As we recently blogged, there have been quite a few condominium communities whose FHA (re)certification applications got rejected because their governing documents allow leases of less than 30 days. We also blogged about a new option for condominium boards to provide HUD with written affirmations accompanying their applications representing there are no unitsGo to Resource
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The real question may actually be whether you want to be a servant leader or some other type of leader. In a thought provoking article on the topic, Chuck Miller, explores what type of leaders work best in community associations. I agree with Mr. Miller that there is likely no “right” answer as theGo to Resource
The Northern Colorado Business Report recently reported that small businesses in Larimer County are entitled to apply for economic injury disaster loans from the United States Small Business Administration. Larimer is one of several Colorado counties where businesses may qualify for loans due to severe drought conditions as declared by Agriculture Secretary Tom Vilsack.Go to Resource
One of the most prevalent reasons FHA (re)certifications get rejected these days is centered on short-term rentals. Pursuant to Section 513 of the National Housing Act, FHA mortgage insurance may not be issued for any housing that will be or may be used for transient or hotel purposes. This requirement has been theGo to Resource
As the struggle continues for condominium associations to become FHA certified or FHA re-certified, the FHA continues rejecting many condominium communities based on the leasing provisions in their governing documents. The latest bout of rejections has been based on the FHA finding that certain leasing provisions, although not a problem with respect toGo to Resource