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c . Selection of Qualified Buyers . As used in this Agreement the term Qualified Buyer shall be further defined to mean a household which: 1) resides within the incorporated area of the City of Redwood City at the time of application. However, the first time home buyers that Developer selects to be the initial Qualified Buyer of the units shall have resided within the incorporated limits of the City of Redwood City for a minimum of one (1) year at time of application. 2) meets the following family size definitions : i) For two (2) bedroom units : 3-5 persons per family. ii) For three (3) bedroom units : 4-7 persons per family. iii) For the two (2) bedroom, wheelchair unit : 2-5 persons per family. Developer additionally determines a household is eligible to participate in the ownership of a unit both (i) economically (a household whose income does not exceed the qualifying limits for very low income households as established pursuant to Section 8 of the United States Housing Act of 1937 as amended from time to time) and (ii) non-economically (which shall include, but not be limited to, the Qualified Buyer stating his/her warranted intent to personally and continuously occupy the unit purchased as his/her sole residence for the foreseeable future, and that the household size of the Qualified Buyer relative to the size of the purchased unit complies with standards adopted by the Developer and consistent with HUD Consolidated Plan goals of the City. Developer shall have the right under the terms of this Agreement, after application of basic eligibility requirements set forth herein, to select, in its sole discretion, the ultimate purchaser of each unit . d. The Developer shall market the units in accordance with the Marketing Plan to be developed j ointly by Agency Staf f and the Developer. e . The HOME Units . Notwithstanding the requirements set forth in Section 4 . 0 (a) , above, a certain of number of units which are constructed with the use of HOME Funds will be subj ect to HOME Program requirements, as set forth below. REDW\0006\DOC\013-7 2 8 1\11\08 940 law