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Policy Limited Denial of Participation (LDP)

The Multifamily Office of Asset Management published a Housing Notice for Limited Denial of Participation (LDP) that seeks to provide clarity and instruction on existing policy. The purpose of this Notice is to establish requirements and procedures for Multifamily Hub Directors and Multifamily Program Center Directors to initiate proceedings against FHA-insured multifamily borrowers who have failed to meet program requirements.

With this Notice, Multifamily intends to increase the use of the LDP process to ensure that borrowers that have made claims against the Insurance Fund are prevented from initiating new business with the Federal Housing Administration for at least one year.

To view this Notice, please click here

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