California’s Balcony Law and Fannie Mae Standards Could Push Condo Fees Higher

Orange County Register, February 6, 2025-Jeff Lazerson
At the intersection of Fannie Mae and Freddie Mac lending standards and California’s balcony law is a big question: How high will condominium HOA fees and special assessments go?
First, let’s explore the so-called California balcony law or Senate Bill 326. The law was enacted in 2019, after six people died in 2015 when a Berkeley apartment balcony gave way and fell 50 feet to the ground below.
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