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Multifamily Document Reform Implementation Frequently Asked Questions

Escrow Agreement for Incomplete Construction

(If you have additional questions about this document, please submit it to MultifamilyDocumentReview@hud.gov)

 

  1. What are the criteria for disbursement agreements and sources and uses?

 

 

1.  What are the criteria for disbursement agreements and sources and uses?

Criteria for disbursement of each escrow agreement are detailed in the text of each escrow agreement itself.  Additionally, the sources of such funds (i.e. whether the escrow is to be in the form of cash, a letter of credit, or a bond) are additionally detailed in the text of each escrow agreement.

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