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03 - Joint PH - Amend to DDA-Con Plan and Loan Agree for Vista Del Rio
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03/15/2010
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03 - Joint PH - Amend to DDA-Con Plan and Loan Agree for Vista Del Rio
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1/3/2012 3:33:26 PM
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9/23/2010 5:29:01 PM
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City Clerk
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Agenda Packet
Item #
03
Date
3/15/2010
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<br />have a 2009 Maximum t'nross Monthly Rent of $969.00, subject to deduction for utilitios <br />allotvatiee as set forfit itt Seetiozi 401,4 " <br />3: Section 401.4. Unit Mix shall be amended as follows; <br />There shall be (11) HOME'assisted units and (29) Agency assisted units. The HOME <br />assisted units shall be floating touts and shall be distributed ttuoughout the Project with <br />comparable amenities to the other units, <br />Agmtcy and Vista Jot Rio agree that ttte breakdown of unit affordability for the Units shall be as <br />follows, under ibis Agreontent and the Loan Agreement: <br />Agency and Vista l~el ltio agree that the Yeu 2010 initial rents attd the breakdown of <br />tutu affordability for the Bxtromely Low lztcomo.Utrits shalt be as follows: <br />' ii of Units It of HOME 2010 Max. <br /> (Agency) units Grass Monthly <br /> ltentss` <br />Shulio Extremely Low Units 7 2 $488 <br />One Bedroom Exhentely Low Uttits 8 2 $523 <br />Two Bedroom Extremely Low Uiuts 0 1 $627 <br />Agency and Vista llel Rio agree that the Year 2010 htitial rents and the breal;dotvn of unit <br />affordability for the Very Low Income lJttits shall Ue as follows, <br /># of Uttits ~ ~ of HOME ~ 2010 Max <br />• (Agency) ututs Gross <br />Mozttltly <br />Rents£ <br />Shtdio Very Low Units 4 2 $753 <br />One BedroomVetyLowUttits' 8 2. .$861 <br />'l~vo Bedroom Vety Low Uztifs 2 ?. $969 <br />2 <br /> <br />3-8 <br />
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