HUD has now completed the updating of the Multifamily Rental Project closing documents.  This publication of the documents concludes the notice and comment processes required by the Paperwork Reduction Act, and the Office of Management and Budget has assigned the documents an OMB control number.  The final versions of the documents are now available on HUDclips. 

The official versions on HUDclips are to be used in closing transactions and they are form fillable (Microsoft Word versions). 

Use of the final approved closing documents, now be available on HUDclips, are mandatory with respect to Multifamily mortgage loans for which HUD issues a firm commitment for mortgage insurance on or after September 1, 2011. 

This website provides the documents in redline/strikeout form so that industry and interested members of the public can see the final changes made in response to public comment to the December 22, 2010, notice. A few documents did not have major changes following public comment and redlined versions were not made for them.

The final rule amending certain regulations to correspond to changes in the Multifamily closing documents is published in the May 2, 2011, Federal Register.  HUD also published a notice in the May 2, 2011, Federal Register that announced HUD’s completion of the updating of the Multifamily rental project closing documents and summarized key changes made to the documents in response to public comment.

Federal Register

	May 2, 2011 - Final rule
	May 2, 2011 - Notice

Closing Documents

	Assignment of Rents and Security Agreement - PDF Redlined
	Note - PDF Redlined
	Regulatory Agreement MF projects - PDF Redlined
	Lender's Certificate - PDF Redlined
	Building Loan Agreement - PDF Redlined
	Building Loan Agreement Supp - PDF Redlined
	Construction Contract - PDF Redlined
	Construction Contract Supp - PDF Redlined
	Guide for Opinion of Counsel - PDF Redlined
	Counsels Opinion Instructions - PDF Redlined
	Exhibit A - Counsels Opinion - PDF Redlined
	Residual Receipts Note Nonprofit Mortgagor
	Residual Receipts Note Limited Dividend Mortgagor
	Escrow Agreement for Incomplete Construction - PDF Redlined
	Request For Final Endorsement - PDF Redlined
	Lease Addendum - PDF Redlined
	Surplus Cash Note
	Completion Assurance - PDF Redlined
	Payment Bond - PDF Redlined
	Performance Bond Dual Obligee - PDF Redlined
	Surveyors Report - PDF Redlined
	Survey Instructions Report - PDF Redlined
	Request Approval Advance of Escrow Funds - PDF Redlined
	Escrow Agreement Noncritical Deferred Repairs - PDF Redlined
	Additional Funds Agreement - PDF Redlined
	Operating Deficit Escrow - PDF Redlined
	Sponsors Bond
	Offsite Bond
	Latent Defects Escrow  PDF Redlined
	Working Capital Escrow - PDF Redlined
	Agreement and Certification - PDF Redlined
	Request For Endorsement - PDF Redlined
	Borrowers Oath
	Subordinate Financing Agreement - PDF Redlined