H.R. 4465 · 118th Congress
Making Condos Safer and Affordable Act of 2023
- Stage
- In committee
- Sponsor
- Debbie Wasserman Schultz
- Introduced
- 2023-07-03
- Latest action
- 2023-07-03 · Introduced in House
Summary
Making Condos Safer and Affordable Act of 2023
This bill allows the Federal Housing Administration (FHA) to insure a mortgage taken out by a condominium association for the purpose of repairs, improvements, or alterations to any common system, infrastructure, or facility of the condominium.
The bill also allows the FHA to insure a mortgage taken out by a condominium unit owner to pay for special assessments charged by the association for repairs, improvements, or alterations to any common system, infrastructure, or facility of the condominium.