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6.2A <br /> Page 45 <br /> Legal Description of Property: <br /> See Exhibit A (Attached hereto) ' <br /> Street Address of Property: 3272 Rolison Road, Redwood Citv, California. <br /> Assessor's Parcel Number of Property: 055-031-240 I <br /> Summary of Affordable Housing Restrictions (check as applicable): I ' <br /> ❑ The Affordable Housing Restrictions restrict the amount of rent which may <br /> be charged for the rental housing unit or units on the Property, as follows: <br /> The Proqerty is cur�entiv improved with seven (7) multi-familv residential <br /> units. Three (3) units shall be available to and occupied by Eli_ iq ble <br /> Households whose income does not exceed fifty percent (50%) of area <br /> median income, at an affordable rent that does not exceed 30% of 50% of <br /> area median income, adiusted bv familv size appropriate to the unit, less a <br /> reasonable utilitv allowance. The remaining units shall be available to and <br /> occuqied bv Eligible Households whose income does not exceed eightv <br /> percent (80°/a) of area median income, at an affordable rent that does not <br /> exceed 30% of 80% of the area median income, adiusted bv family size <br /> appropriate to the unit, less a reasonable utilitv allowance. <br /> "Area median income" shall mean the median income for households in <br /> San Mateo Countv, California, as published from time to time by the <br /> United Stated Department of Housinq and Urban Development ("HUD") in <br /> a manner consistent with the determination of inedian gross income under <br /> Section 8 of the United States Housinq Act of 1937, as amended, and as <br /> defined in Title 25. California Code of Requlations, Section 6932. . <br /> ❑ The Affordable Housing Restrictions restrict the income level of the tenant <br /> or buyer of the Property, as follows: <br /> Three of the units on the Propertv shall be available to and occuqied bv <br /> Eligible Households whose income does not exceed fifty percent (50°/a) of <br /> area median income, at an affordable rent that does not exceed 30% of <br /> 50% of the area median income, adiusted bv family size appropriate to the <br /> unit, less a reasonable utility allowance. Four of the units on the Property <br /> shall be available to and occupied bv Eligible Households whose income <br /> does not exceed eiqhty percent (80%) of area median income, at an <br /> Notice of Affordability Restrictions <br /> 1213420v1 33786/0001 2 <br /> 824 S 3.00000�.5570533.3 <br /> A"I"CY/AGR/2010.120 EXHTB[T D <br /> 103010 <br />