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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 />se tcecoramg pursuant to <br />Government Code 27383 <br />AFFORDABLE HOUSING REGULATORY AGREEMENT WITH DECLARATION OF <br />COVENANTS AND RESTRICTIONS <br />(918 North Bewley Street [APN 198-231-1.01) <br />This AFFORDABLE HOUSING REGULATORY AGREEMENT WITH DECLARATION <br />OF COVENANTS AND RESTRICTIONS ("Regulatory Agreement"), made and entered into this 151' <br />day of October, 2024 ("Effective Date"), by and between the City of Santa Ana, a charter city and <br />municipal corporation of the State of California ("City"), and Illumination Foundation, a <br />California nonprofit corporation ("Owner"). City and Owner are sometimes referred to collectively <br />as the "Parties" and individually as a "Party." <br />RECITALS <br />A. Owner is the owner of that certain property located within the City of Santa Ana, <br />County of Orange, State of California, commonly known as 918 N. Bewley Street, <br />Santa Ana, California 92703, with Assessor Parcel Number 198-231-10, with the <br />legal description set forth in Exhibit A attached hereto and incorporated herein by <br />this reference ("Property"). <br />B. City and Owner have entered into a Conditional Grant Agreement, pursuant to <br />which, City agreed to provide a Homeless Housing, Assistance, and Prevention <br />grant (the "HHAP Grant") in an amount up to Two Million Twenty One Thousand <br />Three Hundred Nineteen Dollars ($2,021,319) to Owner for renovating the existing <br />residential buildings for the purpose of using the Property as an affordable housing <br />project with ten (10) affordable units for homeless seniors and homeless youth, and <br />one unrestricted manager's unit (the "Project"). The affordable units in the Project <br />shall include: one (1) one -bedroom unit, seven (7) two -bedroom units, and two (2) <br />three -bedroom units. The Project also includes twenty-nine (29) parking spaces, <br />with twenty (20) spaces for residents and nine (9) spaces for the intended preschool, <br />with one (1) accessible space and one (1) loading parking stall. <br />C. As a condition of receiving the HHAP Grant, Owner agrees that this Regulatory <br />Agreement shall be recorded against the Property prior to disbursement of any <br />portion of the HHAP Grant and that the Property and the Project shall be subject to <br />