Condominium Homeowner Association News
Winter 2012 - Imagineers Picks:
CAI Presses FHA on Mortgage Financing
CAI News Bulletin (December 2011) (click here) CAI continues to work with the Federal Housing Administration (FHA) on critical issues that are restricting the ability of would-be homebuyers to secure financing for the purchase of condominiums. FHA financing policies have created mounting confusion and frustration for buyers, sellers, condominium associations and real estate professionals.
2011 CAI Leglislative Yearbook Available Online
CAI News Bulletin(December, 2011) (click here) The 2011 CAI Federal and State Leglislative Yearbook is now available on the Heads-Up section of the CAI website. This important document details the Leglislative Action Committee (LAC) advocacy activities as well as recent CAI efforts to inform federal leglislation that impacts common-interest communities.
More Over 55 Communities Evict Kids as Families Double Up In Downturn.
Huffington Post - HuffPost 50 (January 6, 2012) (click here) As the economic downturn bears down on families, an increasing number of grandparents are stepping in to raise their grandchildren, and it's presenting a host of complicated issues, both legal and ethical, particularly when it comes to 55 and over communities.
Graying Town Builds a Life Beyond Bingo
New York Times (December 5, 2011) (click here) "When Heritage Village (Southbury) first came in, it was us versus them," said First Selectman Bill Davis, speaking about the sprawling 55-and-over complex of 1,000 acres and about 4,000 residents, which opened in 1967. "But now, almost anything we do we take them into account. That's who we are. We're an elderly-based community."
The Lights Are Finally On
NBC Connecticut (November 20, 2011) (click here) Eighteen residents in Dixie Mastrandea's condominium complex were some of the last homeowners to get power after being in the dark for 12 days.
Condominium List and Education Program
OLR Research Report (December 2, 2011) (click here) 2011-R-0434. Response from State of CT of Office of Legislative Research (OLR) about whether the State's Office or the Department of Consumer Protection (DCP) maintain a list of all condominium associations in the state. You also asked if any states have laws or programs to educate condominium owners or board members about the law and their rights.
Proxy Voting In Condominium Associations
OLR Research Report (November 28, 2011) (click here) 2011-R-0417. Response from State of CT of Office of Legislative Research (OLR) about proxy voting in condominium associations, including a summary of Connecticut law and whether other states allow or prohibit proxy voting.
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