New MAP Guide 2020 Asbestos
On December 18, 2020, HUD published a new Multifamily Accelerated Processing Guide 2020 (MAP Guide) which established a National standard of practice and procedure for approved lenders to prepare, underwrite, and submit loan applications for Federal Housing Administration (FHA) multifamily mortgage insurance.
Our team went right into work and updated our knowledge database to reflect these new changes. For example, HUD replaced the 1979 threshold date for asbestos surveys with a 1989 threshold date to align its regulations with EPA asbestos regulations at 40 CFR Part 61.
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