Condo living – easy living at it’s finest. Normally that’s a pretty true statement. The Pointe of St Paul experienced a electrical interruption that should be a wake up call to all condo owners. Do you have an Emergency Plan? What would you do if your building lost power for an extended period of time? [...]
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Sure, the exterior just got a fresh coat of paint, but the improvements at Printers Row are more than skin deep. Behind the scenes, the building sought and received FHA approval from the Department of Housing and Urban Development. What’s this mean to you? As a buyer, you can now buy in this building using FHA [...]
OK, there’s a smoking deal right now, but as required – I can’t openly tell you about this great value. I’d put this unit more in the “great investment” category than to actually live in, but I’m not going to dissuade someone wanting to buy it as an owner-occupied home. What makes this [...] Gallery Tower Condos is almost ready to flip the switch on their new elevator. They’ll then take dthe remaining original elevator out of service, and before you can say “Taking the stairs is hard work”, the elevators will be fully modernized – hopefully not needing to be touched for another 30+ years. I’m excited to see [...] With the new rules regarding FHA financing of condominiums, comes the first wave of re-ups. In the past, once a building was approved for FHA financing, it was set for life – Not any longer. HUD figured out that over 20+ years, sometimes financials change in a building. Now buildings are required to [...] For me, I know winter is fast approaching when I see that Downtown’s only lake, Lake Temperance has frozen over. Mark the date in your calendar, it’s official folks And what building is so lucky to front Lake Temperance? Well it’s none other than Printers Row! a great 44 unit building in the Wacouta [...] Shocking news in the world of FHA financing! HUD (the Department of Housing and Urban Development) has rejected two buildings in downtown. Great Norther Lofts and The Rossmor both sought FHA approval for their buildings, and both were shot down. Great Northern Lofts is the most curious one as it’s a very financially sound building. In [...] We knew it was coming, but it still stings. Due letters are being mailed out next month with a due date of October 1st. I kind of assumed the association would offer some type of payment plan. 
And you thought I had disappeared! It’s been a busy summer and I’m getting back on the blogging horse so to speak. Aeon (formerly Central Community Housing Trust) has closing on their loan and has started consturction (demolition) in earnest. Now that the old Lowertown Bike Depot has been razed, abatement for lead and asbestos will [...] 
Thanks for the tip Justin! As more and more buildings become FHA approved, it’s even more important for the holdouts to get approved as well! I know of two buildings downtown right now that are basically unfinanceable. If these buildings would seek FHA approval, they’d know what they need to do in order to make [...] |
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