Markdown_files/FHA handbook/page_820.md

## II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT

### C. Condominium Project Approval

#### 2. Project Eligibility

The Condominium Association or HOA must maintain and carry master/blanket Hazard, Flood, and Liability Insurance for the Structures that contain the attached units and the common areas of the project.

##### (2) Required Documentation

The Condominium Project must have form HUD-9992 and certificates of insurance or complete copies of the insurance policies from the Unit owners and Condominium Association.

### viii. Projects in the Coastal Barrier Resources System and Special Flood Hazard Areas

#### (A) All Projects in the Coastal Barrier Resources System

If any part of the Condominium Project is located within the Coastal Barrier Resources System (CBRS), the Condominium Project is not eligible for FHA project approval.

#### (B) Special Flood Hazard Areas

##### (1) Complete Condominium Project

If any portion of the Structures or equipment essential to the value of the Condominium Project is located within an SFHA, then the Condominium Project is not eligible for Condominium Project Approval, unless the Condominium Project:

- Obtains a final LOMA or final LOMR from FEMA that removes the Property from the SFHA; or
- Obtains a FEMA NFIP Elevation Certificate (FEMA Form FF-206-FY-22-152). The Elevation Certificate must document that the lowest floor, including the basement of the residential building(s), and all related improvements/equipment essential to the value of the Property is built at or above the 100-year flood elevation in compliance with the NFIP criteria, and Flood Insurance is obtained.

##### (2) Manufactured Housing

If any portion of the Structures or equipment essential to the value of the Manufactured Housing Condominium Project for both new and existing Manufactured Homes is located within an SFHA, the Property is not eligible for FHA mortgage insurance unless the following is submitted:

- A FEMA issued LOMA or LOMR that removes the Property from the SFHA; or
- A FEMA NFIP Elevation Certificate (FEMA Form FF-206-FY-22-152) showing that the finished grade beneath the Manufactured Home is at or above the 100-year flood elevation.

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**Handbook 4000.1**  
**Last Revised: 01/10/2025**