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0:cuRIM <br />11.16 Records and Reports. Developer shall maintain and from time to time <br />submit to City such records, reports and information as the Executive Director may <br />reasonably require in order to permit City to meet the record keeping and reporting <br />requirements required of it pursuant to 24 CFR 92.508. <br />11.17 Uniform Administrative Requirements, Cost Principles, and Audit <br />Requirements for Federal Awards. Developer shall comply with the requirements and <br />standards of 2 CFR 200. <br />11.18 Conflict of Interest. Developer shall comply with and be bound by the <br />conflict of interest provisions set forth at 24 CFR 570.611, as well as state regulations <br />pertaining to conflict of interest. <br />11.19 Monitoring. Developer shall allow the City to conduct periodic <br />inspections of the HOME assisted units on the Property as required by the Program after <br />the date of construction completion, with reasonable advance written notice. Developer <br />shall cure any defects or deficiencies found by the City while conducting such <br />inspections within two weeks of written notice thereof, or such longer period as is <br />reasonable within the sole discretion of the City. <br />11.20 Recertification of Tenant Income. <br />(A) Developer shall take all necessary steps to review the income of all tenants <br />prior to renting to them, as well as reviewing current tenants on an annual basis, <br />in accordance with HOME regulations and guidelines. Every fifth (51) year, <br />Developer shall require new original income documents to be submitted by <br />tenants. Tenants in HOME assisted units whose incomes no longer comply with <br />federal income guidelines shall have their rents adjusted in accordance with <br />federal HOME guidelines (24 CFR 92.252-92.253). <br />(B) HOME assisted units continue to qualify as affordable housing despite a <br />temporary non-compliance caused by increases in the incomes of existing tenants <br />if actions satisfactory to HUD are being taken to ensure that all vacancies are <br />filled in accordance with this section until the non-compliance is corrected. <br />11.21 Other HOME Program Requirements. Developer shall comply with all <br />other applicable federal regulations and requirements of the HOME Program. <br />11.22 Controlling Covenants. If there is a discrepancy between State and <br />Federal law with regard to any of the aforementioned covenants, the more stringent shall <br />apply. <br />11.23 Faith Based Activities. To the extent applicable to the Project, in <br />accordance with 24 CFR 92.257, Developer will comply with the restrictions on the use <br />of HOME funds for faith based activities as set forth in Section 92.257. <br />22 <br />