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All applicants will be required to complete a pre- approval application and provide all requested back up documentation required to determine their program eligibility . When requested , the applicant shall provide any additional and updated information to document changes in household income and/or composition . Prior to the closing on each housing unit, the homeownership sub- recipient shall provide a list of qualified applicants for purchase of the resale housing units to the CATF and Indian River County Board of County Commissioners . The CATF and Board of County Commissioners will review the list of potential homebuyers to ensure a Conflict of Interest does not exist with anyone on the list . All program beneficiaries who will be purchasing housing units will be required to attend , at a minimum, 8 hours of approved credit counseling . The credit counseling shall be provided by a HUD certified organization prior to final approval of the beneficiary through the NSP Program . General Provisions There will be no acquisition or rehabilitation of mobile homes , modular homes or other forms of manufactured housing with NSP dollars under this program . All recipients of properties purchased under the local NSP program will be required to provide proof of insurance at closing and maintain homeowners insurance including, at a minimum , fire , liability, causality and , theft insurance . The owners of all properties purchased with NSP funding that are located in a flood zone must provide proof of flood insurance at closing and maintain flood insurance for the life of the mortgage . All required insurance policies must be maintained for the length of time that the mortgage with the local government is in effect . Developers will be allowed a developer ' s fee (maximum of 12 % of the line item activity budget) and Sub- recipients will be allowed the actual cost for : 1 . Marketing the property ; 2 . Finding and qualifying applicants for purchase or rental of the property 3 . Assisting prospective home buyers in obtaining fixed rate mortgages . 4 . Working with local government staff and the consultant to verify that all grant requirements are being adhered to . 5 . Providing for the maintenance of the property during the period of time that the property is owned by the sub- recipient or developer . 6 . Assisting the applicant with the home buying process . 1 . REHABILITATI ®N STANDARDS Neighborhood Stabilization Program funds will be utilized to purchase foreclosed, abandoned , deed in lieu of foreclosure , blight properties and/or other financially 4