80A - JOINT PH - RESO AND DDA WITH HABITAT FOR HUMANITY

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to the Purchaser and the entire explanation and execution of said document must be videotaped by the Developer. A copy of said videotape shall be placed on a CD which shall be kept by the Developer and the Agency. b.the Notice of Affordability on Transfer of Property (which shall be for a term of at least forty-five (45) years which is attached hereto as Exhibit G); c. the Agency Promissory Note (attached hereto as Exhibit O ). The principal amount of the Agency Promissory Note shall be in an amount equal to the difference between the sales price of the Affordable Unit and the fair market value of such unit as if no restriction were placed thereon, as determined by the sales price of equivalent unrestricted units on the Sites at the time of such sale. If there are no equivalent unrestricted units on the Sites at the time of sale, the fair market value of the unit shall be determined by appraisal which is reasonably acceptable to the Agency; d. Agency Deed of Trust (attached hereto as Exhibit P); and, e. the Homebuyer Loan Agreement (attached hereto as Exhibit Q). 403.5 Affordable Housing Property Tax. Developer shall be responsible for applying to the County of Orange to request that the property tax be based on the restricted value with the affordability covenants that are recorded against each Affordable Unit. 403.6 Maintenance. The Affordability Restrictions on Transfer of Property and the Affordable Housing Agreement shall require each of the households to maintain their property in conformance with local and state requirements. 403.7 Reasonable Efforts to Sell Affordable Units. The Developer agrees to exercise reasonable efforts consistent with prudent business practices to sell all of the Houses developed on the Sites to owner-occupants as soon as practical following the completion of the construction. The Developer agrees that the Houses developed on the Sites shall not be sold to the Developer or any parry/employee related to the Developer. 404. Transfer to Homebuyer. Developer shall transfer each completed House to a qualified Homebuyer no later than one (1) year after Closing of the Phase in which such House in included. 405. Nondiscrimination Covenants. Developer covenants by and for itself and any successors in interest that, upon Developer's acquisition of the Sites and during the period of Developer's ownership thereof there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, disability, sex, marital status, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Sites, nor shall Developer itself or any person claiming under or through it establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Sites. Developer shall refrain from restricting the rental, sale or lease of the Sites on the basis of race, color, religion, disability, sex, marital status, ancestry or national origin of any person. 30 EXHIBIT 4 8OA-45