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�O�lOS�s4 (d) If the Project experiences financial trouble it can request a waiver of the applicable rent restriction sta.ted on the Summary Page of this Agreement. The right to grant a rent restrictian waiver is vested in the Executive Director of the Authority. A waiver will be based on the written evidence supplied by the owner which is evaluated and certified by an independent third party CPA. The Authority may waive or adjust the specified rent restriction for a period not to exceed 36 months. After 3Q months a review of the current evidence will be conducted to determine if the waiver should be extended. Conditions justifying a waiver of the rent restriction include but axe not limited to: (i) Extraordinary changes in operating expenses. (ii) Capital requirements necessary to maintain a safe, sanitary unit, suitable for occupancy. (iii) Lender originated changes to financial conditions and debt arrangement that substantially impacts debt service coverage ratios. Any dispute of the waiver decision by the Executive Director of the Authority can be appealed and settled by arbitration. The arbitration boazd shall consist of the following mutually acceptable representatives: (A) A representa.tive selected by the Executive Director of the Authority; (B) A representative selected by the Owner of the Project; and (C) A representa.tive from the American Arbitration Association (moderator or voting member). Under no circumsta.nces shall the waiver process provide an opportunity for a project to deviate from the rent restriction because of improved market conditions or for any reason other than an increase in the certain county area median income, without the prior approval of the Executive Director of the Authority. Section 6. Compliance With Crown Program. Owner hereby acknowledges a material inducernent for the Authority to enter into this Agreement was to provide a program to assist Qualified Tenants in moving from rented residences into ownership by providing, among other things, educational, supportive and counseling services more fully described on Exhibit E to the Property Management Agreement (the "Crown Program'�. Owner hereby covenants and agrees to ensure the provision of all such educational, supportive and counseling services (collectively, the "Supportive Services"). Owner also hereby covenants and agrees to: (a) operate and ensure the opera.tion of the Dwelling Units in a manner consistent with the Crown Program. 4840-0052-9929.1 10