If FHA has recently rejected your condominium community or if your association has not applied for certification because of provisions contained in your documents related to leasing, things may change shortly. In a recent email exchange with our office and Joanne B. Kuczma, the Housing Program Officer in FHA headquarters in Washington, DC, we were advised that FHA’s attorneys are currently reviewing a proposed waiver defining acceptable lease restriction language. Once they approve it, the FHA Commissioner will need to approve and issue it. This waiver should be forthcoming by the end of next week according to Ms. Kuczma.
As soon as we receive notice we will let you know and offer guidance if document amendments are necessary, and the status of pending applications. For more information on the FHA certification process click here.