FHA Insurance Concentration refers to the number of FHA-insured Mortgages within a Condominium Project.
FHA Insurance Concentration is calculated by dividing the total the number of Units with FHA-insured mortgages by the number of completed Units in the project.
When determining the number of completed Units (denominator) for a:
- single-phase Condominium Project, all Units are used.
- multi-phased Condominium Project, the total number of units in the first declared legal phase and cumulatively on subsequent legal phases are used.
For additional information see:
- Handbook 4000.1, Section II.C.2.c.iii. available at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
- The FHA Condominium Mortgage Insurance page at: https://www.hud.gov/program_offices/housing/sfh/ins/sfh_ins_condominiums