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The amount of recaptured funds that is paid by the <br />selling household will be redeposited into the Indian <br />River County Local Housing Assistance Trust Fund for <br />redistribution by the IRCLHAProgram. However, the <br />initial transfer of title for the assisted housing unit <br />between an eligible non-profit organization sponsor and <br />the eligible person(s) shall not be considered the resale <br />of the unit requiring repayment of the loan amount, and <br />applicable interest amount. <br />The Satisfaction of .Mortgage shall be executed upon <br />payment of the original loan/grant principal amount as <br />required by the corresponding IRCLHAProgram Assistance <br />Strategy or Strategies. <br />9. Data Development and Compilation <br />The Community Development Department staff may collect <br />and/or compile data to be utilized in analyzing the <br />efficiency of the IRCLHAProgram, analyzing the need for <br />affordable housing in Indian River County, developing <br />additional assistance strategies for the IRCLHAProgram, <br />or for improving the IRCLHAProgram. <br />10. IRCLHAPlan Compliance Monitoring <br />The IRCLHAProgram shall be conducted in compliance with <br />the Indian River County Local Housing Assistance Plan <br />(IRCLHAPlan) and the requirements of the State of Florida <br />State'Housing Initiatives Partnership (SHIP) Program and <br />Rule 67-37, Florida Administrative Code (FAC). <br />a. The Community Development Department staff shall <br />monitor all activities conducted as. part of the <br />IRCLHAProgram for compliance with the requirements of the <br />IRCLHAPlan and Rule 67-37 FAC.. <br />Upon determination that the IRCLHAProgram will be unable <br />to comply with the requirements of the IRCLHAPlan or Rule <br />67-37 FAC: <br />i. The Community Development Department shall provide <br />written notification, of. non-compliance to the <br />Florida Housing Finance Corporation within ten (10) <br />working days of the non-compliance determination; <br />and <br />ii. Amendment proceedings to revise the IRCLHAPlan <br />shall be commenced within twenty (20) working days <br />of the non-compliance determination in order to <br />reconcile the discrepancy between the requirements <br />of the IRCLHAProgram and the IRCLHAPlan. <br />b. The Community Development Department shall monitor <br />expenditures of funds distributed from the State of <br />W <br />