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Changes to FHA Guidelines Regarding Retail Space

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FHA recently made guideline changes to limits on retail space in condominium projects.

FHA requires that no more than 25 percent of the property's square footage in a project or a unit can be used for commercial purposes in order for a project to become FHA Certified.

Exception requests will now be considered on a case by case basis for projects with >25% but <36% non-residential/commercial space. FHA reserves the right to reject any exception request received.