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<br />“Eligibility Certification”), in which the prospective tenant certifies <br />as to qualifying as an applicable Qualifying Tenant. Eligibility <br />Certifications may be obtained no more than 120 days before a <br />Qualifying Tenant occupies an Affordable Unit. In addition, the <br />person will be required to provide whatever other information, <br />documents, or certifications are deemed reasonably necessary by the <br />Authority to substantiate the Eligibility Certification. Eligibility <br />Certifications will be maintained on file by Developer with respect <br />to each Qualifying Tenant who resides or resided in an Affordable <br />Unit for a period of 10 years following the end of the Qualified <br />Project Period, unless, following written request from the Developer <br />identifying Eligibility Certifications that Developer wishes to <br />discard the HRA consents to the Developer’s request to discard said <br />Eligibility Certification. Developer must re-examine and verify the <br />income of each tenant household living in an Affordable Unit <br />annually unless, during such year, no Affordable Unit is occupied <br />by a new tenant household whose income exceeds the applicable <br />income limit for Qualifying Tenants. In addition, no re-certification <br />shall be required if a Qualifying Tenant moves to a different <br />Affordable Unit. <br />v. Additional Affordable Housing Requirements. <br />A. No security deposit shall be required in excess of the amount of one <br />month of rent in connection with any Affordable Unit. <br />B. During the final year of the affordability period, new leases for the <br />Affordable Units must be for a term of no less than six months, and <br />such newly leased Affordable Units will be subject to all the <br />requirements of this Section until the expiration of such new leases. <br />C. Developer shall, upon annual invoicing, reimburse the City (or such <br />subdivision of the City administrating affordable housing <br />requirements) for reasonable third-party expenses related to <br />monitoring of Developer’s compliance with this Section and the <br />Affordable Housing Restrictive Covenant (plus any additional costs <br />necessitated by re-inspections for noncompliance) and thereafter be <br />subject to reasonable adjustment from time to time. As of the <br />Effective Date, $500.00 is an estimated annual cost based on other <br />affordable housing projects in the City, following full occupancy of <br />the Affordable Units. <br />(c) The requirements of this Section will be set forth in a separate restrictive <br />covenant in substantially the form attached to this Agreement as Exhibit G (the “Affordable <br />Housing Restrictive Covenant”) and recorded against the Development Property. <br />8 <br /> <br />