ORANGE COUNTY COMMUNITY HOUSING CORPORATION - 2008

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10/1/08 Hazardous Substance Account Act), (iii) defined as a "hazardous material," "hazardous substance," or "hazardous waste" under Section 25501 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory), (iv) defined as a "hazardous substance" under Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances), (v) petroleum, (vi) friable asbestos, (vii) polychlorinated byphenyls, (viii) listed under Article 9 or Administrative Code, Division 4, Chapter 20, (ix) designated as "hazardous substances" pursuant to Section 311 of the Clean Water Act (33 U.S.C. Section 1317), (x) defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. section 6901 et seq.,(42 U.S.C. section 6903) or (xi) defined as "hazardous substances" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. section 9601 et seq. "Household Size Appropriate for Unit" for the purpose of determining Affordable Housing Cost only, means four persons for a three bedroom Affordable Unite and five persons for a four bedroom Affordable Unit. Household Size Appropriate for Unit is not intended to constitute a limitation on the number of persons who may live in the Unit. "Improvements" means the improvements to be constructed by the Developer upon the Sites, all more specifically defined herein and in the Scope of Development. "Lender" is defined in Section 311.2 hereof. "Lower Income Households" shall mean persons and families whose income does not exceed the qualifying limits for lower income families in Orange County as established by the State of California pursuant to Health and Safety Code section 50079.5, as such qualifying limit is amended from time to time. "Monthly Housing Costs" shall mean (i) one-twelfth of the annual cost of principal and interest payments on each loan secured by a mortgage on the Affordable Unit and loan insurance fees, if any, associated with such mortgages; (ii) one-twelfth of the annual cost of property taxes and assessments; (iii) one-twelfth of the annual cost of fire and casualty insurance covering replacement value of property improvements; (iv) one-twelfth of the annual cost of property maintenance and repairs; and (v) one-twelfth of the annual cost of a reasonable allowance for utilities to be determined by the Agency, including garbage collection, sewer, water, gas, electricity, and other heating, cooking or refrigeration fuels, but not telephone service. "Mortgage" is defined in Section 311.2 hereof. "Notice" shall mean notice in the form prescribed by Section 601 hereof. "Notice of Affordability Restrictions on Transfer of Property" means the document legally required to be recorded identifying that there are long term covenants and restrictions pertaining to affordability of the Affordable Units.