Form HUD-92264-A Supplement to Project Analysis

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commissioner

Supplement to
Project Analysis
Section or Title Number _________________

Valuation Trial

Conditional

Firm

OMB Approval No. 2502-0029
(exp. 10/31/2014)

See last page for Public Reporting burden statement before completing this form

Privacy Act Notice:
The United States Department of Housing and Urban Development, Federal Housing Administration, is authorized to solicit the information requested in
the form by virtue of Title 12, United States Code, Section 1701 et seq., and regulations promulgated thereunder at Title 12, Code of Federal Regulations. While no assurance of
confidentiality is pledged to respondents, HUD generally discloses this data only in response to a Freedom of Information Act request.
Name of Mortgagor (Borrower)

Project Number

Name of Project
Location of Project (street, city & state)

Type of Borrower
Private

Profit

Public

Nonprofit

State or Federal Instrumentality, etc.

Management Coop.

Sales Coop.

Investor-Sponsor

Builder-Seller

Limited Distribution

Type of Project
Rental Housing
Cooperative
Condominium
Capital Advance 202/811

Mobile Home Court
Nursing Home
Intermediate Care Facility
Housing for the Elderly

Board and Care
Single Rm. Occupancy

New Construction
Rehabilitation
Redevelopment
Supplement Loan

Non-Elevator
Elevator
Existing
_______________

I. Determination of Maximum Insurable Mortgage
Criteria
column 1
column 2
1. Mortgage or Loan Amount Requested in Application
$
2. Reserved
$
3. Amount Based on Value or Replacement Cost
0.00
a. Value (Replacement Cost) in Fee Simple
$ _______________ X _____ %
$ _____________
b. (1) Value of Leased Fee
$ _______________
(2) Grant/Loan funds attributable to R. C. items
$ _______________
(3) Excess Unusual Land Improvement
$ _______________
(4) Cost Containment Mortgage Deduction
$ _______________
0.00
0.00 X _____ % $ _____________
(5) Total lines (1) to (4)
$ _______________
c. Unpaid Balance of Special Assessment
$ _____________
0.00
d. Total line b plus line c
$ _____________
e. Line a minus line d
$
4. Amount Based on Limitations Per Family Unit
0.00
a. Number of no Bedroom Units
________ X $ _____________ $ _____________
0.00
Number of one Bedroom Units
________ X $ _____________ $ _____________
0.00
Number of two Bedroom Units
________ X $ _____________ $ _____________
0.00
Number of three Bedroom Units
________ X $ _____________ $ _____________
0.00
Number of four or more Bedroom Units
________ X $ _____________ $ _____________
0.00
b. Cost Not Attributable to Dwelling Use
$ _______ X _____________ % $ _____________
0.00
c. Warranted Price of Land
$ _______ X
_____________ % $ _____________
0.00
d. Total lines a through c
$ ______________
0.00
e. Total Number of Spaces
________ X $ _____________
$ ______________
f. Sum: Value of Leased Fee and Unpaid Balance of Special Assessment(s)
_______________
g. Line d or line e, whichever is applicable, minus line f
_______________ $
5. Amount Based on Debt Service Ratio
a. Mortgage Interest Rate
___________ %
b. Mortgage Insurance Premium Rate
___________ %
c. Initial Curtail Rate
___________ %
0.00 %
d. Sum of Above Rates
___________
0.00
e. Net Income
$ _________ X ___________ %
$ ______________
0.00
f. Annual Ground Rent $ ______________ + Annual Spec. Assmt. $ ____________
$ ______________
g.
h.
i.
j.

Line e minus line f
Line g divided by line d
Annual Tax Abatement
Line h plus line i

Previous editions are obsolete

column 3
_____________
_____________

0.00
_____________

$

0.00
$ ______________
Savings $ ____________

divided by

___________ %

Page 1 of 4

$ _____________
$ _____________
0.00
$ _____________
form HUD-92264-A (03/2010)
ref Handbooks 4480.1 & 4470.1

I. Determination of Maximum Insurable Mortgage (cont.)
Criteria
6. Amount Based on Estimated Cost of Rehabilitation Plus
(i) “As Is” Value, or (ii) Acquisition Cost,
or (iii) Existing Mortgage Indebtedness Against the Property Before Rehabilitation:
a.
b.
c.
d.
e.
f.
g.
h.
i.

Total Estimated Development Cost
Estimated Cost of Off-Site C onstruction
Sum of lines a & b
Grant/Loan funds attributable to R. C. items
Line c minus line d
“As Is” Value of Prop. Before Rehab.
$ ___________ X ___________ %
Existing Mortgage Indebtedness (Property Owned) or Purchase Price of Property (to be Acquired)
Line e plus line f or line g, whichever is less
Line h X _______ %

7. Amount Based on Borrower's Total Cost of Acquisition Section 223(f)
a. Purchase Price of Project
b. Repairs and Improvements, if any
c. Other fees
d. Loan Closing Charges *
e. Sum of lines a through d

column 1

column 2

$ _____________
$ _____________

0.00
$ _____________
$ _____________
$ _____________
$ _____________
$ _____________
$ _____________
$ _____________
$
$
$
$

_____________
_____________
_____________
_____________

0.00
$ _____________

f. Enter the Sum of any Grant/Loan and Reserves for Replacement and
Major Movable Equipment to be purchased as an asset of t he project

