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EXHIBIT 2 <br /> EXHIBIT D <br /> RECORDING REQUESTED BY: <br /> AND WHEN RECORDED MAIL TO: <br /> City of Santa Ana <br /> Clerk of the Council <br /> 20 Civic Center Plaza(M-30) <br /> P.O. Box 1988 <br /> Santa Ana, California 92702 <br /> Attention: City Clerk <br /> Free Recording pursuant to <br /> Government Code 27383 <br /> REGULATORY AGREEMENT <br /> IMPOSING AFFORDABLE HOUSING COVENANTS AND RESTRICTIONS <br /> (DENSITY BONUS) <br /> (1921 W.Washington, Santa Ana, California; APN: 405-101-37) <br /> This REGULATORY AGREEMENT IMPOSING AFFORDABLE HOUSING <br /> COVENANTS AND RESTRICTIONS (DENSITY BONUS) ("Regulatory Agreement"), made <br /> and entered into this_ day of .2024("Effective Date"),by and between the <br /> City of Santa Ana, a charter city and municipal corporation of the State of California("City"), and <br /> Habitat for Humanity of Orange County, a California nonprofit religious corporation <br /> ("Developer"). City and Developer are sometimes referred to collectively as the "Parties" and <br /> individually as a"Party." <br /> RECITALS <br /> A. Developer is the owner of that certain property located within the City of Santa <br /> Ana, County of Orange, State of California, commonly known as 1921 W. <br /> Washington Avenue, Santa Ana, California, (APN 405-101-37), with the legal <br /> description set forth in Exhibit A attached hereto and incorporated herein by this <br /> reference ("Property"). <br /> B. City and Developer have entered into a Conditional Grant Agreement, pursuant to <br /> which, City agreed to provide a grant (the "Inclusionary Grant") in an amount up <br /> to Two Million Two Hundred Thousand Dollars ($2,200,000) to Developer for a <br /> residential homeownership project that involves construction of six (6) affordable <br /> housing units restricted for sale to low income households, which will be provided <br /> within three (3) duplex buildings, and include related amenities, including but not <br /> limited to: parking, landscaping, lighting, signage, and other amenities, and all <br /> other on-site and off-site improvements required for operation of the Property (the <br /> "Project"). <br /> C. As a condition of receiving the Inclusionary Grant, Developer agrees that this <br /> Regulatory Agreement shall be recorded against the Property prior to disbursement <br /> 1 <br /> 55394 QQJQJ\n1nncmi i <br /> City Council 12 — 55 7/16/2024 <br />