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Exhibit A <br />Program/Project Description and Specific Requirements <br />Proiect Description/Eligible Costs. Funding provided in this Agreement is for predevelopment and <br />other eligible soft costs, development, construction and demolition activities, in connection with <br />construction and development of senior rental housing located at 240 Kottinger Drive (APN 094-0095- <br />033-03),4185 Vineyard Avenue (APN 094-0095-017), and 4133 Regalia Court (a portion of APN 094- <br />0095-034), Pleasanton, California, and consisting of common areas plus a total of 131 units of housing <br />(including 1 manager's unit) targeted to and affordable to low-income seniors (excluding the manager's <br />unit) ("Project" or "Program"). Of the 131 units in the Project, 127 will be one -bedroom units and 4 will <br />be two -bedroom units, including the manager's unit. <br />Construction of the Project will meet federal Section 504 requirements, described in Exhibit D, for <br />persons with physical and sensory accessibility needs, and, to the extent applicable, federal prevailing <br />wage requirements under Davis -Bacon, also described herein and in Exhibit C, in addition to all other <br />applicable laws, ordinances, rules and regulations of federal, state, county or municipal governments or <br />agencies now in force or that may be enacted hereafter that govern the construction. <br />HOME -Assisted Proposed Monthly Rent for <br /># Bedrooms Total Units Units HOME -Assisted Units: <br />[does not include utilities] <br />1 127 1 Low HOME $972 <br />2 High HOME <br />2 4 0 HOME $1,160 <br />TOTAL 131 3 (HOME) <br />Total Units <br />HOME -Assisted Units <br />Section 504 Accessible <br />10 <br />1 <br />Units <br />TOTAL <br />10 <br />1 <br />The Proposed Rent for HOME Assisted Units currently are projections, and will be finalized prior to <br />permanent loan conversion. The Parties anticipate that they will execute a regulatory agreement <br />incorporating a HOME affordability covenant or deed restriction that will be recorded against the <br />Project's rental housing properties at the time of execution of ground lease. <br />Prior to the first draw request/request for reimbursement and at either each subsequent funding draw <br />request or upon submission of the quarterly performance report described later in this Exhibit A, but no <br />less frequently than quarterly throughout construction of the Project, Contractor shall provide City with <br />a performance schedule, including milestones, for use of funds, including tasks to be performed, and a <br />A-1 <br />191\52\1543377.4 <br />