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1 . If the purchasing household is not <br /> verified to be either a very low , or low <br /> • income household , then the selling <br /> household shall be subject to providing a <br /> cash payment of the original loan amount <br /> and applicable interest , to the Indian <br /> River County Local Housing Assistance <br /> Trust Fund . <br /> 2 . If the purchasing household is verified <br /> to be either a very low , or low income <br /> household , then the selling household <br /> shall not be required to provide any <br /> payment . <br /> 5 . For projects utilizing the provision of on - <br /> site or off - site affordable dwelling units , no <br /> certificate for occupancy for a market rate <br /> priced dwelling unit shall be issued unless <br /> the ratio of market rate dwelling units <br /> certified for occupancy to affordable dwelling <br /> units certified for occupancy is equal to or <br /> greater than the overall project ' s approved <br /> ratio of market rate dwelling units to <br /> affordable dwelling units . <br /> 6 . Prior to the issuance of a certificate of <br /> • occupancy for the affordable dwelling unit ( s ) , <br /> a separate private deed covenant , entitled a <br /> " restriction on transfer " , shall be filed in <br /> the public records of Indian River County . <br /> The covenant shall be subject to review and <br /> approval by county staff in order to verify <br /> compliance with the requirements of this <br /> section , and the covenant shall : <br /> 1 . Identify the subject unit as an <br /> affordable dwelling unit and specify that <br /> at no time may the identified unit be <br /> utilized as a model home , construction <br /> office or other non - residential occupancy <br /> use ; and <br /> 2 . Identify the units corresponding fifteen <br /> or twenty year affordability timeframe ; <br /> and <br /> 3 . Identify that the initial owner and each <br /> subsequent owner of an owner - occupied <br /> affordable dwelling unit must satisfy and <br /> comply with the re - sale provision of the <br /> county ' s local housing assistance plan ; <br /> and <br /> 69 <br />