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needs individuals who meet <br /> the q ualifications of a "Qualified Person," <br /> as defined in Exhibit B. <br /> b. The Property to be acquired is assisted with CDBG and HOME funds. <br /> The Declaration of Affordability Covenants sets forth the specific <br /> affordability covenants and restrictions for benefitting extremely low <br /> income persons with developmental disabilities as a condition of <br /> funding such acquisition. <br /> c. The City has made no representations as to the current condition of <br /> the Dwelling located on the Property. Kainos shall carry out due <br /> diligence with all City departments and any other local, state or federal <br /> entitlements, licenses or other approvals necessary to maintain the <br /> Property for benefit of extremely low income persons with <br /> developmental disabilities for affordable housing for a period of no less <br /> than fifty -five (55) years. <br /> d. Kainos will maintain the Property, the Dwelling, the Affordable <br /> Bedrooms and program operations in order to sustain both the <br /> Program Services and the Property in accordance with this Agreement <br /> for the longest term possible, but no Tess than fifty -five (55) years. <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> /// <br /> ATTY /AGR/2010.083 14 <br /> 091610 <br />