JAMBOREE HOUSING CORPORATION (3)

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the default of the Borrower, a deed in lieu of foreclosure or other realization upon the Property under Senior Loan Documents, notwithstanding anything to the contrary contained in the City's regulatory agreement, the units subject to restriction under the City's regulatory agreement shall be restricted for rental to and occupancy by households whose income does not exceed 60% of the area median income for the Orange County, California PMSA, adjusted for household size, as published by the U.S. Department of Housing and Urban Development, and rent in such units shall be restricted to the product of 30% of 60% of the area median income adjusted forfamily size appropriate for the unit. Protect -Based Vouchers: The Project consists of eighty-nine (89) permanent supportive housing units to be made available at affordable rents for a term of fifty-five (55) years. The project -based vouchers (PBVs) shall include the following terms: Voucher Source: The eighty-nine (89) PBVs will be funded exclusively out of the tenant -based voucher program annual budget authority received by the Housing Authority from the U.S. Department of Housing and Urban Development (HUD). Fifty-five (55) PBVs must be used to serve chronically homeless individuals with strong ties to the City of Santa Ana. Four (4) of these fifty-five (55) project -based vouchers must be designated for non-HUD-VASH homeless veterans as required by the Veterans Housing and Homelessness Prevention Program funds from the State of California Department of Housing and Community Development. The remaining thirty-four (34) PBVs are HUD-VASH PBVs that shall be referred from the Veterans Affairs Medical Center of Long Beach through the Orange County Coordinated Entry System, and are residing or working in the City of Santa Ana as defined under the City's criteria. In addition, the Authority will also have a local preference for chronically homeless veterans with strong ties to the City of Santa Ana for fifty-one (51) of these fifty-five (55) project -based vouchers, but it will not be a requirement as through HUD- VASH. Specifically, the chronically homeless veterans served at the Project must be a City of Santa Ana resident established by fulfilling one or more of the following requirements: o Proof of strong ties to the community, to include current residency of an immediate family member — mother, father, sibling, or grandparent in the City of Santa Ana; o Proof that the individual attended a K-12 school in Santa Ana; o Proof that the individual resided on property zoned for residential use in Santa Ana and the individual was on the lease and/or paid utilities necessary for legal use of the property for residential purposes; or o Knowledge — either first-hand or recorded — by the Santa Ana Police Department that the individual has been a member of the Santa Ana homeless community.