WBK Industry News - Federal Regulatory Developments

HUD Extends Procedures to Address Site Access for Section 232 Applications

On August 27, 2021, HUD extended the interim procedures detailed in ML 20-15, which address site access issues related to FHA Section 232 mortgage insurance applications during the COVID-19 pandemic. The interim procedures modify third-party site inspections for Section 232 FHA-insured healthcare facilities and provide guidance on Property Capital Needs Assessments, Appraisals, Environmental Site Assessments, Asbestos Surveys, and Radon Testing. These procedures are extended from July 31, 2021, to December 31, 2021.