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such dwelling units shall be in compliance with Section 51.3 of the California Civil Code. 2.2 Affordability Requirements. For a term of fifty-five (55) years commencing upon the date of issuance of a final certificate of occupancy for the Project, fifty (50) of the dwelling units in the Project shall be both Rent-Restricted (as defined below) and occupied (or if vacant, available for occupancy) by Eligible Households whose income does not exceed Very Low-Income. A dwelling unit shall qualify as "Rent-Restricted" if the gross rent charged for such unit does not exceed the Qualifying Rent as adjusted for assumed household size in accordance with the applicable provisions of the CRL, the federal HOME Program restrictions, and California Tax Credit Allocation Committee ("TCAC") guidelines. 2.3 Rents for Restricted Units. Rents for Restricted Units shall be limited to Qualifying Rents. Notwithstanding the foregoing, no tenant qualifying for a Restricted Unit shall be denied continued occupancy of a unit in the Project because, after admission, such tenant's adjusted income increases to exceed the qualifying limit for such Restricted Unit. A household which at initial occupancy qualifies as Very Low- Income shall be treated as continuing to be of Very Low-Income so long as the household's income does not exceed 140% of 50% of AMl. 2.4 Unit Sizes and Design. The Restricted Units shall consist of fifty (50) one- bedroom units. 2.5 Manager's Unit. One dwelling unit in the Project may be used as a resident manager's unit; and shall be exempt from the occupancy and rent restrictions set forth in this Agreement. 2.6 No Condominium Conversion. Owner shall not convert the Project to condominium or cooperative ownership or sell condominium or cooperative rights to the Project during the term of this Agreement. 2.7 Non-Discrimination; Compliance with Fair Housing Laws. 2.7.1 Fair Housing. Owner shall comply with state and federal fair housing laws in the marketing and rental of the units in the Project. Owner shall accept as tenants, on the same basis as all other prospective tenants, persons who are recipients of federal certificates or vouchers for rent subsidies pursuant to the existing Section 8 program or any successor thereto. 2.7.2 Non-Discrimination. Owner covenants for itself and all persons claiming under or through it, and this Agreement is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, 956619-4 5