Freddie Mac: Owner Occupancy Change for New Condo Projects
Did you know the owner occupancy requirement for new condo projects has changed?
The owner occupancy requirement for new condo projects is being revised from 70% to at least 50% of the total units in the project (or at least 50% of the sum of the subject legal phase and prior legal phases).
Note: Fairway's Project Review team will make the final determination on the acceptability of all projects.
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