Making Condos Safer and Affordable Act of 2023 2023-07-03 Introduced in House 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.

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