7.17.1 For Section 223(f)

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 project must be evaluated under two scenarios: a) the “hypothetical market value” of the project without regard to any Section 8 project-based subsidies, rent restrictions, or LIHTC; and b) a debt service analysis must be performed that considers all Section 8 project-based subsidies and other low income rent restrictions. Two independent Section C rent schedules must be prepared, one for a hypothetical market rent estimate and one that recognizes all rent restrictions and subsidies.

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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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