10.10 Management Agents and Escrow Administration
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States
A. Management Agents must cooperate with the Lender and with the Hub/Satellite office staff in administration of the Initial Operating Deficit (IOD) escrow, including any disbursements permitted and the release of any escrow balance remaining. The terms and procedures for release of the IOD are addressed in Chapter 12, Section 12.15.4.C.
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Chapter 10 Management Analysis 10.10 Management Agents and Escrow Administration
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B. Management Agents must cooperate with the Lender and with the Hub/Satellite office staff in administration of the Reserve for Replacements account (per the reserve schedule and deposit requirements included in the Firm Commitment) and in the requirement to obtain a new Capital Needs Assessment (CNA) every 10 years during the loan term. See Appendix 5 for more details on PCNAs.
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Chapter 11 Lender Underwriting, HUD Review and Closing
11.1 General
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