19.5.7.1 Introduction

A. Generally, off-site construction is non-mortgageable and not included in the Construction Contract. See Chapter 5, Section 5.11 and Appendix 5, Section A.5.5. However, when building components are initially stored off-site but will be integrated on-site into the construction of the HUD-insured Project during the construction period, those components may be mortgageable, provided the program participants meet the requirements of this section and Appendix 12, Section A.12.2 and Section A.12.3.