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A. Rents shall be based on two person households for one bedroom units, three person households for two bedroom units, four person households for three bedroom units regardless of the number of persons actually occupying such units. B. The monthly rent for each of the Affordable units available for households with low incomes shall not exceed one twelfth of 80 of the Area Median income multiplied by 30 The monthly rent for each of the Affordable units available for households with moderate incomes shall not exceed one twelfth of 120% of the Arca Median Income multiplied by 30 Monthly rents for the Affordable units will be increased based on increases in Area Median Income from and after the date of this Agreement. C. If HUD fails to issue revised median household income statistics for the San Francisco- Oakland Fremont Metropolitan Statistical Area within 15 months of the previous revision, rents for units referred to in this Section 1 may be adjusted based on the annual percentage increase in the San Francisco- Oakland Consumer Price Index for urban wage earners and clerical workers. D. The rents described herein shall exclude utilities in the broadest sense, including, but not limited to gas, electricity, water, garbage, television cable, telephone, and intemet 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. E. The units described in this section shall not be fixed in the Project and may change depending on vacancies. F. The Affordable units shall have the same interior standards of quality (e.g., appliances, interior features /amenities, services, etc.) as the market rate units. G. If multiple people apply for an Affordable Unit, the units shall be rented in accordance with the City's Preference System, as may be amended, with the most current version set forth in Attachment 2. H. Once each year, the Developer (or the Developer's successor in interest) shall provide the City a report detailing the average annual income of tenants occupying the Affordable units, the number of one, two, three and four person households occupying the Affordable units, the number of vacancies and new rentals during the year for the Affordable units. I. All Affordable units shall be subject to this Agreement for thirty years (30) from the Date of Execution of this agreement. 2. The Developer, with City consultation, shall assume all responsibility to market the Affordable units. Marketing shall be in accordance with City eligibility and income guidelines in -conformance with the City's Preference System. The Developer will