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III. USE OF PROPERTY 20 <br /> A. Beneficiaries 20 <br /> B. Period of Affordability 21 <br /> C. Rent Restriction: 21 <br /> D. Designation of HOME Units; Floating Units 22 <br /> E. Qualification as Affordable Rental Housing and Other HOME Provisions 23 <br /> F. Maintenance 24 <br /> G. Taxes, Assessments, and Encumbrances 25 <br /> H. Eligibility for Admission 25 <br /> I. Resident Selection Procedures; Management Plan 25 <br /> J. Lease and Occupancy Procedures 26 <br /> K. Damage/Replacement Charges 27 <br /> L Termination of Lease 27 <br /> M. Management and Maintenance 27 <br /> N. Transfer, Sale, Change of Use, Project Restructuring 28 <br /> IV. FISCAL MANAGEMENT 29 <br /> A. Eligible Costs 29 <br /> B. Payments and Disbursements 29 <br /> C. Budget Revisions and Other Adjustments 31 <br /> D. HOME Award Retainage 32 <br /> E. Repayment of HOME Funds 32 <br /> F. Budget Surplus 33 <br /> G. Required Reserves 33 <br /> H. Use of Income from Operations 34 <br /> I. Insurance 35 <br /> J. HOME Maximum Subsidy Limits 40 <br /> V. RECORDS AND REPORTS 40 <br /> A. Records 41 <br /> B. Reports 43 <br /> VI. ENFORCEMENT OF THE AGREEMENT 46 <br /> A. Disputes 46 <br /> B. Breach by Agency; Termination by County 46 <br /> C. Non-Waiver of Breach 47 <br /> D. Governing Law and Venue Stipulation 47 <br />