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e <br /> EXHIBIT B <br /> AFFORDABLE RENTS <br /> PROJECT HOMESTART <br /> Inter-Faith Council for Social Services, Inc. <br /> CHAPEL HII.L,N.C. <br /> The maximum monthly rents are identified in the Application or amendments thereto. <br /> Rents must remain affordable to households consistent with the income targeting <br /> represented in the Application. For assisted units to be considered affordable, the cost of <br /> rent and utilities cannot exceed 30% of each tenant's gross household income. The Agency <br /> will use a Regulatory Agreement and annual reporting requirements to ensure that income <br /> targeting and affordability standards are met. Rents may be increased only after the <br /> receipt of written permission from the Agency. <br /> 15 <br />