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<br />B. Prior to the time Contractor agrees to provide rental rehabilitation <br />funds to an Owner for an identifiable rehabilitation project, Contractor <br />shall execute a legally enforceable agreement, containing remedies adequate <br />to enforce its provisions. with the Owner under which the Owner agrees to <br />comply with the conditions of Contractorts affirmative marketing requirements <br />and procedures adopted under subsection (A) of this Section XIII that shall <br />be applicable for a period of seven years beginning on the date on which all <br />the units in the project are completed. <br /> <br />Section XIV. <br /> <br />SELECTION OF PROPOSALS AND EVIDENCE OF FINANCIAL FEASIBILITY. <br /> <br />Before the establishment of a program account on behalf of Contractor under <br />the CIMI system is authorized by Department. Contractor shall develop and <br />submit to Department written standards and procedures governing Contractor's <br />selection of proposals of Owners which include but 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 assistance in connection <br />therewith. and (ii) the extent to which the dwelling 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 private resources. <br /> <br />PAGE 4 OF 4 <br />