For HMDA purposes, are condominium buildings reported as one- to-four-family dwellings or multifamily properties?
It depends on the ownership of each unit. Generally, condominium buildings comprise individual ownership-deeded property and so should be reported as one- to-four-family dwellings and not multifamily properties. If the units are not owned individually, however, the building would be reported as a multifamily dwelling, assuming it houses five or more families.
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