3.2.4 Substantial Rehabilitation Transactions
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. Substantial Rehabilitation transactions finance repairs and rehabilitation of existing properties that are or have been previously occupied. (Conversions of a non-residential to residential use are also included and may be financed as substantial rehabilitation). Projects in which construction of above ground improvements was started but not completed or inhabited are not eligible. The definition of
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Chapter 3 Programs 3.2 New Construction/Substantial Rehabilitation Program Requirements
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substantial rehabilitation is based on a per unit threshold for the cost of rehabilitation. See Chapter 5, Section 5.1.4.
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