Laserfiche WebLink
TABLE OF CONTENTS <br />(Continued) <br />Pace <br />316.8 Right of the Agency to Cure Mortgage or Deed of Trust Default .....49 <br />400. OPERATION OF THE PROJECT ................................................... .............................49 <br />401. <br />Provision of Extremely and Very Low Income Rental Housing- RentaI <br />Portion of the Project ............................................................ .............................49 <br />401.1 Number of Affordable Rental Units ...................... .............................49 <br />401.2 Duration of Affordability Requirements ............... .............................49 <br />401.3 Selection of Tenants .............................................. .............................49 <br />401.4 Household Income Requirements ......................... .............................50 <br />401.5 Affordable Rent ..................................................... .............................50 <br />401.6 Occupancy Limits ................................................. .............................50 <br />401.7 Marketing Program ............................................... .............................50 <br />401.8 Maintenance .......................................................... .............................51 <br />401.9 Management Plan; Property Management ............ .............................51 <br />401.10 Monitoring and Recordkeepin0 ............................. .............................52 <br />401.11 Regulatory Agreement and Notice of Affordability Restrictions ......52 <br />401.12 Relationship to Tax Credit Requirements ............. .............................53 <br />401.13 Applicability of Section ........................................ .............................53 <br />402. <br />Provision of Moderate Income For -Sale Housing- For -Sale Portion of the <br />Project................................................................................... .............................53 <br />402.1 Number, Location and Quality of Affordable For -Sale Units ...........53 <br />402.2 Maximum Sales Prices .......................................... .............................54 <br />402.3 Affordable Housing Resale Restriction ................. .............................54 <br />402.4 Selection of Buyers; Marketing and Outreach Plan ........................... <br />54 <br />402.5 Income of Buyers .................................................. .............................55 <br />402.6 Maintenance Covenants; Association CC& Rs ...... .............................56 <br />402.7 Applicability of Section ........................................ .............................56 <br />403. <br />Provisions Applicable to the Entire Project .......................... .............................57 <br />403.1 Use in Accordance with Redevelopment Plan ...... .............................57 <br />403.2 Nondiscrimination Covenants ............................... .............................57 <br />403.3 Applicability of Section ........................................ .............................58 <br />500. DEFAULT AND REMEDIES .......................................................... .............................58 <br />501. <br />Default Remedies .................................................................. .............................58 <br />502. <br />Institution of Legal Actions .................................................. .............................58 <br />503. <br />Rights of Termination ........................................................... .............................59 <br />503.1 Termination by Agency ......................................... .............................59 <br />503.2 Termination by Developer .................................... .............................59 <br />503.3 Termination by Either Party .................................. .............................60 <br />504. <br />Acceptance of Service of Process ......................................... .............................60 <br />505. <br />Rights and Remedies Are Cumulative .................................. .............................60 <br />506. <br />Inaction Not a Waiver of Default .......................................... .............................60 <br />507. <br />Force Majeure; Extension of Times of Performance ............ .............................60 <br />600. GENERAL PROVISIONS ............................................................... .............................6I <br />601. Notices, Demands and Communications Between the Parties ..........................61 <br />iii <br />DOCSOGI400673v 14200272 -0001 <br />80A-268 <br />