Laserfiche WebLink
sold to and occupied by qualified very low income households. A <br /> qualified very low income household shall: <br /> - (i) Have a household income no greater than 500 of <br /> the area median income established by HUD for San <br /> Mateo County . <br /> (ii) To the extent permitted by applicable law, be <br /> a resident within the incorporated limits of the <br /> City of Redwood City prior to the time of <br /> application, unless no such residents qualify, and <br /> then in accordance with the marketing standards set <br /> forth in Section 4 . 01 (b) (3) , below, and <br /> (iii) Have a family size of two (2) to five (5) ' <br /> persons . However, the City requires, to the extent <br /> permitted by applicable law, occupancy preference <br /> be given to large households, as defined by the <br /> City' s Consolidated Plan which documents the <br /> greatest housing need for large family households <br /> of four or more persons . <br /> (iv) Income levels for the HOME Units shall be in <br /> accordance with the HUD Income Levels . <br /> (d) The foregoing covenants shall not �be deemed to <br /> supersede any affordability covenants against the Property which <br /> require that the units of the Property be made available to persons <br /> not earning more than fifty percent (50 0) of the Area Median Income <br /> for the County of San Mateo, as established by HUD, but shall apply <br /> if there are no covenants which are more restrictive which apply to <br /> the Property, <br /> 3 . Marketing of HOME Units. The Declarant shall comply <br /> with the City' s affirmative marketing plan for the HOME Units to be <br /> provided by City. The Declarant, to the extent pe;rmitted by <br /> applicable law, select eligible purchasers for the Home Units from <br /> a pool of applicants residing in the incorporated limits of the <br /> ' City of Redwood City no later than the date on which construction <br /> will begin or the earliest date unit is habitable for occupancy. <br /> As part of its marketing efforts, the Developer shall provide <br /> notice of opportunity to purchase and/or opening of waitinq lists <br /> � to Fair Oaks Community Center, a CORE Referral agency for San Mateo <br /> County Human Services operation. <br /> The City shall be responsible for providing the Declarant <br /> with a pool of qualified applicants to fill the HOME Units. <br /> REDW\0006\DOC\013-6 <br /> C - 4 3/08/OS mvc <br />