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Developers won’t confirm or deny new Harvest

Friday, April 29th, 2011

Reblogged from The Gazette:

Harvest Co-op plans new JP store

By John Ruch April 29, 2011

FOREST HILLS—Harvest Co-op Markets is planning a new grocery store as part of a retail/office development on Washington Street south of the Forest Hills T Station.

The new market would be 9,000 square feet and could open in late 2012, Harvest General Manager Mike St. Clair told the Gazette. The existing Harvest at 57 South St. would remain open, though its offerings might change, St. Clair said. Harvest, a member-owned co-op based in Cambridge, recently announced the new store on its web site. Also announced is a new Harvest Co-op for the Fenway as part of the Yawkey Station redevelopment.

The new JP store “will offer a full variety of fresh and organic produce, meat, seafood, deli, grocery and health/wellness products,” St. Clair said in an e-mail to the Gazette.Forest Hills Initiative site plan for future Harvest location

“We have been looking to grow in Jamaica Plain for years to better serve our members and customers with a bigger store, larger product offering and dedicated parking,” said St. Clair, when asked whether the expansion has anything to do with Whole Foods Market coming to JP.

The South Street store is in a good location, but “it is quite small and a challenge to offer a complete grocery shopping experience,” he said. That shop is in a storefront attached to a house with no parking lot.

“We hope to be in this location for a long time,” St. Clair said of the existing JP store. “Our plans are to refine the product variety to best suit the needs of the neighbors in such a challenging facility.”

Last year, Harvest attempted to open a Milton store as part of a development including a CVS Pharmacy. The town meeting rejected that plan due to noise, traffic and property-value concerns, as the Quincy Patriot Ledger reported at the time.

While St. Clair would not name the development team for the new JP store, he confirmed that it is planned for a vacant MBTA parcel on Washington Street at Ukraine Way. Jamaica Plain-based WCI Corp. has a longstanding plan to build a retail/office building there featuring a grocery store.

WCI spokesperson Brian McGinley declined to comment on Harvest’s new store announcement and not confirm or deny its involvement in the WCI plan. He referred questions to Harvest.

The announcement at www.harvest.coop says that the grocer has signed letters of intent with developers on the JP and Fenway projects, and that “neither [project] is certain” to happen.

“The developers selected Harvest because of our excellent reputation in the Metro Boston area for our high-quality and healthy foods, our many years of community involvement and our commitment to environmental stewardship,” the announcement said.

A city-led community planning process for several vacant MBTA parcels around the Forest Hills T Station, which last years and wrapped up in 2009, pegged a grocery store as a top local desire, as the Gazette previously reported.

WCI Corp. won development rights to two of the MBTA lots flanking Washington Street at Ukraine Way.

Its plans for the western parcel, known as “Arboretum Place,” included a 32,000-square-foot building, including a grocery store, with a plaza in front. The plan for the eastern parcel, on the T station side of Washington, involved a 12,000-square-foot office building with ground-floor retail.

The plan includes about 50 on-site parking spaces on the two parcels, as well as on-street parking. Nearly half of the parcels’ area would remain open space.

In community meetings last year, the WCI plan was favorably received, but traffic was a local concern.

“There’s a lot of stuff up in the air,” McGinley said when asked about the status of WCI’s redevelopment of the parcels.

WCI is a developer and contractor whose work includes various residential and commercial buildings around JP, including the company’s headquarters at 500 Amory St.

***

I for one am all for Harvest and pretty much any of the improvements outlined for Forest Hills.

Haven or Heaven?

Wednesday, April 27th, 2011

The Haven Burger had me at, “Hello.”

The dictionary describes haven as  –noun 1. a harbor or port. 2. any place of shelter and safety; refuge; asylum. I have been into Jason Waddleton’s restaurant at 2 Perkins Street in Jamaica Plain at least a dozens times now. I am a happy camper. The food is very good, and the value is fair. His Haven Burger is Heaven. It is to die for. Literally, I would gladly welcome death now that I have experienced the mouth-watering delight that is the Haven Burger.

The Haven in Jamaica PlainWhat kind of a friend won’t share his Haven Burger?

I was recently at The Haven with my friend Riaz for an after-work beer and had the chicken salad sandwich and chips. It was very good, but I had to go through the agonizing pain of watching Riaz (in his very upright, gentlemanly sort of way) finish off a Haven Burger. I could smell the sweet aroma of the  onion marmalade and the warm Huntsman cheese. What good is it to be healthy if you are beset with the purgative agony of watching your good friend demolish a Haven Burger? And while I’m thinking about it, what kind of friend would do that to you? I guess I should have been happy for him, right? I should have shared his sumptuous feast vicariously? Bullocks.

