FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Classifications and Ineligible Characteristics (10/15/2019)
FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Classifications and Ineligible Characteristics (10/15/2019).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Classifications and Ineligible Characteristics (10/15/2019) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Classifications and Ineligible Characteristics (10/15/2019)
a. Classifications and Ineligible Characteristics (10/15/2019) i. Classifications Condominium classifications eligible for Condominium Project Approval include: • Existing Construction; • Complete Condominium Project; • Conversions: II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT C. Condominium Project Approval 2. Project Eligibility Handbook 4000.1 778 Last Revised: 11/26/2025 o Gut Rehab (completed) o Non-Gut Rehab • Two- to Four-Unit Condominium Project; • Manufactured Housing; and • Leasehold Interest. ii. Ineligible Characteristics FHA will not approve Condominium Projects with the following characteristics: • cooperative ownership; • condominium hotel or condotel; • mandatory rental pooling agreements that require Unit owners to either rent their Units or give a management firm control over the occupancy of the Units; • timeshare or segmented ownership projects; • multi-dwelling condominiums (more than one dwelling per Condominium Unit); • houseboat project; • continuing care facility; • Coastal Barrier Resources System location; or • subject to adverse determination for significant issues as identified by FHA.