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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=~~~vo (2) bedroom <br />Rental Units to Very Low Incom~~~ouseholds at an <br />Affordable Rent• a eleven 11 ;=~~te two 2 bedroom <br />Rental Units to Extremely Lov~~Ize'bm'e~=I~ouseholds at an <br />Affordable Rent; {iii) nineteen;;,{,1'9)t~ of the`~l~~ee (3) bedroom <br />Rental Units to Vety Ado>``~income Hotisekl~lds at an <br />Affordable Rent; and ~~~€oir 4 of the three'~~ 3,'-bedroom <br />Rental Units to Extrerriel,Zow Income Househ~l`~s ~,;,at an <br />Affordable Rent. _.......=.. ..,...r.__. _.: <br />{b) In Phase;; =~~,, of twenty=ff~ ~~ X2:5) newly construct~'d <br />Rental Units aud','~aft~a~aximately ~fc~t~t'teen {14) rehabilitated <br />Rental Units, 20~`erderit~tf„all unite`?kll be available for <br />Extremely Low Irie'~Ine IIaus~~olds ard`~he. remaining for <br />T~~ij ;ate, Income ~Iolaseholc~s~t'an;. Affor~ble Rent. With <br />respect ~ta,lumber o~bedr~ams, 'tle:~,~uaal'distribution of <br />.. ~s;:-~ <br />Rental Units Ito Very Lc~t~:otne Households and Extremely <br />`a~~;Incom~auseholds~=~~a11 be subject to the approval of <br />For-Sale Units. Section 402.1 of the <br />DDA 5:~reby deleted aridreplaced~ri~ts entirety`a~d with the following: <br />"Num'iZ~,, Loca~an;,,and Quality of Affordable For-Sale <br />,::._, <br />Units. least ore=~(1) of the Housing Units developed on <br />each of t)ahree {3) separate lots constituting Phase FS, the <br />For-Sale :~tian of the Development, but up to a total of five <br />`O=~or,,~.I~'~ots, shall be sold to Moderate Income Households, <br />ati'~~t~~t~ces set forth in Section 402.2 hereof, i. e., the <br />Affo~~able 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 3-21 <br />Exhibit 3 <br />DOCSOC/148123 9v3/200272-0001 <br />