Boston Real Estate for Sale
According to a recent news article, condo developers will be seeing  much tighter lending standards for FHA loans:
To get FHA approval, condo projects must have at least a 50 percent owner occupancy rate and no more than a 15 percent delinquency rate on condo fees.
The regulations also prohibit developers from renting out any units in new condominium developments, putting pressure on developers to move units more quickly.
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