We received an email this week from CAI regarding a change in the FHA recertification process for condominiums. As many of you may know, all FHA approvals granted prior to October, 2008 were scheduled to expire on December 7, 2010. FHA has decided to extend the deadlines to allow more condominiums to take advantage of the recertification process.
The new schedule for project approval expirations is below:
| Initial Project Approval Dates | Current Expiration Date | New Expiration Date
|
| 1972 – 1980 | December 7, 2010 | December 31, 2010 |
| 1981 – 1985 | December 7, 2010 | December 31, 2010 |
| 1986 – 1990 | December 7, 2010 | May 31, 2011 |
| 1991 – 1995 | December 7, 2010 | July 31, 2011 |
| 1996 – 2000 | December 7, 2010 | August 31, 2011 |
| 2001 – 2005 | December 7, 2010 | September 30, 2011 |
| 2006 – 2008 (Sept) | December 7, 2010 | March 31, 2011 |
If you are unsure whether your condominium is on the FHA approved condominium list or when it received approval, you can find out by searching for your condominium by name and location at the following web address: https://entp.hud.gov/idapp/html/condlook.cfm.
If your association is interested in renewing your FHA certification or if you have questions about the process, please feel free to contact us directly.
[…] This post was mentioned on Twitter by Condo Law Group, Valerie Farris Oman. Valerie Farris Oman said: New on CondoLaw blog FHA Recertification Deadlines: We received an email this week from CAI regarding a change i… http://bit.ly/fvR24o […]