Updated: The Blacklist of Funding

Potential Solution?

We have previously spoken about the Fannie Mae blacklist or “do not lend list” and how it has raised concerns for many condo associations. However, for California communities, the California FAIR Plan Association, a home insurance pool, offers a potential solution. With expanded coverage options and policies up to $20 million per location, the FAIR Plan may bridge insurance gaps for some condo associations. While it may not solve every problem, it could be a valuable resource for those affected.

For more details, check out a recent article in The Orange County Register by clicking here.