Orange County NC Website
Browse       Search
date or until the last of the housing units that are part of the Project is sold to a nonqualified <br /> buyer, whichever first occurs. <br /> i. EmPOWERment shall ensure access to records and financial statements, as <br /> necessary, to provide effective monitoring and evaluation of project performance. Upon <br /> reasonable advance notice, County or its authorized representatives may from time to <br /> time inspect, audit, and make copies of any of EmPOWERment's records that relate to <br /> this contract. If any audit by County discloses that payments to EmPOWERment were in <br /> excess of the amount to which EmPOWERment was entitled under this contract, <br /> EmPOWERment shall promptly pay to County the amount of such excess. If the excess <br /> is greater than 1% of the contract amount, EmPOWERment shall also reimburse County <br /> its reasonable costs incurred in performing the audit. <br /> ii. EmPOWERment shall maintain files of all buyers, regardless of length of <br /> occupancy, residing in assisted units. Documentation shall verify eligibility for federal <br /> assisted housing, at the point of initial closing on the unit, and every subsequent buyer <br /> thereafter for the period of affordability. Information maintained shall include buyer <br /> income level, ethnic data, female head of household, and disability status and Property <br /> and Improvement purchase price. <br /> iii. EmPOWERment shall maintain records verifying the affordability of the assisted <br /> units. <br /> d. Notices. Any Notice shall be in writing and shall be given by depositing the same <br /> in the United States mail, post-paid and registered or certified, and addressed to the party to be <br /> notified, with return-receipt requested, or by delivering the same in person to an officer or <br /> principal of such party. Notice deposited in the mail in the manner here in above described shall <br /> be effective upon mailing. For purposes of Notice, the addresses of the parties shall, unless <br /> changed as hereinafter provided, be as follows: <br /> i. To the County: Orange County <br /> c/o Housing and Community Development <br /> Department <br /> P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> ATTN: Director <br /> ii. To EmPOWERment: EmPOWERment, Inc. <br /> 109 N. Graham Street, Suite 200 <br /> Chapel Hill,NC 27516 <br /> ATTN: Executive Director <br /> Either the County or EmPOWERment may change the person or address to which any future <br /> Notice shall be given as herein provided. <br /> 5 <br />