RESOLUTION FOR CHANGING CERTAIN CONDO LENDING REQUIREMENTS

Board of County Commissioners · 2026-06-02 · resolution

This is a legislative resolution commending the Federal Housing Finance Agency for changing condominium lending requirements in Florida, and Congressman Byron Donalds and the Miami Association of Realtors for their advocacy. It directs the County Mayor to partner with the Miami Association of Realtors to disseminate information about the change to County employees and the community, and requires a report within 90 days. The change allows Florida lenders to return to traditional national lending terms with down payments ranging from three to five percent, effective August 3, 2026. The resolution was adopted on June 2, 2026. No specific project, site, or construction work is described.