Hurricane Sandy
Sandy Assistance Streamlined for Developers and Landlords
The effort is intended to speed access to financing and accelerate recovery efforts in areas affected by Sandy.
The Federal Housing Administration will speed the approval of applications made by owners of multi-family apartments in New York and New Jersey looking to refinance mortgages, substantially rehabilitate their properties, or construct new developments in Hurricane Sandy-impacted areas, U.S. Housing and Urban Development Secretary Shaun Donovan said in a release. According to a release, the order is effective immediately. The streamlined approval process, by design, is intended to accelerate access to mortgage financing for apartment owners and to facilitate recovery in the multi-family residential sector. From a release: December 7, 2012, the President issued an Executive Order establishing the Hurricane Sandy Rebuilding Task Force and …
Bob Short
1:53 pm on Monday, February 18, 2013
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