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may be obligated to pay costs if the tenant loses. <br />8. Developer, its successors or assigns, must adhere to state law requirements with <br />regard to termination of tenancy. <br />9. Developer shall maintain the improvements on the Property in compliance with all <br />applicable housing quality standards [24CFR 92.504 (c)(6)] and state and local code <br />requirements (California Health and Safety Code section 33418), and shall keep the <br />Property free from any unreasonable accumulation of debris or waste materials. Developer <br />shall also maintain in a healthy condition any landscaping planted on the Property. <br />10. Developer covenants and agrees for itself, its successors, its assigns and every <br />successor in interest to the Property or any part thereof, there shall be no discrimination <br />against or segregation of any person, or group of persons, on account of race, color, creed, <br />religion, sex, mental or physical disability, marital status, national origin or ancestry in the <br />sale, lease, transfer, use, occupancy, tenure or enjoyment of the Property nor shall the <br />Developer itself or any person claiming under or through it establish or permit any such <br />practice or practices of discrimination or segregation with reference to the selection, <br />location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees <br />of the Property, as required by the Title VI of the Civil Rights Act of 1964, the Fair Housing <br />Act (42 U.S.C. 3601-20) and all implementing regulations, and the Age Discrimination <br />Act of 1975, and all implementing regulations. <br />11. Not later than fifteen (15) business days prior to the Close of Escrow, Developer <br />shall submit to the Executive Director a Management Plan in a form that is acceptable to <br />the Executive Director, including, but not limited to, the components listed below. <br />Approval of the Management Plan must be obtained from the Executive Director not later <br />than the time for the Close of Escrow. Developer shall manage the Restricted Units in <br />accordance with the approved. Management Plan, including such amendments as may be <br />approved in writing from time to time by the Executive Director, for the term of the income <br />and rent restrictions contained in these Restrictions. The components of the Management <br />Plan shall include: <br />11.1. Management Agent. Developer shall submit the name and qualifications <br />of the proposed Management Agent. The Executive Director shall approve or disapprove <br />the proposed Management Agent in writing based on the experience and qualifications of <br />the Management Agent. <br />11.2. Management Agreement. Developer shall submit a copy of the <br />proposed management agreement specifying the amount of the management fee, and the <br />relationship and division of responsibilities between Developer and Management Agent. <br />11.3. Annual Budget and Projected Cash Flows. Prior to the Closing, and <br />annually thereafter not less than sixty (60) days prior to the close of each calendar year <br />thereafter until the Loan is repaid in full, Developer shall submit a projected operating <br />budget and cash flow to the Executive Director for the following calendar year. The budget <br />9 <br />The Crossroads at Washington <br />City HOME Affordability Restrictions on Transfer of Property <br />