News & Analysis as of

Department of Housing and Urban Development Condominiums

Seyfarth Shaw LLP

“Polly Want A Windfall?”: U.S. Department of Justice Slams NYC Co-Op for Denying Three Emotional Support Parrots, Imposing...

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Co-op and condo boards have a legal obligation to provide reasonable accommodations to residents with disabilities. Residents often request permission to live with their so-called emotional support or therapy animals (“ESAs”)...more

Hinshaw & Culbertson LLP

HUD Issues Three New Mortgagee Letters for HECM Program Guidance

Loan originators and servicers should take note of the fact that the Home Equity Convertible Mortgage (HECM) program has attracted considerable attention from federal agencies and Congress in recent months. In August and...more

Bradley Arant Boult Cummings LLP

FHA Rule Reduces Barriers to Reverse Mortgages for Condominium Owners

After a nearly three-year delay, the U.S. Department of Housing and Urban Development (HUD) has finally released an update to its FHA condominium rules. The new rules, which take effect October 15, 2019, allow for FHA...more

Ballard Spahr LLP

HUD Publishes HOTMA Initial Implementation Notice

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HUD has issued a Federal Register Notice offering initial implementation guidance for the Housing Opportunities through Modernization Act of 2016 (HOTMA) (Pub. L. 114-201). The notice highlighted both the HOTMA provisions...more

Ballard Spahr LLP

New Law Affects FHA Requirements for Condominium Financing

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President Obama signed the Housing Opportunity Through Modernization Act (H.R. 3700) into law on July 29. Title III of the Act will significantly modify Federal Housing Administration (FHA) condominium mortgage insurance...more

Ballard Spahr LLP

Courts, States Continue to Wrestle with Homeowners Association Assessment Liens

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The circumstances under which a condominium or homeowners association (HOA) lien for unpaid assessments may wipe out a lender’s mortgage lien continues to evolve across the country. As noted in our previous alerts regarding...more

Ballard Spahr LLP

Bill Would Exempt Condominiums from Certain ILSFDA Requirements

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On September 26, 2013, the U.S. House of Representatives passed H.R. 2600, which would exempt the sale and lease of condominium units from certain requirements of the Interstate Land Sales Full Disclosure Act (ILSFDA). The...more

Stoel Rives LLP

Condominium Law Alert: HUD and DOJ Expand Fair Housing Act Accessibility Requirements

Stoel Rives LLP on

The U.S. Department of Housing and Urban Development ("HUD") and the Department of Justice ("DOJ") recently released a joint statement providing guidance on the disability and accessibility requirements of the Fair Housing...more

Ballard Spahr LLP

CFPB files amicus brief in Second Circuit ILSA case

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On March 12, 2013, the CFPB filed a new amicus brief supporting the consumer/appellee’s position that the Interstate Land Sales Full Disclosure Act (ILSA) applies to condominium units, even where the unit does not also...more

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