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Architectural Reports and the HUD 223(a)(7) Refinance
An architectural report describes a property’s condition and code compliance including the building’s condition along with the site and the property’s systems. Reports often contain written descriptions and photographs explaining the building inspection, relevant building codes, and zoning ordinances. While architectural reports are typically required for HUD 221(d)(4) loans and HUD 232 construction or rehabilitation loans, they are not required for the HUD 223(a)(7) program.