WASHINGTON, D.C. – RealEstateRama – MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) updates to a selection of requirements in its Federal Housing Administration (FHA) Multifamily Accelerated Processing (MAP) Guide:
“MBA applauds HUD Secretary Scott Turner and his team for their responsiveness to feedback from our multifamily members to streamline requirements in FHA’s multifamily lending programs, lowering development costs and accelerating the delivery of much-needed rental housing.
“These updates roll back unnecessary and duplicative provisions – including changes to vibration standards, underground pipeline requirements, fall hazard rules, and noise regulations – that have added cost, delayed projects, and constrained new rental housing development.
“Our members look forward to advancing practical, market-driven solutions that expand housing supply and improve affordability for renters across the country.”
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