Chapter
1 Appraisal
and Property Requirements Page 1-21a A
community water system is a central system, owned, operated and maintained by
a private corporation or a non-profit property owners association. HUD no longer
maintains a list of approved systems. The appraiser must note in the appraisal
report if public water is available to the subject site. If a property
is on community water, it is helpful if the appraiser notes the name of the water
company on the appraisal report. The lender is responsible to ensure that the
community system(s) is/are licensed and adequate to service the property. Please
see: HUD Handbooks
4150.2 Section 3-6, 4150.1
Section 12-16, & HUD
Handbook 4075.12 Water
Systems Menu
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