(a) The rent supplement contract shall contain a provision obligating the housing owner to immediately notify the Mayor upon receiving a report from a tenant of an increase in the tenant's household income, resulting in a monthly income 30 percent of which is greater than the full monthly rental for the housing unit. The contract shall also obligate the housing owner, upon failing to notify the Mayor when a report of such increase in income is received from a tenant, to reimburse the Mayor for any rent supplement payments made during the period when the tenant is receiving the increased income.
(b) In selecting qualified tenants to occupy a local rent supplement unit, the owner shall agree to grant a first priority for occupancy to households displaced by the Yerba Buena Center Redevelopment Project, provided such potential tenants make timely application for admission.
(Added by Ord. 290-72, App. 10/10/72; amended by Ord. 243-00, File No. 001309, App. 10/27/2000)