80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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fib} The Agency acl~no~~rledes that a buyer of ~ rnar'l~et dousing Unit nay elect at~d pay fo~4 x~pgrades or ilnpro~ernents that are not included in the plrrchase price fo~4 ~ Ha~~sing Ul~it of tl~e same size and rrroclel at~d tl~~~s not x~ecssarlly Included rn a corresponding Affordable For~Sale Unit, b~~t nothil~g its the foregoing ackno~vledlnent rnodl~es or lessens the De~eloper`'s obligation to pr'avide fir+s~ q~r~iit~~ Affordable Fir,»~l Hnlts ~s described ~~a~e, 4~~~~ a~itr~rirYl Sal Prlcs, Developer covenants and agrees that each of tl~e Affordable Por`-Sale Units shall be sold at an Affordable Housing ~ast~ Tl~e Developer acl~~o~vledges and agriees that such calculation may require it to ad~~lst the sales price far each Affordable For~Sale U~~~t ire order` tliat tl~e c~~ln«lative s~lms of the Horr~ebuyer Assistance Load, ~.oi~~ebuyer's do~il payment, and proceeds of first ! ie~~ a~•e adeq~~ate to purcliase such unit iii light of tl~e statuto~~y ~~eq~~irernerits that the Monthly ~-Ia~rir~ host ari payment faro such r~~~it does not exceed tl~e Affordable Houil~g Est as calculated as of the anticipated date of sale of each A~'forda~ble >~or`-Sale i~it~ 4U~,3 Affoi~da~~e orlsilig esa7e Restr~ef~o1~, 'The Homebuyer of each Affordable Fot•~ale gnat shall be obligated to enter` into and execute the Harnebuyer Loa~~ Agreelnei~t, ~~lilcl~ 111Cludes the requirement to pay a antinent Equity ~lal`c Alno~r~t 1~ the Affordable For`-Sale Unit is slot Bald to Eligible Persons a~~d Fa~rrilies, and such atlrer' documentation as tl~e Agency ~•easozxably req~~ir`es. Tl~e Homebtlyer` Lawn Agreement shall provide for a forty~five X45} ~ea~• affordability period {the "Affordability Period's}, and shall pei`rnit tl~e sale of the Affordable For Sale unit for a price in excess off` that at~~e~'4~rse permitted b~ tl~e Hoineb~~yer Loan Agreement prior to the end of the Affo~•dabllity Period upon the payment of an equity shar`ll~ al~~out~t to tl~e Agency ~~hicl~ permits the seller` to retain a partial ofthe sale proceeds ~D~~~ lectloll of ~Lly~i'~~ ~Vlar~etiil aid u~r~eae~r Marl. The Dcv~loper shall provide tl~e Agency ~~~itlr a copy of Its N~arl~etit~g and ~ut~•eacl~ Flan ~~l~icl~ shall set for`~h ha~v the Developer plans to provide ~~~terested l~o~~sel~olds ~vrtl~ lrlfor'rnatlarl about the Affordable For`-Sale Units. Tl~e Developea{ shall be solely responsible far the selectiar~ of qualified purcl~asei.s o~'the Affordable For`-Sale Uirit, Developers shall ensu~•e that the~•e ~vlll be lioinebt~yei' educatiol~ ire accor'dalrc~ with Section ~ ~,4~b~~ii} hereof The goal of the arl~etil~ acrd ~rltreach Plan is to insure that ~i) t~~geted ~>~arl~eting of Affordable For-Sale Units is provided to perso~rs with tl~e priorities set foz-tl~ bc~o~~, al~d iii} the inarketin of Affordable For-Sale U~~its to the gener;al pl~blic be as broad and lnclrlslve as p4sslble ~n orde~i to ir~for•~n al~d attract as tnany prospective buyers as possible, ~f the Developer reasallably expects that tl~e i~~lmber` of qualified purchasers of the A.ffoidable Fo~~ Sale ~l~lt ~~rlll srgnlflcantly exceed the supply, the nlarl~eting plan inlay include a lottery dr`a~vll~g ~!~itlr respect to file Affordable For-Sale Units, which shall be open to the public, Tl~e ~utr'eacl~ alyd ar'keting Plan and tl~e associated applicant selection procedures ~~ill be targeted to purchasers rga~•dlss of race, color, religion, sex, disability status, familial status ar national origit~~ ~nforinatlon shall also be provided an tl~e De~~eloper's ~vebsite, pity of Santa Ana ~~ebsite, pity cable channel, arlCfarce I~t~resttnc~~t oar`d, Santa Ana chamber' of omirrerce, Santa Ana U>~ified School District, ailcho Santiago ornrnulllty college Dist~~lct, ot~lmul~ity Development Resoa~rce ~et~~ork Newsletter, through neighborhood assoc~at~ons and to per•sans 4vho leave been displaced ~v~thil~ tl~e Station Dist~iict~ D OCSQ~l14~~C~73 1 ~i~~~~7~-D0~ ~