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I <br /> EXHIBIT 2 <br /> 1.1.17 "Median Income" means the Orange County, California <br /> area median income, adjusted for family size appropriate to the unit pursuant to <br /> California Health and Safety Code§ 50052.5(h),as periodically published by HCD. <br /> 1.1.18 "Monthly Rent" means the total of monthly payments for: <br /> (a) use and occupancy of each Affordable Unit and land and facilities associated <br /> therewith; (b) any separately charged fees or service charges assessed by Owner ' <br /> which are required of all tenants, other than security deposits or application fees; <br /> (c) a reasonable allowance for an adequate level of service of utilities not included <br /> in(a) or(b) above, including garbage collection, sower, water, electricity, gas and <br /> other heating,cooking and refrigeration fuels, but not including telephone or cable <br /> service,to the extent applicable and charged to tenant; and,(d)possessory interest, <br /> taxes or other fees or charges assessed for use of the land and facilities associated <br /> therewith by a public or private entity other than Owner. In the event that certain <br /> utility charges are paid by the landlord rather than the tenant, no utility allowance <br /> shall be deducted from the rent for that type of utility charge, <br /> 1.1.19 "Project"-means that certain affordable residential housing <br /> Project as more particularly described in Recital B and,Section 2 of this Agreement, <br /> i <br /> 1.1.20 "Property" means that certain real property more <br /> particularly described in the legal description in Exhibit A and improvements <br /> thereon. <br /> 1.1.21 " i <br /> Qxas�lified Sen><or(s) means any person over the age of�i2 ; <br /> who qualities as "homeless" within the meaning of Section 578.3 of 24 C.I.R. § <br /> 578.3, and whose Gross Income does not exceed the limit for a Very Low Income <br /> Household. <br /> 1.1.22 "QUalii'ied Homeless Youth" means any person between <br /> the age of eighteen (18) and twenty four (24) who qualifies as "homeless"within <br /> the meaning of Section 578.3 of 24 C.F.R. § 578.3, and whose Gross Income does <br /> not exceed the limit for an Extremely Low Income Household. Qualified Homeless <br /> Youth include unaccompanied youth who are pregnant or parenting. <br /> 1.1.23 "Qualified ResideJnt(s)" means Qualified Seniors and <br /> Qualified Homeless Youth. <br /> 1.1.24 "Term" means tho period during which this Agreement <br /> shall be in full force and effect, as provided for in Section 6.1 below. <br /> 1.1.25 "Unit" means a residential dwelling unit within.the Project <br /> to be constructed or caused to be constructed by Owner pursuant to this Agreetent. <br /> i <br /> 1.1.26 "Unrestricted Unit" means the manager's unit referenced <br /> in Section 2.3. <br /> I <br /> i <br /> I <br /> City Council 16 — 57 5/19/2026 <br /> I <br /> J <br />