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Household Size Maximum <br />Income Household <br />Size Maximum <br />Income <br />3 Persons $94,200 7 Persons $129,750 <br />4 Persons $104,650 8 Persons $138,150 <br />For rental properties, owners must demonstrate by means of evidence acceptable to <br />the Agency that at the time of the owner's application, all tenant households had <br />annual incomes at or below 120 percent of the area median income. All new tenants <br />must be income certified prior to move-in. Rental units must not be over-crowded. For <br />purposes of determining over-crowded there should be no more than 2 persons per <br />bedroom plus 1 (eg. 2 bedroom unit cannot have more than 5 occupants). <br />Owners must agree to restrict rents to those affordable to low income households (80% <br />AMI), and to do so for a period of ten years commencing with the loan date. As of <br />June 17, 2010 allowable rents were as follows: <br />Bedroom Size Allowable Rent <br />Studio $916 <br />One Bedroom $981 <br />Two Bedrooms $1,178 <br />Three Bedrooms $1,308 <br />Four Bedrooms $1,413 <br />For owners who choose to rent their homes after the loan has been approved and <br />recorded, the ten years will still commence with the loan date. <br />Owners must agree to comply with all applicable Federal and State anti-discrimination <br />laws. <br />Use of Loan Proceeds <br />The loan may be used for exterior repairs, replacements and improvements, including, <br />but not limited to, the following categories: <br />• non-conforming fences that are visible from the street <br />• front yard landscaping and irrigation systems <br />• damaged or deteriorated roof <br />• flashing, sheathing, eaves, rafter tails, fascia board, gutters and downspouts <br />• exterior walls, trim, exterior doors, screens and windows <br />• damaged or deteriorated garage doors and garage door openers <br />• damaged or deteriorated driveways and walkways <br />• damaged or deteriorated exterior lighting <br />• new security lighting <br />Page 2 of 3 <br />Exhibit F