CAI to Review New Federal Rules for Condos at Annual Conference

Mar 29, 2012

King of Prussia, PA.: Since late 2008, in response to the financial crisis and downturn in the housing market, extensive changes to the nation's mortgage system and requirements for condo project approvals have taken place and many of the changes seriously impact condominiums and the ability to secure a mortgage. CAI has lobbied the Federal Housing Authority, the Federal Housing Finance Agency, Congress and other Federal agencies in order to clarify proposed changes and protect the ability to secure financing for units in a condominium. CAI will review these efforts and educate condo owners and managers on critical changes at an educational session to be held during CAI’s Annual Conference & Expo on April 19, 2012 at Citizens Bank Park in Philadelphia. The conference is open to all condominium, cooperative and homeowner association managers, elected board members and those who live in these community associations and is free to attend.

The conference keynote speaker is nationally syndicated radio host and MSNBC contributor Michael Smerconish. In addition to the education sessions, attendees will have the opportunity to visit with over 100 exhibitors that provide products and services necessary to the maintenance and management of community associations and network with others who live in and work in community associations from Pennsylvania, Southern New Jersey and Delaware. Individuals can register to attend this free, day-long event by calling CAI at 877-608-9777; or, register online at www.cai-padelval.org.

Close to four hundred attendees are expected to attend the Annual Conference & Expo, including individuals who manage hundreds of community associations that tens of thousands of people call home in the tri-state region. Educational sessions at the conference will cover diverse topics including security and safety in multi-family housing, how communities can deal with abandoned units as a result of foreclosure, and resident conflict. CAI will also give out its most recent round of Gold Star awards, recognizing communities that meet basic industry standards and therefore are preferred places to call home.

CAI is a 31,000 member organization dedicated to building better communities. Working in partnership with 60 state and regional chapters—including the Pennsylvania & Delaware Valley Chapter—CAI provides information, education and resources to associations and the professionals who support them. Our mission is to inspire professionalism, effective leadership and responsible citizenship, ideals reflected in communities that are preferred places to call home. For more information, call 877-608-9777 or visit www.cai-padelval.org.

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