HOPWA Record Requirements Sample Clauses

HOPWA Record Requirements. During the HOPWA Term all records maintained by Borrower pursuant to this Agreement for the HOPWA Units are to be (i) maintained in compliance with all applicable HUD records and accounting requirements (including those set out in 24 C.F.R. 574.450 and 24 C.F.R. 574.530), and (ii) open to and available for inspection and copying by HUD and its authorized representatives at reasonable intervals during normal business hours; provided however, records pertaining to Tenant income verifications, Rents, and Development inspections are subject to HUD inspection for five (5) years after expiration of the HOPWA Term. Borrower is subject to the audit requirements set forth in 24 CFR 574.650 during the HOPWA Term.
Sample 1
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