Condominium Housing Issues, Ninety-Sixth Congress. First Session on Condominium Conversions

摘要

Hearings before the Senate Subcommittee on Housing and Urban Affairs focus on the explosive upswing in the conversion of rental units to condominiums, describing the types of protective laws and information disclosure which can best aid consumers and promote a healthy condominium industry. The subcommittee also considers whether minimum standards should be mandated from the Federal level and discusses unfair and oppressive lease arrangements for condominiums in Florida. Witnesses include the mayor of Washington, DC, real estate developers, community representatives, and government officials and land developers from Florida. Topics addressed include the tax-exempt mortgage bond to reduce the cost of housing, the racial impact of conversions, the community development allocation formula, tenant-sponsored conversions, statutory tenancy, the role of the Community Development Block Grant Program, and the impact of conversions on the elderly and handicapped. Witnesses' prepared statements are included, along with additional statements and data on condominium conversion projects, particularly the Parkfairfax condominium in Alexandria, VA.