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No Place Like Home (“NPLH”), Housing and Urban Development and Special Needs Housing <br />Program (“SNHP”), as applicable. <br /> <br />B. Utility allowances must be deducted from the maximum gross monthly Affordable <br />Rent. The Housing Authority publishes a Utility Allowance Schedule on an annual basis. <br /> <br />C. On an annual basis, the Agency shall provide the Developer with the maximum <br />allowable schedule of incomes and rents (less utility allowance appropriate for the Restricted Units <br />for the Property), which shall correspond to the maximum rent increase allowed by these <br />Restrictions, the Density Bonus Agreement and any other standards, regulatory agreements or <br />requirements for the Project’s public funding sources including but not limited to NPLH, HUD <br />and SNHP, as applicable. In no event can Developer charge any tenant more than such amount. <br /> <br />F. Utility allowances must be deducted from the maximum gross monthly Affordable <br />Rent. Utility allowances are deducted from rents using the amounts set annually by the Housing <br />Authority. <br /> <br />G. Recertification of Tenant Income: <br /> <br />(1) Developer shall take all necessary steps to review the income of all <br />tenants prior to renting to them, as well as reviewing current tenants on an <br />annual basis. Developer shall be entitled to rely on a tenant income <br />verification form certifying that the tenant is an eligible household and <br />otherwise meet(s) the eligibility requirements established for the <br />affordable unit and supporting documentation provided by tenant(s) unless <br />Developer has knowledge of, or a reasonable basis for belief as to, the <br />inaccuracy or falsehood of any of the supporting documentation. <br />Developer shall make reasonable efforts to verify or cause to be verified <br />that the income and asset statement provided by an applicant in an income <br />certification is accurate by taking, at a minimum, at least one of the <br />following steps as a part of the verification process: (1) obtain three <br />months consecutive pay stubs for the most recent pay period, (2) obtain an <br />income tax return for the most recent tax year, (3) obtain an income <br />verification form from the applicant’s current employer, (4) obtain an <br />income verification form from the Social Security Administration and/or <br />the California Department of Social Services if the applicant receives <br />assistance from either of such agencies, or (5) if the applicant is <br />unemployed and has no such tax return, obtain another form of <br />independent verification.. At a minimum, every fifth (5th) year, <br />Developer shall require new original income documents to be submitted <br />by tenants. <br /> <br />(2) Developer shall allow the Agency to conduct periodic reviews of tenant <br />files and files relating to affirmative marketing and outreach to ensure the <br />Project’s compliance with applicable regulations and guidelines. <br /> <br />EXHIBIT 4