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PART II <br /> <br /> BUYERS SELECTION PRIORITIES <br /> <br /> Once initial income and residency eligibility status is determined, priorities will be followed, <br /> provided that at least one buyer of each unit at the time of application and at the time of dose <br /> of escrow, meets the priority category: <br /> <br /> FIRST PRIORITY: Buyers who have been residents of Redwood City or who are <br /> employees of Redwood. City businesses, and have lived or worked in Redwood City <br /> throughout the last three years, and whose income is at or below 80% of median <br /> income. <br /> <br /> SECOND PRIORITY: Buyers who are residents of Redwood City or who are <br /> employees of Redwood City businesses, and have lived or worked in Redwood City <br /> throughout the last three years, and whose income is at or below 100% of median <br /> income. <br /> <br /> THIRD PRIORITY: Buyers who have lived in Redwood City 12 months prior to the <br /> date of application and earn 100% or below median income. <br /> <br /> FOURTH PRIORITY: Buyers who do not live in Redwood City or work for the City <br /> or Redwood City businesses, but live within the County of San Marco, and whose <br /> household income is at or below 100% of median income. <br /> <br /> FIFTH PRIORITY: Buyers who do not live in' Redwood City or work for Redwood <br /> City businesses, and live outside the County of San Marco, and whose household <br /> income is at or below 100% of median income. <br /> <br /> SIXTH PRIORITY: Buyers whose household income is between 100% and up to or <br /> at 120% of median income. <br /> <br /> NOTE: When two borrowers are otherwise equally qualified and both are digible to receive <br />· : .HOME assistance, prtference will be gqven to the borrowers who are currently residing in <br /> substandard housing and currently paving in 'excess of 30 6..of their hotuekold income for <br /> homing. See Priorffy Ranking Schedule attached. <br /> <br /> <br />