24 CFR §200.96 — Certificates of actual cost

fha-24cfr-200-96

HUD / FHA Multifamily · a federal regulation, 24 CFR Part 200, Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.

24 CFR §200.96, Certificates of actual cost. An FHA multifamily program rule in Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects of 24 CFR Part 200 (Introduction to FHA Programs).

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Verbatim regulatory text (3)

Verbatim provisions from 24 CFR §200.96 — Certificates of actual cost — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

24 CFR §200.96(a)

(a) The mortgagor's certificate of actual cost, in a form prescribed by the Commissioner, shall be submitted upon completion of the physical improvements to the satisfaction of the Commissioner and before final endorsement, except that in the case of an existing project that does not require substantial rehabilitation and where the commitment provides for completion of specified repairs after endorsement, a supplemental certificate of actual cost will be submitted covering the completed costs of any such repairs. The certificate shall show the actual cost to the mortgagor, after deduction of any kickbacks, rebates, trade discounts, or other similar payments to the mortgagor, or to any of its officers, directors, stockholders, partners or other entity member ownership, of construction and other costs, as prescribed by the Commissioner.

Source: 24 CFR §200.96(a) · source URL · snapshot 77e8ab3f3695490f

24 CFR §200.96(b)

(b) The Certificate of Actual Cost shall be verified by an independent Certified Public Accountant or independent public accountant in a manner acceptable to the Commissioner.

Source: 24 CFR §200.96(b) · source URL · snapshot 77e8ab3f3695490f

24 CFR §200.96(c)

(c) Upon the Commissioner's approval of the mortgagor's certification of actual cost such certification shall be final and incontestable except for fraud or material misrepresentation on the part of the mortgagor.

Source: 24 CFR §200.96(c) · source URL · snapshot 77e8ab3f3695490f

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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-200-96/ · register fha-24cfr-200-96 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.