At the end of my presentation yesterday, someone asked the above question. And if one person asks it, I figure others are probably looking for an answer.
FHA approval is a status condo associations can attain, allowing unit owners/buyers to receive FHA insurance on their loans which make those loan more attractive to lenders.
Great question! A reader asked this yesterday, describing their association as a residential association with many private homes along a common street, with little other common area assets (a gate system and a tot lot).