The Haven is an all-around good choice especially if you like deer antlers and skirts on men.

In all seriousness, I have given The Haven a good go and I say Blue Ribbon all the way. From The Full Scotch breakfast to deep fried Mars bar late night – you can’t go wrong. Jason has a great selection of beers as well.

I’m a big fan of the rough sawn wood and the darkish, antler adorned, not over stuffed space. It feels sort of homey at The Haven – I’m not sure about Kilt Night though…for more “Best Of” picks check out BJ Ray’s blog for his opinions on The Haven and other Jamaica Plain favs.

Tampa Bay vs. Red Sox April 2011

Tuesday, April 12th, 2011
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Well, the original Boston Home Team didn’t fare so well last night. I’ve never been to a ball game where we got whupped so bad. I do love snosages (that’s what I call them) and pretzels though…

Eat Jamaica Plain

Tuesday, April 12th, 2011

 

Black and white oval logo for local food website

Eat Jamaica Plain


Shopping for local food in Jamaica Plain needs to be your priority.

I don’t know about you, but I’m ready to beat my head against the wall over this Whole Foods vs. local food community upheaval. The answer seems so obvious but many seem to be more interested in the sound of their own voice than a viable solution. “Can you hear the words coming out of my mouth?” Ever since T.S.H.T.F. and the community caught wind of the approach of the Deathstar Whole Foods I’ve been vexed by the complete lack of creative thought and logical reasoning being employed to understand and solve this issue. There is no local food tractor beam people.

I’m not even going to get into anything that happened in the past or who should have done what, or who deserves to live in Jamaica Plain, or the definition of gentrification or why you should buy local food. You can read that all over the place. I will assume you know why you should buy local food and move on. The big question in my mind is who says anyone has to shop at Whole Foods at all let alone make it their local food source? No one is forcing you. The best way to vote is with your dollars. For food, for fuel, for change, for everything. That’s what America understands. I’m not saying it’s right but that’s the way it is. As a Jamaica Plain real estate agent I know all too well – buyers set the market. Supply and demand, right? If more of us demand fresh local food, someone will supply it.

Local food is right around the corner.

In a recent article by adamg of Universal Hub I learned there are 20 bodegas in Jamaica Plain. I’m familiar with many and I have been patronizing El Progresso Market on the corner of Boylston and Amory for about 6 years. In addition The Plaza Market at Boylston and Haverford began selling local pork, eggs, butter and milk. Unfortunately, I bet they won’t for long. I’m not sure, but the owner doesn’t seem too enthusiastic about this segment of his business when I visit. We need to not only support these small businesses, but repeatedly tell them what we want from them in order to give them our business. If you don’t like Whole Foods go somewhere else. Seek out the nearest mom & pop and buy some groceries. You know what’s kind of fun? Grab something random of which you have no idea what it is. I like the fruit drinks personally. I had never even seen some of those crazy fruits but they’re yummy.

Not surprisingly, I found the Compra Aqui (buy local food eat local food) website featuring all the small local food shops in Jamaica Plain. One of the major problems I see with the small local food movement success strategy is the lack of self promotion and a sustainable marketing effort. Hopefully this will change and maybe they are getting some help.

Direct from the local food website Compra Aqui:

“Jamaica Plain local business districts have a variety of stores that can provide a range of products to satisfy the diverse needs and wants of local residents, and the more people shop in these local businesses, the better these businesses will be able to respond to the needs of our diverse neighborhood.   
First, we hope to promote the dozens of shops in JP with affordably priced food, most of which are owned by local residents from within the Latino/Caribbean community.  Many of these shops currently sell Latino/Caribbean foods, and certainly would entertain offering other products that previously were only available at Hi-Lo.  
At the same time, we hope to promote the local businesses that offer more options of local and organic food than any other neighborhood in Boston.  These businesses include City Feed & Supply (two locations), Harvest Co-op, Plaza Meat Market, two Farmer’s Markets (six months a year), several CSA drop offs and direct farmer-consumer sales.”

