19.5.10.5 Escrow for Completion
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. With respect to all incomplete items, the amount held in escrow for completion must be at least one and one-half (1 ½) times the estimated cost of completion. The amount of any escrow must be sufficient to assure an incentive to complete the work, taking into consideration a possible rise in cost. The escrow will be held by Lender in accordance with the terms of Escrow Agreement for Incomplete Construction
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Chapter 19 Closing Guide 19.6 Requirements for Acquisition/Refinance and Other FHA Insurance Programs
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(form HUD-92456M) (see Section 19.4.12.5) and the RC Director will ascertain that the items to be completed are properly identified by the attachment to the Escrow Agreement for Incomplete Construction.
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