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OLIVE CREST (4)
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Last modified
8/12/2025 5:15:03 PM
Creation date
8/12/2025 5:14:24 PM
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Contracts
Company Name
OLIVE CREST
Contract #
A-2025-121
Agency
Community Development
Council Approval Date
7/15/2025
Expiration Date
1/1/1900
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hours' notice to Developer,which shall promptly give notice to Tenants of the Affordable Unit to <br /> be inspected, <br /> 4.7 Affordable Rental Lease Agreement, Developer shall prepare and obtain City's <br /> approval, which approval shall not be unreasonably withheld, conditioned or delayed, of a rental <br /> lease agreement for the Affordable Unit("Affordable Unit Lease Agreement") for the Affordable <br /> Unit. All Affordable Unit Lease Agreements must 1) identify the names and ages of all members <br /> of the household who will occupy the Affordable Unit; and 2) state that the Household's right to <br /> occupy the Affordable Unit is subject to compliance with the Median Income requirements, <br /> adjusted for family size appropriate to the unit,as periodically published by HCD. All Affordable <br /> Unit Lease Agreements must be consistent with the terms contained in this Density Bonus <br /> Agreement. <br /> 4.8 Selection of Tenants. <br /> 4.8.1 Developer shall be responsible for the selection of tenants for the Affordable <br /> Units in compliance with lawful and reasonable criteria and the requirements of this Agreement. <br /> 4.8.2 Local preference for Santa Ana residents and workers in tenant selection for <br /> the Affordable Units shall be a requirement of the Project. Subject to applicable laws and <br /> regulations governing nondiscrimination and preferences in housing occupancy required by the <br /> State of California, the Developer shall give preference in leasing the Affordable Units to <br /> households that live and/or work in the City of Santa Ana or who have an active Housing Choice <br /> Voucher issued by the Housing Authority of the City of Santa Ana or any other Public Housing <br /> Authority. <br /> 4.8.3 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 information 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 /> 4.8.4 Prior to the rental or lease of an Affordable Unit to a tenant(s), Developer <br /> shall require the tenant(s)to execute a written lease and to complete a Tenant Income Verification <br /> Form (in substantially the form attached hereto as Exhibit B) certifying that the tenant(s) <br /> occupying the Affordable Unit is/are an Eligible Household and otherwise meet(s) the eligibility <br /> requirements established for the Affordable Unit. Developer shall verify the income of the <br /> tenant(s) as set forth herein, <br /> 4.8.5 The Developer may rent or lease an Affordable Unit(s) to a nonprofit <br /> organization or an entity affiliated with a nonprofit organization, provided that the nonprofit <br /> organization or entity is required as a condition of that lease (a "Master Lease") to sublease the <br /> Affordable Unit to an Eligible Household. The Master Lease shall be provided to the City,which <br /> shall have thirty (30) days to review and approve, which approval shall not be unreasonably <br /> withheld. Prior to the rental or lease of an Affordable Unit under a Master Lease,Developer shall <br /> t0 <br /> 2130 East Fourth Street Density Bonus Agreement <br /> 55394.00101\43 846773.1 <br />
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