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All approved and denied applicant files for the NSP CDBG rental program shall be kept and maintained at the office ( s) of the selected non-profit or for profit organizations , and those files shall be available for county review when requested . Any organization(s) chosen through a request for proposal process to purchase , rehabilitate , own and manage NSP acquired rental properties must have at minimum of five ( 5 ) years experience in the management of federal or state funded rental properties . Each NSP rental property will be purchased by one of the selected non-profit or for profit organizations . On each rental property purchased and rehabilitated with NSP funds , the local government will place a deed restriction . The deed restriction placed on the rental property; will require that the property remain affordable during the fifteen ( 15 ) year period to the specified Area Median Income (AMI) group that it is targeted to . The deed restriction will be for a period of fifteen ( 15 ) years and will prohibit transfer of the property from the non-profit organization . If the terms of the deed restriction are violated , the total amount of NSP funds expended for the property shall be due and payable . All rents will be affordable based upon the tenant ' s income and HUD ' s Annual Fair Market rent limits . Transfer of title from one non-profit or for-profit entity to another non-profit or for-profit entity , for essentially the same uses and purposes as the originally intended uses and purposes , will not constitute a violation of the deed restriction . All requirements placed on the original non- profit or for-profit entity shall flow down to any qualified subsequent non-profit or for-profit entity of NSP properties . The non-profit or for-profit entity desiring to transfer title to another non-profit or for- profit entity must obtain approval of the transfer from the Indian River County Board of County Commissioners a minimum of sixty (60 ) days prior to transfer of title . The qualified subsequent purchaser must become a named party to the Agreement between Indian River County and the original non-profit or for-profit entity . 3 . ACQUISITI ®N PURCHASE ASSISTANCE With respect to the acquisition purchase assistance strategy, a notice will be place in a newspaper with local circulation advising all local owners of foreclosed or abandoned properties , including tending institutions , of the availability of the NSP program and of the local government ' s intent to purchase foreclosed, abandoned , blighted and deed in lieu of foreclosure properties . By utilizing information obtained from the County Clerk ' s office , information obtained from Realty Trac , information obtained from various financial institution web sites , and information provided by the owners of eligible properties , the local government will compile a pool of eligible properties . A request for proposals will be published to solicit local non- profit and for profit organizations that wish to assume the role as sub -recipients or developers in the local 9