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Authorize the City Manager to execute an Amended and Restated Loan <br />Agreement with Cornerstone Housing Partners LP (c/o Jamboree Housing <br />Corporation) for $5,128,152 in HOME Investment Partnerships Program (HOME) <br />funds by consolidating and replacing ten existing HOME Program loans in order <br />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 - <br />substantive changes approved by the City Manager and City Attorney. <br />2. Authorize the City Manager to execute a Subordination Agreement with MUFG <br />Union Bank, N.A., for the City's Amended and Restated HOME Loan Agreement <br />with Cornerstone Housing Partners LP (c/o Jamboree Housing Corporation), <br />subject to non -substantive changes approved by the City Manager and City <br />Attorney. <br />Item considered and voted during the Joint Regular Open Session, Item 80A, and Special <br />Housing Authority meeting. <br />1�►1�Z�7�:i�11,y1►1��Y�7_1��►1�7_1:7 <br />W.wiwia►r0 <br />3. HOUSING AUTHORITY MEMBER COMMENTS - AT THIS TIME <br />Housing Authority members may comment on non -agenda matters <br />and ask questions of or give directions to staff. NO action may be <br />taken on non -agenda items unless authorized by law. <br />ADJOURNMENT <br />Mayor Pulido adjourned the meeting at 7:11 p.m. <br />DRAFT CITY COUNCIL MINUTES 19 September 17, 2019 <br />10A-19 <br />