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PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE›Special Provisions Applicable Only to Mortgages Involving Condominium Units

§ 221.300 Changes in the plan of apartment ownership.

24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing) · 2026 edition · updated 2026-07-29 · United States

The mortgagee shall notify the Commissioner of any changes in the plan of apartment ownership and in the administration of the property. Such notification shall be given either at the time of the conveyance of the property or at the time of the assignment of the mortgage. Any changes in such plan shall require approval by the Commissioner.

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▸ Contents — 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
  1. 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance…
  2. PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE
  3. ▸ PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVIN…
    Overview
    1. Subpart A—Eligibility Requirements—Low Cost Homes—Savings Clause
    2. Subpart B—Contract Rights and Obligations—Low Cost Homes
    3. ▸ Special Provisions Applicable Only to Mortgages Involving Cond…
      Overview
      1. § 221.300 Changes in the plan of apartment ownership.
      2. § 221.305 Condition of the multifamily structure.
      3. § 221.310 Assessment of taxes.
      4. § 221.315 Certificate of tax assessment.
      5. § 221.320 Certificate or statement of condition.
      6. § 221.325 Cancellation of hazard insurance.
    4. Subpart C—Eligibility Requirements—Moderate Income Projects
    5. Subpart D—Contract Rights and Obligations—Moderate Income Proj…
    6. Subpart E—Servicing Responsibilities—Low Cost Homes

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