HUD Handbook 4000.1 II.C: Condominium Project Approval

Document
HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook
Version in Zeitro Strata
Where
page 796 of 1872

Page 796

C. CONDOMINIUM PROJECT APPROVAL

Condominium Project Approval can be issued by FHA staff through the HUD Review and Approval Process (HRAP) or by an FHA-approved Mortgagee through the Direct Endorsement Lender Review and Approval Process (DELRAP). Mortgagees with Unconditional DELRAP Authority are authorized to review condominium documentation, determine Condominium Project eligibility, and certify to compliance with section 203(b) of the National Housing Act and 24 CFR Part 203 of FHA’s regulations as part of the Condominium Project Approval process.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.