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<br />--_.~,~ <br /> <br />,,"V with the con<1it 5 of Cootra~tor', , "1~lti~t' ,fkOLlI\~ """4Iu'h'I'HWlt.S <br /><111<1 procedure" adopted under' sllhsectlOn (A) u1 th15 SectIon XIII t.h,),t; '>,hil11 <br />1,(' applicable lor a period 01 ,even year', [",ginnin'l on the date on wl>\kl~: all <br />the uoiL', 'in the project ar'e completed, <br /> <br />Section XIV, <br /> <br />SLLECTION or PROPOSALS AND EVIDENCE Ot FINANCIAL fEASIBILI1Y, <br /> <br />Before the establishment of a program account on behalf of Contractor under <br />the C/r~1 system is duLhoril.cd by Depart.ment, Contractor shall develop and <br />submit to Department written standards and procedures governing Contractor's <br />selection of proposals of Owner, which include buL are not limited to, (i) <br />the extent to which the proposal represents the efficient use of rental <br />rehabilitation amounts and voucher and certificate dssistance in connection <br />therewith, and (ii) the extent to which the dwell'ing units involved will be <br />adequately maintained and operated with rents at the levels proposed, <br />Moreover, before selection of a proposal by Contractor occurs, Contractor <br />must have evidence demonstrating the financial feasibility of the proposed <br />rental rehabilitation project, inclUding the availability of non-Federal <br />governmental and privdte resources, <br /> <br />PAGE 4 OF 4 <br /> <br />:'r'...'~,;,,'1""'-'I,o", <br /> <br />"'.""J_... <br />