Gov't Affairs, Govt - Nation, Govt - State of Colorado

Nation: NAR Proposes Changes to Condo Certification Requirements

On November 28, 2016, NAR submitted a comment letter to the Federal Housing Administration (FHA) regarding proposed changes to FHA Condominium certification requirements. Many of the proposed changes align with areas REALTORS® have expressed a need for more lenience and reflects NAR advocacy on these matters. The NAR letter specifically asks FHA to: Remove the… Continue reading Nation: NAR Proposes Changes to Condo Certification Requirements

Gov't Affairs, Govt - Nation

Nation: HUD Extends Temporary Guidance on Condos

On August 24 HUD extended its existing temporary guidance on condos, without the changes brought about in HR 3700 (Housing Opportunity Through Modernization Act). HUD continues to work on the regulatory guidance to implement the new law, but the existing guidance was set to expire. In notice 2016-13, HUD extends the existing guidance until the… Continue reading Nation: HUD Extends Temporary Guidance on Condos

Gov't Affairs, Govt - Nation, Govt - National Assoc. of Realtors® (NAR)

Nation: Senate Passes Important Housing Bill

On July 14 the US Senate passed HR 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent.  The legislation is expected to be signed by President Obama. The bill was the subject of a recent Call for Action by NAR. Passage of HR 3700 will ease FHA condo rules, make transfer fee rules consistent… Continue reading Nation: Senate Passes Important Housing Bill

Gov't Affairs, Govt - Nation

Nation: Call for Action Ongoing

The Call for Action on HR 3700 will be active until July 15. CAR's goal is 20 percent participation per association. As of today, here are the results for our associations: BARA - 5.12 percent FCBR - 18.15 percent GARA - 19.86 percent LAR -  15.46 percent LBAR - 24.04 percent Encourage your REALTOR friends… Continue reading Nation: Call for Action Ongoing