MBA Joint Letter to HUD on FFRMS Extension
Share to
The undersigned national real estate associations represent a broad coalition of housing providers committed to working with the Department of Housing and Urban Development (HUD) to bolster housing supply and address America’s housing affordability crisis. We share in HUD’s goals of resiliency and efforts to combat the impact of climate change on real estate, especially housing. However, our groups have significant concerns about the implementation of the recent Federal Flood Risk Management Standard (FFRMS) rule. FHA Multifamily borrowers must not be subject to an implementation date that is arbitrary and impacted by the capacity of HUD staff.
.