7.13.2 Completing Form HUD-92264
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. Form HUD-92264 must be completed in accordance with basic valuation instructions for Sections 221(d)(4) and 220 processing, with the following modifications:
Development of the “As Is” value must be in accordance with the pertinent requirements of Standards 1 and 2 and the applicable approaches to value. A supplemental form HUD-92264 is not required.
The forms HUD-92273 and HUD-92274 analysis used to support the income and expenses on form HUD-92264 must reflect the “as completed” project conditions that will exist after substantial rehabilitation has taken place.
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Chapter 7 Valuation & Market Analysis 7.13 Substantial Rehabilitation for 220, 221(d)(4), and 231
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A value for the land without improvements must be estimated and entered using the analysis grid in Section H of form HUD-92264.
The “as is” value and the value of the land without improvements must be entered in Section “O” (Remarks) of form HUD-92264.
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