OPA: Grimshaw House - City of Anaheim

(iv) obtain an income verification certification from the
Social Security Administration and/or the California
Department of Social Services if the person receives
assistance from such agencies;
(v) obtain an alternate form of income verification
reasonably acceptable to Agency, if none of the
above forms of verification is available.
(D) Agency Assistance. It is the intent of the Parties that Agency
provide financial assistance through Anaheim’s Homebuyer
Downpayment Assistance Programs, to the extent funding exists in
such programs, and to the extent that such assistance is necessary
to ensure that prospective Initial Buyers who otherwise qualify to
purchase an Affordable Housing Unit on the Site can do so at an
Affordable Housing Cost. Therefore, Agency agrees to make
available to Lower Income Households, as needed, financial
assistance towards the purchase of an Affordable Housing Unit on
the Site of not less than the Minimum Agency Assistance.
(E) Recordation of Affordable Housing Restrictive Covenant. On
or before the closing for the Initial Sale of each Affordable
Housing Unit, Developer shall record the Affordable Housing
Restrictive Covenant against the Housing Parcel on which such
unit exists.
(F) Recordation of Release of Memorandum of Agreement.
Concurrently with the closing of Initial Sale of each of the
Affordable Housing Units, Developer shall record the Release of
Memorandum of Agreement against the Housing Parcel on which
such unit exists.
504.3 Creation of Market Rate Housing Units.
(A) INTENTIONALLY OMITTED.
(B) Recordation of Release of Memorandum of Agreement.
Concurrently with the closing of Initial Sale of each of the Market
Rate Housing Units, Developer shall record the Release of
Memorandum of Agreement against the Housing Parcel on which
such unit exists.
504.4 Payment of Additional Purchase Prices. On or before the Additional
Purchase Price Payment Date, Developer shall deliver to Agency (i) funds equal to
the Additional Purchase Price, and (ii) documentation reasonably acceptable to
Agency depicting the method by which the Additional Purchase Price was
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