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??) __- } ?? the t??o ?2} bcdroon? Rental Urrits ire Please ? 1 to <br />fiery Love rnco?e Households at an Affo?•dable Rent; t??enty ??? of the t??o ?2} bedroom Rental <br />grits ?n Phase R- to fiery Lo?? Income Households at an Affordable Rent; <br />fib} ( of tl?e t?vo ?2? bedroom Re??tal Units irr Phase R-I to <br />Extre?r?ely Loup Incon?re Households at atr Affordable Rent; fire ?5} of the two ??? bedraonr <br />Rental Units ire Phase R-? to Extremely Lo?v Incotne ?Io??sel?olds at an Af?'ordabe Rerrt? <br />?c? ?} off' the three (?} bedroarn Rental U???ts in Phase R-1 to <br />fiery Lo?v lt?cox?e Households at an Affordable Rent; nitre ?9? or the three 3} bedroom Rental <br />Units In Phase R-2 to fiery Low Income Households at an Affordable Rent; ar?d <br />?d} _-- - of the three ?} bed?•oon? Rental Urrits in Phase R? 1 to <br />Lxtrernely Lo?v Income Ho??sellolds at a?? Affordable Rent; t??xee ?3} of the three ?3? bedroo?rr <br />Rental U??rt rn Please R-? to ?xtrernely Lo?? rr?can?e House}colds at an Affo?•dable Rent, <br />?? ?trrativr? of Affox•dabilit? ?eq?uircrnez?#s. Tl?e Rental Urrits shall be s€?bject to <br />tl?e requir•er?nents of this Agr•eernent ?Foz? tl?e later of ?1? fifty-fire ?5} years from the date of tl?e <br />pity's lssuatrce of a certificate of occ??pancy for tl?e applicable Phase or ?ii? repayment itr fill of <br />tl?e Promissory dote has defined i?? the I?I)A?, <br />electloir of Tez?ax?ts. The I)e?eloper• shat} be ?•esponsible for tl?e selection of <br />tenants for the Rental units irr corrrpliat?ce Zvi#}? la??ful acrd reasonable criteria, as set fot•th iii this <br />Agreement and tlxe Management Pla?? ?vbic}? is r*equired to be sub?rritted and approved by the <br />Agency pursuant to eetior? 9, <br />?, Household ?rrcoxx?e Re?uiremen?s, l?o??o??it?g the initial lease-?zp of tl?e Rental <br />Units i?? each ofP}rase R?l at?d ?'l?ase R-2, and a?rtrually tl?e?iea?er, the De?eloper• shah s??btr?it to <br />the Agency, at tl?e l?e??eloper's expense, a summary of the income, hol?ehald size and rent <br />payable by each of t??e tet?ar?ts of the Rental Units of s?rclr Please. At #l?e Agency's request, the <br />Developer shall also provide to tl?e Agency completed it?co?rre computation ar?d certification <br />forms, ire form reasonably acceptable to the Agency, for at?y slxch tenant or• ter?a??ts? The <br />l?e?eloper shall obtain, or shall cause to be obtained by the Proper?#y Manager, a certi?icatiot? <br />fi?otn each household }easing a Rental Unit den?or?strat?n fleet such hoc#sehold rs a fiery Lo?? <br />Ir?corne Horrsel?old or Extr•etne?y l?o?? Income Ho??selrold, as applicable, and meets the eligibility <br />requiretnet?ts established for• tl?e Rental UnitF The Developer shall verify, or shall cause to be <br />?eriified by the Propex?#y Ma?raer, the income cep*tification of the ho??seho?d? <br />?. Affordblc Rent, The tnaxirnurn ot?thly Rent chargeable for flee Rental Units <br />shall be at?trually deterrr?ined ire accordance ?vith the follo???ing r•egt?i?•ement. The Morrtlrly Rent <br />for the Rental Units to be rented to l?xtretnely Lo?v Income Households shall not exceed the <br />req??ire?nents of TA acrd the Monthly Rent for the Rental Units to be rented to ?erY Lo?? <br />Irrcorne households shall not exceed the more restr•rctrve of ?1} TCAC or ?ii? the arnou?rt set fot?}? <br />in ectio?r 50o?3?b}?2} oftl?e California Health and safety bode, <br />For purpases of this Agreement, "Mon#l?ly Rent" means flee total of monthly <br />payments charged to at?d Paid by tena??ts or by ar?y other source ?e•gf section ? vouchers for <br />?a? use and occ?zpa??cy of each Retltal Unit at?d land acrd facrlrtres associated tl?ere??vith, ?b}any <br />?o?????1???????'1 ????????-???1 <br />?T?TAI-DENT ??, 7-?