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(a) For purposes of this Agreement, the "Affordable Purchase Price" shall <br />mean a purchase price which results in an Affordable Housing Cost to a Lower Income <br />purchaser. "Affordable Housing Cost" shall mean housing costs (including mortgage <br />payments, a reasonable utility allowance and similar costs) which do not exceed 30 <br />percent times 70 percent of the area median income adjusted for family size appropriate <br />for the unit, pursuant to the California Health and Safety Code Section 50052.5 (b) (3) <br />and the regulations promulgated by the California Department of Housing and <br />Community Development thereunder. <br />(b) Prior to any such sale of the Property, Developer shall submit to the <br />Agency Executive Director the proposed purchase price, and documentation reasonably <br />demonstrating to the Agency Executive Director that the proposed purchased price will <br />result in an Affordable Housing Cost, and that the proposed purchaser qualifies as a <br />Lower Income household. <br />(c) The grant deed from Developer to any such proposed Lower Income <br />purchaser shall restrict the use of the Property to owner-occupancy, and shall restrict <br />subsequent resales of the Property to Lower Income households, at an Affordable <br />Housing Cost, who agree to occupy the Property as their principal place of residence. <br />This restriction shall continue to apply until the forty-fifth (45th) anniversary of the <br />issuance of the certificate of occupancy for the Property. <br />(d) To implement this Section 3, Developer agrees that the grant deed <br />conveying the Property to any such proposed Lower Income purchaser shall be <br />substantially in the form attached to this Agreement as Exhibit B (Grant Deed and <br />Attachment), which is incorporated herein by this reference. <br />4. Maintenance. Developer, or its successor or assigns, shall maintain the <br />Property in compliance with all applicable housing quality standards, and all applicable <br />local code requirements, and shall keep the Property free from any unreasonable <br />accumulation of debris or waste materials. Developer shall also maintain in a healthy <br />condition any landscaping required to be planted pursuant to the Scope of Development. <br />Upon a sale of Property approved by the Agency, Developer may assign its obligations <br />relating to continuing maintenance of the Property to the qualified homebuyer. <br />5. No discrimination. Developer covenants and agrees for itself, its successors, <br />its assigns and every successor in interest to the Property or any part thereof, there shall <br />be no discrimination against or segregation of any person, or group of persons, on <br />account of race, color, religion, sex, marital status, disability, national origin or ancestry <br />in the sale, transfer, use, occupancy, tenure or enjoyment of the Property nor shall <br />Developer itself of any person claiming under or through it establish of 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. <br />6. No discrimination in Sale/Clauses. Developer shall refrain from restricting the <br />sale of the property on the basis of race, color, religion, sex, marital status, disability, <br />3 <br />