Re: (OT) Coops and condos

Re: (OT) Coops and condos

See also this google books link.

States did not have a condominium act until the early 1960s prompted by the possible availability of FHA Mortgage Insurance for either the unit-purchaser or the condominium developer. By the end of the 1960s, all states had a condominium act. You could not get FHA mortgage insurance unless the state had a condominium act.

Prior to the statutory enabling by a state condominium act beginning in the 1960s, there were very few condominiums created in the common law by conventional real estate transactions.

Cooperatives, then as now, did not and do not need a specific enabling statute. Those states with some version of the Uniform Common Interest Ownership Act (UCIOA), however, provide for the statutory creation of the three basic types of community associations: condominiums, cooperatives and planned communities --- in a single statute.

Local property tax jurisdictions, like Cook County IL, accommodated (eventually) the existence of condominium units by the use of a four digit code tagged onto the end of the tax ID.

Cliff Treese

Mark:

See the link to Community Association Information (condominiums, cooperative and planned communities).

In particular, the Community Association Fact Book link which is in four parts. Go any one of the State Pages and go to #2.1 for the 1980 and 1990 Census condominium data

Cliff Treese

From: AHS [mailto:ahs@huduser.gov]
Sent: Wed, Nov 18, 2015 12:13 PM
To: Clifford Treese
Subject: (OT) Coops and condos

This is (somewhat) off-topic for AHS but I'm wondering if anyone knows the first time Census collected information on whether a housing unit was a coop or condo. I know that the 1973 AHS included that, and SOMA data on 5+ multifamily units completed has data back to 1970. Did the decennial census long form have such information in 1970? Earlier?

Thanks.
Mark Obrinsky
Senior Vice President, Research and Chief Economist
National Multifamily Housing Council
1850 M St, NW, Suite 540
Washington, DC 20036

(O): 202/974-2329 | (F): 202/775-0112
www.nmhc.org | mobrinsky@nmhc.org