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

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"Agreement” means the Loan Agreement by and between the Agency and Developer. "Applicable Law" shall mean those federal, state and local laws, ordinances, regulations, policies and procedures applicable to the Project. "Building Permit" means the building permit(s) issued by the City of Santa Ana and required for the construction. "Business Day" means any Monday, Tuesday, Wednesday, Thursday or Friday on which Santa Ana City Hall is open to the public for the conduct of City affairs. "Calendar Year" means each consecutive twelve (12) month period from January 1 to December 31. "Certificate of Completion" has the meaning set forth in the Agreement. "City" means the City of Santa Ana, California, a charter city and municipal corporation. “City” shall also refer to the Agency where the context dictates, to the effect that the Agency shall have all the rights granted to the City hereunder. "City Project Manager" shall mean the City’s Housing Manager and/or his/her designee. "County" means the County of Orange, California. “Developer” means Shelter Providers of Orange County, Inc., a California nonprofit corporation doing business as HomeAid Orange County. "Event of Default" has the meaning set forth in the Agreement. “Extremely Low Income” means an adjusted income which does not exceed thirty percent (30%) of the Median Income for the Area, adjusted for household size, as published by the U.S. Department of Housing and Urban Development. "Governmental Authority" means any governmental or quasi-governmental agency, board, bureau, commission, department, court, administrative tribunal or other instrumentality or authority, and any public utility. "Housing Authority" means the Housing Authority of the City of Santa Ana (CA093), a public body, corporate and politic. "HUD" means the United States (U.S.) Department of Housing and Urban Development, and any successors or assigns thereof. EXHIBIT 4