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i J verification with this requirement shall be conducted on an annual basis . For units receiving principal financing from a financial institution , payment of property taxes will be made through an escrow account . iii . Owner and Eligible Person Occupancy Verification Occupancy requirement shall be consistent with provision identified for each assisted strategy . Compliance verification with this requirement shall occur as needed . b . Non - compliance Notification The owners of housing units found not in compliance with the required IRCLHAProgram and Strategy requirements shall be notified that the unit has been found " not in compliance " and if the non - compliance status is not corrected within thirty ( 30 ) working days , the housing unit may be subject to foreclosure under the subordinate mortgage compliance agreement at the discretion of the Board of County Commissioners based upon the recommendation of the IRCLHAProgram Loan Review Committee . For housing units found to be chronic or repeat non - compliance units , the IRCLHAProgram shall have the authority to foreclose upon the housing units and take possession of the units from the owner . Chronic or repeat non - compliance shall be considered more than two ( 2 ) non - compliance findings in one year , or more than three ( 3 ) non - compliance findings all together . 8 . Assisted Housing Unit Resale The resale of housing units assisted by the IRCLHAProgram will require coordination, with Indian River County , and satisfaction of the mortgage or subordinated mortgage held by Indian River County . The resale of owner - occupied housing units assisted by the IRCLHAProgram shall be subject to repayment of the full loan amount . The payment of the principal loan amount shall be consistent with provisions identified for each assistance strategy . 60