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 Code of Federal Regulations (Last Updated: October 10, 2024)
 Title 24 - Housing and Urban Development
 Subtitle B - Regulations Relating to Housing and Urban Development
 Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development
 SubChapter A - General
 Part 200 - Introduction to FHA Programs
 Subpart A - Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects
 Property Requirements

  § 200.73 - Property development.  

Latest version.

  • § 200.73 Property development.

    (a) The property shall be suitable and principally designed for the intended use, as provided by the applicable section of the Act under which the mortgage is insured, and have long-term marketability. Design, construction, substantial rehabilitation and repairs shall be in accordance with standards established by the Commissioner.

    (b) A project may include such commercial and community facilities as the Commissioner deems acceptable.

    (c) The improvements shall constitute a single project. Not less than five rental dwelling units or personal care units, 20 medical care beds, or 50 manufactured home pads, shall be on one site, except that such limitations do not apply to group practice facilities.