Cohousing-L Mailing List: FHA [was A question about resold units

[Sharon Villines (sharon]

On Nov 20, 2012, at 8:20 PM, Ann Zabaldo <zabaldo [at] earthlink.net> wrote:

> Hi!  thanks, Patti for writing to me.  I was confused because in your email 
> posted to the list you said the FAIR HOUSING COMMISSION wouldn't certify you. 
>   It's actually the Federal Housing Administration or FHA.  It's difficult to 
> be certified by this institution.  We're trying to get certified now.  Been 
> months!!

A report to our board meeting a couple of months ago was that the FHA is now 
going to relax the rules they put in last April, at least in part apparently 
because they are now totally backlogged and nothing is moving.

It is also a recovery issue that lenders, FHA, etc, have tightened their regs 
so tight that no one can borrow all the money the banks were given. Thus no 
money moving, thus no recovery.

I have no timeline on that. Our treasurer works for a think tank in DC on the 
ecnomy. It did the analysis on Ryan's budget proposal. And were astonished at 
the lack of logic.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org