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A. HOME Assisted Units <br /># of Units Max Gross Monthlv <br />Rent <br />Very Low 3 Bedroom 2 $ 1,252 <br />(1) In no event shall the rent charged to the HOME assisted units be more <br />than that amount of the low rent as published by HUD, as amended from <br />time to time. <br />(2) Remaining non -HOME units will be based on TCAC rents. <br />3.3 Rent Increases: On an annual basis, the City shall provide the Developer with the <br />maximum allowable schedule of rents for the Property. In no event can Developer charge <br />any tenant more than such amount. <br />4. Developer, its successors and assigns, shall not charge rents for the Units in <br />excess of the amounts set forth herein, as adjusted on the basis of the revised schedules of <br />area median incomes issued from time -to -time by HUD. The Executive Director shall <br />notify Developer in writing of the adjusted allowable maximum incomes and rents. <br />5. Developer shall adopt and include as part of its Management Plan <br />(described in Section 11 below), written tenant selection policies and criteria for the Units, <br />that meet the following requirements: <br />(a) Are consistent with the purpose of providing housing for Very Low, <br />Low, and Moderate Income households; <br />(b) Are reasonably related to program eligibility and the applicants' <br />ability to perform the obligations of the lease; <br />(c) Give reasonable consideration to the housing needs of households <br />that would have a preference under 42 CFR §906.211 (Federal selection preferences for <br />admission to Public Housing); <br />(d) Provide for: <br />(i) The selection of tenants from a written waiting list in the <br />chronological order of their application, insofar as is practicable; and <br />(ii) The prompt written notification to any rejected applicant of <br />the grounds for any rejection; <br />(e) Provide first priority in the selection of qualified eligible tenants to <br />households that are referred by the City; and <br />(f) Carry out the Affirmative Marketing procedures of the City of Santa <br />Ana, which are designed to provide infonnation and otherwise attract eligible persons <br />3 of 10 <br />