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Bedroom <br />Size <br />30% <br />AMI <br />40% <br />AMI <br />50% <br />AMI <br />60% <br />AMI <br />Manager's <br />Unit <br />Total <br />Two Bedroom <br />29 <br />0 <br />4 <br />1 <br />1 <br />35 <br />Three Bedroom <br />4 <br />0 <br />17 <br />7 <br />28 <br />Four Bedroom <br />1 <br />0 <br />0 <br />5 <br />6 <br />Totals <br />34 <br />0 <br />21 <br />13 <br />1 <br />69 <br />C. Affordable rents shall be calculated and governed as provided by the <br />California Tax Credit Allocation Committee (TCAQ. Rental increases shall be in conformance <br />with federal and state law. <br />d. initial rents may be recalculated to allowable rental amounts at the time of <br />initial lease -up following completion of construction in accordance with any changes in allowable <br />rent tables published by TCAC. <br />3.2 Rent Increases: <br />A. On an annual basis, the City shall provide the Developer with the maximurn allowable schedule <br />of incomes and rents (less utility allowance appropriate for the Restricted Units for the Property) <br />which shall correspond to the maximum rent increase allowed by TCAC. <br />B. Developer, its successors and assigns shall not charge rents for the Restricted Units in excess <br />of the amounts set forth in the tables as adjusted from time -to -time by TCAC. The City <br />Manager, or designee, shall notify Owner in writing of the adjusted allowable maximum incomes <br />and rents as allowed by TCAC. <br />C. In no event shall the rent charged to the tenant of a Restricted Unit be more than that amount of <br />the rent as published by TCAC, as amended from time to time (currently $604 for a two-bedroom <br />unit, $700 for a three-bedroom unit, and $780 for a four-bedroom unit). <br />D. Utility allowances must be deducted from the Maximum Gross Monthly Rent. Utility allowances <br />are deducted from rents using the following amounts set annually by the Housing Authority of the <br />City of Santa Ana, provided, however, in lieu of the utility allowance published by the Housing <br />Authority the Developer may elect to use the California Utility Allowance Calculator to the extent <br />allowed by TCAC. <br />4. Miscellaneous Provisions: <br />A. Owner shall adopt and include as part of its Management Plan (described in subsection G <br />below), written tenant selection policies and criteria for the Units that meet the following <br />requirements: <br />(a) Are consistent with the purpose of providing housing for Extremely -Low, <br />Very -Low and Low Income households; <br />(b) Are reasonably related to program eligibility and the applicants' ability to <br />FOODYNIF <br />