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RecD05 2005-141299
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RecD05 2005-141299
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Last modified
2/22/2006 10:54:10 AM
Creation date
2/22/2006 10:51:05 AM
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Recorded Docs
Recorded Docs - Type
Declaration
Doc Num
2005-141299
Rec Date
8/17/2005
APN
053-093-130 053-093-140
Parties
First Community Housing
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<br />Table A. <br /> <br />Type/Size of Unit Affordabi1ity Number of Units SF <br /> Level(percentage of <br /> Area Median Income <br /> (AMI), adjusted for <br /> family size <br /> appropriate to the <br /> given unit <br />Efficiency Units 20% of AMI 6 <br />1 BR 20% of AMI 5 <br />2 BR 20% of AMI 5 <br />3 BR 20% of AMI 4 <br />Efficiency Units 40% of AMI 1 <br />3 BR 40% of AMI 2 <br />1 BR 50% of AMI 1 <br />2 BR 50% of AMI 2 <br />3 BR 50% of AMI 2 <br />Efficiency Units 90% of AMI 1 <br />3 BR 90% of AMI 3 <br />1 BR 90% of AMI 2 <br />2 BR 90% of AMI 10 <br />3 BR 90% of AMI 13 <br />Manager Unit-2 BR 120% of AMI 1 <br />Average 870 SF <br /> <br />(b) Affordabilitv of HOME Units. In accordance with the <br />provisions of the HOME Program, the HOME Units shall be subject to <br />HOME Program requirements, to the extent not otherwise exempt by <br />applicable law, and shall be at all times, be occupied by qualified <br />very low income households. A Qualified very low income household <br />shall: <br /> <br />(i) Have a household income no greater than 50% of <br />the area median income established by HUD for San <br />Mateo County <br /> <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 /> <br />3 <br /> <br />REDW\OOO6\DOC\O26 <br />
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