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:
Tenant eligibility documentation;
Financial information on the operation and management of the labor housing, including relevant borrower financial materials;
Payment of taxes, insurance and hazard insurance;
Compliance with the security deposit requirements;
Compliance with the operating plan;
Compliance with the loan agreement;
Compliance with Agency requirements for affordable, decent, safe, and sanitary housing; and
Compliance with civil rights requirements.
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