. In one particular discussion forum, I have been challenged on my analysis of the insurmountable challenges faced by many affordable condominium communities. Today I share with readers the typical Affordable Housing – Condominium industry talking points, and my responses. If you can think Continue ReadingMore evidence that affordable condo associations are struggling

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FHA publishes new rules following HOTMA

By Deborah Goonan, Independent American Communities Very interesting development! Not long ago, I wrote about Housing Opportunity Through Modernization Act (HOTMA), and what the policy might mean for the condominium industry and consumers alike. If you missed it, you can read about HOTMA here: New federal bill HOTMA H.R. 3700: Housing Opportunity Through Modernization Act and here: Easing FHA condo certifications and the Collapsing Housing Market Well, it appears that the U.S. Department of Housing Continue ReadingFHA publishes new rules following HOTMA

Homeowners’, Condo, Co-op Association Policy News Sept 2016

Deborah Goonan, Independent American Communities Fair Housing HUD REACHES AGREEMENT WITH FLORIDA CONDO ASSOCIATION IN DISABILITY DISCRIMINATION CASE WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today an agreement with Delvista Towers Condominium Association, Inc., of Aventura, Florida, and its property management company, resolving allegations of housing discrimination against residents with disabilities. HUD claimed the condo association and its property managers denied the reasonable accommodation requests of residents with disabilities who Continue ReadingHomeowners’, Condo, Co-op Association Policy News Sept 2016

Easing FHA condo certifications and the Collapsing Housing Market

By Deborah Goonan, Independent American Communities   Experts are beginning to debate whether or not the US housing market is creating another bubble about to burst. Some say that strict Dodd Frank regulations enacted after the 2008 real estate fiasco have prevented the creation of bad loans made to unqualified buyers, and therefore we won’t see another 2008-style real estate market crash. The problem is that the housing market recovery has been uneven. At the Continue ReadingEasing FHA condo certifications and the Collapsing Housing Market