Transcript of Hearings on Condominiums and Cooperatives Held at U. S. Department of the Interior Auditorium, Washington, DC. on February 10, 11, 12, 1975

摘要

Transcripts relate to hearings held in Washington, D.C., February 10-12, 1975, on the issue of condominiums and cooperatives and, particularly, on the problems, abuses, and potential abuses which have been associated with these forms of housing tenure. Pursuant to Section 821 of the HUD Act of 1974, HUD surveyed the numbers and locations of condominiums and cooperative units, studied the nature of the problems, reviewed FHA's Section 234 condominium program, and prepared a draft State condominium statute. The hearings are the final part of the report, which was to be completed by August 22, 1975, and are directed to the Executive and Legislative Branches to assist them in reviewing legislative proposals dealing with condominiums and cooperatives. The statements consider Federal regulations; HUD building standards, technology and codes; market availability; existing projects, their successes and failures; zoning restrictions; and fraud in contracted company workmanship and in substandard materials. Condominium conversion is discussed, as are preferences for building new structures or working with existing buildings. Administration problems, user complaints, and legal fiascos are dealt with. Statements are presented by HUD staff, condominium owners and contractors, attorneys, mortgage company executives, leaders of national associations of cooperatives and condominiums, condominium residents, land developers, and senators.