In a rare, unanimous, and bipartisan vote of 427-0, the U.S. House of Representatives approved the Housing Opportunity through Modernization Act ("the Act"). On July 29, 2016, President Obama signed it into law. The Act requires the Federal Housing Administration (FHA) to ease up on burdensome restrictions on condominium associations, in hopes of increasing the number of communities eligible to sell to homebuyers who qualify for FHA-insured financing.
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Nagle & Zaller, P.C.
7226 Lee DeForest Dr.
Suite 102
Columbia,
MD
21046
Phone:
443-535-6940
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