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~~> <br />RECORDING REQUESTED BI' <br />EiMERICAN TITLE COMPANY <br />Recording Requested by and <br />After Recording Retum to: <br />CITY OF SAN LEANDRO <br />City Clerk's Office <br />835 East 14TH Street <br />San Leandro, CA 94577 <br />2'~~ ~o ~~':~ l <br />2002261091 06!1312002 08;30 AM <br />OFFICIAL RECORDS OF RECORDING FEE: 0.00 <br />ALAMEDA COUNTY <br />PATRICK O'CONNELL <br />I <br />iz PG5 <br />I! <br />Y }F M (, ~1~~¢ <br />~~ ~ ~ ~-' , t~~<Ei . ~~. <br />{~ .. <br />~-~ ~~~~~ <br />,' <br />~~ CITY OF SAN LEANDI~ <br />REGULATORY AGREEMENT JUL 0 8 202 <br />BETWEEN CITY OF SAN LEANDRO <br />AND CITY CLERK'S OFFICE <br />CITIZENS' HOUSING CORPORATION <br />A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATIONN <br />SECTION 1. DEFINITIONS. <br />Unless otherwise expressly provided herein or unless the context clearly requires otherwise, the following <br />terms shall have the respective meaning set forth below for all purposes of this Regulatory Agreement: <br />CONTRACT: Means the Loan Agreement entered into between the Developer and the City governing the <br />use of HOME funds for the Project. <br />CITY: Means City of San Leandro, a municipal corporation, and its successors. <br />DATE OF INITIAL OCCUPANCY: Means the date that the Project is first occupied by tenants following <br />completion of construction. <br />HOME: Means the HOME Investment Partnership Program established by the National Affordable <br />Housing Act of 1990. <br />HUD: Means the United States Department of Housing and Urban Development and its successors. <br />INCOME CERTIFICATION: Means a certification as to income executed by a household in the Project. <br />LOW INCOME TENANTS: Low Income Tenants means the occupants of a HOME unit in the Project <br />whose household income, adjusted for household size, as computed pursuant to the Income Certification, <br />does not exceed sixty percent (60%) of the Median Gross Income for the Area. Determination of the status <br />of an occupant of a HOME unit as a Low Income Tenant shall be made upon initial occupancy of a unit in <br />the Project by such occupant and recertified annually. A tenant who qualifies as a Low Income Tenant <br />remains qualified as a Low Income Tenant even if such household's income rises above the limit <br />