JAMBOREE HOUSING CORPORATION - Laserfiche WebLink

Home Browse Search

condition cannot reasonably be cured within thirty (30) days, in which case Developer shall have such additional time as reasonably necessary to complete such cure, the City may perform the necessary maintenance and Developer shall pay all reasonable costs incurred for such maintenance. The City shall inspect the Property annually after the date of issuance of the Certificate of Completion as described in Article 17 of this Agreement. During the affordability period, the Property must meet all applicable State and local codes. The Property must be free of all health and safety defects during the affordability period. 7.6 Obligation to Refrain from Discrimination. Developer covenants and agrees for itself, its successors, its assigns and every successor in interest to the Property or any part thereof, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, mental or physical disability, marital status, ancestry or national origin in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property nor shall Developer itself or any person claiming under or through him establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Property. The foregoing covenants shall run with the land and shall remain in effect for the term of the Agreernent. 7.7 Increase in Rent and Occupancy Restrictions anon Termination of Rental Subsidies. The parties acknowledge that Developer is only able to rent units to Extremely Low Income Households because the City is providing 75 Housing and Urban Development Veterans Affairs Supportive Housing (HUD-VASH) Project -Based Vouchers for Permanent Supportive Housing ("VASH Vouchers"). In the event the VASH Vouchers expire, terminate, are not renewed or are reduced for any reason other than a default by Developer under the VASH Vouchers, then the occupancy requirements for all of the units, other than the 2 HOME Assisted Units shall automatically increase to 60% of the Area Median Income and the Affordable Rent shall increase to Affordable Rents for households earning 60% of the Area Median Income in accordance with the rent limits set forth by the California Tax Credit Allocation Committee (TCAC for households earning 60% of the Area Median Income.. 7.8 CHDO Provisions. Developer shall maintain CHDO (Community Housing Development Organization) status for the term of this Agreement and the HOME Regulatory Agreement in accordance with 24 CFR 92. Developer agrees to provide information as may be requested by the City to document its continued compliance, including but not limited to an annual board roster and certification of continued compliance. Any funds advanced as CHDO pre -development funds must be in compliance with 24 CFR 92.301, and are forgivable only under the terms in 24 CFR 92.301. Any funds advanced to Developer as CHDO Operating Expenses must be expended in compliance with 24 CFR 92.208. Any funds that Developer is permitted to retain as CHDO proceeds from this Project shall be used in compliance with 24 CFR 92.300(a)(2) or as specified in this Agreement. Developer will create and follow a tenant participation plan, as required in 24 CFR 92.303. 14