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EXHIBIT 6 <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED RETURN TO: <br />Davis Wright Tremalne LLP <br />865 S. Figueroa Street <br />Suite 2400 <br />Los Angeles, CA 90017 <br />Attn: Nancy B. Clapp, Esq. <br />ABOVE <br />SUBORDINATION AGREEMENT <br />(HOUSING SUCCESSOR AGENCY LOAN) <br />NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR RIGHTS UNDER <br />CERTAIN AGREEMENTS RELATING TO CERTAIN REAL PROPERTY BECOMING <br />SUBJECT TO, AND OF LOWER PRIORITY THAN, THE LIEN OF A SECURITY <br />INTEREST. <br />THIS SUBORDINATION AGREEMENT (this "Agreement"), made as of the Is' day of September, <br />2019, by and between the HOUSING AUTHORITY OF THE CITY OF SANTA ANA SERVING AS THE <br />HOUSING SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY <br />("Subordinating Party"), whose address is 20 Civic Center Plaza, Santa Ana, California 92701, and MUFG <br />UNION BANK, N.A. ("Bank"), in its capacity as agent for the CALIFORNIA MUNICIPAL FINANCE <br />AUTHORITY ("Governmental Lender"), whose address is MUFG Union Bank, N.A., Loan Administration <br />Department, 3151 E. Imperial Highway, 1 6r Floor, Brea, California 92821, Attention: Manager, is made with <br />reference to the following facts: <br />A. Unless expressly defined herein, all capitalized terms used herein shall have the meanings <br />ascribed to them in Appendix I or Exhibit B attached hereto and made a part hereof. <br />B. Borrower is the owner (or, concurrently with the recording of this Agreement, will be the <br />owner) of the Property, which Property is more particularly described In Exhibit A attached hereto and made <br />a part hereof. <br />C. Borrower and Subordinating Party have heretofore entered into or, concurrently herewith, <br />are entering Into, those certain loan documents more particularly described in Exhibit B attached hereto <br />(collectively, 'Subordinating Parry's Loan Documents"), pursuant to the terms of which Subordinating <br />Party shall make to Borrower a and /100t" Dollar <br />($ 1 loan ("Subordinating Party's Loan") which Subordinating Party's Loan Is secured <br />by, among other things, that certain ///[Amended and Restated Deed of Trust and Assignment of Rents]I// <br />("Subordinating Party's Deed of Trust") dated 2019, executed by Borrower for the <br />benefit of Subordinating Party, and recorded substantially concurrently herewith in the Official Records of <br />Orange County, Californla (the "Official Records"), and encumbering the Property and all Improvements <br />to be constructed thereon and that certain ///[Amended and Restated Affordability Restrictions on Transfer <br />of Property]I// (the "Restrictions") dated , 2019, and recorded substantially <br />concurrently herewith In the Official Records, pursuant to the terms of which Borrower agreed, among other <br />things, for itself and Its successors and assigns, to operate the Project as a low income apartment project <br />in accordance with the terms and conditions set forth therein. Subordinating Party's Deed of Trust and <br />Sections and of the Restrictions are sometimes hereinafter collectively referred to as <br />"Subordinating Party's Security Documents". <br />D. Concurrently herewith, Borrower, Governmental Lender and Bank are entering into the <br />Borrower Loan Agreement, pursuant to the terms of which Governmental Lender shall make to Borrower <br />4920-2714•25&W.4 009625MC0020 <br />80A-283 <br />