|Re: Project Approval by FHA or FNMA||<– Date –> <– Thread –>|
|From: Fred H Olson (fholsoncohousing.org)|
|Date: Wed, 5 Sep 2012 05:55:16 -0700 (PDT)|
Don Benson <benson6451 [at] aol.com> is the author of the message below. It was posted by Fred, the Cohousing-L list manager <fholson [at] cohousing.org> I've put the "attachments" at: http://l.cohousing.org/HUD_letter_09-46aml.pdf http://l.cohousing.org/HUD_letter_09-46bml.pdf Cohousing-L does not distribute attachments. Suggested alternatives can be found in the FAQ file at: http://justcomm.org/jc-faq.htm#Q10 -------------------- FORWARDED MESSAGE FOLLOWS -------------------- Yes we did receive FHA certification approval 20 months ago. It is a two year certification. Our development is legally a condominium and that was sufficient, regardless of the name we have given it. The name on the FHA document is Trillium Hollow. The name on the condo declaration is Trillium Hollow Cohousing Neighborhood; a condominium. The FHA document indicates they used the HRAP/DELRAP approval method. And as I attempted to point out in my prior post on this question, our intention relative to lenders, government agencies, etc. was NOT to market, sell or otherwise make a point of our intention regarding or value of Cohousing. In these settings this distinction is not relevant and raises issues that their formal structure is not prepared to handle, bringing more heart ache than value to the process. I am attaching copies of two HUD letters we obtained in that certification process that might be useful reference material to your process - Mortgagee Letters 2009 - 46 A and B
- (no other messages in thread)
Results generated by Tiger Technologies Web hosting using MHonArc.