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Practice Note September 2011 FHA Condominium Project Approval: When Do You Need It, And How Do You Get It? Who is FHA? The Federal Housing Administration (FHA), created in 1934, became part of the
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FHA condominium project approval is a process to ensure that condominium projects meet certain criteria set by the Federal Housing Administration in order to qualify for FHA loans.
The condominium project developer or association is required to file FHA condominium project approval.
To fill out FHA condominium project approval, the developer or association must complete the required forms and provide detailed information about the project.
The purpose of FHA condominium project approval is to protect FHA lenders by ensuring that the condominium projects meet FHA standards.
The information that must be reported on FHA condominium project approval includes details about the project's financial stability, management, and legal compliance.
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