HABITAT FOR HUMANITY OF ORANGE COUNTY (4)

Home Browse Search

4.7.1 Developer shall verify income of prospective Homebuyers and certify the verification to the City. In evaluating prospective Homebuyers, Developer shall consider the following sources of income in order of preference: (i) employment income; (ii) business income; (iii) income from Social Security, Supplemental Security Income (SSI), welfare, disability, or pension payments; and (iv) alimony or child support. To verify income, Developer shall comply with the procedures set forth in Section A-3 of the Administrative Procedures Manual. Subject to the foregoing preferences, Developer shall consider Gross Household Income from all adult Household members, which is anticipated to be received during the 12-month period following the date of the determination of Gross Household Income. Within fifteen (15) days of delivery of the executed Form PSA for a prospective Homebuyer to the City, Developer shall provide City with the Income Verification Form set forth in Exhibit F. 4.8 RESERVED 4.9 Notice of Affordability Restrictions on Transfer of Property. For each sale of an Affordable Unit, Developer and the proposed buyer shall execute and deposit into escrow, a Notice of Affordability Restrictions, in a form substantially similar to Exhibit E, which is attached hereto and must be executed by the parties prior to any transfer of the Property. 4.10 Property Management Plan. Prior to issuance of a Certificate of Completion, Developer shall submit, for the reasonable approval of the City, a "Management Plan" that sets forth in detail Developer's property management duties to operate the Project in accordance with this Agreement, including but not limited to the rules and regulations for the Property and manner of enforcement, an operating budget, the identity and emergency contact information of the professional property manager who will provide property management services for the Property, and other matters relevant to the management of the Property. The Management Plan may include, or be submitted in coordination with, the Emergency Evacuation Plan required under Section 4.11, the Crime Free Housing Plan required by Section 4.12, the Onsite Parking Management Plan required by Section 4.13, and the Marketing and Resident Selection Plan required by Section 4.14. 4.11 Emergency Evacuation Plan. Developer shall submit and obtain approval of an Emergency Evacuation Plan (the EEP) from City Police and Fire Protection agencies prior to issuance of a Certificate of Occupancy. Up-to-date 24-hour emergency contact information for the on -site personnel shall be provided to the City on an ongoing basis and the approved EEP shall be kept onsite and also be submitted to the following City Agencies: (a) Police Department (b) Fire Department (c) Planning and Building Agency (d) Community Development Agency 4.12 Crime Free Housing. Developer shall submit a crime -free housing policy, procedure, and design plan (the "CFH Plan"), which includes the following provisions: (a) Require parking areas to contain security cameras; 15 553 94.00 1 01\42405923.1