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Regulatory Agmt 15101 Washington Ave 07192022
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Regulatory Agmt 15101 Washington Ave 07192022
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6/26/2024 5:30:28 PM
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6/24/2024 1:56:34 PM
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CM City Clerk-City Council
Document Date (6)
7/19/2022
Recorded Document Type
Regulatory Agreement
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PERM
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2.5 No Condominium Conversion. Owner shall not convert the Project to <br />condominium or cooperative ownership or sell condominium or cooperative <br />rights to the Project during the term of this Agreement. <br />2.6 Non -Discrimination; Compliance with Fair Housing Laws. <br />2.6.1 Fair Housing. Owner shall comply with state and federal fair housing <br />laws in the marketing and rental of the units in the Project. Owner shall <br />accept as tenants, on the same basis as all other prospective tenants, <br />persons who are recipients of federal certificates or vouchers for rent <br />subsidies pursuant to the existing Section 8 program or any successor <br />thereto. <br />2.6.2 Non -Discrimination. The Owner covenants by and for itself and any <br />successors in interest that there shall be no discrimination against or <br />segregation of any person or group of persons, on account of any basis <br />listed in subdivision (a) or (d) of Section 12955 of the Government Code, <br />as those bases are defined in Sections 12926, 12926.1, subdivision (m) and <br />paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of <br />the Government Code, in the leasing, subleasing, transferring, use, <br />occupancy, tenure, or enjoyment of the Property and the Project, nor shall <br />the Owner itself or any person claiming under or through it establish or <br />permit any such practice or practices of discrimination or segregation with <br />reference to the selection, location, number, use or occupancy of tenants, <br />lessees, subtenants, sublessees or vendees of the Property. The foregoing <br />covenants shall run with the land. <br />3. Income Certification & Reporting <br />3.1 Reporting Requirements. <br />3.1.1 Tenant Certification. Owner or Owner's authorized agent shall obtain <br />from each household prior to initial occupancy of each Restricted Unit, <br />and on every anniversary thereafter, a written certificate containing all of <br />the following in such format and with such supporting documentation as <br />City may reasonably require: <br />(a) The identity and age of each member of the household; and <br />(b) Total household income. <br />3.1.2 The Owner shall make a good faith effort to verify that the income <br />provided by an applicant or occupying household in an income <br />certification is accurate by taking one or more of the following steps as a <br />part of the verification process: (1) obtain a pay stub for the most recent <br />pay period; (2) obtain an income tax return for the most recent tax year; <br />(3) conduct a credit agency or similar search; (4) obtain an income <br />verification form from the applicant's current employer; (5) obtain an <br />
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