West Orange Fourth Round HEFSP_adopted 111025_Appendices

Inst. # 2023018959 - Page 4 of 6 Article 3. Affordable Housing Covenants The following covenants (the “Covenants”) shall run with the land with respect only to the Affordable Units for the period of time (the “Control Period”), determined separately with respect for each dwelling unit, commencing upon the earlier of the (a) date hereof or (b) the date on which the first certified household occupies the unit, and shall and expire as determined under the Uniform Controls, as defined below. In accordance with N.J.A.C. 5:80-26.11, each Affordable Unit shall remain subject to the requirements of this subchapter, the “Control Period”. Each Affordable Unit myst remain subject to the requirements of this Deed Restriction pursuant to this subchapter for a period ef at least 30 years; provided, however, that; 1. Units located in high-poverty census tracts shall remain these affordability requirements for a period of at least 10 years; and 2. Any unit that, prior to December 20, 2004, tive certification from COAH, was part of a judgment of compliance a of competent jurisdiction or became subject to a grant agreement or other cont ith either the State or a political subdivision thereof, shall have its control governed by said grant of substantive certification, judgment or grant or contract. A. — Sale and use of the Property is go’ if zeulatone known as the Uniform Housing Affordability Controls, which are one Jersey Administrative Code at Title 5, chapter 80, subchapter 26 (NJ.A.C. ~ ‘pet seq, the “Uniform Controls”), B. The Affordable Units shall be ust res) for the purpose of providing rental dwelling units for very-low-income (making 30 it or less of median income in the housing region, as defined in the New Jersey Fait ing Act), persons in need of supportive and special needs housing. While special s ig units are exempt from income eligibility review by the Administrative Agent, itment for any Affordable Unis shall be given or implied by ISDD, its successors or assigns, without securing documentation that affirms the household’s income is at or below 30 percent of median income in the housing region. tS fitay be made to the Property that would affect the bedroom configuration fordable Units, and any improvements to the Affordable Units must be and in writing by the Administrative Agent. D. The Own lt notify the Administrative Agent and the Municipality of

om configuration fordable Units, and any improvements to the Affordable Units must be and in writing by the Administrative Agent. D. The Own lt notify the Administrative Agent and the Municipality of any foreclosure actions filed with respect to the Property within five (5) business days of service upon Owner. E, The Owner shall notify the Administrative Agent and the Municipality within three (3) business days of the filing of any petition for protection from creditors or reorganization filed by or on behalf of the Owner.