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ARTICLE 2 AFFORDABILITY AND OCCUPANCY COVENANTS Section 2.1 Occupancy Requirements for Affordable Units. (a) Extremely Low -Income Units. None of the Affordable Units are required to be rented to and occupied by or, if vacant, available for occupancy by Extremely Low -Income Households. (b) Very Low -Income Units. Thirty -One (31) of the Affordable Units, including ( ) studio units, ( ) one -bedroom units, ( ) two- bedroom units, and ( ) three-bedroom units shall be rented to and occupied by or, if vacant, available for occupancy by Very Low -Income Households. (c) Low -Income Units. Forty (40) of the Affordable Units, including O studio units, ( ) one -bedroom units, ( ) two-bedroom units, and { ) three-bedroom units shall be rented to and occupied by or, if vacant, available for occupancy by Low -Income Households. (d) Density Bonus Units. All of the Affordable Units described in Section 2.1 above, are also considered Density Bonus Units. (e) Manager's Unit. One (1) unit in the Affordable Development shall be available for designation as the manager's unit and shall not be restricted as an Affordable Unit. (f) Principal Residence. Any household that occupies an Affordable Unit must occupy that unit as its principal residence. (g) Approval of Residents. The Affordable Developer shall complete the required income certification in connection with an Affordable Unit in accordance with the Resident Selection Criteria. (h) Senior City Restrictions. The provisions to enforce the Affordable Developer's obligations under the Affordable Housing Plan and the City's Affordable Housing Ordinance (the "AH Restrictions"), and provisions to enforce Affordable Developer's obligation under Government Code section 65915 ("Density Bonus Restrictions"), to construct, or cause to be constructed, the Affordable Development. The AH Restrictions and the Density Bonus Restrictions are, collectively, the "City Senior Restrictions." The City Senior Restrictions may not be subordinated to any lien or encumbrance whatsoever. Section 2.2 Allowable Rent. (a) Affordable Rent. Affordable Developer shall not charge rent for the Affordable Units exceeding the Affordable Rent applicable to Extremely Low -Income Units, Very Low Income Units, and Low Income Units set forth below, subject to Affordable Rent as determined by CTCAC and in no circumstance may more than 80% or fifty-six (56) of the Affordable Units be subject to Affordable Rent as determined by CTCAC. To the extent the Affordable Rent allowed hereunder conflict with rents set forth in Section 50053 of the California ATTY/AGR/2024.193.1— AFFORDABLE HOUSING LAND DONATION AGREEMENT — EXHIBIT G— RESTRICTIVE COVENANTS AGR REV: 10-22-24 VR Page 7 of 41