HUD Roundtable - What Questions Would You Ask?
I am thrilled to have been invited to the March 2014 roundtable session conducted by HUD in Washington D.C. The purpose of the roundtable is to speak with leading condominium project consultants and obtain feedback from the industry regarding the issues that we face in obtaining FHA Condo Approvals.
HUD will also be speaking to us regarding proposed changes to the guidelines and processing of FHA Condo Approvals and asking our opinions about how we think this will affect the industry.
HUD holds roundtable sessions periodically to gather information from those of us who are in field working with condominium projects on a daily basis.
While many are of the opinion that HUD is trying to make it more difficult for condominium projects to get approved, it is, in reality, trying to balance being consumer-friendly with the inherent risks involved in lending in condominium projects. It understands well its role in the housing market and in the condominium market, more specifically.
In the comments section, below, please ask any questions that you have about condominium project approvals. In addition, if you have any issues that you have encountered with FHA Condo Approvals that you would like for me to bring to HUD’s attention, please also type these in the comments section below.
Thank you!
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