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RECORDING REQUESTED BY: AND 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 Return PLLEY EXECUTED Free Recordingpursuantto U 0', GtJA C Copy COTC, SCUT Government Code27383 (c. Si)trHr A-2023-181 DENSITY BONUS HOUSING AGREEMENT (1212 E. Fourth Street, Santa Ana, California; APN: 398-385-02) This ENSITY B NU}$- HOUSING AGREEMENT ("Agreement"), made and entered u into this day offplXh , 2023 ("Effective Date"), by and between the City of Santa Ana, a charter city and municipal corporation of the State of California ("City"), and Unison Real ` Estate Group, LLC, a California Limited Liability Company ("Developer"). City and Developer CD are sometimes referred to collectively as the "Parties" and individually as a "Party." RECITALS A. Developer is the owner of that certain property located within the City of Santa Ana, County of Orange, State of California, commonly known as 1212 E. Fourth Street, Santa Ana, California, 92701, and legally described as set forth in Exhibit A attached hereto and incorporated herein by this reference as if set forth in full ("Property"). B. Developer is proposing to develop a residential development consisting of no more than fifteen (15) residential rental units on the Property, as more particularly set forth in Density Bonus Application No. DBA-2023-1 ("Project"). Without the density bonus, Developer would only be permitted to build twelve (12) units on the Property. C. Santa Ana Municipal Code sections 41-1600, etseq. ("City Density Bonus for Affordable Housing"), and California Government Code sections 65915, et seq. ("State Density Bonus Law"), set forth a process to provide increased residential densities and incentives, concessions, and waivers to property owners or developers who guarantee that a portion of their residential development will be available to low income, very -low income, or senior (also known as "qualified") households. These regulations are intended to materially assist the housing industry in providing adequate and affordable housing for all economic segments of the community and to provide a balance of housing opportunities for very -low income, low income and senior households throughout the city. D. The Project is proposing a total number of fifteen (15) residential rental units, including one (1) unit for very -low income households. Pursuant to California Government Code