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<br />MAXIMUM HOME RENT SCHEDULE <br /> <br />Income <br />Cate or <br /> <br />Studio <br /> <br />-------HOME PROGRAM RENTS------- <br />1-BR ! 2-BR 3-BR 4-BR <br /> <br />5-BR <br /> <br />G-BR <br /> <br /> <br />High $1185 I $1358 $1632 $2075 $2271 $2467 <br />HOME <br />Rent Limit <br /> For Information Onl : Fair Market Rent <br />50 Rent $990 $1060 $1272 $1470 $1640 $1809 $1979 <br />Limit <br />65 Rent $1266 I $1358 I $1632 I $1877 $2075 $2467 <br />1 I <br />Limit I I I <br /> <br /> <br /> <br />5. Maximum Per Unit Subsidy: Contractor shall cause HOME funds <br />allocated to this project not to exceed the maximum per unit subsidy amount as defined <br />by HOME regulations. <br /> <br />MAXIMUM PER UNIT SUBSIDY <br /> <br />I Unit Tvpe Maximum per unit HOME <br />Subsidv <br /> <br />I Studio $ 74,340 <br />1 -bedroom $ 85,006 <br />2-bedroom $103,622 <br />3-bedroom $134,051 <br />4-bedroom $147,147 <br /> <br />6. Affordabilitv Restriction: The term of said affordability restriction shall be <br />fifteen (15) years from date of this agreement. <br /> <br />7. Tenant Participation Plan: Pursuant to 24 CFR 92.303 Contractor must <br />adhere to a fair lease and grievance procedure approved by the City and must provide <br />a plan for and follow a program of tenant participation in management decisions. Said <br />plan shall be submitted to the City at the time Contractor signs this agreement. <br /> <br />8. Environmental Review: City shall conduct the necessary environmental <br />review consistent with NEPA regulations to disburse funds under this agreement. <br /> <br />9/11/03 <br /> <br />12 <br /> <br />"." ."", .".-""'."'"--."T"' <br />