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HUD Servicing HB

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HUD Handbook 4350.1
Multifamily Asset Management and Project Servicing

HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing, is the primary handbook used by Field Office Loan Management multifamily staff in carrying out their asset management and loan servicing responsibilities in monitoring and assisting owners/managing agents to maintain projects in good physical and financial condition.  The Office of Multifamily Housing Management administers most of the program activities discussed in this handbook, but the Office of Elderly and Assisted Housing has responsibility for administering direct loan and capital advance programs for the elderly and disabled.

This handbook provides general guidance for most of the tasks associated with HUD's involvement in the affairs of multifamily projects.  The main focus of this handbook is on the HUD/mortgagor/managing agent relationship, while other handbooks listed at the end of this Chapter provide more specific guidance for most of the tasks associated with HUD's involvement in the activities of     multifamily projects.  The chapter is divided into four sections.  Section One gives a general description of certain goals, responsibilities, and relationships.  Section Two reflects changing concepts that have occurred in the housing industry and describes HUD Field Offices' role in loan servicing and asset management in general terms.  Section Three combines the concepts developed in Sections One and Two and adds a discussion of project residents in the context of asset management.  Section Four outlines the new organization of HUD Handbook 4350.1 and mentions other references used by HUD multifamily management staff.

I can provide you with a copy of the Handbook on a CD-ROM in Acrobat Reader Format. The Handbook consist of over 774 pages. You will be able to search the Handbook by "topics" or  "keyword" using Adobe Reader.

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Contact me  by phone 301-277-3465 or by email at and I can discuss the status of your project.

Date Updated: 03/26/2021 05:13:00 AM