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Agmt18 MP Mosaic Garden Associates, L.P.
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Agmt18 MP Mosaic Garden Associates, L.P.
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Entry Properties
Last modified
5/28/2019 11:00:06 AM
Creation date
8/1/2018 11:17:30 AM
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Agreement
Contractor Name
MP Mosaic Garden Associates, L.P.
PROJECT NAME
3752 - 3770 Rolison Rd. refinancing property
RMP File Number
304
Date
2/26/2018
Reso Ref
15645
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Income and RaMSourcasand Notes: <br />Median Family Income (MFI) Limits and Area Median Income (AMI) limits for San Mateo County are published annually by the U.S. <br />Department of Housing & Urban Development (HUD) and the State of California Department of Housing and Community <br />Development (HCO). The HUD published income and rent limits are effective April 14, 2017 and HCD published income and rent <br />limits are effective lune 9, 2017. <br />HOME published income and rent limits are effective April 11, 2017 <br />Maximum affordable rent is based on 30% of monthly income with all utilities paid by landlord. The Udl fry Allowances established by <br />the County of San Mateo Housing Authority are used by the City of Redwood City for determining tamnt-paid utility allowances. If <br />tenant pays utilities then the Utility Allowance must be subtracted from the maximum rent so that rent plus tenant paid utilities <br />does not exceed the maximum rent. <br />Maximum affordable rents are calculated based on HUD and HCD Income Limits and the following household sizes: <br />Studio: 1 person <br />1 -Bedroom: 1.5 persons <br />2-Bedroom:3 persons <br />3 -Bedroom: 4.5 persons <br />4 -Bedroom: 6 persons <br />Please contact the City of Redwood City Housing Staff for any questions regarding the income limits or rents that apply to your units <br />at 650-780-7234 <br />Updated 6/23/2017 <br />ATTY/AGR/2018.027/MIDPEN MOSAIC GARDENS (ATHERTON COURT) <br />REV: 02-22-1815 <br />Page 41 of 41 <br />
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