Servicing Guide

Published September 9, 2020

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What is Fannie Mae’s definition of an “affiliated” project?

Affiliated projects include those that are under the same master association or share the use of common facilities that are either owned individually or as part of a master association or development. Multiple condo or PUD projects that do not have one of these characteristics, even if they are managed by the same management company, are not considered to be affiliated projects.

Separate projects under development by the same or affiliated developers shall be considered affiliated during the period of time when control of all units has not yet transferred from the developer to the individual owners or related association/corporation of a PUD, condo, or co-op project. This affiliated status of the subject project ends when control over the last unit in that project is transferred by the developer to an individual owner or related association/corporation of the project.

Projects that do not meet the definition above are considered unaffiliated projects.

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

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