Compliance Monitoring. Subrecipient must be subject to compliance monitoring during the period of performance in which funds are Expended and up to three years following the closeout of all funds. In order to assure that the program can be adequately monitored, the following is required of Subrecipient: a. Subrecipient must maintain a financial tracking system provided by Florida Housing that ensures that CRF funds are Expended in accordance with the set-aside requirements, deadlines, and other requirements in this agreement. b. Subrecipient must maintain records on all awards to Eligible Persons or Sponsors. These records must include, but are not limited to: i. Proof of income compliance; ii. Proof of homeownership; iii. Proof of use of FEMA proceeds; iv. Documentation of all required inspections including mold remediation and wood destroying organisms; v. Documentation of any required remediation; vi. Certificate of Occupancy; vii. Placed in Service documentation; viii. Proof of contract or eligibility; ix. Documentation of payments made on the award; and x. Documentation of the value/sales price of the unit, as applicable.
Appears in 21 contracts
Samples: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement
Compliance Monitoring. Subrecipient must be subject to compliance monitoring during the period of performance in which funds are Expended and up to three years following the closeout of all funds. In order to assure that the program can be adequately monitored, the following is required of Subrecipient:
a. Subrecipient must maintain a financial tracking system provided by Florida Housing that ensures that CRF funds are Expended in accordance with the set-aside requirements, deadlines, and other requirements in this agreement.
b. Subrecipient must maintain records on all awards to Eligible Persons or Sponsors. These records must include, but are not limited to:
i. Proof of income compliance;
ii. Proof of homeownership;
iii. Proof of use of FEMA proceeds;
iv. Documentation of all required inspections including mold remediation moldremediation and wood destroying organisms;
v. Documentation of any required remediation;
vi. Certificate of Occupancy;
vii. Placed in Service documentation;
viii. Proof of contract or eligibility;
ix. Documentation of payments made on the award; and
x. Documentation of the value/sales price of the unit, as applicable.
Appears in 2 contracts
Samples: Subrecipient Agreement, Subrecipient Agreement
Compliance Monitoring. Subrecipient must be subject to compliance monitoring during the period of performance in which funds are Expended and up to three years following the closeout of all funds. In order to assure that the program can be adequately monitored, the following is required of Subrecipient:
a. Subrecipient must maintain a financial tracking system provided by Florida Housing that ensures that CRF funds are Expended in accordance with the set-set aside requirements, deadlines, and other requirements in this agreement.
b. Subrecipient must maintain records on all awards to Eligible Persons or Sponsors. These records must include, but are not limited to:
i. Proof of income compliance;
ii. Proof of homeownership;
iii. Proof of use of FEMA proceeds;
iv. Documentation of all required inspections including mold remediation and wood destroying organisms;
v. Documentation of any required remediation;
vi. Certificate of Occupancy;
vii. Placed in Service documentation;
viii. Proof of contract or eligibility;
ix. Documentation of payments made on the award; and
x. Documentation of the value/sales price of the unit, as applicable.
Appears in 2 contracts
