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<br />A Qualified low-income household shall: <br /> <br />. have a household income no greater than 50% of the area median income <br />established by HUD for San Mateo County, <br /> <br />. shall be a resident within the incorporated limits of the City of Redwood City at the <br />time of application, and <br /> <br />. for three bedroom and larger units, the City requires occupancy preference be given <br />to large households, as defined by the City's Consolidated Plan which documents <br />the greatest housing need for large family households of five or more persons. <br /> <br /> 2006 SAN MATEO COUNTY INCOME LIMITS <br />effective 3/06) I as defined by BUD and the State of California <br /> ----INCOME LIMITS BY FAMILY SIZE--- <br />Income Cateoorv 1 2 3 4 5 6 7 8 <br /> <br />Extremely Low. $23,75C $27,15(J $3055C $33 95C $36.65C $39.35C $42 05C $44 80C <br /> <br />Very L.ow* $39,60(J $45 25(J $50.90C $56.55C $61,05C $65 60<J $7010C $74.65<J <br /> <br />HOME limit* $4752(J $54 30(J $61 080 $67 86C $73 26C $78 72(J $84 120 $89580 <br /> <br />Low. $63 35C $72 40C $81.450 $90.500 $97 70C $10495(] $112200 $119.450 <br /> <br />INCOME LIMITS BY FAMILY SIZE <br /> <br />5. <br /> <br />Maximum Per Unit Subsidy <br /> <br />Contractor shall cause HOME funds allocated to this project not to exceed the maximum <br />per unit subsidy amount as defined by HOME regulations. <br /> <br />MAXIMUM PER UNIT SUBSIDY <br /> <br />Unit Tvpe Maximum per unit <br /> HOME Subsidv <br /> <br />Studio $ 74,340 <br />1 -bedroom $ 85,006 <br />2-bedroom $103,622 <br />3-bedroom $134,051 <br />4-bedroom $147,147 <br /> <br />5. <br /> <br />Affordabilitv Deed Restriction <br /> <br />Contractor shall record an Affordability Deed Restriction containing the provisions of <br />Addendum to Grant Deed, incorporated herein as Exhibit C at the time of sale. The term <br />of said deed restriction shall be Fifty Five (55) years from date of recordation of sale. <br /> <br />2 <br /> <br />---......... ."..--..................-.................--...-...--. ......-----....-.........---....-- <br />