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WASHINGTON SANTA ANA HOUSING PARTNERS, L (2).P
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Last modified
8/4/2022 5:39:38 PM
Creation date
8/4/2022 5:36:46 PM
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Contracts
Company Name
WASHINGTON SANTA ANA HOUSING PARTNERS, L.P
Contract #
A-2022-132
Agency
Community Development
Council Approval Date
6/21/2022
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Subject to the applicable requirements and provisions of, and changes to, Section 42 of the <br />Code, if, upon recertification of the income of any tenant, the Developer determines that <br />such tenant has an adjusted income exceeding 30% of the applicable Median Income for <br />the Area, in each case, adjusted for household size, such tenant may be permitted to <br />continue to occupy the unit at the rental rate as provided for in Sections 7.1 and 7.2 above, <br />as applicable, until the tenant chooses to vacate the unit. After the unit is vacated, the <br />Developer shall re -rent the unit to a tenant pursuant to the terms, covenants and conditions <br />of this Agreement. <br />7.4. Prohibited Fees. The Developer and subsequent owner is prohibited from <br />charging fees that are not customary, consistent with HOME Regulations 24 CFR section <br />92.504(c)(3)(xi). The Developer and subsequent owner can charge reasonable application <br />fees to prospective tenants; other fees only to the extent that they are reasonable and <br />customary for the project area; and fees for services provided to tenants, provided that these <br />services are not mandatory. <br />7.5. Operation and Maintenance of the Property. Solely at Developer's <br />expense, Developer agrees to maintain the Property in a clean and orderly condition and in <br />good condition and repair and keep the Property free from any accumulation of debris and <br />waste materials. If at any time Developer fails to maintain, or cause to be maintained, the <br />Property as required by this section, and said condition is not corrected after the expiration <br />of a reasonable period of time not to exceed thirty (30) days from the date of written notice <br />from the City, unless such condition cannot reasonably be cured within thirty (30) days, in <br />which case Developer shall have such additional time as reasonably necessary to complete <br />such cure, the City may perform the necessary maintenance and Developer shall pay all <br />reasonable costs incurred for such maintenance. The City shall inspect the Property <br />annually after the date of issuance of the Certificate of Completion as described in Article <br />17 of this Agreement. During the Affordability Period, the Property must meet all <br />applicable State and local codes. The Property must be free of all health and safety defects <br />during the Affordability Period. <br />(a) Operation. During the Term of Agreement, Developer shall at all <br />times operate on the Project an affordable housing rental facility in compliance with this <br />Agreement and the Affordability Restrictions on Transfer of Property. <br />(b) Maintenance. During the Term of Agreement, Developer agrees to <br />maintain all interior and exterior improvements, including landscaping (and all abutting <br />ground, sidewalks, roads, parking and landscape areas) on the Project in good condition, <br />repair and sanitary condition (and, as to landscaping, in a healthy condition) and in <br />accordance with any Management Plan approved by the City under this Loan Agreement <br />(such approval not to be unreasonably withheld or delayed) (including without limitation <br />any landscape and signage plans), as the same may be amended from time to time, and all <br />other applicable laws, rules, ordinances, orders, and regulations of all federal, state, county, <br />municipal, and other governmental agencies and bodies having jurisdiction and all their <br />respective departments, bureaus, and officials. Developer acknowledges the great <br />emphasis the City places on quality maintenance to protect its investment and to provide <br />17 <br />The Crossroads at Washington <br />City HOME Loan Agreement <br />
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