FHA Condominium Project Approval Recertification
Continuing its implementation of the new condominium project approval process, the Federal Housing Administration (FHA) has released guidance for condominiums seeking project recertification. To review FHA documentation on project recertification and to verify required information for recertification, please click here. To view general information on FHA’s condominium program, click here.
When will my condominium’s certification expire and when can I have my condominium recertified?
Condominium project approvals expire two years from the date of placement on FHA’s list of approved condominiums. Six months prior to the expiration of a condominium’s certification the condominium may seek recertification under the following processes:
Condominiums with an initial project approval date prior to January 1, 2000, must submit a full project approval package for recertification through HRAP or DELRAP. Condominiums with an initial project approval date on or after January 1, 2000, are eligible for the streamlined recertification process.
All condominiums that have not been recertified within six months of the expiration of its project approval certification will require full project approval through HRAP or DELRAP to be recertified.
If your condominium’s certification expires at the end of 2010, you may apply for recertification now. FHA is actively encouraging all condominiums eligible for recertification to begin the process now in order to avoid delays as the initial deadline for recertification approaches.
What is the streamlined recertification process and how can my condominium association apply for a streamlined recertification?
FHA’s streamlined recertification process is intended to ensure that previously approved condominium projects remain in compliance with FHA’s condominium program requirements and to avoid lapses in a project’s eligibility for FHA programs. FHA has a stated goal of approving properly submitted recertification requests within 5 business days, depending on volume of recertification requests.
To use the streamlined recertification process, a condominium must have received its initial FHA project approval on or after January 1, 2000, and must not have allowed its project approval to have been expired for more than six months.