Developer's Manual

Cover Developer's Manual
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If FHA. decides the project has merit, the sponsor will be furnished with a Form 2012, Request for Pre-Application Analysis of Multi-Family Housing Proposal , This requires information indicating the type and design of construction, the number and composition of units, kind of mate- rials and equipment, an estimated mortgage amount, a location map, a sketch site plaji, aind evidence of title or option to purchase.
During initial conferences sponsors will be advised as to the eligibility require
...ments relating to the specific type of project and statutory provisions, such as cost certification, labor standards and prevailing wage requirements, cash equity requirements, and advance amortization payments.
If a project appears feasible, FHA will invite the sponsor to submit a formal application. Form 2013, Application for Project Mortgage Insurance , for mortgage insurance with a fee of $1.50 per $1,000 of mortgage insursmce sought.
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Allocation of Section 221(d) (3) Units If the pre-application conference with the local insuring office proves satisfactory, FHA will contact the multi-housing section in New York which in turn contacts VJashington to request an allotation for the 221(d)(3) units proposed.


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