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ROH — 07/05/17 <br />RESOLUTION NO. 2017-048 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING THE CITY MANAGER TO <br />ENTER INTO AGREEMENTS WITH THE STATE OF <br />CALIFORNIA DEPARTMENT OF HOUSING AND <br />COMMUNITY DEVELOPMENT (HCD) FOR AFFORDABLE <br />HOUSING AND SUSTAINABLE COMMUNITIES (AHSC) <br />PROGRAM GRANT FUNDING <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br />A. The Strategic Growth Council ("SGC") and the State of California Department <br />of Housing and Community Development ("HCD") issued a Notice of Funding <br />Availability dated January 29, 2016 ("NOFA") under the Affordable Housing and <br />Sustainable Communities ("AHSC") Program. <br />B. On June 7, 2016, The City Council of the City of Santa Ana adopted a <br />resolution authorizing submittal of a funding application as a joint applicant with <br />Meta Housing Corporation for AHSC Program funds in an amount not to exceed <br />$12,028,626, of which $7,833,126 was requested as a loan with Meta Housing <br />Corporation for Affordable Housing Development, $1,288,000 was requested for <br />a grant to the City for a Sustainable Transportation Infrastructure Project for the <br />Santa Ana Arts Collective Project, and $22,500 was requested for a grant to <br />Meta Housing Corporation to support the Southern California Association of <br />Governments' Go Human program. <br />C. On November 21, 2016, the City and Meta Housing Corporation were <br />awarded $12,028,626 in AHSC funds, which included $1,288,000 in grant funds <br />to the City. The total award was reduced to $9,139,630 in accordance with <br />regulatory restrictions upon Meta Housing Corporation's acceptance of <br />competitive 9% low income housing tax credits. Additionally, Meta Housing <br />Corporation did not accept $2,885,000 in housing -related grant funds because <br />their programmatic requirements resulted in an increased funding gap rather than <br />in a reduction. <br />D. Meta Housing Corporation and the City of Santa Ana are Eligible <br />Applicants/Sponsors under the AHSC Program and were awarded an AHSC <br />Program loan in an amount not to exceed $4,944,130 ("AHSC Loan") and an <br />Resolution No. 2017-048 <br />Page 1 of 3 <br />