Housing Opportunity Through Modernization Act

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FHA lowers owner-occupancy requirements for condos

Oct 26, 2016By

When President Obama signed the “Housing Opportunity Through Modernization Act of 2016” into law a few months ago, many celebrated because it changed the Federal Housing Administration’s rules for condominium financing, among other changes. Wednesday, the FHA delivered, lowering its owner-occupancy requirements on certain condo developments.

3d rendering of a row of luxury townhouses along a street

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