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10C Action 2009 0615
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10C Action 2009 0615
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Last modified
6/12/2009 9:55:42 AM
Creation date
6/12/2009 9:55:40 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/15/2009
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_CC Agenda 2009 0615
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2009\Packet 2009 0615
RDA Reso 2009-015
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
Reso 2009-094
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
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Exhibit B <br />UNIT MIX, RENT AND OCCUPANCY RESTRICTIONS <br />Restricted Unit Type Number of Required Maximum Initial Income Limit <br /> Restricted Units <br />Studio 4 ELI 30% of AMI <br /> 8 VLI 40% of AMI <br /> 3 VLI 50% of AMI <br /> 1 LI 60% of AMI <br />One Bedroom 3 ELI 30% of AMI <br /> 3 VLI 40% of AMI <br /> 2 VLI 50% of AMI <br /> 1 LI 60% of AMI <br />Total Restricted Units 25 <br />AMI =Area Median Income <br />ELI =Extremely Low-Income (30% AMI) <br />VLI =Very Low-Income (40% and 50% AMI) <br />LI= Low Income (60% AMI) <br />Maximum Initial Income Limit =maximum income for a household to qualify for initial <br />occupancy in the specified Restricted Unit <br />AMENDED AND RESTATED REGULATORY AGREEMENT 2 3 <br />MISSION BELL APARTMENTS <br />1227466-8 <br />
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