Market Rate GNMA Program: 4.50%
The Construction Monitoring staff monitors the progress of new construction and rehabilitation projects across virtually all LHC programs. The staff reviews the plans and agreements, conducts on-site inspections, and issues status reports to the department(s) within the Agency who administers the funding.
The department makes every effort to conduct site visits, in order to identify issues early and achieve resolution prior to the project being occupied.
The staff inspects to ensure that federal regulations are followed and that all agreements between LHC and the developer/owner concerning construction are met. In the event there are issues or concerns discovered, the staff provides possible solutions and technical advice to the department responsible for that funding program.