Item 16 - Affordable Housing Project at 801, 807, 809 and 809 ½ E. Santa Ana Blvd

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FREE RECORDING REQUESTED PURSUANT TO GOVERNMENT CODE SECTION 6103 & 27383 When Recorded Mail to: City of Santa Ana Clerk of the Council 20 Civic Center Plaza (M-30) P.O. Box 1988 Santa Ana, California 92702 Attention: Clerk of the Council AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY {Address: 801, 807, 809 and 809 ½ East Santa Ana Boulevard, Santa Ana, California} THESE AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY (the "Restrictions") are entered into by and between Shelter Providers of Orange County, Inc., a California nonprofit corporation doing business as HomeAid Orange County (“Developer”) and the Housing Authority of the City of Santa Ana, acting as the Housing Successor Agency, a public body, corporate and politic (“Agency”). RECITALS: A. The Agency is authorized by the Community Redevelopment Law of the State of California (Health and Safety Code section 33000, et seq.) (“CRL”) to expend funds to increase the supply of very low and low income housing available at affordable housing costs. In part to further this goal, the Agency has created the Merged Project Areas, within the City (the “Project Area”), and adopted a Redevelopment Plan for the redevelopment of the Project Area. In accordance with Section 33334.2, et seq., of the CRL, the Agency sets aside a portion of the tax increment revenues it receives from the Merged Project Area in a separate low and moderate housing asset fund, which the Agency uses for the construction, preservation, and rehabilitation of affordable housing for low-income households. B. Developer requested financial assistance in connection with the ground lease, development, construction, ownership, occupancy, and operation of a seventeen (17) unit affordable housing complex (“Project”) to be located at 801, 807, 809 and 809 ½ E. Santa Ana Blvd., Santa Ana, California, legally described within Exhibit A of the Agency Loan Agreement hereto and incorporated herein (“Property”). Nine (9) of the units will be permanent supportive housing for households earning no more than 30% of the Area Median Income; Seven (7) of the units will be permanent supportive housing for households earning no more than 25% of the Area Median Income; and one (1) of the units is reserved for an on-site manager. Office space within the development will be provided for use as space for the case managers that will provide mental health services. On-site amenities will include a courtyard, EXHIBIT 4