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( I EXIDBIT B Definitions "Affordability Term" means the period from the Commencement Date and for the five year period thereafter. "City's Housing Code" means the applicable City of Lakewood Housing and Building Codes as set forth in Part 13 of the Codified Ordinances of the City. "Committed Amount of HOME Funds" means (i) with respect to fiscal year 1994 HOME Funds, $210,000 and (ii) with respect to any subsequent fiscal year the amount of HOME Funds approved for the Program by the Consortium Review Board, notice of which shall be given in writing to the Participating Bank by the City. "Displaced Homemaker" means an individual who: (1) is an adult; (2) has not worked full-time, full-year in the labor force for two or more years but has, during such years, worked primarily without remuneration to care for the home and family; and (3) is unemployed or underemployed and is experiencing difficulty in obtaining or upgrading employment. "Eligible Acquisition Costs" means any or all of the following costs or expenses of an Eligible Borrower in connection with the acquisition of an Eligible Property: 1) 2) the down payment; or any costs incurred in connection with obtaining a First Mortgage Loan, including but not limited to any closing costs; provided that any points paid by the City shall not exceed 3 points. "Elil!ible Borrower" shall mean a natural person: 1) who is a Homebuyer, a Displaced Homemaker or a Single Parent; and 2) whose family has adjusted gross income that does not exceed eighty percent (80%) of the median income for the City's geographical area adjusted by household size, as set forth in the Table of Median Incomes by Household in Exhibit G attached hereto and a made a part hereof; and B-1