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403. Affordable Housing <br />403.1 Number of Units. Developer agrees to make available, restrict occupancy <br />to, and sell each of the two (2) single family housing units to be developed upon the Sites to <br />"Low Income Households" (as that term is herein defined) at an Affordable Housing Cost (the <br />"Affordable Units"). In addition, the Developer agrees to cooperate with the Agency in any <br />subsidized loan program the Agency may in its sole discretion make available to Low Income <br />Household purchasers of some or all of the Affordable Units. <br />403.2 Selection of Buyers. The Developer shall provide the Agency with a <br />copy of its Marketing Plan which shall set forth how the Developer plans to provide interested <br />households with information about the Sites. The Developer shall be solely responsible for the <br />selection of qualified purchasers of the Affordable Units. Developer shall ensure that there will <br />be adequate homebuyer education with HUD approved pre- and post- purchase counseling. <br />403.2.1 Marketing and Outreach Plan. The goal of the Marketing and <br />Outreach Plan is to insure that the marketing of affordable for-sale housing be as broad and <br />inclusive as possible in order to inform and attract as many prospective buyers as possible. The <br />Outreach and Marketing Plan and the associated applicant selection procedures will be targeted <br />to purchasers regardless of race, color, religion, sex, disability status, familial status or national <br />origin. The Marketing Plan is attached hereto as Exhibit M. <br />Information shall also be provided on the Developers website, City of Santa Ana website, City <br />cable channel, Workforce Investment Board, Santa Ana Chamber of Commerce, Santa Ana <br />Unified School District, Rancho Santiago Community College District, Community <br />Development Resource Network Newsletter and through neighborhood associations. <br />A. LOTTERY <br />Developer shall be responsible to organize, schedule and coordinate a lottery drawing, which <br />shall be open to the public. The lottery shall take place not less than 90 days prior to completion <br />of the available unit. <br />Preference shall be given as follows: (1) Veterans who live or work in the City of Santa Ana, (2) <br />households who live or work in Santa Ana, and (3) others. Those claiming the preferences will <br />be maintained separately. For the purpose of the lottery drawing, the lottery will be divided by <br />those who have claimed a preference and those who do not. All lottery forms will be drawn and <br />numbered to create a complete list of alternate applications. <br />Developer shall provide written notification to lottery participants informing them of the results <br />and their priority number. This priority number represents the order with which prospective <br />buyers' will be reviewed for final determination of eligibility. If a household who was selected <br />claimed a preference but could not verify such will be deemed ineligible and the next selected <br />participant will be notified. <br />Pre-purchase counseling must be completed PRIOR to close of escrow. <br />600457905v2 3 263 6 <br />