Condominium Lending Guidelines

Summary

The resolution asks the Federal Housing Finance Agency to tell Fannie Mae and Freddie Mac to eliminate the extra 25% down‑payment requirement that applies only to Florida condominium purchases under a lender‑limited review. It seeks to give Florida homebuyers the same loan‑to‑value options as buyers in other states, arguing that the current rule limits affordable homeownership. The measure did not advance and died without being introduced.

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