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FHA Encourages
Subdivisions
More subdivision housing in small towns may be a better possibility under a new Farmers Home Administration (FHA) “conditional commitment program.” Previously, the FHA could finance the building of new homes only on the basis of a single unit at a time. The new conditional commitment does not reserve funds for a loan nor does it provide for construction financing.
But, to experienced builders, the FHA will issue a commitment that, if the homes meet FHA requirements and if funds are
64.6%