Across the country, condominium associations are facing a common challenge: how to pay for major structural repairs while keeping homeownership affordable. Aging buildings, increasing maintenance costs, and stricter safety expectations have placed significant financial pressure on both associations and homeowners.
To address these challenges, lawmakers have reintroduced the Making Condos Safer and Affordable Act (H.R. 9569), a bipartisan proposal designed to expand financing options for critical condominium repairs. If passed, the legislation could provide valuable new tools for associations and unit owners facing expensive capital projects.
