HUD Condo Form Updated

Please see attached ML-2021-09

https://www.hud.gov/sites/dfiles/OCHCO/documents/9991.pdf

https://www.hud.gov/sites/dfiles/OCHCO/documents/9992.pdf

Today, the Federal Housing Administration (FHA) announced the publication of Mortgagee Letter (ML) 2021-09, Announcement of Revised Form HUD-9991, FHA Condominium Project Approval Questionnaire. This ML announces the immediate availability of the revised forms. Both forms have been streamlined to provide greater clarity for those doing business with FHA.

Form HUD-9991 is used to process single-unit and loan-level approvals for both forward mortgages and Home Equity Conversion Mortgages (HECM). Form HUD-9992 is used to process condominium project approval applications. The forms were originally published in the Federal Register on August 15, 2019, as part of the Condominium Project Approval Final Rule, and were later approved for required use beginning January 2, 2020. The forms were subsequently published in the Federal Register for public comment and have now been revised in response to the public comments received.

Mortgagees may begin using these revised forms immediately; however, the revised form HUD-9991 must be used for initial project approval and re-certifications submitted on or after May 17, 2021.

Changes to these forms do not alter any other requirements found in the Single Family Housing Policy Handbook 4000.1.

Please contact your Account Executive if you have any further questions.