This is a great idea. I’m really excited about the Jamaica Plain Shopping Spree this Saturday, April 16th. Here’s what they are offering:

“Come out and support your neighbors on April 16th during the J.P. Shopping Spree.  Our shops will highlights their specialties, offer sales and specials, cooking demos and tips.  Meet the owners of your neighborhood shops and engage in dialogue about what you’re looking for.  Chances are you will find it, and if not, let the local shops know what they are missing on their shelves.  Find the benefits of shopping locally.
Pick up a J.P. Shopping Spree Passport at any of the participating shops the week of the Shopping Spree.  On the 16th, visit 6 shops, and turn your stamped passport in for a raffle.  Winners will receive gift certificates, specials, discounts and more from our local shops. Take the 48 J.P. Loop to conveniently get to all three shopping districts.”

Now where talking! If you don’t want to support Whole Foods, put your money where your mouth is and support the local little guys! Don’t forget the farmer’s markets too! Check out this video of my fellow former Ozarkian and owner of City Feed, David Warner talking about local food.

 

 

FAQ about how the possible Goverment Shutdown will effect FHA

Saturday, April 9th, 2011

This is the HUD national homeownership center reference guide mailing list for real estate industry professionals that are interested in updates to HUD Mortgagee letters, notices and guidebooks, & FHA Housing Industry Training. Please visit our homepage at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Servicing lenders can visit HUD’s National Servicing Center at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm This list does not provide HudHome property listings. . All-   Frequently Asked Questions for FHA Clients during a Government Shutdown: The following HUD/FHA Information Resources will be available during a government shutdown: · HUD/FHA Resource Center: (800) 225-5342 · HUD/FHA National Servicing Center: (877) 622-8525 · HUD’s primary internet site:  http://www.hud.gov (but will not be updated) · The Resource Center FAQ site:  http://www.fhaoutreach.gov/FHAFAQ HUD/FHA staff will not be available to respond to case specific questions.

 

Don't forget to turn the lights off on your way out...

