HABITAT FOR HUMANITY OF ORANGE COUNTY (3)

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FIRST AMENDMENT TO CONDITIONAL GRANT AGREEMENT INCLUSIONARY HOUSING PROGRAM THIS FIRST AMENDMENT TO CONDITIONAL GRANT AGREEMENT ("First Amendment") dated, for identification purposes only, as of April 6, 2021, is made and entered into by and between the City of Santa Ana, a charter city and municipal corporation ("City"), and Habitat for Humanity of Orange County, a nonprofit organization ("Developer") with reference to the following: RECITALS: A. The City and Developer executed a Conditional Grant Agreement Inclusionary Housing Program dated November 17, 2020, in the amount of $231,494 ("Grant Agreement"), for the proposed development of two (2) single-family detached homes restricted for sale to moderate income families earning no more than 120% of the Orange County Area Median Income ("Project") to be located at 416 Vance Street (APN 398- 041-18) and 826 N. Lacy Street (APN 398-041-220) (collectively, the "Property"). B. Developer requested an additional $333,777 from the City in order to offset a portion of the additional construction costs associated with the Project due to the architectural requirements of French Park where the Property is located. C. The City, on the same terms and conditions found in the Grant Agreement, desires to increase such Conditional Inclusionary Grant to Developer in order to make possible the development and construction of the Project, thereby expanding the supply of decent, safe, sanitary and affordable housing within the City. D. This First Amendment is entered into for the purpose of increasing the total amount of the Conditional Inclusionary Grant from the City to the Developer for completion of the Project, pursuant to the Inclusionary Housing Fund regulations and guidelines. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions of said Grant Agreement, except as herein modified, the parties agree as follows: Section 1.1, Defined Terms, shall be amended to increase the total amount in the definition of "Inclusionary Grant" or "Inclusionary City Grant" by $333,777 for a total Inclusionary Grant amount up to $565,271. 2. Section 3.1, Inclusionary Funds, shall be amended to increase the total amount of the Inclusionary Grant by $333,777 for a total Inclusionary Grant amount up to $565,271.