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V. Compliance Agreement and Security Instrument <br />The county's Impact Fee/capacity charge Loan shall <br />be secured by a mortgage in favor of Indian River <br />County. This mortgage may be subordinated to <br />construction and/or permanent mortgages applied to <br />the same unit upon approval of the IRCLHAProgram <br />Review Committee. This mortgage shall serve as the <br />eligible recipient's contractual commitment to <br />comply with the requirements of the IRCLHAProgram. <br />d. Applicant Selection Criteria <br />Applications are reviewed based on a first come first <br />reviewed basis, and applicants are chosen per the <br />following criteria as described in section III.D.4. of <br />this plan. <br />• Income Eligibility <br />• Employment Verification <br />• Asset Verification <br />• Homebuyer Status <br />• Credit Verification <br />OW <br />