R E G I S T E R

T O D A Y !

AFFORDABLE HOUSING PROGRAM IN MISSION VIEJO

or ligible Low and Very Low nco e ouseholds

MAKE YOUR DREAM OF OWNING A NEW HOME COME TRUE

Lennar, in conjunction with the City of Mission Viejo is offering an affordable housing opportunity for uali ed applicants hese bedroo , bath ho es are being sold to uali ed and eligible Very

Low nco e and Low nco e ouseholds ee website to register and for details and restrictions

Registration is online only at www.theridgeaffordable.com

2013 INCOME GUIDELINES

Number of Persons in Household 1 2 3 4Median Income (100% AMI) $61,050 $69,750 $78,500 $87,200

Very-Low Income

(Below 50% AMI)

$33,750 $38,550 $43,350 $48,150 Low Income

(Below 80% AMI)

$53,950 $61,650 $69,350 $77,050

in Mission Viejo

924 - 931 sq. ft.

1 bedroom 1.5 baths 1-bay garage

Amounts shown above reflect the 2013 household income limits based on actual household size pursuant to household income limits published by the State of California, Department of Housing and Community Development (“HCD”) pursuant to Health and Safety Code Section 50052.5 and other applicable laws and regulations. Income limits for Orange County are established pursuant toSection 6932 ofTitle 25ofthe California Code of Regulations: Income category limits and area median income limits (“AMI”) shown are also subject toannual revision, as HCD publishes revised income limits. Within each Phase ofThe Ridge development and based ontiming of annual data issued Within each Phase ofThe Ridge development and based ontiming of annual data issued byHCD, subsequent sales prices for Affordable Units may be adjusted by Lennar based on such HCD annual income updates/adjustments.

The Ridge is currently under construction. Only select floorplans from The Ridge are available for purchase through the Affordable Housing Program. The Affordable Housing Program is administered byLennar with oversight bythe City of Mission Viejo. To qualify, buyer must meet program criteria, income limitation requirements as established bythe California Department ofHousing and Community Development (“HCD”) guidelines and is subject toresale restrictions. Affordable Homeownership Program income limits may be revised and home prices, which are set based on variable factors, may also be revised. Each qualified and selected Homebuyer must sign aPromissory Note, Deed of Trust, the CDA Homebuyer Loan Agreement and other documents related thereto (Affordable HomebuyerLoan Agreement, Notice of Affordability Restrictions on TransferofProperty, etc.) in favorofthe Community DevelopmentAgency of theCityofMission Viejo (“CDA”) that will makecertain that theeach Affordable Unit will be sold and resold at an Affordable Housing Cost forowner-occupancybyqualified and eligible Very LowIncomeand LowIncomeHousehold foraperiodof45years fromthe date of first sale.Employees of Lennar, itsgeneral contractor,any subcontractor(s), and theirfamilies are NOTeligible to purchase affordable units. Baysize mayvaryfromhometohomeand maynot accommodate allvehicles. Stated dimensions and square footageare approximate and should not be used as representation of the home’s precise or actual size. Thebuilder reservesthe rightsinits sole discretion to make changes or modifications to maps, plans, specifications, materials, features and colors without notice. All maps, plans, landscaping and elevations renderings are conceptual in nature and are merely an artist’s rendition and are not to scale. Renderingsare solelyfor #01252753. Copyright ©2013LennarCorporation. Allrightsreserved. Lennar, theLennarlogoand theEverything’sIncludedlogoare registered service marks or service marks of LennarCorporation and/or itssubsidiaries. 7/13