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EXHIBIT "D" <br />PROGRAM DISCLOSURE STATE, MENT <br />I we (Homebuyer) <br />understand and agree that the provision of financial assistance from the Community <br />Redevelopment elopment Agency of the City of Santa Ana "Agency" under Agency's Affordable <br />Housing Implementation Program "Program" is conditional on a number of factors, including, <br />but not limited to: <br />Ise are buying a single family home Within the City of Santa Aria, which is <br />available to me/us at Affordable Housing Cost pursuant to Health & Safety Code <br />Section 500 52.5 <br />Ise must qualify as a Moderate Income Household pursuant to and as defined ill <br />the California Health & Safety Code Sections 50093. <br />Uwe trust qualify for a first mortgage home loan from n institutional lender <br />acceptable to Developer and Agency. <br />l we must pay at least three percent 3% of the home e urc a. e Price from my /our <br />Own funds, except as otherwise permitted by the Lender. <br />I x e must. qualify for assistance under the guidelines of the Program, <br />I We further understand and agree that: <br />I N e will be responsible for repaying the finance assistance provided by Agency. <br />If I e comply with all of the requirements ents of the Program, I N e will owe no <br />interest on Homebuyer Assistance Loan and the principal amount that Ise owe to <br />the Agency pursuant to the Program will be forgiven upon the forty -fifth (45th) <br />anniversary of the date of the Promissory Note executed pursuant to the Program. <br />The Homebuyer Assistance Loan Amount and the Contingent ]Equity <br />Participation Amount t ill be immediately dire and payable upon sale or transfer <br />of the Property or if e refinance our first moilgage home loan without the <br />Agency's written approval o • if I we no longer occupy the Property as my our <br />principal residence or I N e are in default of any obligation under the Doan <br />Agreement which is a part of the Program. I N e understand that the Contingent <br />Equity Participation Amount is interest on the Homebuyer Assistance Loan, <br />which will provide the Agency a share of the. appreciation in the value of the <br />Property if Uwe sell, transfer, or refinance the Property. I we acknowledge that a <br />Contingent t Equity Participation Amount will be payable by me/us upoll the <br />occurrence of each and every event as described in Section 1.2(f) of the Loan <br />Agreement. <br />I s e may prevent the Contingent Equity Participation Amount and the principal <br />amount of the Dote from becoming due and payable by retaining the Property, or <br />EXHIBIT --1 TO ATTACHMENT NO. f f <br />To Affordable Homebuyer Loan Agreement <br />Program Disclosure Statement <br />Do C SO C11 400673N, 3/200272 -0001 <br />