All questions that cannot be answered by contract staff at the Resource Center and the NSC will be deferred until the government re-opens. Please be aware that HUD Staff will not be available to process incoming mail during a government shutdown so business partners should suspend shipment of documents and approval packages during the term of the shutdown.  The following are examples of such documents:  Submission of FHA Test Cases, HRAP condominium approval packages, NAID requests, etc.     1.   Origination: Q: Will the government shutdown affect the processing or closing of FHA-insured loans? A: The shutdown may delay the processing or closing of an FHA-insured loan dependent upon where the loan is in the process.  As noted below, FHA will not endorse closed loans or be able to provide case specific underwriting support.  All FHA underwriting and processing requirements remain in force during the government shutdown and no loan may proceed that cannot fulfill those requirements. Q: Will Lenders have access to FHA Connection? A: Lenders will be able to access FHA Connection, however FHA Connection interfaces to other systems may not be available, or if available these other systems may not be fully supported so FHA Connection processes may not be fully functional. At this time we do not have complete information on the potential impact on some FHA Connection functionality. Below questions and answers reflect our best effort at defining what will be available. Q: Can a lender obtain a new FHA case number? A: Yes. Lenders will be able to obtain a FHA case number from the FHA Connection.  Please note that all FHA underwriting and processing requirements do remain in force on loans originated during the government shutdown regardless of system limitations during the shut down period.. Q: Will Credit Alert Interactive Voice Response System (CAIVRS) be available? A: CAIVRS access may not be available to determine if a borrower has a delinquent federal debt so that verification process may not occur when requesting a case number. Q: Will FHA TOTAL Scorecard be available for lenders? A: Yes. FHA TOTAL Scorecard will be available within systems.  As noted above,  all FHA underwriting and processing requirements do remain in force on loans originated during the government shutdown. Q: Will lenders be able to get password resets for FHA Connection? A: Lenders will be able to continue to utilize the automated password reset options on FHA Connection, but resets that require FHA employee direct assistance will not be available. Q: Will FHA insure any loans during the government shutdown and does this also impact lenders with Lender Insurance (LI) approval? A: No.  FHA loans will not be endorsed during the government shutdown period.  This also includes FHA and Lender Insurance authority as FHA systems will not be enabled to process LI approvals during a government shutdown. Q: Can a lender submit loans for approval if the lender is in test case status? A: No. FHA staff will not be available to underwrite and approve loans. Q: Can lenders submit packages for condo approvals? A: DELRAP approvals can continue to be processed, but HRAPS cannot be processed and should not be submitted for processing during the government shutdown.   2.   Servicing: Q: Will lenders be able to submit FHA Mortgage Insurance Premiums during a government shutdown? A: ·      Upfront Premiums –Lenders will be able to submit UFMIP for approximately 10 days (specific end date will be forthcoming). ·      Monthly Premiums – Yes. Lenders are required to submit monthly MIPs during the shutdown. Q: Can lenders file a claim and convey a property if there is a government shutdown?   A: Yes. Lenders can file a claim and convey a property. The properties will be assigned to an Asset Manager and listed for sale. Claims will be paid. Q: Can lenders submit extension and variance requests through the EVARS System? A: Yes.  Lenders will be able to continue to submit extension or variance requests through EVARS.  However, FHA staff will not be available to process requests on forward mortgages.  Requests will remain in the system until the government reopens.  Please do not submit duplicate requests. Please note that responses to the following email boxes will not be provided until the government re-opens: hsg-lossmit@hud.gov sfdatarequests@hud.gov extension_requests@hud.gov hecmhelp@hud.gov mcmnsc@hud.gov 3.   REO/HUD Home Sales: Q: Will I be able to place a bid on a HUD-owned property via the HUD Home Bid site during the shutdown? A: Yes. FHA contractors will handle the sale of HUD Homes and the bidding site at: http://hudhomestore.com/HudHome/Index.aspx will be available and maintained during the shutdown. Q: Who can I notify about a health or safety issues on a HUD-owned property? A:The staff at the FHA Resource Center can provide contact information for contractors responsible for the maintenance of HUD-owned properties. Q: Will HUD Broker Name Address Identifier (NAIDs) applications be processed? A: No. Name Address Identifier applications will not be processed during the government shutdown. ____________________________________________________________________________________________   For FHA technical support, please contact the FHA Resource Center at: http://www.fhaoutreach.gov/FHAFAQ/ Search our online knowledge base & find answers to our most commonly asked questions. You can also get email technical support at: info@fhaoutreach.com or phone FHA toll-free between 8:00 a.m. & 8:00 p.m. ET (5:00 a.m. to 5:00 p.m. PT) at: (800) CALLFHA or (800) 225-5342. Call FHA TDD at: (877) TDD-2HUD (877) 833-2483).   FHA publications at HudClips: http://www.hud.gov/offices/adm/hudclips/index.cfm Order hardcopies at: http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/dds FHA forms: http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/hudclips/forms FHA Homeownership Centers: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hoc/hsghocs Events & Training Calendar: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/events/events Contracting Opportunities: http://portal.hud.gov/portal/page/portal/HUD/program_offices/cpo Career opportunities: http://www.usajobs.opm.gov/ Grant opportunities: http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/grants/fundsavail Presidentially Declared Disaster Areas: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/disaster Foreclosure Assistance: http://portal.hud.gov/hudportal/HUD?src=/i_want_to/talk_to_a_housing_counselor Making Home Affordable: http://www.makinghomeaffordable.gov/pages/default.aspx This listserv does not provide HudHome property listings. To see the latest list of all HudHomes nationwide please visit: http://hudhomestore.com/HudHome/Index.aspx This list will often provide training opportunities and event announcements for non-profit and local government HUD partners. HUD does not endorse the organizations sponsoring linked websites, and we do not endorse the views they express or the products/services they or their community/business partners offer. For more information on HUD’s web policies please visit: http://www.hud.gov/assist/webpolicies.cfm

 

The Boston Home Team is quitting.

Thursday, March 31st, 2011

That’s right. We’re packing it in, shuttin’ it down. We’re dropping the hammer. Closing the doors, turning out the lights, we’re throwing in the towel. Calling it a day.

No, we’re not giving up real estate – just some bad habits. Namely, using way too much paper and fuel. There’s a lot of tradition [read obsolescence] in my business. Folks aren’t all that open to electronic signatures yet, but that’s the way of the future. The Boston Home Team is going paperless. Well, not completely all at once, but we’re going that direction. As soon as we can come up with a viable alternative for property information sheets at open houses I think we’ll about have this problem licked. In the meantime, all of our contracts, offers, purchase & sale documents, etc. will be completely paperless. Electronic signatures are better all around. Thanks to the Esign Act of 2000 (I know! Who knew this has been around more than a decade!):

Electronic and digital signatures are just as binding as traditional pen and ink signatures as long as they are executed through a process that clearly establishes intent to sign and ensures all legal elements of proof. Furthermore, electronic signatures obtained through DocuSign are compliant with the federal Electronic Signatures in Global and National Commerce Act of 2000 (ESIGN) and the Uniform Electronic Transactions Act (UETA) which has been adopted in most states. As a result, they are legally binding and backed by a comprehensive audit trail. – Docusign FAQ

Basically, we can now generate any document, mark it up for initials and signatures and send it on it’s way. It ravels from one signer to the next until completely executed at which point it turns into a PDF and Presto! Everyone gets a copy in their inbox. Not even the Devil himself is this efficient when harvesting souls. I’ll bet he doesn’t even provide a copy of the contract.

