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7.13.8 Interest During Construction

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. Interest during construction for substantial rehabilitation (line 53 in section G of form HUD-92264) must be calculated as the greater of:

  1. By Formula. The amount of the mortgage multiplied by 50 percent, multiplied by construction interest rate, and multiplied by construction years. (Construction Years is the construction time in months from line 52 in section G of form HUD-92264 plus 2 months, then divided by 12).

  2. Lender’s Estimate (optional). The Lender’s estimate of interest during construction must be documented by a pro forma draw schedule or equivalent.

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▸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)

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