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lease, a minimum of twenty-nine (29) units in the Project on a <br />continuous basis at a rental rate affordable to moderate income <br />households. <br />a. The Developer shall select, at his option, dwelling <br />units from those located in buildings B-1 through B-9, inclusive <br />(Lots 53-108, inclusive, of Tract 5008). <br />b. This requirement for lease of 29 units shall be in <br />addition to the requirement to rent ~7 units to lower-income <br />households. <br />c. The units to be leased, or reserved for lease, pursuant <br />to this section shall be rented, or offered for rent, at a level <br />which does not exceed thirty percent (30%) of one-twelfth (1/12th) <br />of the median yearly household income for a family of four for <br />the San Francisco-Oakland Standard Metropolitan Statistical Area, <br />as determined by HUD. Annual increases may not exceed the percentage <br />increase allowed under Section 3 herein. <br />S. Period of Compliance. <br />The requirements of this Agreement shall apply for a <br />period of seven (7) years after the date on which fifty percent <br />(SO%) of the units in the rental portion of .the Project (buildings <br />B-1 through B-9, inclusive) are occuvied (the "Completion Date"). <br />Within six (6) months of that date, the Developer shall deliver <br />to the City a certificate in substantially the form shown in <br />Exhibit"C", attached hereto and incorporated herein by this <br />reference, indicating the Completion Date. <br />6. Records and Monitoring. <br />a. Income Certifications <br />Sworn income certifications, <br />-5- <br />