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B 1 <br /> V , Compliance Agreement and Security Instrument <br /> The county ' s impact fee / capacity charge grant shall <br /> be secured by a mortgage in favor of Indian River <br /> County . This mortgage shall serve as the eligible <br /> recipient ' s contractural commitment to comply with <br /> the requirements of the IRCLHAProgram . This <br /> mortgage will be satisfied after termination of the <br /> unit ' s affordable classification timeframe ( 10 <br /> years ) . <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 /> 14 <br />