FULL AGENDA PACKET_2021-04-20 - Laserfiche WebLink

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EXHIBIT 3 event cull Developer charge any tenant more than such amount- The City will make all hest eflorls Lo provide Developer with the maximum allowable schedule ofl-ents within no more than 30 calendar days allcr the date TCAC publishes the allowable rc nt and income tables. 3.4 Increase in Rent and Uccupancv Restrictions upon 'I ernrination of Rental Subsidies- The parties acknowledge Lhat Developer is only able to rent units to Extremely Low income. Households bCC8uI5C. the City is providing 89 ProlccL-T3ased Vouchers for Permanent Supportive Housing ("P13V Vouchers'). In the event the P13V Vouchers expire, terminate, are not renewed or are reduced for any reason other than a default by Developer under the PT3V Vouchers, then the occupancy requirements for all ofthe Tlnits shall atuomatically increase to 60% of the Area Median Income and the A 1-fordable Rent shall increase to Affordable Rents for households earning 601% of Lkre area Median Income in accordanec with the tent limits set turth by the Califurnia Tax Credit Allocation Committee ( TCAC for households earning 60'%u of the Ar'cn Median Inconic. 3.5 Reserved. 4. Maximum Rents. Developer, its sneeesSOrS and assigns shall not charge rents for The Units in excess of the amounts set forth herein, as adjusted oil tide basis of the revised schedules of area median incomes issued from time -to -time by TTUD. The City shall noti fy Developer in writing ol'the adjusted allowable maximum incomes and revs. 5. 'Tenant ,Selection Plan. Developer shall adopt and include as part of its Management flan (described in Section 11 below), written tenant selection policies and criteria fix the Units, that meet the lollowing requirements_ (a) Arc consistent with the purpox of providing housing for Extrcindy Low Income households; (b) Are reasonably related to program eligibility and the applicants' ability Lo perlorin the obligations of the lease; (c) Civc reasonable consideration to the housing needs of households dial would have a preference under 24 CFR Q60.206 (Federal selection preferences to admission to Public Housing); (d) Provide for: The selection of tenants from a written waiting list in the chronological order ol' their application, insofar as is practicable; and The selection of tenants for accessible units; and iii- The prompt written notification Lo any rejected applicant of the groturds for any rejection; (e) Subject to compliance with the (.:DB(j Regulations, the IIUD- Veterans Affairs Supportive Housing referral prm4ram requirements, the County of (-)range City Council 4 of 14 21 — 88 4/20/2021