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MAYOR <br />Miguel A. Pulido <br />MAYOR PRO TEM <br />Michele Martinez <br />COUNCILMEMBERS <br />P. David Benavides <br />Vicente Sarmiento <br />Jose Solario <br />Sal Tinaiero <br />Juan Villegas <br />June 20, 2017 <br />EXHIBIT 1 <br />CITY OF SANTA ANA <br />20 Civic Center Plaza • P.O. Boz 1988 <br />Santa Ana, California 92702 <br />714-647-6900 <br />www.santa-ana.ora <br />Ms. Laura Archuleta <br />Jamboree Housing Corporation <br />17701 Cowan Avenue, Suite 200 <br />Irvine, California 92614 <br />Re: Santa Ana Veteran's Village — 3312 West 151 Street, Santa Ana, CA 92703 <br />CHDO HOME Loan Pre -Commitment Letter <br />Dear Ms. Archuleta, <br />INTERIM CITY MANAGER <br />Cynthia J. Kurtz <br />CITY ATTORNEY <br />Sonia R. Carvalho <br />CLERK OF THE COUNCIL <br />Maria D. Huizar <br />Jamboree Housing Corporation ("Developer") has submitted an application as an approved and <br />certified Community Housing Development Organization ("CHDO") in response to the City of <br />Santa Ana's Request for Qualifications issued on September 26, 2016. The application is for a <br />project located at 3312 West 1St Street, Santa Ana, CA 92703 to create 75 permanent supportive <br />housing units with wrap-around supportive services for homeless veterans ("Project"). On <br />February 7, 2017 the City Council authorized the use of CHDO HOME Investment Partnerships <br />Program funds by an eligible CHDO. The City has evaluated the Developer's application and <br />authorized issuance of this pre -commitment letter evidencing the preliminary award of a HOME <br />Investment Partnerships Program Loan ("HOME Loan") for the Project under 24 CFR <br />92.504(c)(3). The purpose of this letter is provide a pre -commitment from the City of Santa Ana <br />for a loan of up to $504,550. <br />The City of Santa Ana has made the Developer aware of the 2013 HOME Final Rule, specifically <br />including the amendments to the definition of "commitment" in 24 CFR 92.2 that prohibits the <br />City as a Participating Jurisdiction from providing a commitment (as the term is defined therein) <br />of HOME Program funds to any specific local project until "the [City] and project owner <br />[Developer] have executed a written legally binding agreement under which HOME assistance <br />will be provided to the owner for an identifiable project for which all necessary financing has been <br />secured, a budget and schedule have been established, and underwriting has been completed and <br />under which construction is scheduled to start within twelve months of the agreement date." <br />Notwithstanding the definition of "commitment" in 24 CFR 92.2 as amended by the 2013 HOME <br />Final Rule, 24 CFR 92.504(c)(3) authorizes the City to "preliminarily award HOME funds for a <br />SANTA ANA CITY COUNCIL <br />Mguel A. RAido Michela Madinez Ucente Samuento Jose Solario R David 6eravides Juan Yllegas Sal Tmajem <br />Mayor Mayor Rn Tem, Ward 2 Wardl M3 Ward Wam5 Wam6 <br />moalidos,sema-ana ora wartmezesarla-aaa2E�-nm r <br />daerwdesftanla-ma Ma Ivllleaas0sama-a".Ola slind=Asanta-anaom <br />