RecDoc 2016-116997 - Laserfiche WebLink

Browse Search

(c) Annually, OWNER and its successors shall provide to the City a current, executed Income Verification and Information Form for each person occupying an Affordable Unit, along with a summary for the applicable year signed by OWNER or its successor, certifying compliance with the provisions of this Agreement under penalty of perjury. ( d ) To certify the compliance of OWNER or its successor with these provisions, the City shall have a right to inspect the books and records pertaining to such matters of the then owner(s) or operator(s) of the Property. (e) Each rental agreement or lease for an Affordable Unit must contain a provision to the effect that OWNER has relied on the income certification and supporting information supplied by the tenant in determining qualification for occupancy of the Affordable Unit, and that any material misstatement in such certification (whether or not intentional) will be cause for immediate termination of the rental agreement or lease. Section 4.04. Affordability Compliance Report. Annually prior to December 31st of every year of the Rental Affordability Covenants Term , OWNER shall submit a Report to the City containing, at a minimum, the following items and information : i) A site map showing the unit numbers and locations of all units and all Affordable Units; ii ) Total number of Affordable Units that are occupied; iii ) Total number of Affordable Units that are vacant; iv) A certified rent roll for Affordable Units containing the unit numbers, the lease commencement and expiration dates, the numbers of bedrooms and bathrooms within the rented Affordable Units, the rental rate for each rented Affordable Unit, and indicating which units are rented as Affordable Units; v) For each Affordable Unit, the unit size, household size, household income, income limits for a Qualifying Lessee, Maximum Affordable Rents for a Qualifying Lessee, utility allowance, and total monthly rent. vi) Evidence that the income for each tenant of an Affordable Unit does not exceed the maximum income for a Qualifying Lessee, which such evidence may come in the form of an executed Income Verification and Information Form. vii ) Such other information as may be reasonably required by City to determine compliance with the terms of this Agreement. Section 4.05. Affordability Housing Monitoring Payment. OWNER shall pay City to cover the administrative cost of compliance monitoring that is designed to confirm adherence to the Affordable Housing Agreement requirements and provide technical assistance to the OWNER, its representitives or management AI IY/AGR/2016.243/849 VETERANS AFFORDABLE HOUSING AGREEMENT REV: 08-30-16 VR Page 5 of 12