 

 

 

 

 

Revised Homestead Law Now Provides Automatic $125,000 Homestead Protection.

Thursday, March 17th, 2011

Very interesting article about the Homestead Law Now Provides Automatic Protection

reblogged from: The Law Office of David Rocheford

In Massachusetts an estate of homestead protects a homeowner’s primary residence from the claims of certain creditors. Prior to the change in the law the declaration of homestead protected the equity in the home for up to $500,000 of its equity in the event the home owner is sued. That is, if a homeowner is successfully sued in court, $500,000 of the home’s equity could not be touched by an attachment and or execution of sale by the judgment creditor. To acquire the homestead a homeowner would need to file a written declaration and record it with the county Registry of Deeds.

The Massachusetts Legislature has recently passed long awaited revisions to the Massachusetts Homestead Act. The revised law now provides automatic protection up to $125,000 on a homeowner’s primary residence, and a written homestead can also be filed to increase the protection up to $500.000.  The act also provides homeowners additional protection:

  • An automatic homestead exemption of $125,000 is now provided for all Massachusetts homeowners for protection against certain creditor claims on their primary residence.
  • Homeowners are eligible for a $500,000 homestead exemption by filing a written declaration of homestead at the county registry of deeds.
  • A written homestead declaration can now be signed by both husband and wife.
  • Homeowners who already have a written homestead are still covered up to $500.000.
  • Homes held in trust can be declared as a homestead by the trustee.
  • If a single person who has a homestead gets married, the homestead automatically protects the new spouse!
  • A homestead can now pass on to the surviving spouse and children who live in the home.
  • You do not have to re-file a homestead after a refinance.
  • In all mortgage transactions the closing attorneys must now provide the mortgagor with a written notice of availability of a homestead.


Gratuitous use of bottled water?

Thursday, February 17th, 2011

Gratuitous water use?

February 2, 2011 — Realty Times Feature Article by Carla Hill

The bottled water craze took hold over a decade ago, and since its start, consumption has skyrocketed. According to the Natural Resources Defense Council (NRDC), “More than half of all Americans drink bottled water; about a third of the public consumes it regularly. Sales have tripled in the past 10 years, to about $4 billion a year.”

However, from misuse of water mining rights, to concerns over water quality and plastic safety, this inspired idea is beginning to wane in the minds of many critics.

If you and your household are consumers of bottled water, consider these facts that recent studies have brought to light. They just may help make your home a little greener.

First, the quality of bottled water has been brought under scrutiny. According to the Environmental Working Group’s senior vice-president, Jane Houlihan, bottled water companies are hiding information that would shock many consumers. When tested in comparison to bottled waters, the EWG found that “filtered tap water received the best grade (an A.”)

According to Yahoo!, 10 of America’s top-selling brands barely had passing grades:

  1. Pure Life Purified Water (Nestle), EWG grade = B
  2. Arrowhead Mountain Spring Water (Nestle), EWG grade = C
  3. Aquafina Purified Drinking Water (Pepsi), EWG grade = D
  4. Dasani Purified Water (Coca-Cola), EWG grade = D
  5. Deer Park Natural Spring Water (Nestle), EWG grade = D
  6. Ice Mountain Natural Spring Water (Nestle), EWG grade = D
  7. Ozarka Natural Spring Water (Nestle), EWG grade = D
  8. Zephyrhills Natural Spring Water (Nestle), EWG grade = D
  9. Crystal Geyser Natural Alpine Spring Water (CG Roxane), EWG grade =  F

Filtered tap water not only reigns supreme in terms of quality, it also is a huge money saver. In today’s economy, bottled water can be as much as 1,900 times more expensive than tap water.

It seems as if quality filtered water and it’s inherent benefits have been confused for bottled water. Tap water of local municipalities is under strict government regulation. They regularly test for many harmful contaminants.

Yet, according to the NRDC, “The FDA’s rules completely exempt 60-70 percent of the bottled water sold in the United States from the agency’s bottled water standards, because FDA says its rules do not apply to water packaged and sold within the same state. Nearly 40 states say they do regulate such waters (generally with few or no resources dedicated to policing this); therefore, about one out of five states do not. “?

