FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024)

hud-4000-1-ii-c-site-condominium

FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024).

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  id: hud-4000-1-ii-c-site-condominium
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024).
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obligations:
  - id: hud-4000-1-ii-c-site-condominium-full
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    section: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024)
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      authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024)
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      paragraph_quote: 'c. Site Condominium (08/19/2024) i. Definition A Site Condominium refers to: • a Condominium Project that consists entirely of Single Family detached dwellings that have no shared garages, or any other attached buildings; or • a Condominium Project that: o consists of Single Family detached or horizontally attached (townhouse-style) dwellings where the Unit consists of the dwelling and land; o does not contain any Manufactured Housing Units; and o is encumbered by a declaration of condominium covenants or a condominium form of ownership. ii. Required Analysis and Reporting The Appraiser must report the appraisal on Fannie Mae Form 1073/Freddie Mac Form 465, Individual Condominium Unit Appraisal Report.'

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024)

c. Site Condominium (08/19/2024) i. Definition A Site Condominium refers to: • a Condominium Project that consists entirely of Single Family detached dwellings that have no shared garages, or any other attached buildings; or • a Condominium Project that: o consists of Single Family detached or horizontally attached (townhouse-style) dwellings where the Unit consists of the dwelling and land; o does not contain any Manufactured Housing Units; and o is encumbered by a declaration of condominium covenants or a condominium form of ownership. ii. Required Analysis and Reporting The Appraiser must report the appraisal on Fannie Mae Form 1073/Freddie Mac Form 465, Individual Condominium Unit Appraisal Report.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Site Condominium (08/19/2024) · source URL · snapshot 8c03836f77f317e1