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EXHIBIT 3 E. Maximum Occupancy will be two (2) people per bedroom plus one (1). F.xalrill] e liar a two -bedroom [mil, live (5) people would be rnaxitnutn occupancy. Affordable rents shall be governed by the Tax Credit Allocation Committee. Ci- Developer must have a written lease between tenant and owner [irr it period ol'at lett_St one year, unless a shorter period is mutually agreed upon. Leases trust be consistent with the IIOMB Program regulations at 24 CFR 92.253(a) and (b). 3.2 Affrtrdn[lriliR, i,evels/ilnit Mix= The aftbidability levels/unit mix for the Project is as follows: Unit Size No. Units AMI Studio 89 30% The retraining units will be one (1) two -bedroom unit and one (1) three-bedro(lm unit reserved for the on dte manazters- (1) In no event shall the rent charged to the units be more than that amount of the rent affordable to a family at 30"1) Area Mediart Income as published by the Tax Credit Allocation Convnittee, as amended torn time to time. (2) Annually with the financial statements, the Developer shall provide an annual report (if -ents and occupancy of Al units, to verify compliance with affirrdability requirements. the affordable rents changed at the Project must comply with the standards set forth by the California I ax Credit Allocation Committee (I CAC)- Notwithstanding anything to the contrary contained in the Loan Agreement or these Restrictions, in the event of a foreclosure, or delivery of a deed in lieu of lirreclosure, of any Senior Loan, ( I ) the maxinuan gualil'ying terrant household income shall be increased to 60 o of Area Malian Income adjusted tin• family size appropriate to the unit, and (2) the maximum annual affordable rent shall be increased to comply with the rent limits set forth by California Tax Credit Allocation Conuninec (TCAC) Ior households at 60'N Arco Mcclian Tncontc- Utility allowances must be deducted from the Maximum Gross Monthly Rent. The Housing Authority of the City of Santa Ana publishes the T hility Allowance Schedule - Initial rents may be recalculated to allowable rental amounts at the bone of initial lease -up billowing completion of constnletion in accordance with any changes in allowable rent and incomc tables as published by HUD. 3.3 Rent increases- On an annual basis, the City shall provide Developer with the rrraxinntm allowable schedule of rents for the Property in accordance with changes in allowable rent and income tables published by the California Tax Credit Allocation Committee ("TUAC), provided however that the rent for the CDBG units shall in nn event be hither than the rent f[n-the egLiivalent non-CDBCi assisted units within the Prodect Inno City Council 3 of 14 21 — 87 4/20/2021