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7. Affordability Term: The affordability term for the Project is 55 years from the date of the certificate of occupancy. 8. Local Preference: The Project will comply with the City’s Local Preference requirements to the extent permitted by law. The Project also complies with the additional provisions contained in Section 29.6 of the Affordable Housing Ordinance (which are not listed in Item N of the Affordable Housing Guidelines Checklist addressed above): 9. Eligibility. No household will occupy an affordable unit until the Community Development Director or designee has approved a Tenant Selection and Management Plan prepared by Eden Housing, which plan shall include eligibility requirements specific to the project. 10. Principal Residence. Any household that occupies an affordable unit will occupy that unit as its principal residence. 11. Guidelines. The Community Development Director may from time to time adopt "Affordable Housing Guidelines" for determining household income and affordable housing cost, determining buyer eligibility, monitoring, other relevant administrative provisions, providing guidance related to requirements under the Ordinance, and determining acceptable alternative means of compliance within the requirements of this Chapter. Eden will incorporate, to the extent permitted by State regulations and lender and investor approval all reasonable guidelines. 12. Conflict of Interest. Eden Housing’s employees or consultants will comply with all applicable laws, regulations, and policies relating to conflicts of interest as to their eligibility to develop, construct, sell, rent, lease, occupy, or purchase an affordable unit. The Eden Project also will comply with the following conditions listed in Section 29.H of the Affordable Housing Ordinance (which are not listed in the Land Donation Alternative Checklist included in pages 90- 94 of the Affordable Housing Guidelines addressed in Section VIII of this Amended and Restated Affordable Housing Plan): • 29.8H(8) states that “[t]he property to be donated is vacant undeveloped property; except that the City, at its sole and absolute discretion, may accept property with existing improvements, so long as the donor takes all necessary steps to avoid impacts on residents of existing residential structures.” o The Land Donation Site is currently developed with a 5,362 square foot commercial building that consists of the following uses and occupancies: ATTY/RESO.0052/ CC RESO APPROVING SUBSTITUTE SITE AS AFFORDABLE HOUSING SITE (705 VETERANS)(1900 BROADWAY DA) - EXHIBIT 1 REV: 07-21-26 MI Page 23 of 53