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04/08/2013 <br /> Exhibit B <br /> (Declaration of Affordability Covenants) <br /> RECORDING REQUESTED BY ) <br /> AND WHEN RECORDED MAIL TO: ) <br /> ) <br /> CITY OF REDWOOD CITY <br /> ATTN: HOUSING <br /> 1017 MIDDLEFIELD ROAD ) <br /> REDWOOD CITY, CALIFORNIA 94064 ) <br /> AnN: ) <br /> ) <br /> (SpaCe Above Provided For Recorder) Exempt from Recording Fees under Govt.Code Section 27383 <br /> DECLARATION OF AFFORDABILITY COVENANTS <br /> Kainos Home 8� Training Center, hereinafter referred to as "Owner," agrees that the <br /> Property described in Exhibit "A", and more commonly known as 1033 Redwood, shall <br /> be restricted for a period of Fifteen 15 years from the date of Project Completion. The <br /> City defines Project Completion as the date of issuance of the Certificate of Occupancy, <br /> Notice of Completion, or some other document approved by the City evidencing <br /> completion. This restriction will remain continuously affordable to very low- and low- <br /> income tenants and will be binding on the Owner and any and all successors in interest. <br /> HOME Definitions, Requirements, Rent and Occupancy Restrictions - The <br /> following definitions, requirements and references may be adjusted from time to <br /> time by HUD or the City, and any such adjustments shall be incorporated by <br /> reference into this Agreement: <br /> a. Special Guidance For HOME Assisted Special Needs Housinq: In addition to <br /> Agreement terms, conditions and covenants the following requirements are applicable <br /> to Special Needs/Transitional Housing (Group Housing) pursuant to HOME regulations <br /> (Reference HUD Notice CPD 94-01: "Using HOME Funds for Single Room Occupancy <br /> and Group Housing"). <br /> b. Group Home Definition: HOME defines Group Housing and Group Homes as <br /> follows: "A Group Home is housing occupied by two or more single persons or families <br /> consisting of common space and/or facilities for group use by the occupants of the unit, <br /> and (except in the case of shared one bedroom units) separate private space for each <br /> family. It also includes group housing for elderly or disabled persons. Supportive <br /> services may be provided. These structures are usually large single-family units that are <br /> being used for this purpose. PJs may choose to consider them as a single unit for <br /> HOME assistance purposes or, depending upon their size, choose to classify them as <br /> single room occupancy (SRO) units" (HUD Notice CPD 94-01: "Using HOME Funds <br /> for Single Room Occupancy and Group Housing). <br /> ATTY/AGR/2013.043/KAINOS-1033 REDWOOD AVE <br /> REV:03-28-13 VR <br /> Page 21 of 34 <br /> RESO.#15256 <br /> MUFF#304 <br />