Common use of TO REGULATORY AGREEMENT Clause in Contracts

TO REGULATORY AGREEMENT. Special Conditions In the event of any inconsistencies or conflicts between these Special Conditions and the terms of this Agreement or any of the other Loan Documents, the terms of these Special Conditions shall control. Requirements for project-based Rental Assistance (paragraph 10.d). The following Units shall be covered by project-based rent subsidies: No. of Units Bedrooms Assistance Program MHP Income Limit Required Reserves (paragraph 18). Replacement Reserves (paragraph 18.a). 1 2 Annual Deposit Amount3: $ [ ] based on .006 times $ [ ] based on a physical needs assessment Initial Capitalization Amount: $ Withdrawals Require Prior Department Approval: Yes Operating Reserve (paragraph 18.b). Deposit Amount: $ per month Initial Capitalization Amount: $ Date of Deposit: [close of escrow or __?] Withdrawals Require Prior Department Approval? YES Other Reserves (paragraph 18.c). If applicable, approved transition reserve account established to prevent tenant displacement resulting from the termination of rent subsidies. Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? [ADD language for Unfunded Transition Reserves; otherwise delete.]

TO REGULATORY AGREEMENT. Special Conditions In the event of any inconsistencies or conflicts between these Special Conditions and the terms of this Agreement or any of the other Loan Documents, the terms of these Special Conditions shall control. Requirements for project-based Rental Assistance (paragraph 10.d). The following Units shall be covered by project-based rent subsidies: No. of Units Bedrooms Assistance Program MHP Income Limit Required Reserves (paragraph 18). Replacement Reserves (paragraph 18.a). 1 2 Annual Deposit Amount3: $ $______________ [ ] based on .006 times $ construction costs per UMR 8309(b)(1): $_____________ [ ] based on $500 times number of units [ ] based on a physical needs assessment [ ] based on a direct federal loan or grant program: _______________________ [ ] based on CalHFA requirements Initial Capitalization Amount: $ $_____________ Withdrawals Require Prior Department Approval: Yes Operating Reserve (paragraph 18.b). Deposit Amount: $ per month Initial Capitalization Amount: $ Date of Deposit: [close of escrow or __?] Withdrawals Require Prior Department Approval? YES Other Reserves (paragraph 18.c). If applicable, approved transition reserve account established to prevent tenant displacement resulting from the termination of rent subsidies. Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? [ADD language for Unfunded Transition Reserves; otherwise delete.]

TO REGULATORY AGREEMENT. Special Conditions In the event of any inconsistencies or conflicts between these Special Conditions and the terms of this Agreement or any of the other Loan Documents, the terms of these Special Conditions shall control. Requirements for project-based Rental Assistance (paragraph 10.d). The following Units shall be covered by project-based rent subsidies: No. of Units Bedrooms Assistance Program MHP Income Limit Required Reserves (paragraph 18). Replacement Reserves (paragraph 18.a). 1 2 Annual Deposit Amount3: $ [ ] based on .006 times 0.6 percent of $ [ ] based on $500 per unit [ ] based on a physical needs assessment Initial Capitalization Amount: $ Withdrawals Require Prior Department Approval: Yes Operating Reserve (paragraph 18.b). Deposit Amount: $ per month Initial Capitalization Amount: $ Date of Deposit: [close of escrow or __?] Withdrawals Require Prior Department Approval? YES Other Reserves (paragraph 18.c). If applicable, The approved transition reserve account established to prevent tenant displacement resulting from the termination of rent subsidies. subsidies as required by this Agreement is as follows: Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? YES Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? YES [ADD following language for Unfunded re Transition ReservesReserves to the extent applicable; otherwise delete.]

TO REGULATORY AGREEMENT. Special Conditions In the event of any inconsistencies or conflicts between these Special Conditions and the terms of this Agreement or any of the other Loan Documents, the terms of these Special Conditions shall control. Requirements for project-based Rental Assistance (paragraph 10.d). The following Units shall be covered by project-based rent subsidies: No. of Units Bedrooms Assistance Program MHP Income Limit Required Reserves (paragraph 18). Replacement Reserves (paragraph 18.a). 1 2 Annual Deposit Amount3: $ [ ] based on .006 times $ [ ] based on a physical needs assessment Initial Capitalization Amount: $ Withdrawals Require Prior Department Approval: Yes Operating Reserve (paragraph 18.b). Deposit Amount: $ per month Initial Capitalization Amount: $ Date of Deposit: [close of escrow or __?] Withdrawals Require Prior Department Approval? YES Other Reserves (paragraph 18.c). If applicable, The approved transition reserve account established to prevent tenant displacement resulting from the termination of rent subsidies. subsidies as required by this Agreement is as follows: Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? YES Name: Deposit Amount: $ per Initial Capitalization Amount: Withdrawals Require Prior Department Approval? YES [ADD following language for Unfunded re Transition ReservesReserves to the extent applicable; otherwise delete.]