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Section 202/811Revised Procedures Pertaining to Underwriting and Construction Administration Guidance

HUD recently issued the following Notice which updates the revised procedures pertaining to underwriting and construction administration guidance for Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons with Disabilities Programs.

The Notice is divided into three parts. The first part addresses general issues that concern all Section 202 and Section 811 proposals in which the Owner has not submitted a firm commitment application. The second and third parts of this Notice specifically address mixed-finance transactions.

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