Latest on Rollin Street Delays

Here’s the latest on the Rollin Street delays:

When we last contacted you about Rollin Street’s closing delay, we promised an update within 3 weeks. Since then, we have continued to work to understand how the new Fannie Mae pre-sale guidelines will ultimately affect the property and our buyers. We would like to thank you for your patience and to let you know that we are still working through a number of issues to have a full understanding of these regulatory changes and their ultimate impact. We will be in touch again before the end of the month with a clear course of action.

Again, we appreciate your patience during this process, and apologize that we don’t have more information at this time. In the meantime, please don’t hesitate to contact me if you have any questions…