Annual Report and Audit. a. Borrower shall file an annual report with the Department no later than ninety (90) days after the end of each Fiscal Year for the Development. The report shall be in such form and contain such information as required by the Department. b. As part of the annual report, the Borrower shall submit an audit of the Development prepared by an independent certified public accountant in accordance with Department audit requirements, as specified in the Department’s Audit Handbook, titled “Audited Financial Statements for Multifamily Rental Housing”, published June 2013, as periodically updated. c. The report must specifically identify the number of units rented to the elderly. The report must also specifically identify the number of units rented to military veterans.
Appears in 11 contracts
Samples: Regulatory Agreement, Regulatory Agreement, Regulatory Agreement
Annual Report and Audit. a. Borrower shall file an annual report with the Department no later than ninety (90) days after the end of each Fiscal Year for the Development. The report shall be in such form and contain such information as required by the Department.
b. As part of the annual report, the Borrower shall submit an audit of the Development prepared by an independent certified public accountant in accordance with Department audit requirements, as specified in the Department’s Audit Handbook, titled “Audited Financial Statements for Multifamily Rental Housing”, published June 2013, as periodically updated.
c. The report must specifically identify the number of units rented to the elderly. The report must also specifically identify the number of units rented to military veterans.
Appears in 2 contracts
Samples: Regulatory Agreement, Regulatory Agreement
