SECTION 202 AND SECTION 811- DEVELOPMENT TEAM REFERENCE GUIDE
For Project Development and Preservation
Richard Silverblatt Associates, Inc.
Preparation of the Owner's Progress Requisition
At the HUD Initial Closing, the owner submits Form HUD-92403-CA, Requisition for Disbursement of
Funds, for the first draw down of funds to cover items that HUD allows to be paid at that time. (Click on
Preparation of the Owner's Initial Requisition for details).
During the construction period, the owner submits a Requisition Form HUD-92403-CA periodically to
HUD following a requisition meeting at the construction site or to draw down funds not related to a
contractor's request for progress payments.
Title Continuation Letter
Attached to the form must be a current letter from the title company, commonly called "a contin",
stating that the title is free of any mechanics liens or other impediments which would prevent the title
company from insuring the title on this project. The letter must be dated not more than ten days prior
to the date of the signed Requisition and the title letter must bear an original signature. Any deviation
from this must be cleared by Mortgage Credit at HUD.
What is Included
The total from the Contractor's Requisition, Form HUD-92448, is included here as a line item. Usually, a
progress invoice is also submitted by the project architect for construction supervision. Other invoices
to be submitted on the requisition may include for example engineering fees for testing and
inspection, title fee for a continuation report, property taxes incurred after the HUD initial closing date,
housing consultant fee for services during construction, startup and marketing expenses, and furniture
in the common area of the project. Approved amounts for necessity change orders are to be included,
but it is recommended that they be put on a separate requisition form in the event that there is a delay
in obtaining a HUD approval for the completion of change order work.
New: For projects that have a Fund Reservation letter dated from 2012 or later, HUD requires that the
Owner include the LOCCS Voice Response Voucher for Grant Payment, Form HUD-27053 along with
the Form HUD-92403-CA cited above. All Owners who are required to use LOCCS must now register
with eLOCCS so the requests for payment will be done electronically and not by a phone call. Click
here for information on conversion to and registering in eLOCCS. In some cases, for earlier fund
reservations, the LOCCS/VRS form is required if the firm commitment was submitted to HUD after a
specific date. Confirm with HUD to determine whether this form will be required for pre-2012 projects.
Where to send the Requisition
The Requisition, one original, is to be submitted to: Shevon Smith, Project Manager, U.S. Department
of Housing and Urban Development, 26 Federal Plaza, Room 3200, New York, NY 10278-0068.
Mixed Finance Procedures-Mixed Finance projects will submit requisitions to HUD in accordance with
an approved Construction Coordination and Disbursement Plan. The Plan spells out in detail the
requisiitons that must be prepared for review by HUD, the role of other funding entities during the
requisition process and how the funds will flow from requisition to payment.