38 St. John's L. Rev. 1 (1963-1964)
Condominium - Statutory Implementation

handle is hein.journals/stjohn38 and id is 15 raw text is: VOLUME XXXVIII          DECEMBER 1963                    NuMBER   1
WnIEAM      K         tmu -
The term condominium was practically unknown in
this country until 1960 when residents of Puerto Rico sought
an amendment to the National Housing Act authorizing
Federal Housing Administration insurance of mortgages on
individual apartments or units in multi-unit buildings. Their
efforts were temporarily unsuccessful because the Housing
Act of 1960 failed to pass, but a similar provision was
included in the Housing Act of 1961 and became law ef-
fective June 10, 1961 as Section 2341 of the National
Housing Act.      Section 234 is directly responsible for the
advent of condominium in the continental 'United States.
What is this new kind of ownership which was described
enthusiastically by the Puerto Ricans before the Con-
* This article is based in part on a paper by the author, entitled,
Condominium, a Preview, copyright 1962 by the Association of Life In-
surance Counsel, delivered before a meeting of said Association on May
29, 1962. This material is used with the permission of the copyright owner.
t William K. Kerr is a native of Brooklyn, New York. He received
the B.S. degree from Princeton University in 1925 and LL.B. from Brooklyn
Law School in 1930. He is a member of the New York Bar and of the
Association of the Bar of the City of New York and the American and
New York State Bar Associations. He is a member of the Committee on
Real Property Law, and of the Committee on New Developments in Real
Estate Practice of the Association of the Bar of the City of New York.
Mr. Kerr is a Second Vice-President and Associate General Solicitor of
The Equitable Life Assurance Society of the United States.
175 Stat. 160, 12 U.S.C. § 1715Y (Supp. IV, 1963).

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