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EXHIBIT 2 <br /> EXHIBIT "B" <br /> Project Description /Scope of Work <br /> The Project includes the rehabilitation of 2 two-story residential buildings that were previously <br /> utilized by The Lovers of the Holy Cross Sisters as a convent. The Developer will convert the two <br /> residential buildings into eleven (11) rental units comprised of two (2) one-bedroom units, seven <br /> (7) two-bedroom units, and two (2) three-bedroom units. One (1) one-bedroom unit and seven <br /> (7) two-bedroom units will be restricted to homeless TAY at or below 30% of the Area Median <br /> Income ("AMI"). The two (2) three-bedroom units will be structured as shared housing for <br /> homeless senior citizens at or below 50% of the AMI. One (1) one-bedroom unit will be <br /> unrestricted and reserved for an on-site manager. The Project's unit mix and rent restrictions are <br /> as follows: <br /> Bedroom Size 30%AMI 50%AMI Manager's Total Units <br /> (PSH) (PSH) Unit <br /> One-Bedroom (TAY) 1 <br /> Two-Bedroom (TAY) 7 <br /> One-Bedroom 1 <br /> Three-Bedroom (Senior) 2 <br /> TOTAL 8 2 1 11 <br /> The Developer proposes to construct an Accessory Dwelling Unit ("ADU") on the Site. The ADU <br /> will be used as office space for supportive services and programming functions. An existing <br /> preschool building is also located on the Site. The Developer proposes to work with Head Start <br /> to renovate and operate the preschool space. <br /> As proposed, there is no enlargement of the apartment buildings and no increase in the <br /> number of units as originally constructed. Moreover, the overall scope of work includes the <br /> proposed conversion of an existing storage shed into an ADU with two bedrooms. <br />