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AMI ( "60% Units "), a monthly rent that does not exceed one - twelfth of thirty percent (30 %) of sixty percent (60 %) of Area Median Income, Adjusted for Family Size Appropriate for the Unit. "Area Median Income" or "AMI" means the median income for Alameda County, California, adjusted for Actual Household Size, as determined by the U.S. Department of Housing and Urban Development ( "HUD ") pursuant to Section 8 of the United States Housing Act of 1937 and as published from time to time by the State of California Department of Housing and Community Development ( "HCD ") in Section 6932 of Title 25 of the California Code of Regulations or successor provision published pursuant to California Health and Safety Code Section 50093(c). "Claims" is defined in Section 10. "Eligible Household" means a household for which gross household income upon initial occupancy does not exceed the applicable maximum income level for a Restricted Unit as specified in Section 2.1 "Existing Loan" is defined in Recital E. "HOME Assisted Units" is defined in Section 2.1.1. "HOME Regulations" means the Regulations applicable to the HOME Investment Partnership Program established by the National Affordable Housing Act of 1990 (42 USCA § 12471, et seq.) (the "HOME Program ") as set forth in 24 CFR Part 92. "Indemnitees" is defined in Section 10 . "Regulations" means Title 25 of the California Code of Regulations. "Restricted Unit" means a dwelling unit which is reserved for occupancy at an Affordable Rent by a household of not more than a specified household income in accordance with and as set forth in Sections 2.1 and Section 2.2 "Surf" is defined in Recital E. "Very Low - Income" means an annual gross household income that is less than or equal to the qualifying limits for households of Very Low Income adjusted for actual household size, as determined periodically by HUD on the basis of gross annual household income and published by HCD in the Regulations for Alameda County. If HUD ceases to make such determination, "Very Low Income" shall be defined as not greater than fifty percent (50 %) of Area Median Income adjusted for actual household size, as published by HCD in the Regulations. If both HCD and HUD cease to make such determinations, City in its reasonable discretion may designate another definition of "Lower Income" used by any other federal or state agency so long as such definition is no more restrictive than that set forth herein. 1753724.3