Laserfiche WebLink
<br /> <br />a. For the purposes of this Agreement, "lower-income household" <br />means either: <br />1) PMSA. Those individuals or families with incomes no <br />greater than eighty percent (80$) of the median family <br />income for the Standard Metropolitan Statistical Area <br />defined as Alameda and Contra Costa Counties for a family <br />of four persons, adjusted up or down for larger or smaller <br />household sizes ("PMSA Median"); or <br />2) Tri-Valley. Those individuals or families with income no <br />greater than eighty percent (80$) of the median family <br />income for Tri-Valley residents, as determined by the <br />Planning Director, for a family of four (4) persons, <br />adjusted up or down for larger or smaller household sizes <br />("Tri-Valley Median") . <br />Individuals or families who certify that they meet the <br />qualifications for eligibility as lower income households as set <br />forth in the Certification of Tenant Eligibility, attached as <br />Exhibit "B" and incorporated herein by this reference, shall be <br />deemed lower income households unless Developer knew, or <br />should have known, that such households were in fact ineligible <br />for such classifications. <br />b. A dwelling unit occupied by a lower-income household which at <br />the time of commencemen t of occupancy was a lower-income <br />household shall be treated as being occupied by a lower-income <br />household for the entire reporting period, as described in <br />Section 6 herein, even though said household subsequently <br />ceases to be qualified as a lower-income household. <br />c. In the event a qualified lower-income household has ceased to be <br />so qualified at the end of any reporting period, .said household <br />shall no longer be treated as a lower-income household and <br />Developer shall be obligated to lease, or hold available for lease, <br />the next vacant dwelling unit or similar size and amenities to a <br />qualified lower-income household . <br />d. Subject to the provisions of Section 1 c), at all times Developer <br />shall rent or have reserved 15$ of the total number of dwelling <br />units for lower income households (i.e. 53 units). At any one <br />time, however, the number of each type of dwelling unit rented <br />to lower income households as defined in Section 1 a) shall be <br />within ten percent (10$) of the minimum number of each type of <br />dwelling unit in the residential project as described in the <br />example below: <br />One Two <br />Bedroom Bedroom <br />Minimum Number of Units to be 27 26 <br />Allocated to Lower Income Households <br />Range of Units to be Allocated 24 - 29 23 - 28 <br />to Lower Income Households <br />