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EXHIBIT D <br /> 1.1.27 "Low Income Household" means a Household whose income does not <br /> exceed eighty percent(80%)of the area median income for the Orange County, California PMSA, <br /> adjusted for actual household size, as published by HCD, and in accordance with the definition of <br /> "low-income household" set forth in SAMC § 41-1901 and California Health and Safety Code § <br /> 50079.5. <br /> 1.1.28 "Notice of Affordability Restrictions" means the notice of affordability <br /> restrictions to prospective buyers, which shall have a term of at least forty-five (45) years, in the <br /> form attached hereto as Exhibit E. <br /> 1.1.29 "Program Director" has the day-to-day authority for making <br /> determinations related to the Administrative Procedures Manual. The Program Director will be <br /> appointed by the Executive Director for the City's Community Development Agency. <br /> 1.1.30 "Project" means that certain affordable residential development as more <br /> particularly described in Recital B and Section 2 of this Agreement. <br /> 1.1.31 "Property" means that certain real property more particularly described in <br /> the legal description in Exhibit A and improvements thereon, including each Affordable Unit. <br /> 1.1.32 "Regulatory Agreement"means this Affordable Housing Agreement and <br /> Declaration of Covenants and Restrictions. <br /> 1.1.33 "State Density Bonus Law" means Government Code sections 65915, et <br /> seq., as they exist on the Effective Date. <br /> 1.1.34 "Supportable Mortgage" means the mortgage amount that can be <br /> supported by a Low Income Household based on the Affordable Housing Cost calculations. The <br /> mortgage calculation is based on the prevailing market interest rate for a 30-year fully amortizing <br /> mortgage with a fixed interest rate. The Supportable Mortgage shall be determined in accordance <br /> with the City's Administrative Procedures Manual, provided that it should be determined for a <br /> Low Income Household consistent with the requirements of this Agreement and State Density <br /> Bonus Law. <br /> 1.1.35 "Unit" means a residential dwelling unit within the Project to be <br /> constructed or caused to be constructed by Developer pursuant to this Agreement. <br /> 1.2 Exhibits. The following documents are attached to, and by this reference made a <br /> part of, this Agreement: <br /> 1.2.1 Exhibit A: Legal Description of the Property <br /> 1.2.2 Exhibit B: Affordable Housing Resale Restrictions <br /> 1.2.3 Exhibit C: City Deed of Trust <br /> 1.2.4 Exhibit D: City Promissory Note <br /> 1.2.5 Exhibit E: Notice of Affordability Restrictions <br /> 1.2.6 Exhibit F: Income Verification Form <br /> 1.2.7 Exhibit G: Certification of Continued Occupancy <br /> 7 <br /> 55394.00101\42405923.1 <br />