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repay the Agency Loans - Rental or~ponent Pram g°Io of the Residual Receipts <br /> generated by Phases and <br /> the Agreerent requires the Develaper fa fulfill the fallawir~g requirements related to the far sale <br /> component of the Project: <br /> 'i. Satisfy the fallowing re~uirernents related to the provisian of affordable far-sale housing <br /> in Phase F; <br /> a. or~struct one maderate income tanhor~e unit on each of the six ~G} parcels <br /> containeai in Phase F, far a fatal of six ~~}income restricted units, <br /> b. avenant and agree that each of the Affordable Far~ale Units will be sold at an <br /> Af€ardable Hauling host, <br /> c. Prepare and submit #o the Agency a NiarlCeting and Outreach Plea. <br /> d~ aordinate ~ public lottery with respect to the Affordable Far-aie Units, with <br /> preference given as follows; <br /> i. Households displaced ~rithin the station District; <br /> ii. Households who live ar warp in Santa Ana; and <br /> iii. All other households. <br /> e. Provide, or cause to be provided, a one-an-one hauling counseling with each <br /> prospective homebuyer. <br /> <br /> 2, satisfy the following re~uiren~ents prior to the sale of each Affordable Far-dale Unit and <br /> the disbursement by the Agency of each Homeboyer Assistance Laan: <br /> a. Provide the Agency minimum of ten 0}days notice of the estimated closing <br /> dote of each Affordable For~ale Unit; <br /> h. Approve and retard the covenants, onditians, end Restrictions far the <br /> homeowners asaciation~ <br /> c. Complete the construction of the Affordable For-dale Unit, as evidenced by a <br /> certificate of occupancy; <br /> d~ inter rota and deliver to the escrow holder the Hornebuyer Loan Agreement and <br /> all related loan dacur~ent; <br /> e. submit sufficient evidence of the issuance a homeowners insurance palMCy; and <br /> 8 <br /> 3 0~3 i 5.A Ef }-l}~:g~d <br /> i8t390.E}D~.067 <br /> <br />