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LOAN AGREEMENT HOUSING SUCCESSOR AGENCY FUNDS THIS LOAN AGREEMENT ("Agreement") dated, for identification purposes only, as of April 16, 2019, is made and entered into by and between the Housing Authority of the City of Santa Ana (CA093), acting as the Housing Successor Agency, a public body, corporate and politic ("Agency"), and Tiny Tim LP, a California limited partnership ("Developer") with reference to the following: RECITALS: A. The Agency is authorized by the Community Redevelopment Law of the State of California (Health and Safety Code section 33000, et seq.) ("CRL") to expend funds to increase the supply of very low and low income housing available at affordable housing costs. In part to further this goal, the Agency has created the Merged Project Areas, within the City (the "Project Area"), and adopted a Redevelopment Plan for the redevelopment of the Project Area. In accordance with Section 33334.2, et seq., of the CRL, the Agency sets aside a portion of the tax increment revenues it receives from the Merged Project Area in a separate low and moderate housing asset fund, which the Agency uses for the construction, preservation, and rehabilitation of affordable housing for low income households. B. Developer, acting by and through its representative and agent, Community Development Partners, a California corporation ("CDP") requested financial assistance in connection with the proposed development of a fifty-one (51) unit affordable housing complex ("Project") to be located at 2223 West Fifth Street, Santa Ana, California, and legally described within Exhibit A attached hereto and incorporated herein ("Property"). At least fifteen (15) of the units will be affordable to family households earning no more than 30% of the Area Median Income ("AMI"); five (5) of the units affordable to family households earning no more than 50% of the AMI; and thirty (30) of the units affordable to family households earning no more than 60% of the AMI. Office space within the development will be provided for use as a police substation which at a minimum will have room for a desk, phone, and computer that could be set up by the Santa Ana Police Department ("SAPD"), dependent upon their available staffing and resources. The unit mix consists of: Bedroom Size 30% AMI 50% AMI 60% AMI Manager's Unit Total Two Bedroom 6 3 10 1 20 Three Bedroom 8 2 19 29 Four Bedroom 1 1 2 Totals 15 5 30 1 51 On-site amenities will include a community plaza, an art center, urban farm, and mini park with outdoor gym and jogging track. Mercy House Living Centers ("Mercy House") will manage onsite residential services coordination for all households.