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I
<br /> EXHIBIT 2
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<br /> Property and Project for no longer than the Total Affordability Term. It is the express intent and
<br /> agreement between the Parties that this Agreement shall remain binding and enforceable against
<br /> the Property, the Project, and the Units to ensure compliance with the Conditional Grant
<br /> Agreement.
<br /> 4.2 Rental of Units. Upon the completion of construction of the Project and receipt by
<br /> Owner of all required permits for the occupancy of the Units, Owner shall rent or cause to be
<br /> rented each Affordable Unit for the Total Affordability Term for such Affordable Unit in
<br /> accordance with the terms and conditions set forth in this Agreement,which provide among other
<br /> terms and conditions for the rental of each Affordable Unit at an Affordable Rent to Qualified
<br /> Residents for the Total Affordability Term.
<br /> 4.3 Occupancy L eyels, Subject to state or federal.laws and regulations,the number of
<br /> persons permitted to occupy each Affordable Unit shall not exceed two persons per bedroom,plus
<br /> one person. For the Shared Mousing units and individual bedrooms, the number of persons
<br /> permitted to occupy each bedroom shall not exceed two persons. No persons may reside outside
<br /> of each individual bedroom, any common area, or otherwise not in a bedroom but within a shared
<br /> housing Unit.If an Eligible Household, during the terns of its tenancy, adds members that exceed
<br /> the maximum occupancy allowed under this section, Owner shall provide written notification
<br /> informing the household that:it is over-occupancy; has been placed on awaiting list for up to one.-
<br /> hundred and eighty(180)days;the expiration date of the waiting list;and the texms for terminating
<br /> the lease. A written status update will be provided to the household at one-hundred and twenty
<br /> (120) days, ninety(90) days, sixty (60)days and thirty (30) days if applicable.
<br /> 4.4 Use of the_Prola-M. All uses conducted on the Property by Owner, including,
<br /> without limitation, all activities undertaken by the Owner pursuant to this Agreement, shall €
<br /> conform to all applicable provisions of the Santa Ana Municipal Code and other applicable federal,
<br /> state, and local laws, rules, and regulations. The Project shall at all times during the term of this
<br /> Agreement be used as an affordable rental housing complex and none of the Affordable Units in
<br /> the Project,nor shall the Property or any portion thereof,ever be used as a hotel,motel,dormitory,
<br /> fraternity or sorority house, rooming house, hospital, nursing home, or sanitarium or rest home.
<br /> All of the community facilities and any social programs provided to the Project's residents shall
<br /> be available on an equal,nondiscriminatory basis to residents of all Units at the Project.
<br /> 4.5 Maintenance. Owner shall, at all times during the term of this Agreement, cause
<br /> the Property and the Project to be maintained in a decent, safe and sanitary manner,regardless of
<br /> cause ofthe disrepair, Owner shall be fully and solely responsible for costs of maintenance,repair,
<br /> addition and improvements. City,and any of its employees, agents, contractors or designees shall
<br /> have the right to enter upon.the Property at reasonable tunes and in a reasonable manner to inspect
<br /> the Project, after providing notice as follows: (i)at least a 2.4Whour notice to Owner and Tenants of
<br /> the Affordable Unit which will be inspected, or(ii)at least 48 hours' notice to Owner,which shall
<br /> promptly give notice to Tenants of the Affordable Unit to be inspected.
<br /> 4.6 Affordable RentalLease A"reement, Owner shall prepare a rental lease agreement
<br /> for the Affordable Unit ("Affordable Unit Lease Agreement") for the Affordable Unit. All
<br /> Affordable Unit Lease Agreements must 1) identify the names and ages of all members of the
<br /> household who will occupy the Affordable Unit; and 2) state that-the Eligible Household's right €
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<br /> 15 —62 5/19/2026
<br /> City Council �
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