. Major rehabilitation or major remodeling, such as the relocation of a load-bearing wall;
Â· New construction (including room additions);
Â· Repair of structural damage;
Â· Repairs requiring detailed drawings or architectural exhibits;
Â· Landscaping or similar site amenity improvements;
Â· Any repair or improvement requiring a work schedule longer than six (6) months; or
Â· Rehabilitation activities that require more than two (2) payments per specialized contractor.
A borrower may not use the Streamlined (k) program to finance any required repairs arising from the appraisal that do not appear on the list of Streamlined (k) Eligible Work Items listed above or that would:
Â· Necessitate a "consultant" to develop a "Specification of Repairs/Work Write-Up";
Â· Require plans or architectural exhibits;
Â· Require a plan reviewer;
Â· Require more than six months to complete;
Â· Result in work not starting within 30 days after loan closing; or
Â· Cause the mortgagor to be displaced from the property for more than 30 days during the time the rehabilitation work is being conducted. (FHA anticipates that, in a typical case, the mortgagor would be able to occupy the property after mortgage loan closing).