7 C.F.R. § 3560.631

Current through October 31, 2024
Section 3560.631 - Agency monitoring

A compliance review and physical inspection will be conducted by the Agency at least once every 3 years. The purpose of this review will be to inspect:

(a) Tenant eligibility documentation;
(b) Financial information on the operation and management of the labor housing, including relevant borrower financial materials;
(c) Payment of taxes, insurance and hazard insurance;
(d) Compliance with the security deposit requirements;
(e) Compliance with the operating plan;
(f) Compliance with the loan agreement;
(g) Compliance with Agency requirements for affordable, decent, safe, and sanitary housing; and
(h) Compliance with civil rights requirements.

7 C.F.R. § 3560.631