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EXHIBIT B TO .AFFORD.ABILITY AGREEMENT <br />FOILM OF DISCLOSURE STATEMENT <br /> <br />D[SCLOSL'RE STATEMENT <br /> <br /> THERE AKE RESTRICTIONS ON THE SALE OF THE PROPERTY YOU ARE <br /> BUYING. THIS PROPERTY MAY ONLY BE SOLD TO AN "ELIGIBLE <br /> HOUSEHOLD" AT AN "AFFORDABLE HOUSING COST," UNLESS IT IS SOLD <br /> TO THE AGENCY OR ITS DESIGNEE AS PROVIDED IN SECTION 2.02 OF THE <br /> AFFORDABILITY COVENANT AND RESTRICTIONS ON RESALE. <br /> THIS MEANS THAT YOU MAY. NOT SELL THE PROPERTY FOR MARKET <br /> VALUE TO WHOMEVER YOU LIK.~ UNLESS YOU SHOW THAT, DESPITE <br /> YOUR BEST EFFORTS, YOU WERE UNABLE TO FIND AN "ELIGIBLE <br /> HOUSEHOLD." THIS MEANS THAT: <br /> <br /> A. Itt YOU ARE A VERY LOW INCOME HOUSEHOLD, YOU MAY <br /> ONLY SELL THE PROPERTY TO A VERY LOW INCOME <br /> HOUSEHOLD; OR <br /> IF YOU ARE A MODERATE INCOME HOUSEHOLD, YOU MAY <br /> ONLY SELL THE PROPERTY TO A MODERATE INCOME <br /> HOUSEHOLD OR TO AN ELIGIBLE HOUSEHOLD WITH A <br /> HOUSEHOLD INCOME THAT IS LESS THAN THE INCOME OF A <br /> MODERATE INCOME HOUSEHOLD, <br /> THESE RESTRICTIONS WILL BE IN EFFECT UNTIL SANUARY 17, 2028. <br /> <br /> TO DETERMINE WHO IS AN ELIGIBLE HOUSEHOLD AND WHAT AN <br />AFFORDABLE HOUSING COST IS, YOU SHOULD CONTACT THE EXECUTIVE <br />DIRECTOR OF THE REDWOOD CITY REDEVELOPMENT AGENCY. <br /> <br /> I HAVE READ THIS DISCLOSURE STATEMENT A.ND THE AFFORDAB[LITY <br />COVENANT AND RESTRICTIONS ON RESALE RECORDED AGAINST THE <br />PROPERTY AND I UNDERSTAND WHAT THEY MEAN. <br /> <br />Buyer Buyer <br /> <br />B-I <br /> <br />'~c-33569 <br /> <br /> <br />