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d. Rent Review during the HOME Affordability Period. The Agency shall establish rents for the HOME-Assisted Units that comply with the affordability provisions of 24 CFR §92.252; provided that in no event will such rents exceed the maximum rent permitted under Internal Revenue Code Section 42 and the regulations thereunder. e. Tenant Protections and Selection. The Agency shall operate the project during the HOME Affordability Period consistent with the provisions 24 CFR §92.253 regarding lease requirements, prohibited lease terms, termination of tenancy, and tenant protections and selection. G. Maintenance The Agency shall maintain units and common areas in a safe and sanitary manner in accordance with all applicable local codes (including health, building and housing codes), rehabilitation standards, ordinances and zoning ordinances at the time of Project completion, and the Management Plan provided for in this Agreement. The Agency agrees to keep the Premises in good condition and repair; not to remove or demolish any building thereon; to complete or restore promptly and in good and workmanlike manner any building that may be constructed, damaged, or destroyed, and to pay when due all claims for labor performed and materials furnished therefor; to comply with all laws affecting the Premises or requiring any alterations or improvements to be made; not to commit or permit waste thereof; not to commit, suffer, or permit any act upon the Premises in violation of law; and to do all other acts which from the character or use of the Premises may be reasonably necessary to preserve and conserve its value. The Agency shall maintain the property as decent, safe, and sanitary housing in good repair in conformance with the Uniform Property Condition Standards, or such other on-going property standards as the City may require. H. Taxes, Assessments, and Encumbrances The Agency agrees to pay before delinquency all taxes, assessments, and any other charges affecting the Premises when due, and all encumbrances, charges, and liens, with interest, on the Premises or any part, subject to the Agency's right to contest such taxes, assessments and other charges in good faith. I. Eligibility for Admission An applicant is eligible for admission to the Project if he or she meets all of the following criteria: 1. For HOME-Assisted Units: The applicant meets the income and other requirements of the HOME Program as set forth in the HOME Regulations and this Loan Agreement and meets the requirements of any other funding sources providing funds for the Project, which sources and eligibility requirements have been approved by the City. 2. For City-Assisted Units: The applicant meets the income eligibility requirements as set forth in this Agreement, and in the Seattle-Bellevue, WA HUD Metro Fair Market Rent Area Income Limits established annually by HUD, or such other affordable housing program income eligibility requirements as the City may designate, such as the income Loan Agreement • Cocoon House Page 21 of 51