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4.2 Verification of Prospective Buyer's Income. In order to verify the prospective Buyer's status as a Moderate Income Household, the Homebuyer shall submit or cause the proposed Buyer to submit to the Agency the identity of the proposed Buyer and adequate information evidencing the income and household size of the proposed Buyer. a. Gross income and net income of the prospective Buyer's household shall be determined in accordance with Health & Safety Code Section 50093 and the provisions of Sections 6914 and 6916 of Title 25 of the California Code of Regulations. The prospective Buyer hall submit a certification that such Buyer is a Moderate Income Household and meets the eligibility requirements established for the Property and that the Property will be sold at an Affordable Housing Cost by Homehu yer to such prospective Buyer. (i) Income information shall be submitted together with the notice of proposed sale in accordance with Section 2 not less than thirty days prior to the opening of escrow for the proposed sale and shall include original or true copies of pay stubs, income tax records or other financial documents in order that the Agency may review the household income of the proposed Buyer to determine whether the proposed Buyer is a Moderato Income Household and whether the Property is to be transferred to such Buyer a t an Affordable Housing Cost. If the Agency is unable to verify Buyer's income as provided herein prior to the proposed sale, then the Buyer's income shall be deemed to exceed the maximum allowable income limit for Eligible Persons and Families. 4.3 Affordable Housing Cost. The Property shall be resold by the Homebuyer to the Buyer at an "Affordable able Hou sing Cost" � that shall mean the pricing for Moderate Households and shall be calculated pursuant to California Health & Safety Code Section 50052.5, the implementing regulations of Sections 6920, 6924 and 6930 of Title 25 of the California Code of Regulations for Moderate Income Households, Release f Affordability. After the Affordability Period Termination Date, the Property shall no longer b e subject to the affordability requirements of this Agreement and the Afford ah le Housing Resale Restriction, and the Homebuyer may sell or transfer the Property to any person, regardless of the person's income status, at the Property's fair market value. Maintenance of Property. The Homebuyer shall maintain the interior o f the Property a in a clean, safe and presentable manner, b consistent with community standards, (c) in a manner which will uphold the value of the Property, d in accordance Srith the maintenance requirements of the Affordable Housing Resale Restriction, in accordance with the Santa Ana Municipal Code and the Uniform Housing Code, and f in accordance with any and all covenants and agreements established by any homeowner's association or other regulatory entity recognized h area property owners. The Homebuyer shall not alloy the Property to accumulate debris, or allow inoperable or abandoned vehicles on the Property, or alloy any other unsightly or dangerous conditions on the Property. The covenants for the maintenance of the Property shall run with the Property and shall remain in effect until the Affordability Period Termination Date. The Homebuyer and the Agency shall execute and record the Affordable Housing Resale R t ri ti o n against the Property in the Official Records of Orange County, California. The Homebuyer also agrees to comply with all applicable federal, state and local laws. ATTACHMENT NO. 11 -1 Form of Homebuyer Loan Agreement DO11 4b73v 14/200272 -O 1