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Any proposed change of 10% or more within any line item must be approved in <br /> advance by the Housing Coordinator in writing. <br /> <br /> FISCAL YEAR 2002/2003 <br /> CONTRACT OBJECTIVES <br /> <br /> r'GOALS # OF/ COMPLETION <br /> HOUSEHOLDS DATE <br /> ASSISTED <br /> Primary Quantitative Contract Goals <br /> Preserve Affordable Housing 5 of 11 units to be assistedJune 30, 2003 <br /> (Federally Assisted Housing at-shall be HOME assisted <br /> risk of conversion to market units serving households at <br /> rate)Rehabilitation 50% of Area Median <br /> Income (AMI) and 6 of the <br /> units shall have rents at <br /> 60% of AMI <br /> 3. .Marketin,q <br /> <br />Contractor shall comply with City's affirmative marketing plan for HOME assisted <br />housing. Except for existing tenants, Contractor shall select eligible HOME <br />tenants from a pool of applicants residing in the incorporated limits of the City of <br />Redwood City no later than the date on which construction will begin or in the <br />case of vacant units, immediately upon completion of rehabilitation work or the <br />earliest date unit is habitable for occupancy. Contractor shall include as part of <br />its marketing efforts: <br />· outreach to homeless and at-dsk of being homeless households transitioning <br />through one of the various homeless and self sufficiency assistance <br />programs operating in the City of Redwood City, and <br />° provide notice of vacancies or opening of waiting lists to Fair Oaks <br />Community Center, a CORE Referral agency for San Mateo County Human <br />Services operation. <br />City shall be responsible for providing MP Redwood Court Associates (the <br />"Partnership") with a pool of qualified applicants to fill HOME units. Preference <br />for initial HOME occupancy is established under this agreement for incorporated <br />Redwood City residents. The Partnership may extend marketing for HOME <br />turnover units to San Mateo County and other residents at large. The Partnership <br />will be required by the City to give preference to eligible households for the <br />HOME assisted units to meet the City's Consolidated Plan goals of providing <br />affordable housing to Redwood City residents. <br /> <br />F:Atty/Agr/Ag r,083 <br />121002 11 <br /> <br /> <br />