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R R <br /> 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 /> 18 <br />