January 2013

Throwing a Lifeline to Drowning Condos: A Plan to Recycle At Risk Condos That Would Avoid Blight


I. The Problem

1. For purposes of this proposal an “At Risk Condo” is a condominium project in which a substantial number of the units are owned by owner/occupants and the balance of the units are owned by lenders (REO), the developer, a successor developer, and/or investors.

2. There is very limited unit loan financing or...

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