Laserfiche WebLink
D ItA M" <br /> reasonable times and in a reasonable manner to inspect the Project, after providing notice as <br /> follows: (i) at least a 24-hour notice to Developer and Homebuyer of the Affordable Unit which <br /> will be inspected, or(6) at least 48 hours' notice to Developer, which shall promptly give notice <br /> to Owners of the Affordable Unit to be inspected. <br /> 4.6 Preparation and Recordation. of Transfer Documents. Developer shall prepare <br /> and obtain City's approval, which approval shall not be unreasonably withheld, conditioned or <br /> delayed, of the.Affordable Housing Resale Restrictions,the City Promissory Note,the City Deed <br /> of Trust, and the Notice of Affordability Restrictions, for each Affordable Unit to Eligible <br /> Households required by Section 3 of this Agreement. Developer shall not sell an Affordable Unit <br /> unless and until the City has reviewed and approved the Homebuyer as an Eligible.Household for <br /> the purchase of the Affordable Unit, and the Homebuyer has executed and submitted to the <br /> Program Director, in recordable form,the Affordable Housing Resale Restrictions,the.City Deed <br /> of Trust, and the Notice of Affordability Restrictions, and the approved financing for the <br /> Homebuyer, including the executed City Promissory Note. <br /> 4.7 Selection of Homebuyers. <br /> 4.7.1 Developer shall be responsible for the selection of Homebuyers for the <br /> Affordable Units in compliance with lawful and reasonable criteria and the requirements of this <br /> Agreement. <br /> 4.7.2 In selecting Hotaiebuyers for the Affordable Units, Developer shall apply a <br /> preference for Santa Ana residents and workers. Subject to applicable laws and regulations <br /> governing norxdiscrimin.ation and preferences in housing occupancy required by the State of <br /> California,the Developer shall give preference in transferring the Affordable Units to households <br /> that live and/or work in the City of:Santa Ana or who have an active Housing Choice Voucher <br /> issued by the Housing Authority of the City of Santa.Ana or any other Public Housing Authority. <br /> 43.3 All applicants for Affordable Units will be, screened and "lotterized." A <br /> waiting list will be created from a lottery generated from the initial pool of rental applications. <br /> The waiting list will track applicant name and contact information, lottery number(or designated <br /> number after the initial lottery), household income, household size,status of application, and any <br /> other inforimation deemed necessary. The waiting list will be maintained as an electronic file and <br /> available for audit by the City of Santa Ana in accordance with resident selection procedures as <br /> set forth herein. <br /> 4.7.4 Prior to the sale of an Affordable Unit, Developer shall require the <br /> Homebuyer to execute a written purchase sale agreement substantially similar to the Form PSA, <br /> and a written certification from the Homebuyer verifying compliance with the requirements for an <br /> Eligible household and all other eligibility requirements established for the Affordable Unit. <br /> Developer shall verify the income of the Homebuyer as set forth herein. <br /> 4.8 Income Verification and Certification. Developer shall verify income of <br /> prospective Homebuyers and certify the verification to the City. In evaluating prospective <br /> Homebuyers,Developer shall consider the following sources of incorne in order of preference: (i) <br /> employment income; (ii) business income; (iii) income from Social Security, Supplemental <br /> Page 14 <br /> 553 94.0010 VA342 3340.1 <br /> I <br />