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Home » Store » Government-Insured Lending » HUD Ponders Changes to Ease Tough Condo Rules

HUD Ponders Changes to Ease Tough Condo Rules

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The Department of Housing and Urban Development is evaluating potential changes to its tough condominium requirements, some of which could be announced soon. A department spokesperson declined to comment on specific requirements that may be included in new guidelines but said the agency is working to respond to industry concerns. Industry observers say the rules, which HUD put in place in 2009, have left many condominium units ineligible for FHA-insured financing. Condominium association boards have been ...
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