Eligibility Standard Setting. The Director shall be responsible for setting and revising standards of household eligibility to participate in the MPDU program by regulation. These standards must specify moderate-income levels for varying sizes of households relative to the area median income. Certificate of Eligibility. Certifying Authority. The Director may certify households eligible to participate in the MPDU program, which shall be valid for three (3) years. Eligibility Requirements. Households seeking to purchase an MPDU shall apply for a certificate of eligibility on a application form provided by the Director. The application shall demonstrate: Household income does not exceed one hundred percent (100%) of the Area Median Income adjusted for household size; Proof that the household is able to qualify for and obtain financing to purchase the MPDU; At least one household member is a resident of the County for the at least one year prior to the date of application; Proof that no adult member of the household has owned any residential property during the prior three years; and Intent (by attestation) to occupy the MPDU as the primary residence. Review Prior to Sale. Eligibility will be reviewed within sixty (60) days before a sale of an MPDU to ensure that income eligibility guidelines continue to be met. Certificate Renewal. Prior to the expiration of the certificate of eligibility, an eligible household may have the certificate renewed for one year upon a showing that the household still meets the requirements in Subsection (2) above. Continued Ownership. A household that buys an MPDU after meeting all of the eligibility requirements may retain ownership of the MPDU even if the household ceases to meet income eligibility standards during the time that the household owns the MPDU. Waiting List. If there are more eligible households that wish to purchase an MPDU than there are available units, the Director shall establish a waiting list from which eligible households shall be selected and notified.