NATIONAL COMMUNITY RENAISSANCE OF CALIFORNIA ("NATIONAL CORE")

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INSURANCE NOT RE001RED MA, K E4,V PROCER) CLERK OF COUNCIL a� FEB 0 7 2019 RECORDING REQUESTED BY: AND WHEN RECORDED MAIL TO: 'PscovJ 13 City of Santa Ana Cleric of the Council 20 Civic Center Plaza (M-30) P.O. Box 1988 Santa Ana, California 92702 Attention: Clerk of the Council A-2019-028 Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder NO FEE IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIP,IIIIIIIIIIIIIIIIIIIIIIIII'�IIIIIII 201900009257911:39 am 03/25119 9 417 Al2 50 0.00 0.00 0.00 0.00 147.00 0.00 0.000.000.00 0.00 Free Recording pursuant to Government Code 27383 DENSITY BONUS HOUSING AGREEMENT This DENSITY BONUS HOUSING AGREEMENT ("Agreement"), made and entered into this 5th day of February, 2019 ("Effective Date"), by and between the City of Santa Ana, a charter city and municipal corporation of the State of California ("City"), and National Community Renaissance of California, a California nonprofit public benefit corporation, or its assignee, ("Developer"). City and Developer are sometimes referred to collectively as the "Parties" and individually as a "Party." RECITALS A. Santa Ana United Methodist Church is the owner of certain property located within the City of Santa Ana, County of Orange, State of California, commonly known as 609 North Spurgeon Street, Santa Ana, California, and legally described as set forth in Exhibit A attached hereto and incorporated herein by this reference as if set forth in full ("Property"). B. Developer has entered into an agreement for a long-term ground lease with property owner. C. Developer is proposing to develop a ninety-tbree (93) unit affordable apartment complex on the Property as more particularly set forth in Density Bonus Application No. 2018-01 ("Project"). Without the density bonuses, Developer would only be permitted to build fifty-one 51 units on the Property. D. Santa Ana Municipal Code sections 41-1600, et seg. ("City Density Bonus for Affordable Housing"), and California Government Code sections 65915, et seq. ("State Density Bonus Law"), set forth a process to provide increased residential densities to property owners who guarantee that a portion of their residential development will be available to low income, very low- income, or senior (also known as "qualified") households. These regulations are intended to materially assist the housing industry in providing adequate and affordable housing for all economic segments of the community and to provide a balance of housing opportunities for very low-income, low income and senior households throughout the city. E. Additionally, the City's Housing Opportunity Ordinance provides inclusionary