Quote: July 11, 2024

“We support FHA’s enhancements to its 203(k) program and commend them for including many of the recommendations we highlighted in our January 2024 letter, including increasing the rehabilitation disbursement cap to $75,000 on a nationwide basis for the Limited program, and extending completion timelines to better reflect current market conditions and ensure projects are completed.”
–MBA Senior Vice President of Residential Policy Pete Mills