Federal Housing Administration Issues New Condominium Approval Regulations
Due to the relatively high prices of condominiums in the Washington DC, Virginia, and Maryland areas, FHA financing has always played a big part in the condominium market. Interesting fact, the mortgage limits for FHA jumbo loans in the DC metro area and other jurisdictions in VA and MD can be as high as $726,525 for fiscal year 2019. However, the FHA condominium approval process and the regulations that guide it are constantly changing.
Enforcement of architectural standards.
2019 Legislative Updates
LET ME IN! - The Trials and Tribulations of Condominium Unit Enforcement Cases
By Susan Richards Salen October 612016 Montgomery County, Maryland has enacted an Earned Sick and Safe Leave Law ("Law") effective October 1, 2016. Most employers in the County will have to provide most of their employees with up to 56 hours of paid sick and safe leave. The leave is accrued at the rate of one hour of paid leave for every 30 hours worked capped at not more than 56 hours of leave a year. Small employers (defined as employers with less than 5 employees) have to provide only 32 hours of paid leave and 24 hours of unpaid leave.