80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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} the t~~o ~2} bcdroon~ Rental Urrits ire Please ~ 1 to fiery Love rnco~e Households at an Affo~•dable Rent; t~~enty of the t~~o ~2} bedroom Rental grits ~n Phase R- to fiery Lo~~ Income Households at an Affordable Rent; fib} ( of tl~e t~vo ~2~ bedroom Re~~tal Units irr Phase R-I to Extre~r~ely Loup Incon~re Households at atr Affordable Rent; fire ~5} of the two bedraonr Rental Units ire Phase R-~ to Extremely Lo~v Incotne ~Io~~sel~olds at an Af~'ordabe Rerrt~ ~c~ off' the three bedroarn Rental U~~~ts in Phase R-1 to fiery Lo~v lt~cox~e Households at an Affordable Rent; nitre ~9~ or the three 3} bedroom Rental Units In Phase R-2 to fiery Low Income Households at an Affordable Rent; ar~d ~d} - of the three bed~•oon~ Rental Urrits in Phase R~ 1 to Lxtrernely Lo~v Income Ho~~sellolds at a~~ Affordable Rent; t~~xee ~3} of the three ~3~ bedroo~rr Rental U~~rt rn Please R-~ to ~xtrernely Lo~~ rr~can~e House}colds at an Affo~•dable Rent, ~trrativr~ of Affox•dabilit~ ~eq~uircrnez~#s. Tl~e Rental Urrits shall be s€~bject to tl~e requir•er~nents of this Agr•eernent ~Foz~ tl~e later of ~1~ fifty-fire ~5} years from the date of tl~e pity's lssuatrce of a certificate of occ~~pancy for tl~e applicable Phase or ~ii~ repayment itr fill of tl~e Promissory dote has defined i~~ the I~I)A~, electloir of Tez~ax~ts. The I)e~eloper• shat} be ~•esponsible for tl~e selection of tenants for the Rental units irr corrrpliat~ce Zvi#}~ la~~ful acrd reasonable criteria, as set fot•th iii this Agreement and tlxe Management Pla~~ ~vbic}~ is r*equired to be sub~rritted and approved by the Agency pursuant to eetior~ 9, Household ~rrcoxx~e Re~uiremen~s, l~o~~o~~it~g the initial lease-~zp of tl~e Rental Units i~~ each ofP}rase R~l at~d ~'l~ase R-2, and a~rtrually tl~e~iea~er, the De~eloper• shah s~~btr~it to the Agency, at tl~e l~e~~eloper's expense, a summary of the income, hol~ehald size and rent payable by each of t~~e tet~ar~ts of the Rental Units of s~rclr Please. At #l~e Agency's request, the Developer shall also provide to tl~e Agency completed it~co~rre computation ar~d certification forms, ire form reasonably acceptable to the Agency, for at~y slxch tenant or• ter~a~~ts~ The l~e~eloper shall obtain, or shall cause to be obtained by the Proper~#y Manager, a certi~icatiot~ fi~otn each household }easing a Rental Unit den~or~strat~n fleet such hoc#sehold rs a fiery Lo~~ Ir~corne Horrsel~old or Extr•etne~y l~o~~ Income Ho~~selrold, as applicable, and meets the eligibility requiretnet~ts established for• tl~e Rental UnitF The Developer shall verify, or shall cause to be ~eriified by the Propex~#y Ma~raer, the income cep*tification of the ho~~seho~d~ Affordblc Rent, The tnaxirnurn ot~thly Rent chargeable for flee Rental Units shall be at~trually deterrr~ined ire accordance ~vith the follo~~~ing r•egt~i~•ement. The Morrtlrly Rent for the Rental Units to be rented to l~xtretnely Lo~v Income Households shall not exceed the req~~ire~nents of TA acrd the Monthly Rent for the Rental Units to be rented to ~erY Lo~~ Irrcorne households shall not exceed the more restr•rctrve of ~1} TCAC or ~ii~ the arnou~rt set fot~}~ in ectio~r 50o~3~b}~2} oftl~e California Health and safety bode, For purpases of this Agreement, "Mon#l~ly Rent" means flee total of monthly payments charged to at~d Paid by tena~~ts or by ar~y other source ~e•gf section ~ vouchers for ~a~ use and occ~zpa~~cy of each Retltal Unit at~d land acrd facrlrtres associated tl~ere~~vith, ~b}any ~T~TAI-DENT 7-~ ~o~~~~~1~~~~~~~'1 ~~~~~~~~-~~~1 ~ ~