Florida SB 1794: Criminal Justice Accountability

Bill Text

1794 
Condominium Lending Guidelines 
2026-02-09T03:11:07Z 
Urging the alignment of condominium lending guidelines among all states and eliminating the disproportionate down payment requirements that uniquely burden Florida homeowners, etc. 
Original Filed Version 
2026 
S 
SR 
Resolution 
__ 

 Florida Senate - 2026 (NP) SR 1794 

 By Senator Rodriguez 

 40-01862-26 20261794__ 
 1 Senate Resolution 
 2 A resolution urging the alignment of condominium 
 3 lending guidelines among all states and eliminating 
 4 the disproportionate down payment requirements that 
 5 uniquely burden Florida homeowners. 
 6 
 7 WHEREAS, the Federal National Mortgage Association, in its 
 8 2025 Selling Guide, establishes that attached units in 
 9 established condominium projects located in this state which are 
 10 principal residences are subject to a maximum loan-to-value 
 11 (LTV) ratio of 75 percent under a lender-limited review, and 
 12 WHEREAS, that same guide allows attached units in 
 13 established condominium projects located outside of this state 
 14 to qualify for financing with a maximum LTV ratio of 90 percent 
 15 under identical review criteria, and 
 16 WHEREAS, condominiums are the most common form of attached 
 17 dwellings and represent a path to first-time homeownership in 
 18 many urban areas across this state, and 
 19 WHEREAS, requiring a 25 percent down payment on such 
 20 properties places homeownership beyond the reach of countless 
 21 working families and young buyers, forcing them to delay or 
 22 abandon their pursuit of the American Dream, and 
 23 WHEREAS, these disproportionate and geographically 
 24 selective lending restrictions have adversely affected millions 
 25 of Floridians, constraining access to credit, limiting economic 
 26 mobility, and reducing real estate market activity that fuels 
 27 local economies, and 
 28 WHEREAS, this disparate treatment has resulted in 
 29 significant economic consequences, including diminished 
 30 condominium sales, reduced property tax revenues, and lost 
 31 opportunities for generational wealth creation throughout this 
 32 state, and 
 33 WHEREAS, the United States recognizes that equal access to 
 34 credit is a cornerstone of fair housing, and the Civil Rights 
 35 Act of 1866 guarantees equal rights to purchase and sell real 
 36 property, and 
 37 WHEREAS, the Fair Housing Act, the Equal Credit Opportunity 
 38 Act, the Federal National Mortgage Association, and the Home 
 39 Mortgage Disclosure Act prohibit discrimination in housing and 
 40 lending practices based on geography or any other protected 
 41 category, and 
 42 WHEREAS, Floridians deserve the same equitable access to 
 43 mortgage credit and homeownership opportunities afforded to 
 44 citizens in all other states, NOW, THEREFORE, 
 45 
 46 Be It Resolved by the Senate of the State of Florida: 
 47 
 48 That the Federal Housing Finance Agency is urged to direct 
 49 the Federal National Mortgage Association and the Federal Home 
 50 Loan Mortgage Corporation to eliminate the increased down 
 51 payment requirements imposed on Florida condominium buyers when 
 52 requesting a lender-limited review of an established project, 
 53 thereby ensuring parity and fairness in the housing finance 
 54 system nationwide. 
 55 BE IT FURTHER RESOLVED that copies of this resolution be 
 56 dispatched to the President of the United States, the President 
 57 of the United States Senate, the Speaker of the United States 
 58 House of Representatives, and to each member of the Florida 
 59 delegation to the United States Congress.