Laserfiche WebLink
<br />3. Marketina: Contractor shall comply with City affirmative marketing plan <br />for HOME assisted housing. For purposes of this agreement, Contractor shall select <br />eligible HOME tenants from a pool of applicants referred by the Golden Gate Regional <br />Center no later than the date on which construction will begin or in the case of vacant <br />uni~ 5, immediately upon completion of rehabilitation work or the earliest date unit is <br />habitable for occupancy. Kainos Home & Training Center is exclusively a residential <br />development and meets the City's Consolidated Plan goals of expanding the supply of <br />affordable housing for special needs populations and persons with disabilities. <br /> <br />4. Income Affordabilitv and Occuoancv Restriction: In accordance with the <br />provisions of the HOME Investment Partnership (HOME) Program, the units <br />rehabilitated on this property shall be subject to HOME Program requirements and shall <br />be at all times, be occupied by qualified low income households. A Qualified low- <br />income household shall: <br /> <br />. have a household income no greater than 50% of the area median income <br />established by HUD for San Mateo County, <br /> <br />. shall be a resident within the incorporated limits of the City of Redwood City prior to <br />the time of application, and <br /> <br />. shall be a person with developmental disabilities, as defined by the City's <br />Consolidated Plan which documents housing for special needs populations and <br />persons with disabilities <br /> <br /> <br />INCOME LIMITS BY FAMILY SIZE <br />2003 SAN MATEO COUNTY INCOME LIMITS <br />:as defined b HUD and the State of California <br />----INCOME LIMITS BY FAMILY SIZE <br /> <br /> <br />1 <br /> <br />2 <br /> <br />3 <br /> <br />4 <br /> <br />5 <br /> <br />6 <br /> <br />7 <br /> <br />8 <br /> <br />Extremely <br />ow* <br /> <br />$23,75~$27,J51 $30,559$33,95q <br /> <br /> <br />$78,720 $84,120 $89,58 <br /> <br />Ve Low* <br /> <br />$39,60 $45,25d $50,900 $56,550 $61,05 <br /> <br />HOME limit* <br /> <br />$47,520 $54,300 $61,080 $67,860 <br /> <br />Rent terms to Beneficiary shall provide a monthly payment not to exceed 30% of <br />adjusted gross household income. Household income shall be reviewed annually by <br />Contractor and payments adjusted accordingly during the life of this agreement. <br /> <br />9/11/03 <br /> <br />11 <br /> <br />""_. ""~~"" .. _U, T " <br />