New Construction or Substantial Rehabilitation FHA 221(d)(4)
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Davis Bacon Wages:
Third Party Reports:
Mortgage Insurance Premium:
- 0.65% annually (0.70% for urban renewal projects under Section 220, 0.25%-0.35% for affordable and subsidized properties, and 0.25% for Green MIP)
- 90% or more of the units are covered by a project based Section 8 contract for at least 15 years.
- 15 or more year regulatory agreement after Final Endorsement with a minimum AMI set aside