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Income Rents, Very Low Income Rents and Low Income Rents for the succeeding year. Under <br />no circumstance may Owner raise rents above the permissible maximum rents as allowed under <br />the annual rent schedule provided by the City and/or CTCAC, as applicable. <br />(g) Assumed Household Size. In calculating the allowable Rent for the <br />Affordable Units, the following "Assumed Household Sizes" shall be utilized pursuant to the <br />terms of Health and Safety Code Section 50052.5(h), except as set forth below: <br />Number of Bedrooms Assumed Household Size <br />Studio 1 <br />One 2 <br />Two 3 <br />Three 4 <br />For up to 80% of the Affordable Units in the Affordable Project that are charged Affordable <br />Rents as determined by CTCAC, the following Assumed Household Size may (at Owner's <br />election) be used: <br />Number of Bedrooms <br />Assumed Household Size <br />Studio <br />1 <br />One <br />1.5 <br />Two <br />3 <br />Three <br />4.5 <br />Section 2.3 Increased Income of Residents. <br />(a) Extremely Low -Income Household to Vga Low- or Low -Income <br />Household. If, upon recertification of a Household's Income, the Owner determines that a <br />former Extremely Low -Income Household's Income has increased and exceeds the qualifying <br />income for an Extremely Low -Income Household but does not exceed the qualifying limit for a <br />Very Low -Income Household or Low -Income Household, then, upon expiration of the Resident's <br />lease term: <br />(1) Such Resident's unit may be considered a Very Low -Income Unit <br />or Low -Income Unit, as applicable; <br />(2) Such Resident's Rent may be increased to a Very Low -Income <br />Rent or a Low -Income Rent, as applicable, upon sixty (60) days written notice to the Resident; <br />and <br />(3) The Owner shall rent the next available Very Low -Income or Low - <br />Income Unit, as applicable, of comparable size to an Extremely Low -Income Household at an <br />Extremely Low -Income Rent. <br />(b) Very Low -Income Household to Low -Income Household. If, upon <br />recertification of a Household's Income, the Owner determines that a former Very Low -Income <br />REV: 07-12-24 VR <br />1199\10\3491196.8 <br />