Revised Base City High Cost Percentages and High Cost Areas

HUD Notice H 13-27, “Annual Base City High Cost Percentage and High Cost Area Revisions for 2013,” lists the revised Base City High Cost Percentages for FHA Multifamily Mortgage Programs.

According to HUD:

“In accordance with Chapter 5, paragraph 5-6 of HUD Handbook 4445.1 REV-2, Underwriting Technical Direction for Project Mortgage Insurance, we have reviewed the High Cost Percentages (HCP) for each Base City. Each Base City HCP has been recalculated based on Marshall & Swift construction data. The results are reflected in the attached list of authorized Base City HCPs, effective January 1, 2013.”