In a NRDC test, 1/3 of bottled waters contained “significant contamination.” What does this mean? That is “levels of chemical or bacterial contaminants exceeding those allowed under a state or industry standard or guideline.” Many of these contaminants are known cancer causing agents.

And if that weren’t bad enough, bottled water use consumes a large amount of oil simply in it’s packaging. Additionally, plastic bottles take 1,000 years to biodegrade (MSNBC). And millions of them end up in landfills, and unfortunately the ocean each year. Only 27 percent of bottled end up recycled. (earth911.com)

Here are just a few “green” options to try in your home:

Whole House Filtration System: These cost around $750 and mean that not only is your drinking water filtered, but the water you wash your dishes and shower in as well! Be sure to research brands before buying, however, since there are brands that outperform their competitors.

Faucet filtration: These systems connect directly to your faucet and cost under $25.00. They have filters that needs changed every 6 months.

Filtered Water Pitcher: Research has shown that pitchers don’t filter out as many contaminants as faucet systems, but they are a great option for busy families or offices without regular access to water. You can fill it up once and use it all day!

Reusable Bottles: And finally, for “on the go” water drinkers, be sure to invest in a reusable bottle. You can choose from either stainless steel water bottles or BPA free bottles. They cost $10 or less for basic varieties and will allow you to take water to the office and in the car.

Bottled water usage is a hard habit to change. The ease and convenience, plus its obvious benefits over consuming sugary soda drinks makes it hard to give up. But by making a few simple changes in your home, as well as buying a reusable bottle for on the go, you’ll be sure to stick with it!

Government Center Feb 2011

Monday, February 7th, 2011


IMG_3337, originally uploaded by Vitoria’s Dad.

I was just walking around in the last blizzard snapping some shots.

FHA condo approval as it applies to condo association in Jamaica Plain

Thursday, December 2nd, 2010
Barney Frank hammers the financial industry

Barney Frank hammers the financial industrh

Listen up condo peoples. This year has been a bit bumpy for the more loosey-goosey condo associations in and around the city of Boston. Anyone trying to sell a unit in one of the more casual buildings was probably given a rude awakening. Strict lender guidelines have arrived. The usual response to this by pretty much all involved is general revulsion and disgust – but I don’t get it. These are big investments all tied up in a bow with multiple other investors. Why not run them like a business? These guidelines should have been in place all along. So tighten your belts people – and get those books straight!

A colleague at Wells Fargo passed these on to me. If you would like to speak to her feel free to contact me for her info. She’s a great gal and very knowledgeable.

An underwriter must review for any circumstances or conditions that might have an adverse effect on the project or cause a mortgage in the project to become delinquent. Below are a few of the key requirements:
- No more than 10% of the units owned by a single entity.
- No more than 15% of the units are 30+ days delinquent on their    HOA dues.
- No more than 50% of the units are occupied by non-owner occupied residents.
- The budget must have a line item that reflects at least 10% of the annual income being allocated towards reserves.
- The building must have acceptable hazard, flood, liability and fidelity insurance (fidelity insurance is required for buildings with 20 or more units). HUD has released temporary guidelines effective through December 31st 2010. HUD has not yet announced any continuance of these guidelines. Below is a comparison between the FHA guidelines and the temporary guidelines.

2010 Temporary Guidelines FHA Guidelines
Pre-Sale for New Construction/New Conversion 30% 50%
FHA Concentration in New Construction Buildings 50% 30%
FHA Concentration in Established Buildings 100% 30% for established projects with 4 or more units. 3 or fewer units can not have more than one unit financed with an FHA mortgage.

HUD lists all approved condos on their website: https://entp.hud.gov/idapp/html/
condlook.cfm

FHA Appraisal Requirements
FHA requires the underwriter to review the appraisal to determine whether the appraiser has reported any property conditions that will affect the health and safety of the occupants or the security and soundness of the property and must require immediate repair where the property condition poses a threat to these criteria. Examples of property conditions that FHA will continue to require automatic repair for existing properties include, but are not limited to:
• Inadequate access/egress from bedrooms to exterior of the home
• Leaking or worn roofs (if three or more layers of shingles on leaking or worn roof, all existing shingles must be removed before re-roofing)
• Evidence of structural problems, such as foundation damage caused by excessive settlement
• Defective paint surfaces in homes construction pre-1978
• Defective exterior paint surfaces in homes constructed post 1978 where the finish is otherwise unprotected