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for household size. Rental increases shall be in conformance with federal and state law. <br />After the twenty (20) year HOME Compliance Period, the City shall require that the <br />HOME assisted units remain affordable, with rents calculated based on assumed household <br />size at the same income levels (i.e. 50% of AMI). <br />(d) All of the HOME units will be restricted to occupancy by families <br />earning no more than the Very -Low Income limits (50% of AMI) as published by HUD, <br />and the rents must not exceed the Low HOME rents adjusted for family size appropriate to <br />the unit as published by HUD. <br />(e) Maximum Occupancy will be two (2) people per room plus one (1). <br />Example for a two -bedroom unit, five (5) people would be maximum occupancy. <br />(f) Developer must have a written lease between tenant and owner for <br />a period of at least one year, unless a shorter period is mutually agreed upon. Leases must <br />be consistent with the HOME Program regulations at 24 CFR section 92.209(g). <br />3.2. Affordability Levels/Unit Mix: <br />The affordability levels/unit mix for the Restricted Units in the Project are as follows: <br />Unit Size <br />30% TCAC AMI <br />No. <br />Units <br />Current <br />Rent <br />Studio <br />16 <br />$711 <br />1 Bedroom <br />26 <br />$762 <br />2 Bedroom <br />21 <br />$915 <br />3 Bedroom <br />17 <br />$1,057 <br />4Bedroom <br />5 <br />$1,179 <br />Total <br />85 <br />The remaining unit will be an un-restricted 2-bedroom unit reserved for the onsite manager. <br />HOME Assisted Units <br /># of HOME <br />% Share of <br />Total # of <br />Unit Type <br />Level of <br />Assisted <br />HOME <br />Units <br />Affordability <br />Units <br />Assisted Unit <br />Type <br />16 <br />Studio <br />Very -Low <br />Income <br />(5.0% AMI) <br />(Low HOME) <br />0 <br />0% <br />26 <br />1 Bed <br />0 <br />0% <br />21 <br />2 Bed <br />6 <br />50% <br />17 <br />3 Bed <br />4 <br />33% <br />5 <br />4 Bed <br />2 <br />17% <br />The Crossroads at Washington <br />City HOME Affordability Restrictions on Transfer of Property <br />