3.2.5 Cost Certification

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. The Borrower must submit a cost certification prepared by an independent Certified Public Accountant (CPA) upon completion of construction or substantial rehabilitation. The mortgage amount that is finally endorsed for insurance after completion of construction can be reduced based upon HUD review of the cost certified amounts. General Contractors or subcontractors are required to submit a cost certification if a cost-plus construction contract is used or there is an identity of interest with the Borrower. See Chapter 13, Section 13.1 and Section 13.1.B for cost certification exceptions for Low Income Housing Tax Credit projects.

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸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)

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.