9.5.2.3 Mortgage Credit
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 HUD Underwriter shall determine escrow, performance and bond payment requirements. The cost of the mitigation work based upon the estimated cost from the contractor may be included in the insured loan. The amount of the escrow or bond shall be at least 150% of the total of the estimated cost of the mitigation work. The cash requirements for the escrow or bond, and the Lender and Mortgage Credits procedures for administering the escrow, shall be in accordance with existing closing instructions in the Chapter 19 of the MAP Guide. Higher escrow or bonding requirements will be necessary if Multifamily Regional staff and/or the REO/FEO determine that there is a greater than average risk that unforeseen problems may arise, resulting in increased cost based on previous experience with similar
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Chapter 9 Environmental Review and Requirements 9.5 HUD Responsibilities when Projects Require Remediation
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work and/or research through local environmental remediation contractors about their experience in containing the cost within their stated estimate.
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