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RecDoc 2020-115102 Addendum to Loan Agmt
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RecDoc 2020-115102 Addendum to Loan Agmt
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Last modified
12/18/2020 5:29:04 PM
Creation date
12/18/2020 5:20:19 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Addendum to Loan Agmt re; 1512 Stafford St.
Doc Num
2020-115102
Rec Date
10/21/2020
Address
1512 Stafford St.
Parties
HIP Housing
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(f) Specific procedures through which applicants deemed to be ineligible may <br />appeal this determination; <br />(g) Maintenance of a waiting list of eligible applicants; <br />(h) Specific procedures for obtaining documentation regarding prospective <br />tenants' incomes, as necessary, to certify that such income does not exceed income limits; <br />(i) Specific procedures for certification and recertification of household <br />incomes and procedures for handling over -income tenants; <br />0) A requirement that a written rental agreement (in form approved by City) <br />be executed with each Eligible Household selected to occupy a unit; <br />(k) A detailed listing of reasonable rules of conduct and occupancy which <br />shall be in writing, shall be consistent with federal and state law, and shall be provided to <br />each tenant upon occupancy; <br />(1) A requirement that there be no storage on balconies and patios and that <br />tenants must keep all balconies, patios and other exterior areas neat, clean and clutter free, <br />including no clotheslines or laundry; <br />(m) A parking management plan which details, among other things, how <br />parking spaces will be assigned, how guest parking will be handled and how parking will <br />be managed to encourage tenants to use their assigned parking spaces; <br />(n) Procedures for maintenance and management of the Project; <br />(o) Procedures for dealing with tenant or neighborhood issues or concerns; <br />(p) Procedures for maintaining a reserve account, budgeting for maintenance <br />and repair needs as well as long-term rehabilitation needs, and handling net cash flow; <br />and <br />(q) Such other requirements and criteria/procedures as City may reasonably <br />determine appropriate. <br />11.5.1 Rental Aneements. Lease and rental agreements for the residential units in the <br />Project must comply with the following terms. Leases and rental agreements for the HOME Unit <br />must also comply with Section 92.253 of the HOME Program regulations. In the event of conflict <br />between the provisions of this Section 11.5.1 and the requirements of the HOME Program, the <br />applicable provisions of the HOME Program requirements shall prevail. <br />(1) The term must be not less than one (1) year unless by mutual agreement <br />between the tenant and Owner. <br />REV: 08-26-2020 PR <br />ATTY/AGR.2020.168/HIP Housing Development Corporation (Page 14 of 31) <br />
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