2011-192 Housing - Community Home Trust, Inc. for the Orange County HOME Program

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County and/or State and Federal agencies deem necessary to assure a proper accounting for all HOME Program funds. (2) The CHDO shall provide the County with information necessary for it to complete the Consolidated Annual Performance and Evaluation Review report and other reports required by HUD. (3) The CHDO shall provide an annual audit report performed in compliance with OMB Circular A-133. (4) The CHDO shall allow the County to conduct monitoring and evaluation activities as determined necessary by the County and HUD. (5) The CHDO shall keep a fully executed copy of this Agreement and a copy of the HOME regulations on file in their place of business at all times. (6) The CHDO shall keep all documents used to determine their status as a Community Housing Development Organization as defined under 24 CFR Part 92 current and available for inspection by the County for the duration of this Agreement. G. ENFORCEMENT OF THE AGREEMENT: (1) The CHDO shall provide a means of enforcement of the affordable housing requirements that may include liens on real property, deed restrictions or covenants running with the land. (2) The affordability requirements on rental housing in 24 CFR 92.252 must be enforced by deed restrictions. (3) As specified above, the CHDO shall repay its award of HOME funds in full to the County if the housing does not meet affordability requirements for the specified time period. H. REQUESTS FOR DISBURSEMENT OF FUNDS: (1) The CHDO shall request disbursements of HOME Program funds only at the time funds are needed to pay eligible costs. (Requested funds are limited to the amount needed to cover these costs and which can be expended within 10 days from the date funds are disbursed to the County from the US Treasury.) (2) From time to time, but not more than once each month, the CHDO may submit to the County a request for reimbursement of operating expenses for the preceding calendar month, if applicable. (3) The County shall reimburse the CHDO in an amount approved by the County within fifteen (15) calendar days after receipt of a request for reimbursement, except for conditions beyond the County's control.