LSHR Toolkit: Keep Records

Keep Records

Grantees must ensure they and participating owners compile records during the process of preparing units for sale. They ensure that all records pertaining to LBP in all pre-1978 units are securely stored and available for inspection and disclosure. Grantees need to double check documentation from sellers to ensure the supporting documentation clearly establishes that all work was done in accordance with LSHR and the HUD Guidelines. Records must be retained for at least three years past the end of any assistance contract, or longer according to the specific rules of the funding program.