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EXHIBIT 6 <br />RECORDING REQUESTED BY AND <br />WHEN RECORDED RETURN TO: <br />Davis Wright Tremaine LLP <br />865 S. Figueroa Street <br />Suite 2400 <br />Los Angeles, California 90017 <br />Attention: Nancy Clapp, Esq. <br />SPACE ABOVE THIS LINE FOR RECORDER'S USE <br />SUBORDINATION AGREEMENT <br />(City of Santa Ana) <br />This SUBORDINATION AGREEMENT (this "Agreement") dated as of <br />, 2022, is executed by and among (i) UMPQUA BANK, an Oregon state - <br />chartered bank (in such capacity, "Initial Funding Lender" and "Senior Lender"), as assignee <br />of the CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY, a joint <br />exercise of powers agency, organized and existing under the laws of the State of California <br />("Governmental Lender"), (ii) CITY OF SANTA ANA, a charter city and municipal corporation <br />("Subordinate Lender"), and (iii) WESTVIEW HOUSE LP, a California limited partnership <br />("Borrower"). <br />RECITALS: <br />A. Pursuant to Chapter 7 of Part 5 of Division 31 of the California Health and Safety <br />Code (the "Act"), Governmental Lender has determined to make a tax-exempt mortgage loan to <br />the Borrower in the maximum aggregate principal amount of $ (the "Senior <br />Tax -Exempt Load') and a taxable mortgage loan to Borrower in the maximum aggregate <br />principal amount of $ (the "Senior Taxable Load'; and together with the <br />Senior Tax -Exempt Loan, the "Senior Load'), in each case to provide for the financing of an 85- <br />unit rental housing development project (the "Project') on the "Land" ("Land") described in the <br />"Senior Secured Instrument" (as defined below). The Senior Loan will be made pursuant to that <br />certain Borrower Loan Agreement (as amended from time to time, the "Senior Loan Agreement') <br />dated as of 1, 2022, between Governmental Lender, as lender, and Borrower, <br />as borrower, and disbursed pursuant to that certain Construction Funding Agreement (the <br />"Construction Funding Agreement") dated as of even date herewith, by and between Borrower <br />and Senior Lender. The Senior Tax -Exempt Loan is evidenced by, among other things, that certain <br />promissory note dated as of even date herewith, made by Borrower to the order of Governmental <br />Lender in the face principal amount of the Senior Tax -Exempt Note (the "Senior Tax -Exempt <br />Note"), and the Senior Taxable Loan is evidenced by that certain promissory note dated as of even <br />date herewith, made by Borrower to the order of Governmental Lender in the face principal amount <br />of Senior Taxable Loan (the "Senior Taxable Note"; and together with the Senior Tax -Exempt <br />Note, the "Senior Note"). <br />Subordination Agreement (City of Santa Ana) Form 6456 Page 1 <br />Fannie Mae 09-1 Z Ccn 7n1 Z Fannie Mae <br />City Council 39 — 460 5/17/2022eW House] <br />4883-3835- 436v.3 0113877-000026 <br />