SR 06:076 - Laserfiche WebLink

B. The monthly rent for 23 of the 50% Units shall not exceed one-twelfth of 50% of the Area Median Income for a single-person household multiplied by 30%. The monthly rent for 46 of the 50% Units shall not exceed the rent for a one bedroom unit with allowable utility allowances at 50% of the Median Income Level for' Alameda County as published annually by the California Tax Credit Allocation Committee. C. The monthly rent for 55 of the 60% Units shall not exceed one-twelfth of 50% of the Area Median Income for a single-person household multiplied by 30%. The monthly rent for 5 of the 60% Units shall not exceed the rent for a one bedroom unit with allowable utility allowances at 60% of the Median Income Level for Alameda County as published annually by the California Tax Credit Allocation Committee. The monthly rent for the 9 two bedroom units shall not exceed one- twelfth of 60% of the Area Median Income for a two-person household multiplied by 30%, D. IfHUD fails to issue revised median household income statisti~ for the Oakland Primary Metropolitan Statistical Area within 15 months of the previous revision, rents for units referred to in this Section I may be adjusted based on the annual percentage increase in the San Francisco-Oakland Consumer Price Index for urban wage earners and clerical workers. E. The rents described herein shall exclude utilities in the broadest sense, including, but not limited to gas, electricity, water, garbage, television cable, telephone, and internet service; provided, however, that if such utilities are offered at no cost to market rate units they shall also be offered at no cost to the Affordable units. F. The Affordable units shall be located randomly throughout the apartment building as reasonably determined by the Owner so as not to cluster such units. The units described in this section shall not be fixed in the building and may change depending on vacancies. G. The Affordable units shall have the same interior standards of quality (e.g., appliances, interior features/amenities, services, etc.) as the market rate units. H. The unit mix for the Affordable units shall be: One bedroom units at 50% of Area Median Income - 69 units One bedroom units at 60% of Area Median Income - 60 units Two bedroom units at 60% of Area Median Income - 9 units I. All Affordable units shall be rented in accordance with the City's Preference System, as may be amended, with the most current version attached as Exhibitl, 2