National League of Cities

Still Hungry?
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Still Hungry?

In the course of just a few years, the FHA has become the premier source of... More

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FHA Processing Times Slow

The Federal Housing Administration is notorious for taking its time when processing loan applications. Adding to that timeline these days is the National Loan Committee (NLC), which reviews deals from regional offices before giving them the final seal of approval. Any new Sec. 221(d)(4) market-rate deal that’s more than 150 units, or more than $15 million, must go to the NLC. More

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