Appendix 2 Quality Control Plans and Identity of Interest
A.3.1.2 Refinance/Acquisitions
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.3.1.2 Refinance/ |
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|---|---|---|---|
| Refinance/ |
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| SOAs | 223(f) Refinance | 223(f) Acquisition |
223(a7) |
| Minimum # of Units | 5 | 5 | 8 for Section 231, 5 for all other programs |
| Criterion 2 | N/A | Original principal amount of the existing insured mortgage that is to be refinanced (or the sum of the original principal amount of all mortgages to be refinanced if two or more mortgages on one single property are being refinanced). |
|
| Criterion 3 (maximum % of value) |
90% -Projects with 90% or greater rental assistance. 87% -Projects meeting the Affordable Housing Definition and have achievable rents 10% below market rents. 85% -Market rate projects or LIHTC projects without a significant rent advantage (i.e., the achievable rents are at least 10% below market.) |
N/A | |
| Criterion 4 (Statutory Limit on Loan Amount per unit) |
Where percentages are required, enter the same percentage applied under Criteria 3. See Chapter 8, Section 8.10.1.A for complete details and the Multifamily Housing website for the latest high cost |
N/A |
MAP Guide, March 2021 Go to beginning of Appendix 3
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Appendix 3 Program Specifications and Limitations A.3.1 Specifications and Limitations by Program
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