19H - INCLUSIONARY AGMT 1901 E FIRST ST

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statements, interest statements, and/or unemployment compensation statements to determine eligibility to reside in the Inclusionary Unit. Once per year, over the life of the Affordability Period, the Property Owner or property manager will recertify each tenant in an Inclusionary Unit's annual Gross Household Income. The Property Owner or property manager will establish an annual recertification schedule and perform all tenant recertifications at the same time. Each tenant will be required to provide the appropriate documentation to certify their Gross Household income. Composition of Household Any alteration to the Household composition must be disclosed during the annual recertification process. C. Income Eligibility Criteria Gross Household Income The Property Owner or property manager will-consider Gross Household Income— - for all Adult Household members when determining Applicant eligibility to reside in an Inclusionary Unit. The funds included in Gross Household Income are detailed in the definitions section of these Administrative Procedures. Maximum income The maximum allowable income is set forth for each Project and /or unit by the affordable housing agreements recorded on legal title to the property. Income levels include, but are not limited to Very-Low and Low Income as defined in these Administrative Procedures. The 2014 household income limits are presented in Attachment D to this Administrative Procedures Manual. In the case of conflict among the agreements, the most stringent requirement must be applied. D. Affordable Rent Calculations Rental rates for the Inclusionary Units must be set at levels affordable to Very- Low Income Households and Low Income Households as set forth in the Project's Inclusionary Housing Agreement. The Affordable Rent is equal to the Affordable Rental Housing Administrative Procedures Page 13 1407003.SNA August 8, 2014 19H -95