25C - AGMT - HOUSING DEV ORGANIZATIONS

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(3) At the time of project completion, the Developer shall provide to the City the address and/or unit number of each of the HOME assisted units. (4) Annually with the financial statements, the Developer shall provide an annual report of rents and occupancy of assisted units, including HOME - assisted units, to verify compliance with affordability requirements. For the HOME units, information on unit substitution and filling vacancies shall be provided to ensure that the project maintains the required unit mix. 3.3 pent Increases: On an annual basis, the City shall provide the Developer with the maximunn allowable schedule of rents for the Property, In no event can Developer charge any tenant more than such amount. 4. Developer, its successors and assigns shall not charge rents for the Units in excess of the amounts set forth herein, as adjusted on the basis of the revised schedules of area median incomes issued from time -to -time by HUD, The City shall notify Developer in writing of the adjusted allowable maximum incomes and rents. 5. Developer shall adopt and include as part of its Management Plan (described in Section 1 I below), written tenant selection policies and criteria for the Units, that meet the following requirements: (a) Are consistent with the purpose of providing housing for Extremely Low and Very Low Income households; (b) Are reasonably related to program eligibility mud the applicants' ability to perform the obligations of the lease; (c) Give reasonable consideration to the housing needs of households that would have a preference under 42 CFR §906,211 (Federal selection preferences for admission to Public Housing); (d) Provide for: (i) The selection of tenants from a written waiting list in the chronological order of their application, insofar as is practicable; and (ii) The prompt written notification to any rejected applicant of the grounds for any rejection; (e) Provide first priority in the selection of qualified eligible tenants to households that are referred by the City; and (i) Carry out the Affirmative Marketing procedures of the City of Santa Ana, which are designed to provide information and otherwise attract eligible persons from all racial, ethnic and gender groups in the housing market area to the units. Developer shall cooperate with the City to effectuate this provision prior to the initial renting, or upon occurrence of a vacancy, and the re- renting of any Restricted Units (24 4of1.2 25C -89