NORTH BROADWAY HOUSING PARTNERS LP (C/O OF JAMBOREE AND WISEPLACE)

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4.18 Onsite Parking Management Plan. Developer has agreed to provide twenty (20) ofsite parking stalls for residents and visitors of the Project and actively monitor the parking demand of the Project site. Developer shall continually monitor and take commercially reasonable measures to manage the parking demand of the Project site - to mitigate the use of offsite parking spaces on private or public properties and/or right-of-way. Prior to issuance of the Certificate of Occupancy, Developer shall submit and obtain approval from the Planning and Building Agency of a Parking Management Plan (the "PMP") to address the parking demands of the Project. The approved PMP shall be adhered to and be enforced by the Project at all times. 4.19 Marketing and Resident Selection Plan. Each Affordable Unit shall be leased to Eligible Households selected by Developer who meet all of the requirements provided herein. Prior to Certificate of Occupancy, Developer shall prepare and obtain City's approval of a marketing program and resident selection plan for the leasing of the Affordable Units at the Project ("Marketing Program"). The leasing of the Affordable Units shall thereafter be marketed in accordance with the Marketing Program as the same may be amended from time to time with City's prior written approval. Upon request, Developer shall provide City with periodic reports with respect to the leasing of the Housing Units. 4.19.1 The Marketing Program shall include, but is not limited to, marketing and community outreach activities, proposed tenant selection criteria, occupancy standards, income requirements, timeline and details for outreach and marketing, data collection, record keeping and monitoring, procedures for complaints, and compliance assessment. Components of the resident selection plan shall include, but are not limited to, the application process, interview procedure, apartment offer and assignment, rejected applications, and wait list management. All requirements set forth herein shall be incorporated in the Marketing Program. 5. EFFECT OF LOSS OF PROJECT SUBSIDY AND/OR FORECLOSURE It is anticipated that the Project will be supported by various subsidy programs, including, without limitation, Project -Based Section 8 rental subsidy payments, and a capitalized operating subsidy reserve (collectively with any other subsidies committed to the Project as of the Effective Date, the "Project Subsidy"). Notwithstanding anything to the contrary contained in this Agreement, if, during the "Density Bonus Housing Agreement Term" (as defined in Section 6 below), (i) any portion of the Project Subsidy is reduced, terminated or not renewed, through no fault of Developer, such that the Project Subsidy as it exists as of the Effective Date is no longer available (or available in a lesser amount) then the Developer may request approval of the City (any such request, an "Affordability Adjustment Request") to (a) allow persons and families whose income does not exceed sixty (60%) of the area median income for the Orange County, California PMSA, adjusted for household size, as published by HCD ("60%Households") to rent and occupy some or all of the Affordable Units (any such Affordable Units, the "Adjusted Affordable Units"), and (b) to increase the rent on the Adjusted Affordable Units to rents that are affordable to 60% Households, pursuant to Health and Safety Code section 50053(b). 15 9138-126780\1517029.2