As we previously blogged in August, the Housing Opportunity Through Modernization Act of 2016 (HOTMA) was signed into law on July 29, 2016, which, among other things, required the Secretary of HUD to provide further guidance and clarity regarding the percentage of owner occupied units required to obtain project approval for condominium communities. In responseGo to Article

John Burns Real Estate Consulting, LLC, released its Top 50 master planned communities list for 2015 and two Altitude Community Law clients are included!  Congratulations to Master Community Association (Stapleton) for coming in at #4 and Green Valley Ranch who is placed #43. The list was based on new home sales within the communities inGo to Article

On September 27, 2016, the Federal Fair Housing Administration released proposed updates to its condominium mortgage insurance program.  The proposed changes are open for public comment for a period of 60 days.  CAI National will be doing a grass roots outreach to synthesize industry comments and you can read more here about the specifics ofGo to Article

DORA has issued a Director Position statement to clarify the supervision requirements of a licensed manager who has direct supervision over an apprentice license.  An apprentice is NOT a community association manager and is prohibited from performing acts that require a community association manager license except, when under the direct supervision of a licensed CAM. Go to Article