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(q) "Extremely Low -Income Rent" means the Affordable Rent permitted to be charged for an Extremely Low -Income Unit, and as provided to the Affordable Developer annually by the City or as published by CTCAC for 30% AMI households, as applicable. (r) "Extremely Low -Income Units" means Affordable Units required to be occupied by Extremely Low -Income Households. (s) "HCD" means ,,the California Department of Housing and Community Development. (t) "Household Income" means the total anticipated annual income of all persons in a household, as calculated in accordance with 25 California Code of Regulations Section 6914 or pursuant to a successor State housing program that utilizes a reasonably similar method of calculation of adjusted income. In the event that no such program exists, the City shall provide the Affordable Developer with a reasonably similar method of calculation of adjusted income as provided in said Section 6914. For Affordable Units that are subject to Affordable Rents as provided by CTCAC, the Household Income shall be set at an amount consistent with the household income levels as detennined by the CTCAC. (u) "Investor Limited Partner" means (if applicable), the tax credit limited partner or partners, and their respective successors and assigns, admitted to the Affordable Developer's partnership in connection with the issuance of low income housing tax credits to the Affordable Development. (v) "Low -Income Household" means a household with an annual Household Income no greater than the maximum income for low-income households, as published annually by the City for each household size, based on either United States Department of Housing and Urban Development (HUD) income limits for San Mateo County or the California Department of Housing and Community Development (HCD) income limits for San Mateo County, as applicable. (w) "Low -Income Rent" means the Affordable Rent permitted to be charged for a Low -Income Unit, and as provided to the Affordable Developer annually by the City or as published by CTCAC for 80% AMI households, as applicable. (x) "Low -Income Units" means Affordable Units required to be occupied by Low -Income Households. (y) "Management Agent" has the meaning set forth in Section 5.2 below. (z) "Management Plan" has the meaning set forth in Section 5.1 below. (aa) "Affordable Developer" has the meaning set forth in the preamble above. (bb) "Rent" means the total of monthly payments by the Resident for the following: ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEi+RENT—EXHIBITG—RESTRICTIVE COVENANTS AGR REV: 10-22-24 VR Page 5 of 41