Markdown_files/FHA handbook/page_818.md

## II. Origination Through Post-Closing/Endorsement

### C. Condominium Project Approval

#### 2. Project Eligibility

##### (D) Flood Insurance (Existing Construction)

###### (1) Standard

Flood Insurance for Condominiums must meet the requirements in Flood Insurance.

The Condominium Association must have Flood Insurance in place for property improvements in the Condominium Project that are located within Special Flood Hazard Areas (SFHA) including “A” or “V” zones, which are determined by the Federal Emergency Management Agency (FEMA).

The Condominium Association must have Flood Insurance for all Condominium Units in buildings that are located in an SFHA.

The Condominium Project must be located in a community that participates in the National Flood Insurance Program (NFIP) and has NFIP available, regardless of whether the Condominium Association obtains NFIP coverage. Coverage must be equal to the replacement cost of the covered improvements or the NFIP maximum per Condominium Unit multiplied by the number of Condominium Units, whichever is less.

###### (2) Required Documentation

The following documentation must be submitted:

- Form HUD-9992;
- FEMA flood map with the Condominium Project location clearly marked; if applicable, the Letter of Map Amendment (LOMA), Letter of Map Revision (LOMR), or FEMA NFIP Elevation Certificate (FEMA Form FF-206-FY-22-152); and
- If applicable, the certificate of insurance or a complete copy of the Flood Insurance policy.

##### (E) Exception for FHA Insurance Requirements

This exception applies to Manufactured Home Condominium Projects, Detached Condominium Housing Projects, and Common Interest Housing Developments unable to satisfy the current insurance requirements.

###### (1) Standard

The Unit owners and Condominium Association or HOA of the Condominium Project must comply with FHA insurance coverage requirements.

###### (a) Manufactured Housing Condominium Project

MHCPs are eligible for this exception if the:

**Handbook 4000.1 797**  
**Last Revised: 01/10/2025**