Chapter
1
Appraisal & Property Requirements
Page
1-18
The
property must be free of all foreseeable hazards and adverse conditions
that: (1) may affect the health and safety of the occupants (2)
may affect the structural soundness of the improvements (3) may
impair the customary use and enjoyment of the property. The hazards
include toxic chemicals, radioactive materials, other pollution,
hazardous activities, potential damage from soil or other differential
ground movements, ground water, inadequate surface drainage, flood,
erosion, excessive noise, defective lead base paint (24
CFR Part 35) and other hazards on or off site.
Primary Reference for articles in this section are HUD
Handbook 4150.1 Rev-1 Chapter 4, and HUD
Handbook 4150.2 Section 2-2.
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