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Features Buyers Seek in Condos: New HUD Rule Makes Condominium Purchasing Easier

In August, the U.S. Department of Housing and Urban Development (HUD) released the long-awaited final rule on project approval for single-family condominiums insured by the Federal Housing Administration (FHA). The new condominium policy will “reduce regulatory barriers that currently restrict affordable homeownership opportunities,” according to HUD’s website. The new rule: Introduces a new single-unit approval…