Davis Bacon Wages in Relation to HUD 232 Loans
Established by the 1931 Davis-Bacon Act and required by many HUD programs, some public works projects must pay workers the local prevailing wages. It is overseen by HUD’s Office of Labor Relations Davis-Bacon compliance division. HUD 232 new construction and rehabilitation loans are typically beholden to Davis-Bacon wage requirements, however, HUD 232/223(f) loans for property acquisition and refinancing typically are not.
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