Mobile Search Icon
Header Image for Print
Multifamily Rental Project Closing Documents:

HUD has issued a 60-day Federal Register notice to commence the Paperwork Reduction Act (“PRA”) notice and comment renewal process for the Multifamily Rental Closing Documents set to expire this year (2017), which fall under OMB approval no. 2502-0598. The Notice can be accessed from the following link: https://www.gpo.gov/fdsys/pkg/FR-2017-09-05/pdf/2017-18742.pdf.

This website presents the revised Closing Documents in redline/strikeout format against the existing Closing Documents (2014) so that industry participants and interested members of the public can identify the proposed changes to the documents. As described in the Federal Register notice, there is a newly proposed Subordination Agreement to be used for private secondary lenders, and the two separate Residual Receipts Notes are proposed to be combined into one form. Please follow the procedures described in the Federal Register notice to submit comments on any of the Closing Documents to HUD. 

NOTE: The documents published below are not to be used for any closings-this posting is for informational purposes only in accordance with the PRA.  

  Documents included in 2017 PRA for 2502-0598
1.  91070M - Consolidated Certification - Borrower -Redline.docx
2.  91071M - Escrow Agreement Off-site Facilities - Redline.docx
3.  91073M - Survey Instructions and Report - Redline.docx
4.  91710M - Residual Receipts Note (Nonprofit Borrowers).docx
5.  91712M - Residual Receipts Note (Limited Dividend Borrowers).docx
6.  91725M - Opinion of Borrower's Counsel - Redline.docx
7.  91725M-CERT - Exhibit A to Opinion of Borrower's Counsel - Redline.docx
8.  91725M-INST - Instructions To Opinion of Borrower's Counsel - Redline.docx
9.  92023M - Request for Final Endorsement of Credit Instrument - Redline.docx
10.  92070M - Lease Addendum - Redline.docx
11.  92223M - Surplus Cash Note - Redline.docx
12.  92408M - HUD Amendment to AIA B108 - Redline.docx
13.  92412M - Escrow Agreement Working Capital - Redline.docx
14.  92414M - Escrow Agreement Latent Defects - Redline.docx
15.  92420M - Subordination Agreement - Public - Redline.docx
16.  92434M - Lender's Certificate - Redline.docx
17.  92441M - Building Loan Agreement - Redline.docx
18.  92442M - Construction Contract - Redline.docx
19.  92450M - Completion Assurance Agreement - Redline.docx
20.  92452A-M - Payment Bond - Redline.docx
21.  92452M - Performance Bond - Redline.docx
22.  92455M - Request for Endorsement of Credit Instrument - Redline.docx
23.  92456M - Escrow Agreement Incomplete Construction - Redline.docx
24.  92464M - Request for Approval of Advance of Escrow Funds - Redline.docx
25.  92466M - Regulatory Agreement - Redline.docx
26.  92476.1M - Escrow Agreement Deferred Repairs - Redline.docx
27.  92476aM - Escrow Agreement Operating Deficits - Redline.docx
28.  92476M - Agreement to Sponsor Additional Funds - Redline.docx
29.  92477M - Bond Guaranteeing Sponsors' Performance - Redline.docx
30.  92478M - Borrower's Oath - Redline.docx
31.  92479M - Off-site Bond - Redline.docx
32.  92554M - Supplement to Construction Contract - Redline.docx
33.  92907M - Subordination Agreement - Private - New Form.docx
34.  92908M - Residual Receipts Note - Redline.docx
35.  93305M - Agreement and Cert - Redline.docx
36.  94000M - Security Instrument - Redline.docx
37.  94001M - Note - Redline.docx