Housing and Urban Development (HUD) / Federal Housing Authorities (FHA) Lenders require a Project Capital Needs Assessment in place of the Property Condition Report. The HUD Multifamily Accelerated Process (MAP) and Lean Healthcare Process Guides contain detailed guidelines for the Project Capital Needs Assessment, which are substantially different from an ASTM E2018 Property Condition Assessment. There are some distinctions that clearly define a FHA / HUD Physical Inspection Report (PIR – a part of the Project Capital Needs Assessment).
Read more about HUD / FHA Project Capital Needs Assessments.
