The Community Home Lenders of America (CHLA) and the Community Associations Institute (CAI) urged the Trump administration on Wednesday to let the Federal Housing Administration (FHA) insure loans for condominiums in projects already approved by Fannie Mae or Freddie Mac but not yet cleared by FHA.

The request comes as the administration is reportedly deciding whether to take action by declaring a national housing emergency to address affordability challenges.

CHLA is the only national group representing independent mortgage banks, which originate 84% of all mortgages. CAI, meanwhile, represents the 7 million Americans living in condominiums, co-ops and homeowners associations.

“CHLA details ⇒

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