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MAYOR <br />Miguel A. Pulldo <br />MAYOR PRO TEM <br />Michele Martinez <br />COUNCILMEMBERS <br />P. David Banavides <br />Vicente Sarmiento <br />Jose solorio <br />Sal Tlnalero <br />Juan Vlllegas <br />June 20, 2017 <br />Exhibit 10 <br />CITY QF SANTA ANA <br />29 Civic Center Plaza • P.O. Box 1986 <br />Santa Ana, Callfamla 92702 <br />714.047.8960 <br />ymmonla•ana.orn <br />Kyle Paine <br />Community Development Partners <br />3416 Via Oporto, Suite 301 <br />Newport Beach, CA 92663 <br />Re: Project Based Vouchers Award <br />Aqua Housing -- 317 East 17th Street, Santa Ana, CA 92706 <br />Dear Mr. Paine, <br />EXHIBIT 1 <br />INTERIM CITY MANAGER <br />Cynthia Kurtz <br />CIN ATTORNEY <br />Sonia R. Carvalho <br />CLERK OF THE COUNCIL <br />Made D. Hulzar <br />On April 4, 2017, the Housing Authority of the City of Santa ("SAHA") approved your <br />proposal for twenty-five (25) project -based vouchers ("PBVs") for permanent supportive <br />housing to be used at the Aqua Housing project located at 317 East 17th Street, Santa <br />Ana, CA 92706 ("Project'). On June 20, 2017, SAHA approved an amendment to your <br />original Project award for an additional thirty-one (31) PBVs for permanent supportive <br />housing, for a total of fifty-six (56) PBVs for the Project. The Project consists of a fifty- <br />seven (57) unit affordable multi -family apartment complex and will be made available at <br />affordable rents with wrap-around supportive services to chronically homeless <br />individuals. This approval is contingent upon completion of a subsidy layering analysis of <br />the Project by the U.S. Department of Housing and Urban Development ("HUD"). Should <br />the Project be awarded low-income housing tax credits, the analysis will be conducted by <br />the California Tax Credit Allocation Committee. <br />The basic terms of the award are as follows; <br />• Funding Source: The fifty-six (56) PBVs will be funded exclusively out of the tenant - <br />based voucher program annual budget authority received by SAHA from HUD. <br />SANTA ANA CITY COUNCIL <br />Mlaoel A PWida Mlrkda Wrenn Joao Soloda RDavid Deneddm Joan V11"Wo Sol lh4"ro <br />Mayor Mayor Pm Tom, Ward2 Wad WOW e Word Wald6 Wards <br />moupdaQ3,nlaana om mAnartlneaAaanl"aw.om ysennlant"nflsanlaann.om -,. ramade,dsaw.an=nm aWae,lOsanlaana ora Mlleuaamlaenlaana.om allngiamftam"arm oro <br />FOOMMOOF <br />