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2 vx\ <br />pQR <br />0- Co�rc��cf� W1fA- <br />Ir�.„17ti;;.r ,'OIIIRFD <br />W,. 'ROCEF 0 <br />.OUN A <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED RETURN TO: <br />City of Santa Ana <br />Clerk of the Council <br />20 Civic Center Plaza (M-30) <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />Attention: Clerk of the Council <br />Return ORIGINAL <br />executed copy to COTC, <br />M-30 <br />A-2021-054-01 <br />SPACE ABOVE THIS LINE FOR RECORDING USE <br />FREE RECORDING REQUESTED <br />[Government Code Section 6103] <br />AFFORDABILITY RESTRICTIONS <br />ON TRANSFER OF PROPERTY <br />(1108 North Harbor Boulevard, Santa Ana, California) <br />THESE AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY <br />(the "Restrictions") are entered into as of April 20, 2021, by and among and North Harbor <br />Housing Partners LP, (referred to herein as the "Developer") a California limited <br />partnership, and the City of Santa Ana, a charter city and municipal corporation (the <br />"City"), <br />RECITALS: <br />A. Developer is the owner of that certain real property located at 1108 North <br />Harbor Boulevard, (the "Property") located in the City of Santa Ana more particularly <br />described in Exhibit A, which is attached hereto and incorporated herein by this reference. <br />B. The City is the recipient of Community Development Block Grant <br />("CDBG") funds from HUD pursuant to Tile I of the Housing and Community <br />Development Act of 1974, as amended ("Act") and 24 CFR Part 570 ("CDBG <br />Regulations"). <br />C. The City is authorized by the CDBG Regulations to expend funds to increase <br />the supply of low- and moderate -income housing available at affordable housing costs. <br />D. Developer is entering into this agreement to acquire and, subject to <br />entitlement approvals, rehabilitate an adaptive reuse project for the purpose of providing <br />eighty-nine (89) units of housing that will be affordable to Extremely -Low Income <br />households ("Assisted Units"), the Developer and the City have entered into that certain <br />Loan Agreement, dated on or about the date hereof (the "Loan Agreement') to which <br />these Restrictions are attached as Exhibit F, which, along with all of its attachments, is <br />incorporated herein by this reference (any capitalized term that is not otherwise defined in <br />these Restrictions shall have the meaning ascribed to such term in the Loan Agreement). <br />