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INCOME COMPUTATIONXERTIFICATION INSTRUCTIONS FOR CORNERSTONE VILLAGE PROPERTY OWNERS Introduction: NOTE TO CORNERSTONE VILLAGE APARTMENT OWNER: This form is designed to assist you in computing Annual Income in accordance with the method set forth in the Department of Housing and Urban Project (HUD) Regulations (24 CFR 813). If requirements change, City of Santa Ana will provide the Cornerstone Village Association with updated instructions. It will be the responsibility of the Association to distribute this update to Owners and the responsibility of Owners to utilize the most recent form of computation. The proceeding income certification form must be filled out entirely by Cornerstone Village apartment Owner for each apartment unit according to the following instructions. This guide is provided to make sure all income is included for each individual over the age of 18 years in each household. Methods used to verify applicants) income: Owner shall make a good faith effort to verify income of each individual over the age .of 18 years in each household 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 of income and/or assets, Tenant Relationship to Owner: If any occupant of the unit is the owner of the rental housing project in which the unit is located or has any family relationship to the Owner; or owns directly or indirectly any interest in the property, this must be reported to the City of Santa Ana Housing Manager. (For these purposes, indirect ownership by an individual shall mean ownership by a family member, ownership by a corporation, partnership, estate or trust in proportion to the ownership or beneficial interest in such corporation, partnership, estate or trustee held by the individual or a family member; and ownership, direct or indirect, by a partner of the individual.) Income Computation Instructions Income information to be provided on the proceeding Cornerstone Village Income Certification Form shall include the total anticipated income for all persons over the age „of 18 years for the 12 month period beginning on the date that tenants move into the unit. The following information should be used to compute the income of each person over 18 years old living in each apartment unit. Exhibit I: 4 of 11