CAI-NJ Oct. 2019(w)

NATIONAL TRENDS... from page 92.

will be eligible for FHA approval based on the project’s financial and operational stability. FHA pre- viously required at least 50% of units in a condominium to be own- er-occupied. • FHA concentration rate increased: FHA will now insure up to 75% of condominium unit mortgages in a condominium project. • Future policy changes opened to public comment: FHA will provide a 30-day public comment period prior to implementing future chang- es to the condominium approval process. n

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