Which of the following is NOT a characteristic of the HUD Handbook 4350.3?

The HUD Handbook 4350.3, which deals primarily with the administration of various multifamily housing programs, includes several key characteristics. One of the fundamental aspects of this handbook is its broad applicability across multiple multifamily housing programs rather than being restricted to just a select few. This foundational aspect helps ensure that the guidelines and policies it covers can be utilized in various contexts, thus supporting a wide range of stakeholders involved in multifamily housing.

The handbook indeed contains rules governing eligibility, which ensures that the programs are accessed by those who qualify. Additionally, it provides interpretations and guidance to help property managers, owners, and other stakeholders understand and implement these rules effectively. Moreover, the handbook is organized by program function, facilitating user navigation through its comprehensive provisions. Therefore, the characteristic that limits the handbook to apply only to select multifamily programs does not align with its actual scope and functionality. This makes it clear why that is not a correct portrayal of the HUD Handbook 4350.3.