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Amendment to HOME Loan Agreement for the Santa Ana Arts Collective <br />August 21, 2018 <br />Page 4 <br />STRATEGIC PLAN ALIGNMENT <br />The activities covered by this report allow the City to meet Goal #5 - Community Health, <br />Livability, Engagement & Sustainability, Objective # 3 (Facilitate diverse housing opportunities <br />and support efforts to preserve and improve the livability of Santa Ana neighborhoods), Strategy <br />A (Continue to explore options Citywide regarding the re -use of commercial or industrial buildings <br />that are currently underutilized or vacant for mixed-use residential projects), and Strategy C <br />(Provide that Santa Ana residents, employees, artists and veterans receive priority for affordable <br />housing created under the City's Housing Opportunity Ordinance or with City funding to the <br />extent allowed under state law). <br />FISCAL IMPACT <br />Funds for the HOME Program loan will be carried forward from prior year for expenditure in FY <br />2018-19 as follows: <br />Grant Year <br />Account No. Amount <br />2011 <br />13018780-69152 $384,573.41 <br />2017 <br />13018780-69152 $ 23,297.59 <br />Totals $407,871.00 <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />APPR VED AS TO FUNDS AND ACCOUNTS: <br />Sergio Vidal G 1-, <br />Assistant Director d <br />Finance and Management Services Agency <br />Exhibits: 1. HUD's HOME Expiring Funds Report from July 2, 2018 <br />2. Proposal from Meta Housing Corporation <br />3. Amendment to HOME Investment Partnerships Program Loan Agreement <br />4. Subsidy Layering Analysis by Keyser Marston Associates <br />25J-4 <br />