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RecDoc2023-000975 Harbor View Property LLC.
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RecDoc2023-000975 Harbor View Property LLC.
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Last modified
1/26/2023 4:05:17 PM
Creation date
1/20/2023 12:32:20 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Development Agreement
Doc Num
2023-000975
Rec Date
1/10/2023
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B. Termination of Occupancy. Upon termination of occupancy of a Unit by a <br />Resident, such Unit shall be made available for rent by an Extremely Low Income Household. <br />Section 2.6 Resident Selection. <br />A. Not later than thirty (30) days following the Effective Date, Owner shall <br />submit for City review and approval, a plan for marketing and managing for the Property as <br />defined in Section 5.1. <br />B. The Owner shall not discriminate against any applicants for tenancy on the <br />basis of source of income or rent payment (for example, without limitation, Temporary <br />Assistance for Needy Families (TANF) or Section 8), and the Owner shall consider a prospective <br />Resident's previous rent history of at least one (1) year, or such other time period the Owner <br />deems reasonable, as evidence of the prospective Resident's ability to pay the applicable Rent. <br />The ability to pay shall be demonstrated if the prospective Resident can document that the <br />prospective Resident's gross income is at least two (2) times the prospective rent. The Owner, in <br />the reasonable exercise of its discretion, may waive the requirement that the prospective <br />Resident's gross income equal at least two (2) times the prospective rent, and admit prospective <br />Residents with lower gross incomes. <br />Section 2.7 Lease Provisions. The Owner shall include in leases for all Units <br />provisions which authorize the Owner to immediately terminate the tenancy of any household <br />one or more of whose members misrepresented any fact material to the household's qualification <br />as an Extremely Low Income Household. Each lease or rental agreement shall also provide that <br />the household is subject to annual certification in accordance with Section 3.1 below, and that, if <br />the household's income increases above the applicable limits for an Extremely Low Income <br />Household, such household's Rent may be subject to increase. <br />Section 2.8 Condominium Conversion. The Owner shall not convert the Project to <br />condominium or cooperative ownership or sell condominium or cooperative conversion rights to <br />the Property during the Term of this Agreement. <br />Section 2.9 Units Available to the Disabled. Owner shall maintain the Project to <br />comply with all applicable federal and state disabled person accessibility requirements including <br />the Federal Fair Housing Act, Section 504 of the Rehabilitation Act of 1973, Title I1 and/or Title <br />III of the Americans with Disabilities Act of 1990, and Title 24 of the California Code of <br />Regulations. <br />ARTICLE 3. <br />INCOME CERTIFICATION AND REPORTING <br />Section 3.1 Income Certification. Owner will obtain, and complete, as an initial <br />condition of this Agreement and to initial occupancy and maintain on file annually thereafter, <br />income certifications from each Resident renting any of the Units. Owner shall make a good faith <br />effort to verify that the income provided by an applicant or occupying household in an income <br />certification is accurate by taking two or more of the following steps as a part of the verification <br />process: (a) obtain a minimum of the three (3) most current pay stubs for all adults age eighteen <br />(18) or older; (b) obtain an income tax return for the most recent tax year; (c) conduct a credit <br />AM/AGR/2022.389/HARBOR VIEW Exhibit F-7 <br />PROJECT DEVELOPMENT AGREEMENT <br />REV: 10-28-2022 VR <br />
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