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<br />6.1F <br />Page 15 <br /> <br />INCOME LIMITS BY FAMILY SIZE <br /> <br /> 1 2 3 4 5 6 7 8 <br />Extremely <br />Low (30%) 23,700 27, 150 30,550 33,950 36,650 39,400 42,1000 44,800 <br />Very Low <br />(50%) 39,600 45,250 50,900 56,550 61,050 65,600 70,100 74,650 <br />HOME <br />Limit 47,520 54,300 61,080 67,860 73,260 78,720 84,120 89,580 <br />(600/0) <br />Low <br />Income 63,350 72,400 81,450 90,500 97,700 104,950 112,200 119,450 <br />(BOOk) <br /> <br />Rent terms to Beneficiary shall provide a m9nthly payment not to exceed 30% of <br />adjusted gross household income. Household income shall be reviewed annually by <br />CHDO and payments adjusted accordingly during the life of this agreement <br /> <br />5. Maximum Per Unit Subsidy: CHDO shall cause HOME funds allocated to <br />this project not to exceed the maximum per unit subsidy amount as defined by HOME <br />regulations. <br /> <br />MAXIMUM PER UNIT SUBSIDY <br /> <br />Unit Tyoe Maximum oer unit HOME <br /> Subsidy <br />Studio $ 131,216 <br /> <br />6. Affordabilitv Restriction: The term of said affordability restriction shall be <br />Fifty-Five (55) years from date of this agreement. <br /> <br />7. Tenant Particioation Plan: Pursuant to 24 CFR 92.303 CHDO must <br />adhere to a fair lease and grievance procedure approved by the City and Agency and <br />must provide a plan for and follow a program of tenant participation in management <br />decisions. Said plan shall be submitted to the City at the time CHDO signs this <br />agreement. <br /> <br />8. Environmental Review: City and Agency shall conduct the necessary <br />environmental review consistent with NEPA regulations to disburse funds under this <br />agreement. <br /> <br />ATTY/AGRI2009.001 <br />020409 <br /> <br />12 <br />