LSHR Toolkit: Keep Records

Keep Records

Grantees and nonprofits must ensure they and participating owners compile records during the process of preparing units for rent, leasing the units and maintaining them. They ensure that all records pertaining to LBP in all pre-1978 units are securely stored and available for inspection and disclosure. Grantees, property owners, and managers, as appropriate, need to double check documentation to ensure the supporting documentation clearly establishes that all work was done in accordance with the LSHR and 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.