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<br />. <br /> <br />(i) in the case of the Redeveloper, is addressed to <br />or delivered personally to the Redeveloper at <br />12735 Ventura Boulevard, suite 28, Studio City, <br />California 91604; and <br /> <br />(ii) in the case of the Agency or the Authority, is <br />addressed to or delivered personally to the <br />Agency or the Authority, whichever the case <br />may be, at 20 Civic Center Plaza, Santa Ana, <br />California 92701; <br /> <br />or at such other address with respect to either such party as <br />that party may, from time-to-time designate in writing and for- <br />ward to the other as provided in this Section. <br /> <br />SEC. 8. SPECIAL PROVISIONS <br /> <br />. <br /> <br />(a) Financing. Redeveloper shall seek a conventional or <br />private lender who will provide a mortgage loan on the Property. <br /> <br />(b) Section 23 (Revised) Housin Assistance Pro ram. The <br />Authority as se ecte Re eve oper s proposa to prov~ e 200 <br />one bedroom housing units for eligible low-income families at <br />rents of $300 subject to housing assistance payments under Re- <br />vised Section 23 of the Housing Act of 1937. The selection was <br />approved by HUD. HUD has subsequently approved an increased <br />rent of $315 under Revised Section 23. <br /> <br />(c) Execution of Contracts - Housing Assistance parments. <br />At the time submitted by HUD, Authority agrees to enter ~nto <br />an Annual Contributions Contract ("ACC") with HUD, which shall <br />provide for annual contributions to the Authority for housing <br />assista~ce payments with respect to the housing development. <br />The form and content of said Contract shall be as required by <br />~. . <br /> <br />. <br /> <br />After execution of the ACC by HUD, Authority and Redeveloper <br />agree to enter into an Agreement to enter into Housing Assistance <br />Payments Contract which will provide that upon satisfactory com- <br />pletion of the housing, the Authority and the Redeveloper will <br />enter into a Housing Assistance Payments Contract for the pur~ <br />pose of making housing assistance payments to eligible lower <br />income families occupying the housing units. Said agreement <br />shall be subject to approval by HUD. <br /> <br />Upon completion of the housing development and acceptance <br />by the Government, Authority and Redeveloper shall then enter <br />into the Housing Assistance Payments Contract which shall be <br />approved by HUD. <br /> <br />- 12 - <br /> <br />, <br />