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A temporary waiver on restrictions that prevent homeowners from using 203(k) loans to make foundation repairs is set to expire in March.

HUD Urged to Make Post-Sandy Loan Waiver Permanent

A temporary waiver allowing victims of Hurricane Sandy to finance foundation repairs and elevate their homes with 203(k) mortgages should be made permanent to help lessen the burden of flood insurance requirements, say real estate and flood hazard groups.

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