Blackstone Management / Condominium Approval

    A clearer path to FHA condo approval.

    Understand the requirements, gather the documents, and start a review of your community with a team that knows the process.

    Start an approval request See how it works
    2–4 weeksTypical processing estimate on the current page; timing varies.
    3 yearsApproval term stated on the current page.
    Start with a reviewEligibility depends on the community’s documents and conditions.
    The basics

    What project approval involves.

    For a condominium community pursuing FHA project approval, the association’s governing documents, finances, insurance, and leasing rules all matter. Blackstone begins with a questionnaire and document review to identify the right next steps.

    Some buyers may also explore a single unit approval pathway when the project is not approved. The right path depends on the property and loan.

    Read the FHA guidelines →
    Blackstone team reviewing a condominium community
    We help communities organize the path from review to submission.
    Eligibility review

    Will your community qualify?

    A document review is needed to assess eligibility. These are common issues highlighted on the current page.

    Leasing must be permitted

    A blanket ban on leasing can prevent project approval.

    Review any seasoning clause

    A rule requiring ownership or occupancy for a set period before leasing may present an issue.

    Check reserve funding

    The current guidance calls for reserve contributions of at least 10% of the budget.

    Understand board leasing authority

    Approval or denial powers over leases can create concerns beyond managing a leasing cap.

    These are screening points, not an eligibility decision. Blackstone reviews the actual documents and applicable FHA guidance before advising a community.

    From first question to submission

    An easy three-step process.

    The team reviews what you have, identifies potential issues, and helps prepare the project submission.

    01 / PREQUALIFY

    Start with the questionnaire.

    A property manager or board member shares the community’s details so Blackstone can begin an eligibility review.

    02 / IDENTIFY ISSUES

    Understand what needs attention.

    The team reviews the documents and discusses items that may affect approval or require clarification.

    03 / SUBMIT

    Prepare the application.

    Once the file is ready, Blackstone assembles the material for submission to FHA.

    Practical details

    Plan your next steps.

    Timeline and documents

    The page currently estimates roughly two to four weeks for an approval, depending on how quickly the association provides documents, any eligibility issues, and FHA’s caseload. Blackstone says it can prioritize its own preparation, but cannot expedite FHA review.

    • Begin with the eligibility questionnaire.
    • Gather the association’s governing, financial, and insurance documents.
    • Review the required document list →

    Fees currently listed

    First approval or expired over 6 months$850
    Renewal before expiration or expired under 6 months$765
    New construction under 1 year$1,500

    These are the amounts published on this page when this redesign was prepared. Confirm the fee for your community before payment.

    Keep exploring

    Helpful FHA resources.

    Approval guidelinesRequired documentsSingle unit approvalPros, cons & misconceptionsFrequently asked questionsMap of FHA condos

    Ready to review your community?

    Complete the existing FHA/VA approval questionnaire. Blackstone can follow up about documents, eligibility, and the next steps.

    Get started