AgdaPkt 2003-03-24 - Laserfiche WebLink

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A / FISCAL,YEAR 2002/2003 CONTRACT OBJECTIVES GOALS # OF/ HOUSEHOLDS ASSISTED COMPLETION DATE Primary Quantitative Contract Goals Preserve Affordable Housing 4 of 27 units shall be September 30, (Federally Assisted Housing at- continuously occupied by 2003 risk of conversion to market households with income at rate) through rehabilitation of or below 50% of Area exterior structure and interior Median Income (AMI) units to meet decent, safe and sanity requirements. 3. Marketina Contractor shall comply with City's affirmative marketing plan for Agency assisted housing. Except for existing tenants, Contractor shall select eligible Agency tenants from a pool of applicants residing in the incorporated limits of the City no later than the date on which construction is completed or in the case of vacant units, immediately upon availability of unit turnover or the earliest date unit is habitable for occupancy. Contractor shall include as part of its marketing efforts: • outreach to homeless and at -risk of being homeless households transitioning through one of the various homeless and self sufficiency assistance programs operating in the City of Redwood City, and • provide notice of vacancies or opening of waiting lists to the City's Housing Coordinator and the Fair Oaks Community Center, a CORE Referral agency for San Mateo County Human Services operation. Agency shall be responsible for providing MP Redwood Court Associates (the "Partnership ") with a pool of qualified applicants to fill Agency units. During the full term of this agreement, the Partnership shall assure that no less than 4 units are provided exclusively for income eligible Redwood City residents and shall be continually occupied as such. The Partnership may extend marketing of non - Agency turnover units to San Mateo County and other residents at large. The Partnership will be required by the Agency to give preference to eligible households for the Agency assisted units to meet the Agency's housing goals, and the City's Consolidated Plan goals of providing affordable housing to Redwood City residents. 4. Income Affordability and Occupancy Restriction In accordance with the provisions of the this agreement, Agency assisted rental units rehabilitated on this property shall be subject to affordability requirements and shall be at all times, be occupied by qualified low income households. A Qualified low- income household shall: ya/2oo3 2