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Habitat, the City of Redwood City, or the Redwood City Redevelopment Agency (if Habitat chooses not to exercise its rights,) shall have the right to purchase the Unit. The Eligible Household Purchase Addendum shall provide that should the Owner or any other party fail to comply with the provisions of the Eligible Household Purchase Addendum, Habitat shall have a right and power of termination of the estate and title granted by the Grant Deed to which the Eligible Household Purchase Addendum is attached. Transfer or conveyance shall include the transfer or conveyance of the title of a Unit for value, without value, by inheritance or otherwise. b. Occupancy and Ownership Restricted to Elie:ible Households. During the term of the Eligible Household Purchase Addendum, the Owner must occupy the Unit as his or her principal residence. The Owner shall be presumed to be occupying the Unit as his or her principal residence if the Owner is living in the Unit for at least ten (10) months out of each calendar year. Habitat and City may waive (in writing only) this occupancy requirement for good cause at their sole discretion. The Owner shall neither lease or rent the Unit for more than two months during any twelve month period and shall neither rent or lease the Unit without providing Habitat with a copy of the lease or rental agreement. Any lease or rental in violation of the provisions of the Eligible Household Purchase Addendum shall be prohibited and void. Except as so provided in the Eligible Household Purchase Addendum, all leasing or rental of a Unit shall be a Transfer as defined in the Eligible Household Purchase Addendum, and shall be subject to the provisions of the Eligible Household Purchase Addendum. c. Elie:ible Household. As used in the Eligible Household Purchase Addendum, the term "Eligible Household" shall mean a Household which: . resided within the incorporated area of the City of Redwood City at the time of executing the application for the purchase of a Unit. . has a household income not to exceed 50% of the area median income for San Mateo County established by the u.s. Department of Housing and Urban Development on the application date and the previous two (2) calendar years and . meets large family definition of large family household of five or more persons, pursuant to goals of City's Consolidated Plan. Habitat additionally determines a household is eligible to participate in the ownership of a 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 owner stating its warranted intent to personally and continuously occupy the Unit as its sole residence for the foreseeable future, and that household size relative to the size of the Unit complies with standards adopted by Habitat and consistent with Consolidated Plan goals of the City of Redwood City]. Habitat shall have the right to determine, in its sole discretion, whether any person or household is an Eligible Household after application of basic eligibility requirements set forth by the City of Redwood City. 3 ,..--........ .-"'T