HUMPHRIES, VALERIE R. - Laserfiche WebLink

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Income Tenant shall continue to be treated as though they were a Low -Income Tenant even if such person's or family's income later rises to a level that exceeds that limit. (e) Initial Income Certification. Immediately prior to the occupancy of each unit by a new tenant after the effective date of these declarations, Owner shall obtain, as outlined in the OPA for the Property current income certification statements for the person or persons who will occupy the unit. Owner shall make a good faith effort to verify each income certification statement provided by an applicant for tenancy or by a tenant by taking one or more of the following steps as part of the verification process: (a) obtain a pay stub for the most recent pay period, (b) obtain an income tax return for the most recent tax year, (c) conduct a TRW credit or similar search, (d) obtain income verification from the applicant's or tenant's current employer, (e) obtain an income verification form from the Social Security Administration and/or the California Department of Social Services if the applicant receives assistance from either of such agencies, or (f) if the applicant is unemployed and/or has no such tax return, obtain another form of independent verification. Owner shall provide a copy of each such income certification statement to the City within one month of tenant occupancy along with a statement identifying the rent being charged for occupancy. Owner shall maintain a tenant file with any necessary background information regarding tenant certification as well as other information used for the certification form. Information shall be made available to the City upon request. City shall maintain list of tenants and current rent levels as provided by Owner. (d) Form of Lease. The form of lease or rental agreement for each rental unit, shall be agreed upon by the Association Board of Directors Owner agrees that all tenant lease agreements must contain a non-discrimination clause and conform with State and Federal laws regarding the provision of fair housing. Owner further agrees that all prospective tenants will be notified that Owner has relied on the income certification supplied by the tenant in. determining income -qualification for occupancy, and that any material misstatement in such certification will be cause for immediate termination of such lease or rental agreement. (e) Annual Report. Owner acknowledges that Agency, pursuant to Health and Safety Code Section 33418, is required to (a) monitor, on an on -going basis, any Agency program for housing affordable to persons and families of low or moderate income, and (b) as part of that monitoring, require owners and/or managers of that housing to submit an annual report to Agency. On an annual basis, Agency shall provide list of tenants and current rent levels to Owner for verification. Owner agrees to verify Agency records and return signed form within one month of receiving form. If records are inaccurate, then Owner must bring current all information. 3.2 Apartment Use. Each Parcel and Unit shall be used only for private apartment dwelling purposes, with appurtenant facilities including tenant and community service centers, and for no other purposes. EXHIBIT E: Page 8 of 24