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4918-5821-5178.6 011249.016 <br />CalHFA Standstill Agreement (Density Bonus – Locality) <br />______________– CalHFA No. ______________ <br />12/05/2024.OGC.ogc.HFMF-478357159-19 <br />REV: 05-28-25 LF <br /> <br />vi. CalHFA hereby agrees to give tenants, who are subject to a rent increase, <br />written notice at least thirty (30) calendar days prior to any rent increase or a <br />longer period of notice as may be required by applicable law. <br /> <br />(c) In connection with any judicial foreclosure sale, non-judicial foreclosure, a deed- <br />in-lieu of foreclosure, or otherwise pursuant to CalHFA’s exercise of its rights under the <br />CalHFA Documents, each party or its successors in interest shall cooperate in good faith <br />with each other in promptly providing any information in their possession or approvals <br />requested by them, to inspect the Development, including, but not limited to, the units, and <br />to comply with their legal duties under applicable law with respect to the Development and <br />the occupancy of units. <br /> <br />(d) Locality and Borrower each acknowledges that, unless CalHFA becomes the owner <br />of the Development or otherwise takes possession of the Development pursuant to its <br />exercise of rights under the CalHFA Documents, nothing in this Agreement or in the <br />Density Bonus Agreement shall impose on CalHFA the obligations of Borrower with <br />respect to complying with the Density Bonus Agreement nor require that CalHFA assume <br />such obligations of Borrower. <br /> <br />(e) Nothing in this Agreement is intended to prevent or limit, nor shall anything in this <br />Agreement prevent or limit, Locality from exercising any of its remedies, requirements, <br />and/or rights set forth in the Density Bonus Agreement as they relate to any owner <br />thereunder, except with respect to CalHFA during the Standstill Term as described in <br />Sections 1(a) and (b), above. <br /> <br />(f) Locality and Borrower each agrees to not amend, modify, or otherwise alter the <br />Density Bonus Agreement without the prior written approval of CalHFA, which approval <br />shall not be unreasonably withheld, conditioned, or delayed. Borrower shall be responsible <br />for obtaining CalHFA approval of any amendments or modifications of the Density Bonus <br />Agreement. <br /> <br />(g) Locality shall provide CalHFA with a copy of all notices of default provided by <br />Locality to Borrower pursuant to the Density Bonus Agreement within five (5) calendar <br />days of Locality’s sending to Borrower such initial notice of default, and CalHFA shall <br />have the right, but not the obligation, to cure the default(s) under such notice(s) within the <br />cure period applicable to Borrower; provided, Locality shall have no liability to CalHFA <br />and/or Borrower for its failure to do so, nor shall failure to do so constitute grounds for any <br />restraining order, injunction, or other prohibition against or delay in Locality’s exercise of <br />its remedies under the Density Bonus Agreement. <br /> <br />(h) Notwithstanding the requirements during the Standstill Term as described in this <br />Section 1 and notwithstanding any provision of this Agreement, CalHFA is committed to <br />providing decent, safe and sanitary housing and, in accordance with its authority to <br />supervise the operation, management, and maintenance of any housing financed by <br />ATTY/AGR.2025.127/California Housing Finance Agency (CalHFA) (Page 5 of 11) <br />6.K. - Page 9 of 15 <br />91