1.A Arden Village Workforce Housing Concept

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Sand Companies, Inc. will be responsible for hiring and training the manager, marketing the property, setting up strict resident selection criteria, along with daily communications, regular site visits, accounting, human resources, renovations and purchasing on behalf of the property. As a manager and owner, Sand Companies, Inc. has a very strict and stringent resident screening process and is an active member of the Crime Free Multi -Housing Program wherever available. All potential residents sign off on receiving the specific screening criteria before filling out an application. Sand Companies, Inc. not only does local checks on applicants, but also out of state checks, as applicable. The following is a brief summary of Sand Companies, Inc.'s minimum screening criteria. Sand Companies, Inc. reserves the right to be more stringent. 1. Age: All applicants must be at least 18 years of age. Any residents 18 years of age or older must be listed on the lease and also meet the screening criteria. 2. Income: For income restricted units, total gross household income must be at least two times the amount of rent, including utilities. 3. Credit: Applicants with a consistent history of NSF checks will be denied. Applicants with outstanding collections or judgments will be denied. Any applicants with an unlawful detainer will be denied. Applicants that have filed for bankruptcy in the last three years may be denied. Extenuating circumstances may be considered in the event of medical or other catastrophe. Applicants with a consistent history of late payment of their financial obligations will be denied. Sand Companies, Inc. also establishes minimum credit "beacon" scores. 4. Unlawful/Criminal History: Applicants with a history of unlawful or criminal activity will be denied. Persons involved in drug related criminal activity will be denied. Sand Companies, Inc. also uses the Crime/Drug Free lease addendum, which is signed by all residents (18 years of age or older) of the household and is made part of the lease. Applicants with dependents in the household with criminal offenses will be denied. 5. Rental History: Applicants with a rental history must provide at least one verifiable rental landlord reference with a minimum of one-year rental history. Applicants with a history of late rental payments, verified housekeeping problems and/or a history of disturbing the peace will be denied. 6. Occupancy: Even if the city does not have an ordinance limiting the number of occupants in a unit, Sand Companies, Inc. sets occupancy standards of no more than two residents per bedroom. Arden Village Proposed Development 6