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7. Number of Affordable Rental Units. Section 401.1 of the DDA is hereby deleted <br />and replaced in its entirety and with the following: <br />DDA <br />"Number of Affordable Rental Units. Pursuant to this <br />Agreement and the Regulatory Agreement, the Developer <br />covenants and agrees to make available, restrict occupancy to, <br />and rent the Rental Units at an affordable rent pursuant to <br />Section 401.5 as follows: <br />(a) In Phase R -1, of seventy -four (74) newly constructed <br />Rental Units: (i) thirty-nine (39) of the 4.wo (2) bedroom <br />Rental Units to Very Lo <br />Affordable Rent; (ii) eleven <br />Rental Units to Extremely L <br />Affordable Rent; (iii) ninetee;,. <br />Rental Units to Very I <br />Affordable Rent; and rta .dt11 <br />Rental Units to Extrerri" .J� ( <br />Affordable Rent. <br />w lncon % *N 1*iouseholds at an <br />two (2) bedroom <br />ovl? 1aoxri= :Households at an <br />ri_` of the` fhe (3) bedroom <br />`Income Ho490bolds at an <br />(4) of the three ( bedroom <br />N Income House}ia� .-,.at an <br />(b) In Phass;,R 2,. of twenty -f 73) newly constructed <br />�� <br />Rental Units rieJ JIM ximately fifteen (14) rehabilitated <br />Rental Units, 2Q per6i txf„ all unit tll be available for <br />Extremely Low ItY(xlne H °dsholds aric =he remaining for <br />:. . <br />V.;et u acv^ Income H seholdss ; & Afford _ le Rent. With <br />., <br />aspect tC� number o+VI bedrbams tits ilnal "distribution of <br />Dental Uni# Very L6W-,. me Hous Ids and Extremely <br />o;_Income =Households =I1 be subject to the approval of <br />the k'cncv.,i eutive Dire&&" <br />lvumtie � Locatirijdk ,. nd Qualm j Affordable For -Sale Units. Section 402.1 of the <br />deleted i6ff laced= n4 is entiretM with the following: <br />"Nurril&, LocatOtt:,,and Quality of Affordable For -Sale <br />Units. RR.east ogRll) of the Housing Units developed on <br />each of th_three (3) separate lots constituting Phase FS, the <br />Tor- Sale,rtion of the Development, but up to a total of five <br />for...Iits, shall be sold to Moderate Income Households, <br />at`` :# }:prices set forth in Section 402.2 hereof, i.e., the <br />Affo le For -Sale Units. The location of the Affordable <br />For -Sale Units within the For -Sale Portion of the Project will <br />be subject to the reasonable approval of the Agency Executive <br />Director pursuant to applicable laws and regulations. The <br />Developer covenants and agrees that the workmanship, <br />quality of materials, and costs of construction for and the <br />amenities, and physical features of each and all of the <br />Affordable For -Sale Units shall be equal to, and under no <br />circumstances or conditions less desirable than, all other <br />Housing Units in the For -Sale Portion of the Project. <br />DOCSOC/ 1481239x3/200272 -0001 <br />3 <br />Exhibit 3 <br />�9611hdi_��� <br />