$ _____________

g. Line e minus line f
h. Line g X _______ %

$ _____________
$ _____________

8. Amount Based on Sum of Unit Mortgage Amounts

$ _____________

9. Amount Based on Estimated Cost to Borrower
a. Total Estimated Cost (Exclusive of Site and Required Construction Off the Site)
b. Purchase Price of Site
c. Total Cost of Clearing Site, if any
d. Expense of Relocating Occupants, if any
e. Cost of Off-Site Construction, if any
f. Sum of line a through line e
g. Line f
X _______ %

$
$
$
$
$

10. Amount Based on Existing Indebtedness, Repairs, and Loan Closing Charges Section 223(f)
a. Total Existing Indebtedness
$
b. Required Repairs
$
c. Other Fees
$
d. Loan Closing Charges *
$
e. Sum of line a through line d

_____________
_____________
_____________
_____________
_____________

0.00
$ _____________
$ _____________
_____________
_____________
_____________
_____________

0.00
$ _____________

f. Enter the Sum of any Grant/Loan and Reserves for Replacement and
Major Movable Equipment on Deposit

$ _____________

g. Line e minus line f

$ _____________

h. 80% of Value
i. Greater of line g or line h

column 3

$

_________ X80%

$ _____________
$ _____________

11. Amount Based on Deduction of Grant(s), Loan(s), Tax Credit(s) and Gift(s) for Mortgageable items:
$ _____________
a. 100% Project (Replacement) Cost *
$ _____________
b. (1) Grants/loans/gifts
$ _____________
(2) Tax Credits
$ _____________
(3) Value of Leased Fee
$ _____________
(4) Excess Unusual Land Improvement Cost
$ _____________
(5) Cost Containment Mtge Deduction
$ _____________
(6) Unpaid Balance of Special Assessment
$ _____________
(7) Sum of Lines (1) through (6)
0.00
$ _____________
c. Line a. minus line b. (7)
* Project Cost applies to Criteria 7 and 10 under Section 223 (f) and applications pursuant to 223(f). Project Replacement
Cost applies to Section 221 (d) and other Sections of the Act mortgages limited by Replacement Cost.
* Attach format for computing loan closing charges.
Maximum Insurable Mortgage (Lowest of the Foregoing Criteria)
Previous editions are obsolete

Page 2 of 4

$
form HUD-92264-A (03/2010)
ref Handbooks 4480.1 & 4470.1

II. Total Requirements for Settlement
Part A
1. Fees Not to be Paid In Cash
a. BSPRA/SPRA
$
b. Builder's Profit
$
c. Other
$
Total (enter in part B on line 5)
$ 0.00
2. Commitment, Mktg., Fees and Discounts and Escrows
a. Fees
GNMA
$
Other
$
b. Discounts Permanent Loan
$
Construction Loan
$
c. Escrows Debt Service Reserve (Board & Care) $
Other
$
Total (enter in part B on line 9)
$ 0.00
3. Working Capital
a. Working Capital
$
b. Minimum Capital Investment (Sec. 202 & Sec. 811) $
c. Non-Realty Items Not Included in Mortgage
$
Total (enter in part B on line 10)
$ 0.00

Part B
1. a. Development Cost

$

b. Adjustment for Contracted Amounts in
Excess of form HUD-92264 Estimates
(1) Construction Contract
$
(2) Architect's Contract
$
(3) Other
$
c. Total of lines a & b
$
2. Land Indebtedness (or Cash Required for Land Acquisition) $
3. Subtotal (lines 1c + 2)
$
4. a. Mortgage Amount
$
b. Grant/Loan
$
5. Fees Not to be Paid in Cash
$
6. Subtotal (lines 4a + 4b + 5)
$
7. Cash Investment Required (line 3 minus line 6)
$
8. Initial Operating Deficit *
$
9. Commitment, Marketing Fees, Discounts and Escrows $
10.Working Capital
$
11.Offsite Construction and Demolition Costs
($
+$
) $
12.Total Estimated Cash Requirement
(sum of lines 7 + 8 + 9 + 10 + 11)

$

Front Money Escrow, If Any,
(subtract line 6 from line 1)

$

0.00

0.00

0.00

0.00

0.00

* Note: for Section 223(f) cases, attach the format for computing the operating deficit.

III. Source of Funds to Meet Cash Requirements
Source

Funds Available
$
$
$
$
$
$

Total Available Cash for Project

0.00

IV. Recommendations, Requirements and Remarks
Recommend Approval; Subject to Conditions Stated Below, If Any
Recommend Rejection for Reasons Stated Below (if more space is needed, continue on page 4).

Signature of the Mortgage Credit Examiner

x
Previous editions are obsolete

Date

Page 3 of 4

form HUD-92264-A (03/2010)
ref Handbooks 4480.1 & 4470.1

Remarks:

Public Reporting Burden for this project analysis is estimated to average 8 hours per response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not
conduct or sponsor, and a person is not required to respond to, a collection of information unless that collecton displays a valid OMB control number.
This information is being collected under Public Law 101-625 which requires the Department of to implement a system for mortgage insurance for
mortgages insured under Sections 207,221,223,232, or 241 of the National Housing Act. The information will be used by HUD to approve rents, property
appraisals, and mortgage amounts, and to execute a firm commitment. Confidentiality to respondents is ensured if it would result in competitive harm
in accord with the Freedom of Information Act (FOIA) provisions or if it could impact on the ability of the Department’s mission to provide housing units
under the various Sections of the Housing legislation.
Previous editions are obsolete

Page 4 of 4

form HUD-92264-A (03/2010)
ref Handbooks 4480.1 & 4470.1