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65915(c)(1)(13)(5), the Rent for at least twenty percent (20%) of the Affordable Units shall be set <br />at Rents not exceeding the rents specified by Section 50053 of the California Health and Safety <br />Code for the appropriate Household Income level and the Rent for the remaining Affordable Units <br />shall be set at an amount consistent with the maximum rent levels for the appropriate Household <br />Income levels as determined by the CTCAC. <br />(g) "Affordable Site" has the meaning set forth in Recital B above. <br />(h) "Affordable Units" means the seventy-one (71) restricted units in the <br />Affordable Development. <br />(i) "Agreement" has the meaning set for in the preamble above. <br />0) "Area Median Income" or "AMI" means the median gross yearly income <br />adjusted for Actual Household Size (to qualify residents) or Assumed Household Size (to calculate <br />rents), as applicable, in San Mateo County, either as applicable (i) as published from time to time <br />by the State of California Department of Housing and Community Development; or (ii) as <br />determined by the Secretary of the Treasury of the United States for purposes of Section 42 of the <br />Internal Revenue Code. In the event that such income determinations are no Ionger published, or <br />are not updated for a period of at least eighteen (18) months, the City shall provide the Affordable <br />Developer with other income determinations which are reasonably similar with respect to methods <br />of calculation to those previously published by the State. <br />(k) "Assumed Household Size" shall have the meaning set forth in <br />Section 2.2(d). The definition is utilized to calculate affordable rent and is not intended to be a <br />limit on the number of persons occupying a unit. <br />(1) "City" has the meaning set forth in the preamble above. <br />(m) "CTCAC" means the California Tax Credit Allocation Committee. <br />(n) "Density Bonus Units" means the units permitted beyond the base density <br />that would otherwise be allowed on a parcel pursuant to local zoning, as allowed under <br />Government Code 65915. <br />(o) "Donor" has the meaning set forth in Recital B above. <br />(p) "Extremely Low -Income Household" means a household with an annual <br />Household Income no greater than the maximum income for extremely low income households, <br />as published annually by the City for each household size, based on either United States <br />Department of Housing and Urban Development (HUD) income limits for San Mateo County or <br />the California Department of Housing and Community Development (HCD) income limits for San <br />Mateo County, as applicable. <br />ATTY/AGR/2024.193.2—AFFORDABLE HOUSING LAND DONATION AGREEMENT— EXHIBIT G —RESTRICTIVE COVENANTS AGR <br />REV: 10-22-24 VR <br />Page 4 of 41 <br />