NATIONAL – Condos and Co-Ops not eligible for storm relief

RealtyTimes:  CONDOS AND CO-OPS NOT ELIGIBLE FOR STORM RELIEF
By Benny L. Kass
Wednesday, August 21, 2013
Thousands of condominiums and housing cooperatives that were damaged when Hurricane Sandy struck the East Coast last year learned – after the fact – that they were not eligible for money grants from the Federal Emergency Management Agency (FEMA). Unlike single family homes which can get both grants and loans, community associations are considered “business associations” and are only entitled to loans. As we all know, loans have to be repaid, grants do not. Read more:

Posted on September 11, 2013, in Uncategorized. Bookmark the permalink. Comments Off on NATIONAL – Condos and Co-Ops not eligible for storm relief.

Comments are closed.