3_Exhibit E - Laserfiche WebLink

2 158739848.5 Median Income as provided in Cal. Government Code §65915 and Cal. Health & Safety Code §50053(b)(4). The Affordable units shall be consistent with the following: A. The Affordable unit mix shall be as follows: Unit Type Low Income (Generally at or below 80% of AMI) 1 Bedroom 32 2 Bedroom 20 3 Bedroom 6 Total: 58 B. Affordable unit rents shall be based on the following household sizes: Unit Type Household Size Studio One (1) person household 1 Bedroom Unit Two (2) person household 2 Bedroom Unit Three (3) person household 3 Bedroom Unit Four (4) person household C. The monthly rent for each of the Affordable units shall not exceed: (1) one-twelfth of 60% of the Area Median Income for households whose gross incomes generally exceed the maximum income for very low income households up to sixty percent (60%) of Area Median Income adjusted for the household sizes listed in Section B above multiplied by 30%; or (2) one-twelfth gross income for households whose gross incomes exceed sixty percent (60%) up to eighty percent (80%) of Area Median Income adjusted for the household sizes listed in Section B above multiplied by 30%. D. Rent for Affordable units shall be based on the AMI at the time the City issues Certificate of Occupancy and shall adjust consistent with HUD’s adjustment in the AMI. If HUD fails to issue revised Area Median Income/household income statistics for the San Francisco-Oakland-Fremont Metropolitan Statistical Area within 15 months of the previous revision, rents for the Affordable units may be adjusted based on the annual percentage increase in the San Francisco-Oakland Consumer Price Index for urban wage earners and clerical workers. E. The rents described herein shall exclude utilities in the broadest sense, including, but not limited to gas, electricity, water, garbage, television cable, telephone, and internet service; provided, however, that if any or all of such utilities are offered at no cost to market rate units they shall also be offered at no cost to the Affordable units. F. The Affordable units shall be dispersed throughout the apartment units located in the Project unless otherwise approved by the City. The Affordable units shall not be fixed and may change within the apartment units depending on vacancies. G. The Affordable units shall have comparable interior standards of quality (e.g., appliances, interior features/amenities, services, etc.) as the market rate units. H. All Affordable units shall be rented to qualified applicants in accordance with the