For several years I’ve been involved in a push to get the Federal Housing Administration (FHA) to update the Agency’s condominium rules. This has been a long-term effort fraught with fits and starts, built on a foundation of bureaucratic inertia. This has always been an access to credit issue for me. Unless a condo buildingRead More…

The New Orleans Times Picayune reports that debris removal in several parishes following the Great Flood of 2016 in Louisiana began today. As tens of thousands of homeowners and businesses gut their properties, removing flood debris is a major step in community recovery. An often overlooked obstacle to recovery can be FEMA refusal to reimburseRead More…

HUD Secretary Julian Castro’s February 11 Financial Services Committee debut was painful. Questions of issue command raised by the Secretary’s Daily Show appearance were clearly answered within 20 minutes of the committee being called to order. Committee Republicans made their points quickly and effectively: FHA is far below its statutory capital requirement, in violation of theRead More…