WASHINGTON SANTA ANA HOUSING PARTNERS, L (4).P

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(d) Forty-three (43) Extremely Low Income Units, consisting of sixteen (16) studio units, twenty-six (26) one -bedroom units, and one (1) two -bedroom unit shall be designated as permanent supportive housing (PSH) units for persons experiencing homelessness. (e) Maximum Occupancy will be two (2) people per room plus one (1). Example for a two -bedroom unit, five (5) people would be maximum occupancy. (t) Developer must have a written lease between tenant and owner for a period of at least one year, unless a shorter period is mutually agreed upon. Leases must be consistent with Section 7. 3.2. Affordability Levels/Unit Mix: The affordability levels/unit mix for the Restricted Units in the Project are as follows: Unit Size 30% TCAC AMI No. Units Current Rent Studio 16 $711 1 Bedroom 26 $762 2 Bedroom 21 $915 3 Bedroom 17 $1,057 4 Bedroom 5 $1,179 Total 85 The remaining unit will be an un-restricted 2-bedroom unit reserved for the onsite manager. (1) Annually with the financial statements, the Developer shall provide an annual report of rents and occupancy of all Restricted Units to verify compliance with affordability requirements. The affordable rents charged at the Project for the Restricted Units must comply with the standards set forth by the California Tax Credit Allocation Committee (TCAC), and during the HOME Compliance Period, the HOME requirements for the HOME assisted units. A utility allowance must be deducted from the maximum affordable rent charged at the Project for each Restricted Unit. Initial rents may be recalculated to allowable rental amounts at the time of initial lease -up following completion of construction in accordance with any changes in allowable rent and income tables as published by HUD and TCAC. 3.3. Rent Increases. The Crossroads at Washington City NSP Affordability Restrictions on Trunsfer of Property