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Fannie Mae & Freddie Mac Condo and Housing Cooperative Lender/Appraiser Requirements


Fannie Mae and Freddie Mac introduced in late 2021 new project requirements for condominiums and housing cooperatives to ensure safety and structural stability following the partial collapse of Champlain Towers South condominium in Surfside, Fla., last June. However, the short timeframe of implementation and updated lender questionnaires have caught community association boards, managers, attorneys, and document providers by surprise, and they are now seeking to address the new requirements while keeping real estate transactions in their communities moving forward.

CAI sent a letter to the Federal Housing Finance Agency (FHFA)​ requesting that implementation of the temporary Fannie Mae and Freddie Mac guidelines be suspended by at least one year.

In June of 2023, CAI joined the Community Home Lenders of America (CHLA) and National Association of REALTORS© (NAR) in contacting FHFA Director Sandra Thompson ​requesting transparency in the process of developing the final guidelines for condominium and housing cooperative lending requirements. Read the letter here.​

CAI is collecting data to better understand the impact of these new requirements on condominiums and housing cooperatives. If you are aware of a real estate transaction in a condominium and/or housing cooperative community that has been delayed, disrupted, or stopped because of the new guidance from Fannie Mae or Freddie Mac, please complete this survey.​

View Results as of March 2022 (NOTE: The survey is still open, please consider adding your story.)​​​​​​​​​

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CAI Fannie/Freddie 2021 Condo Requirements Guidance Document

Read CAI's Guidance Document on Fannie Mae and Freddie Mac's 2021 Condo Requirements here.​

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CAI Fannie/Freddie 2021 Guidelines Webinar​​

CAI held a Webinar on January 26, 2022 with Fannie Mae/Freddie Mac, and community association attorneys Edmund Allcock and Todd J. Billy, fellows in CAI's College of Community Association Lawyers. The webinar is available on-demand, and you can find CAI's full list of past and future webinars at


Check out CAI's Advocacy Blog Posts

October 26, 2021- ​​Fannie Mae Releases New Project Requirements for Condominiums and Housing Co-ops

November 11, 2021- ​Advocacy Roundup: Fannie Mae Guidance, Condominium Safety Public Policy, and Political Signs​​