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HOUSING AUTHORITY SPECIAL MEETING - SEPTEMBER 17, 2019 <br />CALL TO ORDER CHAIRPERSON PULIDO <br />PUBLIC COMMENT ON AGENDA ITEMS AND ITEMS OF PUBLIC INTEREST - (Refer <br />to page 2 "Public Input" for description.) <br />CONSENT CALENDAR <br />MOT/ON: Approve staff recommendation on Consent Calendar Item: 1 <br />1. EXCUSED ABSENCES <br />la►uz.»K.�►�ya►rre_��a►u�_v� <br />I:i�b91►1��YH_1��►1UG1:7 <br />JOINT SESSION OF THE CITY COUNCIL AND THE HOUSING AUTHORITY <br />AGENCY <br />2. JOINT SESSION — APPROVE AMENDED AND <br />RESTATED AFFORDABLE HOUSING LOANS AND <br />SUBORDINATION AGREEMENTS FOR THE <br />REHABILITATION OF CORNERSTONE APARTMENTS <br />{STRATEGIC PLAN NO. 4, 5) <br />HOUSING AUTHORITY <br />1.Authorize the Executive Director of the Housing Authority to execute an Amended and <br />Restated Loan Agreement with Cornerstone Housing Partners LP (c/o Jamboree <br />Housing Corporation) for $2,054,327 in Housing Successor Agency funds by <br />consolidating and replacing thirty-three existing Housing Successor Agency loans in <br />order to rehabilitate 126 units of existing affordable housing at 805, 810, 815, 816, 825, <br />828, 835, and 904 S. Minnie Street, Santa Ana, California, subject to non -substantive <br />changes approved by the Executive Director and Authority General Counsel. <br />2. Authorize the Executive Director of the Housing Authority to execute a <br />Subordination Agreement with MUFG Union Bank, N.A., for the Housing <br />Authority's Amended and Restated Housing Successor Agency Loan Agreement <br />with Cornerstone Housing Partners LP (c/o Jamboree Housing Corporation), <br />subject to non -substantive changes approved by the Executive Director and <br />Authority General Counsel. <br />CITY COUNCIL <br />DRAFT CITY COUNCIL MINUTES 18 September 17, 2019 <br />10A-18 <br />