The agency or its designated agent will have access to all books, accounts, records, reports, files and other papers or property of grantees pertaining to funds provided through the program for the purposes of making surveys, audits, examinations, excerpts and transcripts.

The grantee is responsible for obtaining, and paying for, an independent audit of the expenditure of grant funds. The audit is to be conducted in accordance with guidelines prescribed by the agency which the agency may permit to be part of any other independent audit obtained with respect to the affordable housing project.

The agency or its designated agent may undertake such further or additional audits as it finds necessary or appropriate.