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l3erirotnai 3C) "ru AM1 5 <br />C3irc lSealiaurni !�( } "'r AIII cy <br />Studio Vhnaaa Cr �Llr,it 1 <br />C. At initial lca,:, aap, liou sOicilds ill the HOME assisted units Qannot carn more th aii <br />50% of AMI, liowew er existing tenanils at the Property who are otherwise eligible nri190- <br />the llC3;ME Program nr;ay coritnrue their tenancy at the Property. Rental nrci—cases slwaall be <br />in conformanace with federal and state law. After the lifteCn (l5) year I I <lME eompflance <br />pearrrd, tlrC City aluall u caluiTC than the units remain aahlirrel,ahle, with i-Qnts ca- lculaated based <br />on aswurm,,d lio usehold sire; at the same income levdl <br />D. All of tlic d-IOME units will he restricted to oCCrapancy by Ell y perccnl (50` ) ofthe <br />Area iwtdedian hica,rnre (AMI). Current residents wvliose exeeed eighty percent (80%) <br />of tNi � AMI ww H be increased to other thirty (30%) here —it of their mondwly'houselaold <br />income or market rent for the r lei g;hkxra- 110od, Wh.ichover is low en <br />P. Maximum OQe; iparncy will be two (2) people per racoon phis one (11). I:xaiaplc for a twvo- <br />hedrooii unit, five (5) people would he nlaxirnuutrr erccu:paancy. <br />U. Affordable rent., shall be g;ovcrned by California dlca.lth aarael Safety C Ode :Sections <br />50052.5 and 50053(h)(2), and a� provided in the HOME RCg;ulations 24 C'FR :9edioii 92.2. <br />Ci Developer raraust liaave; as written lease betwvcon tenant and owvraer For Ta period of at least <br />one yea:ur, imlews a shorter period is rvnrtually aug;recd upon. Leases must be consistent wiili <br />110M F. Regulations 24 C FR section 92,209(g)- <br />ILL. Rents C7uringC" nrrwtrauetiarn�ICehahihtsatiain: <br />(a) All I IOMF tin -its shall he charg o d not more than the Low I IOME recut. as <br />rariicnded from ti.nie; to tine (CUrrCrItl,y $914.00 For ar one- bedroom unit and 585:3 Ior a studio <br />Unit). <br />7.2 Affordable Cross Startffi2 Rents J1,ess Reasonable. Utility Allow imco)r. Initial . <br />rents may he MCalCnlated tea arllowable, refflaal aaniounts at the time of initial lease -up <br />following conipictrawru ol'com"In.uctuon in accordance with arty cliangcy in allowable <br />rant and income taahles as published by HUD. Af iri•a'luhlea rents d3rr non,I;IOME± <br />�assisled units will he based oil the amts publislwd aauinu "ally by C:'alifo nia "Fw.x C l-edil <br />Allocation Committee (,'F(,A(")- <br />ft,, )JON''If ", Assisted knits <br />a* of d.lnitti Max Gross fy! ontl2l , Rent <br />Very Low 'Studio 2 S 853 <br />l Bedroom 7 $ a)lal <br />H <br />25-22 <br />