After July 1, 1973, no plan for the establishment of a housing project, as contemplated by this title, shall be approved by the Virgin Islands Housing Finance Authority unless such plan has been drawn in absolute conformity with applicable Minimum Property Standards, whether they be for single or multifamily housing, established for passive and active recreation areas by the Federal Housing Administration (FHA) under the United States Department of Housing and Urban Development (HUD). Conformity hereunder shall be determined by the Virgin Islands Housing Finance Authority. The requirements of this section shall not be subject to exception granted by the Virgin Islands Housing Finance Authority or any other department or agency of the Government of the United States Virgin Islands.