Agency monitoring.

CFR · 2024-01-01 · US · Title 7

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.

official document · source cfr-2024 · id 7:§ 3560.631