The US Department of Housing and Urban Development (HUD) released ML 2011-07: Elimination of the Master Appraisal Report (MAR) effective January 12, 2011, for mortgages insured by the Federal Housing Administration (FHA). Previously, MARs allowed developers to obtain an appraisal for model units within a planned unit development (PUD), condominium, or subdivision to be used for other units in the same phase of development for proposed construction. MARs had a validity period of up to 1 year with a possible extension for an additional year. ML 2009-30 shortened the validity of all appraisals, including MARs, to 120 days, which removes the advantages of MARs. An appraisal is now required for each individual unit within a larger housing project.