The Scattered Site policy at Section 3.1.30 in the MAP Guide was designed to provide financing for two or more noncontiguous parcels of land when the parcels comprise one marketable, manageable real estate entity.
The 2017 Tax Cuts and Jobs Act (P.L. 11597, Dec 22, 2017) created an investment vehicle known as Qualified Opportunity Funds, which invest capital gains into projects located in Opportunity Zones.
HUD is not aware of any nexus between the two policies that would allow investment outside of an Opportunity Zone location (in part or full), yet still qualify for reduced FHA application fee benefits. Therefore, the standard application fee would apply.
Greg Hunter Changed status to publish October 27, 2021