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Housing Authority <br />santa-ana.org/cd <br />Item # 5 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />June 21, 2022 <br />TOPIC: Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 <br />East Washington Avenue <br />AGENDA TITLE: <br />Public Hearing - For the Crossroads at Washington affordable housing project located at <br />1126, 1136, & 1146 East Washington Avenue: Approve two Loan Agreements for a total <br />combined amount of $4,644,909 and a Development Impact Fee Deferral Agreement with <br />Washington Santa Ana Housing Partners, L.P.; Approve two Subordination Agreements <br />with U.S. Bank and the County of Orange; Approve an Additional Award of up to Eight <br />Project-Based Vouchers for a combined total of 15 Project-Based Vouchers; Approve <br />revisions to the joint sixty-five (65) year Ground Lease with Washington Santa Ana <br />Housing Partners, L.P. and the County of Orange; and Approve a draft Land Use <br />Covenant and Equitable Community Revitalization Grant Agreement with the State of <br />California Department of Toxic Substances Control (Non-General Fund) (Contingent <br />upon approval of City Council Item # 68). <br />RECOMMENDED ACTION <br />HOUSING AUTHORITY <br />1. Approve an award of up to eight additional project-based vouchers, for a combined <br />total of 15 project-based vouchers, and authorize the Executive Director of the <br />Housing Authority to execute an Agreement to enter into a Project-Based Vouchers <br />Housing Assistance Payments Contract with Washington Santa Ana Housing <br />Partners, L.P. for the development of the Crossroads at Washington affordable <br />housing project located at 1126, 1136, & 1146 East Washington Avenue, Santa Ana, <br />CA 92701, (APNs 398-092-14 and 398-092-13), subject to non-substantive changes <br />approved by the Executive Director of the Housing Authority and Authority General <br />Counsel. <br />2. Authorize the Executive Director of the Housing Authority to execute proposed <br />revisions to the joint sixty-five (65) year Ground Lease with Washington Santa Ana <br />Housing Partners, L.P. and the County of Orange, for the development of the