19H - INCLUSIONARY AGMT 1901 E FIRST ST

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Affordable Rent. The Affordable Rent may be re- evaluated once annually based on changes in the Gross Household Incomes (usually updated during the first quarter of each year). Any changes in the rents charged for the Inclusionary Units must first be approved in writing by the Program Director. The Property Owner, or property manager, must provide written notice to each Household renting an Inclusionary Unit at least 30 days in advance of any rent increase. Tenant Criteria (a) Determination of Income Qualification. Property Owner shall make the determination that a Household qualifies as a Low Income Household. All prospective Inclusionary Unit tenants must provide supporting documentation to substantiate that, among other requirements set forth in this Housing Plan, their Gross Household Income establishes them as a Low Income Household. The supporting documentation shall include: I. Copies of income tax returns for each member of the proposed Low Income Household certified by the applicable Household member as true for the most recent tax year in which a return was filed. ii. At least one of the following for each Household member providing income information: .two pay-checkstubs_ from -the membee -s- most- recentfsay periods.— • An income verification certification from the member's employer. • An Income verification certification from Social Security Administration and /or California Department of Social Services if the member receives assistance from either of those agencies. (b) Standard Resident Qualification Criteria. An income - qualified Low Income Household remains subject to all other criteria used by Property Owner for the screening and selection of tenants within the Project (the "Standard Criteria"), with the sole exception of the standard income requirements for Market Rate Units. Examples of the Standard Criteria include, but are not limited to, credit history, number of occupants, and pet restrictions. The current Standard Criteria is set forth in Exhibit B and may be changed from time -to -time at Property Owner's discretion, provided that (1) all Standard Criteria are applied equally to all tenants within the Project and (ii) the sole income qualifications for a Low Income Household are those set forth in Paragraph (a) ( "Determination of Income Qualification ") above. Final Determination of Qualification (a) Sequencing of Determinations. Subject to the provisions below addressing "Priorities Among Applicants," to the extent practicable, the qualification of applicants for Inclusionary Units will be determined in the chronological order of the dates of their completed applications. An application is not deemed complete until all Information 3 19H -38