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19.4.12.7 Escrow Agreement of Sponsor to Furnish Additional Funds (Form HUD-92476M)

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. For Insurance Upon Completion Projects, HUD may require the assurance of funds to meet an Operating Deficit in the form of a Sponsor Escrow (in the form of cash or irrevocable letter of credit) or a Sponsor Bond (in the form of a surety bond). The Sponsor must complete Agreement of Sponsor to Furnish Additional Funds (form HUD-92476M), and the Sponsor and Surety must complete Bond Guaranteeing Sponsor’s Performance (form HUD-92477M). See Chapter 12, Section 12.16.C.7.

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▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

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