July 29, 2009 Revised Temporary Waivers of three year rule for Section 223(f)
Property must have a Certificate of Occupancy (CO) dated no later than the date of the loan application. In other words, a waiver is possible for all new properties that are built and have a CO.
We can now finance your new multifamily bond deal using FHA 223(f) as a construction take-out.
