Occupancy of Extremely Low Income and Additional Affordable Housing Units Sample Clauses
Occupancy of Extremely Low Income and Additional Affordable Housing Units. The Developer owning the Residential Building shall select households for the Extremely Low Income units and the Additional Affordable Housing units (the “Deed-Restricted Units”) from a City-administered list of income-qualified households. If households are not available from the list to fill any vacancy, such Developer shall select tenants based on a marketing plan (the “Affordable Housing Marketing Plan”) consistent with the United Stated Department of Housing and Urban Development’s Affirmative Fair Housing Marketing Plan - Multifamily Housing form (▇▇▇▇://▇▇▇▇▇▇.▇▇▇.▇▇▇/hudportal/documents/huddoc?id=935-2a.pdf), as specified in 24 CFR 200.625 or any successor thereto and in accordance with the requirements of 24 CFR 200.620 or any successor thereto, to be submitted for the City’s review and approval no later than 12 months after the issuance of a building permit for the first Residential Building. The Affordable Housing Marketing Plan shall also include the following requirements:
(i) Developer shall give preference in leasing the affordable units to persons evicted pursuant to the ▇▇▇▇▇ Act, Government Code Section 7060, persons residing in Santa ▇▇▇▇▇▇, and persons working in Santa ▇▇▇▇▇▇, unless preempted other government requirements that pertain to tenant selection.
(ii) Developer shall certify the income of the prospective tenants subject to City certification, prior to selection for occupancy in order to ensure that the occupancy requirements specified in Sections 2.6.4 and 2.7.4 of this Agreement are met. The income certification shall be completed in accordance with the following:
(iii) Developer shall require an income declaration from all household members eighteen (18) years of age and older.
(iv) For purposes of this Agreement, “income” shall include employment income, social security, disability, pensions, supplementary benefits, support payments, income from sale of real property, and income from assets over $5,000 (not including automobiles or furnishings). Developer shall obtain verification for all income, which may include pay stubs, income tax returns, savings account statements, financial statements, stock certificates, etc. in order to verify the gross annual household income.
(v) Developer shall compute gross annual household income by totaling all income, and adjusting as follows: Deduct $480 for each dependent, defined herein as a household member under 18 years of age; Deduct $400 for any family with a head of household o...