7.13.6 Valuation for RAD 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. On RAD 221(d) (4) substantial rehabilitation transactions, the appraiser should use the Commitment to Enter into a Housing Assistance Payments (CHAP) rents along with historical occupancy and operating expenses, if available, to set value.
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Chapter 7 Valuation & Market Analysis 7.13 Substantial Rehabilitation for 220, 221(d)(4), and 231
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