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►_IN <br />EXHIBIT 1 <br />The remaining unit will be a 2-bedr00111 unit reserved lor the un ire manager, <br />The affordable rents charged at the Project trust Comply with the <br />standards set forth by California Tax Credit Allocation Committee <br />(TCAC). Notwithstanding anything to the contrary contained in this <br />Agreement, the Affordability Restrictions on Transfer of Property, and <br />other than HOME assisted units, restriered (as to both incomee and rent <br />levels) at 30% of AMI, in the event of a foreclosure, or delivery of deed in <br />lieu of f(NeCIOSLire, of any Senior Loan, then the (1) the maximum <br />qualifying tenant household income shall be increased to 60% of Area <br />Median Income adjusted for family size appropriate to the Unit, and (2) the <br />maximum anneal atfoidable rent shall be iuercased to 30'% of 60'%, of <br />Area Median Income, as adjusted for family Si7c appropriate to the unit. <br />2. Section 3.1, Use Covenants and Restrictions, in Exhibit B, Affordability <br />Restrictions on Transtcr of Property, of said CDBG Loan Agreement sliall be. <br />,intended to replace the Assisted Units matrix with the following: <br />Affordabilitv Levels/Unit Mix: <br />The Projcet's unit mix and levels ofaflbrdability arc as Ibllows: <br />Unit Size <br />10% AMI <br />35% AMI <br />50% AMI <br />60% AMI <br />total <br />l Bcdroom <br />15 <br />6 <br />5 <br />-- <br />26 <br />2 Bedroom <br />2 <br />7 <br />5 <br />14 <br />3 1 Wroom <br />4 <br />-- <br />-- <br />13 <br />17 <br />Total <br />21 <br />6 <br />12 <br />1R <br />57 <br />3_ The last senlence of Section 6.1(b) shall be deleted and replaced with the <br />following: <br />"This Agreement, the lnclusiomny Promissory Note, lnclusionary Deed of Trust, <br />CDTIG Promissory Note, and the ('DRG Deed of Trust steal I all be subordinate to <br />any Senior Loan Note and Senior Loan Deed of Trust, and to the AHSC Loan <br />Documents. The CDBG Promissory Note, and the CDBG Deed of Trust shall be <br />subordinate to that certain SN11P Loan in the tact amount of Two Milltoo Thrce <br />I Iundred Sixty -Two "thousand Iwo I lundred Fifteen and No/100s Dollars <br />($2,362,215) made by California Housing Finance Agency to Borrower (he <br />"SNTTP Loan"). The Tnclusionary Promissory Notc, TnClusionary Dccd of Trust, <br />any Senior Loan Note. and Senior Loan Deed ofTrust, and the AHSC Loan <br />Documents will remain senior to any documents evidencing the SN11P Loan." <br />4. Exhibit 1), CDBG Promissory Note, of said CDHG Loan Agreement shall be <br />amended to delete the definition of "City Share" in iu entirety and replacee with <br />the following: <br />City Council 29 — 7 6/15/2021 <br />