Housing Hope HCS-15-42-1213-198(1) 7/25/2016

reserves, and other such information as may be required by the City to determine the financial condition and financial viability of the project. Such report shall be prepared in accordance with the requirements of the City; b. A description of any substantial physical defects in the Project, including a description of any major repair or maintenance work undertaken in the reporting year; and c. The occupancy of the Project, indicating: 1) Each tenant's annual income, family size and composition, race, length of tenancy, and actual monthly rent paid; 2) A rent roll to demonstrate that rents for the City's HOME-Assisted units comply with the HOME rent limits and do not result in undue increases from the previous year; 3) Records demonstrating the Agency's efforts to comply with its Fair Housing Marketing and Equal Opportunity Plan; 4) The number of residents actually occupying the Project; 5) The number of assisted households earning at or below 30% of median income, between 30% and 50% of median income, and between 50% and 80% of median income; 6) General management performance, including tenant relations and other relevant information; 7) A description of any fiscal or Program difficulties related to the operation of the Project consistent with the Program requirements; 8) The Agency shall provide information to the City regarding unit substitution of HOME assisted "floating units", and filling vacant HOME-assisted units; and 9) Any Owner certifications required by the City to certify compliance with the terms of this Loan Agreement. 4. Other Reporting Requirements a. Each such report shall be subject to the approval of the City. b. The City may perform or cause to be performed audits of any and all phases of the Agency's activities related to the Project. At the City's Amended HOME Loan Agreement Housing Hope's Kennedy Court Improvement Project Page 44 of 53