www.hudclips.org 


U. S. Department of Housing and Urban Development
Washington, D.C. 20410-8000

 
July 20, 1994
 
OFFICE OF THE ASSISTANT SECRETARY
FOR HOUSING-FEDERAL HOUSING COMMISSIONER
Mortgagee Letter 94-35
 
TO:     ALL APPROVED MORTGAGEES
 
SUBJECT:Single Family Loan Production - Extension of Time for
Disaster Victims of Flooding in the Midwest and Hurricane
Andrew in South Florida to Apply for Section 203(h)
Mortgage Insurance.
 
This Mortgagee Letter is to advise you of actions taken by the
Department to assist victims of the flooding in the Midwest and
Hurricane Andrew in South Florida.  Currently, 24 CFR 203.18(e)(3)
requires the application for mortgage insurance under Section 203(h)
to be filed within one year after the Presidential declaration of the
disaster.  The President's declaration of a major disaster was signed
in June 1993 for the flooding in the Midwest.  Because of the extent
of destruction, the Department has determined that the one year period
is insufficient to meet the housing needs of the flood victims.
Accordingly, the Department has waived the one year requirement in the
regulations and extended the period for filing an application until
June 30, 1995, for victims of the Midwest flooding.
 
The President's declaration of a major disaster was signed in
August 1992 for the victims of Hurricane Andrew in south Florida.
Because of the extent of destruction the Department determined that
the one year period was insufficient to meet the housing needs of the
hurricane victims and extended the period to August 31, 1994, in
Mortgagee Letter 93-25.  The Department is now further extending the
time period to August 31, 1995, for the hurricane victims.
 
If you have any question regarding these issues, please contact
your local HUD office.
 
Sincerely yours,
 

Nicolas P. Retsinas
Assistant Secretary for Housing-
Federal Housing Commissioner