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RecDoc 2012-101618
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RecDoc 2012-101618
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Last modified
4/22/2015 9:14:31 AM
Creation date
8/2/2012 1:51:12 PM
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
Affordable Housing Agreement
Doc Num
2012-101618
Rec Date
7/19/2012
APN
059-162-090-1
Address
2580 ElCamino Real
Parties
Urban Housing Redwood City, LLC
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Income and Rent Sources and Notes: <br /> Median Family Income(MFI) Limits and Area Median Income (AMI) limits for San Mateo County are published annually by the U.S. <br /> Department of Housing & Urban Development (HUD) and the State of California Department of Housing and Community <br /> Development(HCD). <br /> HERA and Non-HERA income limits are published by HCD. <br /> *2012 Non-HERA maximum income limits apply to Multifamily Tax Subsidy Projects (MTSPs) placed in service on or after <br /> 1 1 2009. <br /> *2012 HERA maximum income limits apply to MTSP's placed in service prior to 1/1/2009. <br /> Maximum affordable rent is based on 30%of monthly income with all utilities paid by landlord.The City of Redwood City applies the <br /> Utility Allowances established by the County of San Mateo Housing Authority for determining tenant-paid utility allowances. <br /> Maximum affordable rents for 30%,80%, 100%and 120%are calculated by the County of San Mateo and the City of Redwood City <br /> based on HCD Income Limits and the following household sizes: <br /> Studio: 1 person <br /> 1-Bedroom: 1.5 persons <br /> 2-Bedroom:3 persons <br /> 3-Bedroom:4.5 persons <br /> 4-Bedroom:6 persons <br /> Please contact the City of Redwood City Housing Staff for any questions regarding the income limits or rents that apply to your units <br /> at 650-780-7299. <br /> Page 13 of 31 <br />
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