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7. Number of Affordable Rental Units. Section 401.1 of the DDA is hereby deleted <br />and replaced in its entirety and with the following: <br />"Number of Affordable Rental Units. Pursuant to this <br />Agreement and the Regulatory Agreement, the Developer <br />covenants and agrees to make available, restrict occupancy to, <br />and rent the Rental Units at an affordable rent pursuant to <br />Section 401.5 as follows: <br />(a) In Phase R-1, of seventy-four (74) newly constructed <br />Rental Units: (i) thirty-nine (39) of the=two (2) bedroom <br />Rental Units to Very Lo <br />Affordable Rent; (ii) eleven <br />Rental Units to Extremely L <br />Affordable Rent; (iii) ninete <br />Rental Units to Very I <br />Affordable Rent; and rta .dt11 <br />Rental Units to ExtreriW.J,i <br />Affordable Rent. <br />w lncon%*N 1*Ibuseholds at an <br />(I1 :i a two (2) bedroom <br />3111, Households at an <br />ri_` of the` fhe (3) bedroom <br />`income Ho490bolds at an <br />(4) of the three M- bedroom <br />w Income House}i"__at an <br />(b) In Phass l 2, of twenty f _,2s) newly constructed <br />Rental Units dh`,'1 mately fifteen (14) rehabilitated <br />Rental Units, 26*R' Ix txf„ all unit ill be available for <br />Extremely Low ItY(xlne H°ds6holds aric?=?he remaining for <br />:. . <br />V.;,et?u-b.w. Income FIQ aseholdss .,Affort _ le Rent. With <br />aspect to. number o+I bedramse final "distribution of <br />Dental Uni# Very Lave°eome Hous ids and Extremely <br />o;_Income=Households=I1 be subject to the approval of <br />the k'cncv.,i eutive Dire&&" <br />lrumr5eli Locatioq end (Zuali tl€Affvrdable For-Sale Units. Section 402.1 of the <br />DDA i's"- by deleted i6 replaced n4 is entirety and with the following: <br />"Numljer,, LocattOtt:,,and Quality of Affordable For-Sale <br />Units. least ond=(1) of the Housing Units developed on <br />each of th_three (3) separate lots constituting Phase FS, the <br />€F;or-Sale:rtion of the Development, but up to a total of five <br />for_...I pits, shall be sold to Moderate Income Households, <br />at` :# }prices set forth in Section 402.2 hereof, i.e., the <br />Afforble For-Sale Units. The location of the Affordable <br />For-Sale Units within the For-Sale Portion of the Project will <br />be subject to the reasonable approval of the Agency Executive <br />Director pursuant to applicable laws and regulations. The <br />Developer covenants and agrees that the workmanship, <br />quality of materials, and costs of construction for and the <br />amenities, and physical features of each and all of the <br />Affordable For-Sale Units shall be equal to, and under no <br />circumstances or conditions less desirable than, all other <br />Housing Units in the For-Sale Portion of the Project. <br />3 <br />Exhibit 3 <br />DOCSOC/ 1481239x3/200272-0001 <br />80A-210