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https://www.spokesman.com/stories/2019/apr/28/the-condominium-conundrum-washington-state-law-eff/

Sun., April 28, 2019

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By David Sutta February 8, 2019 at 11:00 pm

 

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After the years-long amenity arms race in the luxury apartment market, there’s increasing pressure on condominium developers. Potential buyers — including current renters — have grown more discerning, so developers need to plan the right mix of amenities to meet or even exceed their expectations.

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The Federal Housing Administration (FHA) has announced it will extend its temporary condominium project approval policy provisions without changes until Aug. 31, 2017.

The FHA decision ensures easing of condo owner occupancy requirements and a much broader definition of what is classified as "owner occupied" occupancy status as it effects occupancy percentages within a development.
 

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