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(b) The Affordable Rents for Extremely Low Income households shall <br />not exceed the lower and more restrictive of: <br />(i) The extremely low income rents as calculated under the <br />methodology presented in California Health and Safety Code Section 50053(b)(1); or <br />(ii) The standards set forth by the California Tax Credit <br />Allocation Committee (TCAC). <br />(c) Utility allowances shall be deltcted from the maximum gross <br />monthly rent charged to tenants of the Affordable Umts, `I'lic Santa Ana housing Authority <br />publishes the utility allowance. r <br />703. Rent Increases. On an annual basrsrtlae"Agency/C)1y,,shall provide the Developer <br />with the maximum allowable schedule of rents for th~`property. In rib.'eveut can Developer charge <br />any tenant more than such amount. ' <br />500. AGENCY AND CITY <br />801. Agency Representatiops-nnd Warranties. `tgcncy hereby represeirts and warrants <br />to Developer, as of the dale of this Agrecgieijt as.follows <br />801.1 Authority Agctiby rs a j`!ublic body,,;cnrporate and politic, existing <br />pursuant to the California Community Redeyelopm~pt Law,. (California Health and Safety Code <br />Section 33000, et se9 ), Which has; been authorized to tlans3at Jiisincss pursuant to action of the City, <br />As of the date of this Agreement, Agency has fu~ir`iight, povJei•~and lawfirl authority to execute, <br />perform, and deliver this Agreement, Together wit)r -Xts exhibits, and has been fully authorized by all <br />requisite actions on the part of Agency :., ;,, <br />~~ 801.2 ~Vq Coii~'lict. To ~fhe best drf~~Agency's knowledge, Agency's execution, <br />r.,, <br />delivery,drjd performance of its obhg'dtions under=f)i'is Agreement will not constitute a default or a <br />breach uRdet4any contract, agreement or bf~ier to which Agency is a party or by which it is bound. <br />802. `'-City Represent <br />Developer, as of the date of this <br />as follows: <br />City hereby represents and warrants to <br />802.1 ' zA <br />of the date of this Agrecrn <br />deliver this Agreement, is <br />actions on the part of City. <br />y City is a California municipal corporation and charter City. As <br />~~ has Rill right, power and lawful authority to execute, perform, and <br />with its exhibits, and has been fully authorized by all requisite <br />802.2 No Conflict. To the best of City's lmowledge, City's execution, delivery <br />and performance of its obligations under this Agreement will not constitute a default or a breach <br />under any contract, agreoment or order to which City is a party or by which it is bound. <br />900. DEVELOPER REPRESENTATIONS ANll WARRANTIES <br />901. As a material inducement to Agency/City to enter into this Agreement, Developer <br />represents and warrauts as follows: <br />28 <br />