MBA Asks HUD to Update FHA Multifamily Accelerated Processing Program

MBA sent the Department of Housing and Urban Development a letter urging the agency to consider some updates to its FHA Multifamily Accelerated Processing program to lower housing costs and boost housing supply.

The letter noted that a number of environmental requirements have been added to the MAP Guide since 2011. “Many of these are not in any statute or regulation, add significant expense and time to multifamily projects, and limit new development,” MBA President and CEO Robert Broeksmit, CMB wrote. “We strongly encourage HUD to review the necessity of these requirements, given the high demand for housing.”

The issues mentioned in the letter include guidelines for buried underground pipelines, noise, vibrations and more.

Click here to read the letter in full.