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Exhibit One <br /> <br />17. Borrower must submit a complete application to the City's Housing Division at least four <br />weeks prior to their scheduled close of escrow. Upon determination of eligibility for the <br />Program, by the City's Housing Division, borrower shall receive a letter stating Program <br />Eligibility. This letter shall indicate the maximum amount of loan funds a buyer is eligible for. <br />This letter determines loan eligibility only. Since funding is limited and is available on a first <br />come first serve basis, a letter of eligibility is not a guarantee that funds will be available to the <br />borrower when requested. <br /> <br />18. Homebuyer must successfully complete a City approved first-time homebuyer training <br />program prior to the close of escrow. <br /> <br />19. Priority shall be given to persons who live and/or work in the City of Pleasanton <br />consistent with the City's adopted preference system for affordable housing projects. <br /> <br />4 <br /> <br /> <br />