13.2.1 Low Income Housing Tax Credits
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. This example illustrates the applicability of the cost certification exemption for a new construction and substantial rehabilitation project using the lowest controlling mortgage criterion.
Total Estimated Replacement Cost of Project (Section G line 74 form HUD-92264): $13,000,000 Tax Credit Equity for Mortgageable Items (form HUD-92264-A), Supplemental to $5,000,000* Project Analysis, line I.11.b(2):
MAP Guide, March 2021 Go to beginning of Chapter 13
Bookmarked Version Go to Acronym and Abbreviation List, Glossary, Index
Chapter 13 Page 13-1
To return to this page after clicking a link, press ALT + Back Arrow
Chapter 13 Cost Certification 13.2 Projects Exempt from Cost Certification
Go to Table of Contents
Maximum Insurable Mortgage Amount (form HUD-92264-A) $8,000,000 / $13,000,000 = 62%
$8,000,000
Get a plain-English answer with a citation back to this text.
Ask AI about this code