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III. RESIDENT POPULATION <br /> From the Effective Date and thereafter for the 15 year term of the Use Restriction <br /> Covenant Agreement, seven (7) units shall be occupied by Very Low-Income <br /> tenants with incomes not exceeding 50% of Area Median Income ("AMI") <br /> respectively, for the Seattle-Bellevue, WA HUD Metro FMR ("fair market rents") <br /> area, at the time of initial occupancy as indicated herein. The Project includes seven <br /> (7) "HOME-Assisted Units." <br /> The overall project will serve the following populations: <br /> Total <br /> % of Median 1 2 3 4 5 Units / <br /> Income Studio BR BR BR BR BR Beds <br /> 30% <br /> 50% 1 6 7 <br /> 60% <br /> 80% <br /> Mgr's Unit <br /> (unrestricted) 1 1 <br /> Totals 2 6 8 <br /> The HOME-Assisted Units will include: <br /> # HOME UNITS Studio 1 2 3 4 5 Total <br /> BR BR BR BR BR Units <br /> Fixed <br /> Floating 1 6 7 <br /> % of Median Income <br /> 30% <br /> 50% 1 6 7 <br /> 60% <br /> 80% <br /> TOTALS 1 6 7 <br /> The specific populations to be served include the following: <br /> Specific Populations to be Served Homeless Non-Homeless <br /> General 8 <br /> Families with Dependent Children <br /> Seniors / <br /> Disabled (specify) <br /> Farmworkers <br /> Special Needs (specify) <br /> Other (Elderly (62+) and disabled) <br /> Amended Exhibit A <br /> Housing Hope's Kennedy Court Improvement Project <br /> Page 2 of 7 <br />