Owners at the Galleon, an oceanfront condominium on Fort Lauderdale's Galt Ocean Mile, say a repair project that began at $1.6 million has escalated into a $36 million overhaul. Some unit owners have reportedly been hit with assessments ranging from $135,000 to $320,000 each.
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Q. What is the Hawaii Hurricane Relief Fund (HHRF) and how has reactivating it helped condo associations? Q. Why did the Legislature insert a Condo Loan Program into the Stabilization of Property Insurance bill during the 2025 Legislature? Q. Why is it important to…
The new changes mean smaller condo projects may benefit from streamlined reviews and improved access to financing, while larger projects will face higher reserve and documentation expectations. The changes bring greater insurance flexibility which may reduce premium pressure on master…
Fannie Mae issued updates for all Single-Family sellers and servicers, revising project standards and property insurance rules for one- to four-unit properties and project developments. The changes follow industry feedback, track with Freddie Mac policy, and were coordinated with the…
Condos Must Hold Bigger Reserve Funds Under New Lending Guidelines Habitat Magazine Condos Must Hold Bigger Reserve Funds Under New Lending Guidelines Emily Myers in Bricks & Bucks New Fannie Mae and Freddie Mac rules will require condos to boost reserves…
The analysis, The ‘Hidden’ Costs Causing Monthly Housing Payments To Rise, examined nearly 450 U.S. metros using recent home values, property tax data and homeowners insurance premiums to calculate the average monthly payment on a 30-year fixed-rate mortgage at a…
COLUMBIA, Mo., March 4, 2026 'Hidden' housing costs rival the mortgage itself in some U.S. metros The analysis, The 'Hidden' Costs Causing Monthly Housing Payments To Rise, examined nearly 450 U.S. metros using recent home values, property tax data and homeowners insurance premiums to calculate…
It is a common question and one that makes perfect sense. If the landlord is insured, surely that coverage extends to the tenant and everything inside the unit if the worst happens. A tenant has a roof over their head,…
Condo and HOA insurance: claims, rules, pricing and coverage news for the trade.
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