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title for the assisted housing unit between an eligible <br />non-profit organization sponsor and the eligible <br />person(s) shall not be considered the resale of the unit <br />requiring repayment of the loan amount, and applicable <br />interest amount. <br />The Satisfaction of Mortgage shall be executed upon <br />payment of both the original loan/grant principal amount <br />and its applicable accrued interest as required by the <br />corresponding IRCLHAProgram Assistance Strategy or <br />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 9I-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 9I-37 FAC. <br />Upon determination that the IRCLHAProgram will be unable <br />to comply with the requirements of the IRCLHAPlan or Rule <br />9I-37 FAC: <br />i. The Community Development Department shall provide <br />written notification of non-compliance to the <br />Florida Housing Finance Agency 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 />47 <br />