Firm approval letter
Firm approval letter means a letter issued by HUD to an HFA upon the positive completion of the HUD-retained reviews described in 266.210. The letter will apportion units to the project and provide that, so long as the HFA is in good standing and absent fraud or misrepresentation by the HFA, HUD will endorse the project mortgage for insurance upon presentation by the HFA of the required Closing Docket and certifications required by this part and the Commissioner's administrative requirements.