OVERVIEW OF FANNIE MAE AND FREDDIE MAC Fannie Mae and Freddie Mac are known as government-sponsored enterprises (GSE), a quasi-governmental entity established to enhance the flow of credit to specific sectors of the American economy. Created by Congress, these agencies are privately held companies under the oversight of the Federal Housing Finance Agency (FHFA) to
The NJ-LAC has a plethora of new items on its plate due to legislation that was filed at the beginning of the new session and which we are still absorbing. Some of the more significant pieces of legislation that we are evaluating include: • S607 — Prohibiting conflicts of interest regarding common interest community (CIC)
2020-2021 End of Legislative Session Report Community Associations Institute’s (CAI) New Jersey Legislative Action Committee (NJ LAC) had a busy legislative session advocating on behalf of the approximately 1,459,000 New Jerseyites living in 545,000 homes in more than 7,000 community associations. The New Jersey General Assembly introduced hundreds of bills during their 2020-2021 session,
We start January with some good news and some bad news. It is traditional to start with the bad news. In that connection, we are very frustrated that the Legislature did not approve an extension of immunity for COVID-19 related claims for common interest communities (CICs). The original bill was set to sunset on January
I am honored to have been elected as Chairperson of the NJ Legislative Action Committee for the next two years and will do my best to keep the 2019 LAC of the Year on our current track of effective advocacy. Also, congratulations are in order for Ed San George, PCAM of Integra Management Corporation, AAMC
A Changing of the Guard… This month marks the conclusion of my four years serving as Chair of your CAI Legislative Action Committee – NJ. I now turn over the reins to my colleague Matt Earle, a partner in the law firm of Kates, Nussman, Ellis, Farhi & Earle LLP in Hackensack. The LAC will
Along with CAI National’s Government and Public Affairs Committee and many CAI LAC committees around the country, your New Jersey Legislative Action Committee convened a Task Force on the Structural Integrity and Inspections of condominium buildings in our state shortly after the tragic collapse of the Champlain Tower South Condominium in Surfside, Florida. Our Task
Welcome to the 2021 Conference and Expo issue of Community Trends®! This is the most widely distributed and read issue of the year for CAI-NJ’s monthly magazine. In keeping with our efforts to return to some semblance of “normal”, this year’s Conference and Expo will be an in-person event again… but whether in-person or virtual,
CAI’s Government and Public Affairs team is closely monitoring legislation and public policy impacting the community association housing model issues on behalf of our members. The public policy map below is a dynamic resource and updated daily with new bills and bill status updates. CAI encourages you to bookmark this URL and check your state’s
