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d. Improvements Standards (02/16/2021)
i. General Improvement Standards
The Consultant must ensure that the Property will comply with HUD’s MPR or HUD’s MPS after the improvements have been completed.
ii. Improvement Standards for Storm Shelters
When a storm shelter is part of the rehabilitation, the Consultant must ensure that its construction is consistent with guidelines issued by the Federal Emergency Management Agency (FEMA).
iii. Foundation Standards
(A) Existing Structure Moved to a New Foundation
Prior to placement of the existing Structure on the new foundation, the Consultant must obtain from the Borrower a report from a licensed structural engineer stating that the foundation is structurally sound and capable of supporting the Structure.
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II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT A. Title II Insured Housing Programs Forward Mortgages
9. 203(k) Consultant Requirements
After placement of the existing Structure on the new foundation, the Consultant must obtain from the Borrower a report from a licensed structural engineer stating that the Structure has been properly placed and secured to the new foundation.
(B) Structure is Reconstructed on the Existing Foundation
Prior to reconstruction of the Structure, the Consultant must obtain from the Borrower a report from a licensed structural engineer stating that the foundation is structurally sound and capable of supporting the proposed reconstruction of the Structure.
(C) Existing Structure will be Elevated
Prior to elevation of the existing Structure, the Consultant must obtain from the Borrower a report from a licensed structural engineer stating that the foundation is structurally sound and capable of supporting the Structure.
After elevation of the existing Structure, the Consultant must obtain from the Borrower a report from a licensed structural engineer stating that the Structure has been properly placed and secured to the new foundation.