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3 - APPROVE PRE LOAN COMMITMENT_2019-01-15
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3 - APPROVE PRE LOAN COMMITMENT_2019-01-15
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Community Development
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1/15/2019
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SANTA ANA CITY COUNCIL <br /> <br />Miguel A. Pulido <br />Mayor <br />mpulido@santa-ana.org <br />Juan Villegas <br />Mayor Pro Tem, Ward 5 <br />jvillegas@santa-ana.org <br />Vicente Sarmiento <br />Ward 1 <br />vsarmiento@santa-ana.org <br />David Penaloza <br />Ward 2 <br />dpenaloza@santa-ana.org <br />Jose Solorio <br />Ward 3 <br />jsolorio@santa-ana.org <br />Roman Reyna <br />Ward 4 <br />rreyna@santa-ana.org <br />Cecilia Iglesias <br />Ward 6 <br />ciglesias@santa-ana.org <br /> <br /> <br /> <br />MAYOR <br />Miguel A. Pulido <br />MAYOR PRO TEM <br />Juan Villegas <br />COUNCILMEMBERS <br />Cecilia Iglesias <br />David Penaloza <br />Roman Reyna <br />Vicente Sarmiento <br />Jose Solorio <br /> <br /> <br />CITY OF SANTA ANA <br />SANTA ANA HOUSING AUTHORITY <br />20 Civic Center Plaza ● P.O. Box 22030 <br />Santa Ana, California 92702 <br />(714) 667-2200 <br />www.santa-ana.org <br /> <br /> CITY MANAGER <br /> Raul Godinez II <br /> CITY ATTORNEY <br /> Sonia R. Carvalho <br /> CLERK OF THE COUNCIL <br /> Maria D. Huizar <br /> <br />January 15, 2019 <br /> <br /> <br />Scott Larson <br />Executive Director <br />HomeAid Orange County <br />24 Executive Park, Suite 100 <br />Irvine, CA 92614 <br /> <br />Larry Haynes <br />Executive Director <br />Mercy House Living Centers <br /> <br /> <br />Re: Francis Xavier Residence <br />801, 809, and 809½ East Santa Ana Boulevard, Santa Ana, CA 92701 <br />Pre-Commitment Letter for: LMIHAF Loan, Project Based Vouchers, and Lease <br />Agreement <br /> <br />Dear Messrs. Larson and Haynes: <br /> <br />HomeAid Orange County and Mercy Housing Living Centers (“Developer”) requested <br />financial assistance in connection with the proposed development of a twelve (12) unit <br />affordable housing complex to be located at 801, 809, and 809½ East Santa Ana Boulevard, <br />Santa Ana, CA 92701 (“Project”). <br /> <br />The City of Santa Ana (“City”) and the Housing Authority of the City of Santa Ana (“Housing <br />Authority”) have reviewed the Developer's request for assistance, and at the City <br />Council/Housing Authority meeting on January 15, 2019, the Housing Authority Board <br />authorized and approved issuance of this pre-commitment letter evidencing the preliminary <br />award of (collectively, the “Agency Assistance”): <br /> <br />- A loan in the maximum amount of $1,069,947.00 from the Low and Moderate <br />Income Housing Asset Fund (“LMIHAF”) held by the Housing Authority of the City <br />of Santa Ana acting as the Housing Successor Agency (“Agency”) for the Project <br />(“Agency Loan”); <br /> <br />EXHIBIT 2 <br />3-13
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