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80A - JOINT PH - RESO AND DDA WITH HABITAT FOR HUMANITY
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80A - JOINT PH - RESO AND DDA WITH HABITAT FOR HUMANITY
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1/3/2012 3:49:52 PM
Creation date
3/16/2011 5:57:51 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
3/21/2011
Destruction Year
2016
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or national origin. The Plan shall be provided to Agency by Developer, and is attached hereto as <br />Exhibit M. <br />Information shall also be provided on the Developer's website, City of Santa Ana <br />websites, City cable channel, Workforce Investment Board, Santa Ana Business Alliance, Santa <br />Ana Unified School District, Rancho Santiago Community College District, Community <br />Development Resource Network Newsletter, households displaced by redevelopment projects in <br />the City and through neighborhood associations. <br />403.3 Income of Buyers. Prior to the sale of any Affordable Unit to a <br />purchaser, the Developer shall submit to the Agency a completed income computation and <br />certification form from each purchaser of an Affordable Unit in the form which is provided by <br />the Agency. Each purchaser shall certify, to the best of the purchaser's knowledge, that it is a <br />Low Income Household or a Moderate Income Household, as applicable, and meets the <br />eligibility requirements established for the Affordable Unit. The Developer shall obtain an <br />income certification (copy of Income Certification Form attached hereto as Exhibit N) from the <br />prospective purchaser of an Affordable Unit and shall certify that, to Developer's Actual <br />Knowledge, the income of the prospective purchaser is truthfully set forth in the Income <br />Certification Form. For purposes of such certification, the Developer shall verify the income <br />certification of the prospective purchaser in one or more of the following methods reasonably <br />acceptable to the Agency: <br />(a) obtain two (2) paycheck stubs from the prospective purchaser's <br />two (2) most recent pay period. <br />(b) obtain a true copy of an income tax return from the prospective <br />purchaser for the most recent tax year in which a return was filed. <br />(c) obtain an income verification certification from the employer of <br />the prospective purchaser. <br />(d) obtain an income verification certification from the Social Security <br />Administration and/or the California Department of Social Services if the prospective purchaser <br />receives assistance from such agencies. <br />(e) obtain an alternate form of income verification reasonably <br />acceptable to the Agency, if none of the above forms of verification is available to the <br />Developer. <br />403.4 Homebuyer Documents. At the closing of escrow for the purchase of <br />each Affordable Unit, the Agency will require each Low Income Household and each Moderate <br />Income Household purchasing such Unit to execute the following documents: <br />a. the Affordable Housing Resale Restrictions (attached hereto as Exhibit F). The <br />Affordable Housing Resale Restrictions shall permit sales of an Affordable Unit sold to a Low <br />Income Household only to a qualified Low Income Household or of an Affordable Unit sold to a <br />Moderate Income Household only to a qualified Moderate Income Household, in each case, at an <br />Affordable Housing Cost. The Affordable Housing Resale Restrictions must be fully explained <br />29 EXHIBIT 4 <br />8OA-44
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