“Then I did research again, and they came back, and I said, Massachusetts has the same exact language that Florida does, allowing unit owners to waive reserves on an annual basis, but this geotargeting policy doesn’t apply to Massachusetts,” she said. “And then they came back and said, ‘It’s proprietary information.’ I feel that with this particular issue, the goalposts keep getting moved, and we don’t really get a good, clarified answer.
“Pulte is there”
People in Florida are hopeful that with Pulte leading Fannie Mae and Freddie Mac now, maybe this regulation will be removed and the state will be brought in line with the other 49.
“We have a lot of people in the Trump administration, and so Congressman Donalds has written this letter,” Blake said. He has written this letter from the perspective of, why is Florida being treated differently than the other 49 states. And that’s really the answer we want, ‘Can you give us a confirmed answer as to why?”
“For us, for our local markets, it does not make sense to our association and to our members, why we have a different policy for Florida.”
In the letter, Donalds notes that as of March 4, 2025, there were 17,186 condominiums and townhouses priced at $400,000 or less in Broward, Miami-Dade, and Palm Beach Counties. This was compared to just 799 single-family homes in the same price range.
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