
Fannie Mae & Freddie Mac Policy Changes
Fannie Mae and Freddie Mac have announced significant updates to their lending requirements, focused primarily on condo project standards and property insurance rules.
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Fannie Mae and Freddie Mac have announced significant updates to their lending requirements, focused primarily on condo project standards and property insurance rules.
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In this session, we’ll guide managers and board members on how to take meaningful action after receiving a Structural Integrity Reserve Study, with a focus on practical implementation.
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On June 23, 2025, Governor DeSantis signed into law House Bill 913, which clarified and updated various facets of legislation surrounding Structural Integrity Reserve Studies (SIRS). The bill, which focuses on condo safety and financial relief, may have a direct impact on condominiums that are required to conduct a SIRS.
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Whether you’re a community association manager, board member, or resident, having a firm grasp on the legal requirements for reserve studies and reserve funds in your state is crucial to your community’s wellbeing.
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The core purpose of any reserve study is the same – to serve as a capital expenditure forecasting tool and reserve funding plan to offset such expenditures. However, there are some key differences between a typical reserve study and a Structural Integrity Reserve Study (SIRS).
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By now, if you have buildings of 3 or more stories, your condominium association or co-op has hopefully begun the process of fulfilling Florida’s structural integrity reserve study (SIRS) requirements and, if applicable, milestone inspection requirements. Because these laws are new, it can be understandably stressful or conflicting to choose a firm to conduct your SIRS or milestone inspection. Every community has different needs, so what route is best for your association?
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Since Surfside, condominiums throughout the nation have been evacuated as a result of safety concerns. Horizon West (Waukesha, WI), Port Royale (Miami Beach, FL), Renaissance Tower (Myrtle Beach, SC), and Camelback Village (Olney, MD) to name a few. Many states, and in some cases, counties, have taken action to address the issue of aging infrastructure.
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Introduced and signed into law in 2022, Florida Senate Bill 4-D establishes requirements for structural integrity reserve studies and funding for condominiums and cooperatives.
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Introduced and signed into law in 2022, Maryland House Bill 107 establishes statewide reserve study and funding requirements for condominium associations, cooperatives, and homeowners associations. Here are answers to the most common questions we receive about this new legislation!
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