Web Site For FHA Approved Puds

[larryhaskell]

Does anyone know the link to determine if a PUD is approved for FHA? Thanks!

 

[Pamela Crowley (Florida)]

FHA no longer has that available and no longer even wants it. I just leave both boxes unchecked for that particular question on the VC.

 

[Brad Pack]

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WASHINGTON, D.C. 20410-8000

OFFICE OF THE ASSISTANT SECRETARY
FOR HOUSING-FEDERAL HOUSING COMMISSIONER

January 22, 2003
MORTGAGEE LETTER 2003-02

TO: ALL APPROVED MORTGAGEES

SUBJECT: Elimination of Planned Unit Development (PUD) Approval
Requirements

This Mortgagee Letter eliminates the Federal Housing
Administration's (FHA)
policies and procedures for approving Planned Unit Development
(PUD) projects. Effective immediately, FHA will no longer
require approval of a PUD as a precondition for placing FHA
mortgage insurance on a dwelling located in the development.
Further, FHA will no longer maintain a list of approved PUDs.

This Mortgagee Letter expands upon actions taken in 1993,
when FHA published Mortgagee Letter 93-27 , abolishing a variety
of PUD approval requirements described in Handbook 4135.1. While
portions of FHA's guidelines were lifted, ML 93-27 did not remove
all PUD approval requirements. Rather, ML 93-27 stated that PUDs
would still be approved
"in accordance with outstanding instructions relating to legal
documentation and homeowner association budgets."

Based on FHA's extensive experience with PUDs since 1993,
the Department has determined that a detailed examination of the
legal and budget documents associated with
PUDs is no longer necessary. Although the PUD approval
requirements will be eliminated,
FHA will continue to require the attachment of the PUD Rider (see
Attachment XI of Handbook 4165.1) to all mortgages on properties
located in PUDs.

If you have any questions about this Mortgagee Letter, please
contact your local Homeownership Centers in Atlanta
(888-696-4687), Philadelphia (800-440-8647),
Denver (800-543-9378), or Santa Ana (888-827-5605).

Sincerely,



John C. Weicher
Assistant Secretary for Housing-
Federal Housing Commissioner

 

[larryhaskell]

Thanks Brad. Now that you've posted it I remember seeing it earlier. This old foggy brain just isn't working right today. Thank you also Pam.

 

[Charlotte Dixon]

Yes, the V.A. is out of the PUD business, also. Makes things a lot easier.