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EXHIBIT 4 <br />FIRST AMENDMENT TO AFFORDABILITY RESTRICTIONS <br />ON TRANSFER OF PROPERTY <br />THIS FIRST AMENDMENT TO AFFORDABILITY RESTRICTIONS ON <br />TRANSFER OF PROPERTY dated, for identification purposes only, as of July 16, 2019, is <br />made and entered into by and between the CITY OF SANTA ANA, a charter city and municipal <br />corporation ("City) and SANTA ANA VILLAGE LP, a California limited partnership <br />("Developer"), with reference to the following: <br />RECITALS: <br />A. The City and Developer entered into a HOME Loan Agreement dated August 21, <br />2018, and recorded in Official Records, Orange County, with filing number <br />2018000341750 on September 18, 2018 ("said HOME Loan Agreement"). <br />B. The City and Developer executed the Affordability Restrictions on Transfer of <br />Property dated August 21, 2018, and recorded in Official Records, Orange County, <br />with filing number 2018000463084 on December 11, 2018 ("Said Affordability <br />Restrictions"). <br />C. The purpose of said HOME Loan Agreement and said Affordability Restrictions is <br />to assist with the development of a seventy-six (76) unit residential housing <br />development, including seventy-five (75) permanent supportive housing units, with <br />wrap -around support services for homeless veterans, located at 3312 W. First <br />Street, Santa Ana, California, and commonly referred to as the Santa Ana Veterans <br />Village ("Project"). <br />D. In accordance with the terms and conditions of said HOME Loan Agreement and <br />said Affordability Restrictions, the parties desire to amend said Affordability <br />Restrictions to increase the amount of HOME funding provided by the City to <br />Developer for the Project, and to update the mix and requirements for the HOME <br />assisted units, as necessary. <br />NOW, THEREFORE, for and in consideration of the mutual covenants and agreements <br />herein contained, and subject to the terms and conditions of said HOME Loan Agreement and said <br />Affordability Restrictions, except as herein modified, City and Developer agree as follows: <br />Section 3.1, Use Covenants and Restrictions, subsections (A) and (B), of said <br />Affordability Restrictions shall be amended to increase the number of HOME <br />assisted units from two (2) units to three (3) units, including two (2) one -bedroom <br />units and one (1) two -bedroom unit, fixed. <br />2. Section 3.2, Affordability Levels/Unit Mix, of said Affordability Restrictions shall <br />be amended to replace the affordability levels/unit mix matrix with the following: <br />25B-21 <br />