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09B
City of Pleasanton
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CITY CLERK
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2018
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020618
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09B
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
2/6/2018
DESTRUCT DATE
15Y
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51.4; (b) the federal Fair Housing Act, 42 U.S.C. Section 3607(b) and 24 CFR 100.304; (c) the <br />California Fair Employment and Housing Act, Govemment Code Section 12900 et seq., and (d) <br />all other applicable laws and regulations. Owner will indemnify, defend, and hold the <br />Indemnitees harmless from all Claims arising out of Owner's failure to comply with applicable <br />legal requirements related to housing for persons with developmental disabilities. The indemnity <br />provisions of this paragraph shall survive the expiration or other termination of this Agreement. <br />Owner shall make the following supportive services available to residents of the <br />Project: . Owner shall be obligated to provide or arrange for the <br />provision of supportive services to residents of the Project in accordance with the Plan described <br />in Sections 6.4 and 6.5 below. <br />2.2 Affordability and Occupancy Requirements. Throughout the Term of this <br />Agreement (as defined in Section 4.1 below): not less than six (6) of the residential units in the <br />Project shall be available at Affordable Rents to households whose income is no greater than <br />twenty percent (20%) of Area Median Income, not less than an additional three (3) of the <br />residential units in the Project shall be available at Affordable Rents to households whose <br />income is no greater than forty percent (40%) of Area Median Income, not less than an additional <br />fourteen (14) of the residential units in the Project shall be available at Affordable Rents to <br />households whose income is no greater than fifty percent (50%) of Area Median Income, and not <br />less than an additional six (6) of the residential units in the Project shall be available at <br />Affordable Rents to households whose income is no greater than sixty percent (60%) of Area <br />Median Income. Two (2) residential units shall be manager/staff units that will not be subject to <br />rent or occupancy restrictions. Developer shall comply with rent and occupancy restrictions <br />imposed by all applicable financing sources and regulatory agencies if such agencies impose <br />requirements on the Project that are more stringent than those set forth in this Agreement. <br />Notwithstanding any contrary provision of this Agreement, if any residential units in the <br />Project are subsidized with Section 8 project -based vouchers through a Housing Assistance <br />Payment Contract with HUD, the rules and regulations applicable to such program shall prevail <br />with respect to the setting of rents, implementation of occupancy requirements, and <br />determination of Gross Income. <br />In the event that recertification of tenant incomes indicates that the number of Restricted <br />Units actually occupied by Eligible Households falls below the number reserved for each income <br />group as specified in this Section 2.1 and Exhibit B, Owner shall rectify the condition by renting <br />the next available dwelling unit(s) in the Project to Eligible Household(s) until the required <br />income mix is achieved. A dwelling unit shall qualify as "Rent Restricted" if the gross rent <br />charged for such unit does not exceed the Affordable Rent for the applicable household income <br />category as set forth in Exhibit B, subject to Section 2.2. <br />Notwithstanding anything to the contrary contained in this Agreement, if other Project <br />lenders, Project investors, or regulatory agencies restrict a greater number of units than restricted <br />by this Agreement or require stricter household income eligibility or affordability requirements <br />than those imposed hereby, the requirements of such other lenders, investors or regulatory <br />agencies shall prevail, including without limitation, the rent and occupancy requirements <br />imposed in connection with the use of project based vouchers or other rent subsidies. <br />5 <br />OAK #9834-1210-2746 v4 <br />
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