5
It has become more difficult in recent years for many people to afford
homeowership, particularly first-time buyers. This is driven by the significant
increase in assessed value along with rising interest rates. While community
associations are one solution, many states have been considering statutory
and regulatory changes to create more opportunities for homeownership.
Related legislative proposals were addressed in the following states:
Condominium associations often provide a great entry point for
homeownership. With laws that may make it easier for people to achieve
ownership, condo communities are sure to remain an attractive option.
3. MAKING HOMES
MORE AFFORDABLE
• California
• Connecticut
• Georgia
• Florida
• Idaho
• Illinois
• Indiana
• Iowa
• Kentucky
• Louisiana
• Maine
• Massachusetts
• New Hampshire
• New Jersey
• New York
• Oklahoma
• Pennsylvania
• Virginia
• Washington
• West Virginia
• Wisconsin
7
6
5
4
8
9
10
11
3
2
12
