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to approved as amended. <br />YES: 7 — Hernandez, Councilmember, — Lopez, Councilmember, — Mendoza, <br />Councilmember, — Penaloza, Councilmember, — Phan, Councilmember, — Bacerra, <br />Mayor Pro Tem, — Sarmiento, Mayor <br />NO: 0 <br />ABSTAIN: 0 <br />ABSENT: 0 <br />Status: 7 —0-0-0— Pass <br />68. Public Hearing - For the Crossroads at Washington affordable housing project located <br />at 1126, 1136, & 1146 East Washington Avenue: Approve two Loan Agreements for a <br />total combined amount of $4,644,909 and a Development Impact Fee Deferral <br />Agreement with Washington Santa Ana Housing Partners, L.P.; Approve two <br />Subordination Agreements with U.S. Bank and the County of Orange; Approve an <br />Additional Award of up to Eight Project -Based Vouchers for a combined total of 15 <br />Project -Based Vouchers; Approve revisions to the joint sixty-five (65) year Ground <br />Lease with Washington Santa Ana Housing Partners, L.P. and the County of Orange; <br />and Approve a draft Land Use Covenant and Equitable Community Revitalization <br />Grant Agreement with the State of California Department of Toxic Substances Control <br />(Non -General Fund) (Contingent upon approval of Housing Authority Item # 5) <br />Legal notice published in the Orange County Register on June 7, 2022 and June 13, <br />2022. <br />Department(s): Community Development Agency <br />Recommended Action: 1. Authorize the City Manager to execute a Loan <br />Agreement with Washington Santa Ana Housing Partners, L.P. for $3,007,489 in <br />HOME Investment Partnerships Program funds for the development of the Crossroads <br />at Washington affordable housing project located at 1126, 1136, & 1146 East <br />Washington Avenue, Santa Ana, CA 92701, (APNs 398-092-14 and 398-092-13) <br />subject to non -substantive changes approved by the City Manager and City Attorney <br />(Agreement No. 2022-XXX). <br />2. Authorize the City Manager to execute a Loan Agreement with Washington Santa <br />Ana Housing Partners, L.P. for $1,637,420 in Neighborhood Stabilization Program <br />funds for the development of the Crossroads at Washington affordable housing project <br />located at 1126, 1136, & 1146 East Washington Avenue, Santa Ana, CA 92701, <br />(APNs 398-092-14 and 398-092-13) subject to non -substantive changes approved by <br />the City Manager and City Attorney. This Loan Agreement includes $339,727 in <br />additional Neighborhood Stabilization Program funds to pay for an unanticipated <br />increase in development costs (Agreement No. 2022-XXX). <br />3. Authorize appropriation adjustment to recognize and appropriate Neighborhood <br />Stabilization Program 1-3 revenue from prior year fund balance of $237,371 and grant <br />funds of $246,501. This additional funding is to complete the necessary $1,637,420 <br />for contructions costs for the development of the Crossroads at Washington affordable <br />housing project located at 1126, 1136, & 1146 East Washington Avenue, Santa Ana, <br />City Council 29 6/21/2022 <br />