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<br />ineligible manner. Repayment of HOME funds is required if the housing does not meet <br />the affordability requirements for the HOME Period of Affordability. <br /> <br />6. Books and Records. The Owner shall maintain records of its grant requirements under <br />this contract for a period of not less than five (5) full fiscal years following the contract <br />completion date. <br /> <br />a. The Owner shall ensure access to records and financial statements, as necessary, to <br />provide effective monitoring and evaluation of project performance. Additionally, <br />The Owner shall submit a copy of its annual audit to the County. <br /> <br />b. Upon reasonable advance notice, County or its authorized representatives may from <br />time to time inspect, audit, and make copies of any of The Owner records that relate <br />to this contract. If any audit by County discloses that payments to The Owner were <br />in excess of the amount to which The Owner was entitled under this contract, The <br />Owner shall promptly pay to County the amount of such excess. If the excess is <br />greater than 1% of the contract amount, The Owner shall also reimburse County its <br />reasonable costs incurred in performing the audit. <br /> <br />c. The Owner shall maintain files of all tenants, regardless of length of occupancy, <br />residing in assisted unit. Documentation shall verify eligibility for federal assisted <br />housing at the point of initial tenancy and every subsequent year thereafter for the <br />period of affordability. Information maintained shall include: tenant income level; <br />name of family members; ethnic data; family type – e.g. female head of household; <br />disability status; and monthly rent. <br /> <br />d. The Owner shall maintain records verifying the affordability of the dwelling unit. <br /> <br />7. Notices. Any Notice shall be in writing and shall be given by depositing the same in <br />the United States mail, post-paid and registered or certified, and addressed to the party <br />to be notified, with return-receipt requested, or by delivering the same in person to an <br />officer or principal of such party. Notice deposited in the mail in the manner here in <br />above described shall be effective upon mailing. For purposes of Notice, the addresses <br />of the parties shall, unless changed as hereinafter provided, be as follows: <br /> <br />a. To the County: Orange County <br />c/o Housing and Community Development Department <br /> P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> ATTN: Director <br /> <br />b. To Owner: EmPOWERment, Inc <br /> 109 N. Graham Street <br /> Chapel Hill, NC 27516 <br /> ATTN: Chair, Board of Directors <br /> <br />DocuSign Envelope ID: 48DDB7F3-249B-44E9-A965-4AB2E5C0F864