House Unanimously Passes Condo Bill

The House of Representatives passed, “Housing Opportunities through Modernization Act” with a unanimous vote of 427-0.  This legislation includes three major provisions that NAR supports. 1. The legislation solves a number of concerns regarding FHA’s condo rules by reducing owner occupancy ratio to percent, directing FHA to streamline condo certification process, providing more flexibility forContinue reading “House Unanimously Passes Condo Bill”