There are two project approval
processing options available – the HUD Review and Approval Process
(HRAP) or the Direct Endorsement Lender Review and Approval Process
(DELRAP). Condominium project approval packages are submitted,
processed and reviewed under one of the available options to
determine eligibility of projects for insurance of a single unit
condominium to be under an FHA mortgage. Condominiums have complex
legal, financial and other documents that require review to assure
FHA that the condominium project is stable with the expectation
that the status will remain unchanged.
EO: EO
13878 Name/Subject of EO: Establishing a White House Council on
Eliminating Regulatory Barriers to Affordable Housing
This revision to the existing
Information Collection allows HUD to remain compliant with the
Paperwork Reduction Act and to determine the eligibility of
condominium projects for approval and units in approved and
unapproved condominium projects for FHA-insured financing: These
changes help to: • Remove barriers to affordable homeownership and
expanding the pool of properties that may be eligible for
FHA-insured financing • Provide more opportunities for credit
worthy homebuyers and • Reduce the regulatory burden and meet the
growing needs of the housing industry.
$1,034,865
No
No
No
Yes
No
No
No
Kristen Stierwalt-Huff 202
402-4352
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.