Laserfiche WebLink
fib} The Agency acl?no??rledes that a buyer of ? rnar'l?et dousing Unit <br />nay elect at?d pay fo?4 x?pgrades or ilnpro?ernents that are not included in the plrrchase price for ? <br />Ha??sing Ul?it of tl?e same size and rrrociel at?d tl???s not x?ecssarlly included rn a corresponding <br />Affordable For?Sale Unit, b??t >?othil?g its the foregoing ackno?vledlnent rnodl?es or lessens the <br />De?eloper`'s obligation to pr'avide fir+s? q?r?iit?? Affordable Fir,»?l Hnlt ? described ??a?e, <br />4???? a?itr?rirYl Sal PrIG, Developer covenants and agrees that each of tl?e <br />Affordable Por`-Sale Units shall be sold at an Affordable Housing ?ast? Tl?e Developer <br />acl??o?vledges and agriees that such calculation may require it to ad??lst the sales price far each <br />Affordable For?Sale U???t ire order` tliat tl?e c??ln«lative s?lms of file Horr?ebuyer Assistance Load, <br />?.oi??ebuyer's do?il payment, and proceeds of first ! ie?? a?•e adeq??ate to purcliase such unit iii <br />light of tl?e statuto??y ??eq??irernerits that the Monthly ?-Ia?rir? host ari payment faro such r???lt does <br />not exceed tl?e Affordable Houil?g Est as calculated as of the anticipated date of sale of each <br />Affordable >?or`-Sale i?it? <br />4U?,3 Affoi?da??e orlsilig esa7e Restr?ef?o1?, 'The Homebuyer of each <br />Affordable Fot•?ale gnat shall be obligated to enter` into and execute the Harnebuyer Loa?? <br />Agreelnei?t, ??lilcl? 111Cludes the requirement to pay a antinent Equity ?lal`c Alno?r?t 1? file <br />Affordable For`-Sale Unit is slot Bald to Eligible Persons a??d Fa?rrilies, and such atlrer' <br />documentation as tl?e Agency ?•easozxably req??ir`es. Tl?e Homebtlyer` Lawn Agreement shall <br />provide for a forty?five X45} ?ea?• affordability period {the "Affordability Period's}, and shall <br />pei`rnit tl?e sale of the Affordable For Sale unit for a price in excess of that at??c?'4?rse permitted <br />b? tl?e Hoineb??yer Loan Agreement prior to the end of the Affo?•dabllity Period upon the <br />payment of an equity shar`ll? al??out?t to tl?e Agency ??hicl? permits the seller` to retain a partial <br />ofthe sale proceeds <br />?D??? lectloll of ?Ll?'?Iis; ?Vlar?etiil aid u?r?eae?r Marl. The Developer <br />shall provide tl?e Agency ???itlr a copy of its N?arl?etit?g and ?ut?•eacl? Flan ??l?icl? shall set for`?h <br />ha?v the Developer plans to provide ???terested l?o??sel?olds ?vrtl? lrlfor'rnatlarl about the Affordable <br />For`-Sale Units. Tl?e Developea{ shall be solely responsible far the selectiar? of qualified <br />purcl?asei;s o?'the Affordable For`-Sale Uirits, Developers shall ensure that the?•e ?vlll be lioinebt?yei' <br />educatiol? ire accor'dalrc? with Section ? ?,4?b??ii} hereof The goal of file arl?etil? acrd <br />?rltreach Plan is to insure that ?i) t??geted ?>?arl?eting of Affordable For-Sale Units is provided to <br />perso?rs with tl?e priorities set forth bc?o??, al?d iii} the inarketin of Affordable For-Sale U??its to <br />the gener;al pl?blic be as broad and lnclrlslve as p4sslble ?n orde?i to ir?for•?n al?d attract as tnany <br />prospective buyers as possible, ?f the Developer reasallably expects that tl?e i??lmber` of qualified <br />purchasers of the A.ffoidable Fo?? Sale ?l?lt ??rlll srgnlflcantly exceed the supply, the nlarl?eting <br />plan inlay include a lottery dr`a?vll?g ?!?itlr respect to file Affordable For-Sale Units, which shall be <br />open to the public, Tl?e ?utr'eacl? alyd ar'keting Plan and tl?e associated applicant selection <br />procedures ??ill be targeted to purchasers rga?•dlss of race, color, religion, sex, disability status, <br />falriilial status ar national origit?? <br />?nforinatlon shall also be provided an tl?e De??eloper's ?vebsite, pity of Santa Ana <br />??ebsite, pity cable channel, arlCfarce I?t?resttne??t oar`d, Santa Ana chamber' of omirrerce, <br />Santa Ana U>?ified School District, ailcho Santiago ornrnulllty college Dist??lct, ot?lmul?ity <br />Development Resoa?rce ?et??ork Newsletter, through neighborhood assoc?at?ons and to per•sans <br />4vho leave been displaced ?v?thil? tl?e Station Dist?iict? <br />D OCSQ?l14??C?73 ?' 1 ?i????7?-D0? ?