AgdaPkt 2015-05-18 Closed and Joint SA and PFA

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9.A. - Page 25 increases imposed over the entire five year period (5%). However, if a proposed Borrower submits a Program Loan Application on July 1, 2015, and the proposed Borrower had increased rents in the Eligible Building since July 1, 2010 as follows: 6/1/11 – 5%; 6/1/12-5%; 6/1/13-5%; 6/1/14- 5%; and 6/1/15-10%, then the increase within the last twelve (12) months (10%) would be greater than the average of the increases imposed over the entire five year period (6%). ii. The Program Manager may allow for greater increases in rent charges during the twelve (12) months immediately preceding the date of submission of the Owner's Program Application and continuing through the date of the Loan Agreement reasonably justified by capital improvements or upgrades made to the subject rental units other than the installation of the Automatic Sprinkler System. b. From the date the Rent Stabilization Program Loan is approved, the Borrower shall not: i. Increase rental rates without first providing at least ninety (90) days written notice to tenants; or ii. Increase rental rates during any twelve (12) month period by more than the annual Consumer Price Index—All Urban Consumers for San Francisco-Oakland-San Jose, CA, (Series Id. CUURA422SA0) as regularly published by the United States Department of Labor, Bureau of Labor Statistics for the applicable period of time and as verified by the Program Manager, or five percent (5%), whichever is lower. iii. The Program Manager may allow for greater increases in rent charges during any twelve (12) months reasonably justified by capital improvements or upgrades made to the subject rental units other than the installation of the Automatic Sprinkler System. c. The Borrower must submit a written statement to the Program Manager annually verifying that rents in the Eligible Building have ATTY/RESO.3085/CC RESO—RWC FIRE SAFETY FIRST PILOT PROGRAM—ATTACHMENT A REV:05-12-15 VR Page 9 of 10