Appendix 2 Quality Control Plans and Identity of Interest
A.3.5.3 Resident Relocation Budget and Escrow
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. An acceptable relocation plan must provide accurate costs of the relocation. These costs are then included in the loan and used to establish a relocation budget. The relocation plan and budget must align with the approved relocation and construction schedule and both must be attached to the Relocation Escrow Agreement (see Appendix 3, Section A.3.6).
B. Adequate budgets will ensure that the Lender will have enough funds to perform the planned relocation should the owner fail to perform and prevent construction delays. Establishing accurate timing and amount of costs of relocation is critical because if the relocation escrow becomes unbalanced or proves insufficient to cover costs, the owner must fund any shortfall.
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Appendix 3 Page A3-13
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Appendix 3 Program Specifications and Limitations A.3.6 Tenant Relocation Escrow Agreement (guide form)
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