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Item 12 - Agreements for Habitat for Humanity of Orange County Affordable Ownership Units
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Item 12 - Agreements for Habitat for Humanity of Orange County Affordable Ownership Units
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7/10/2024 5:18:56 PM
Creation date
7/10/2024 10:34:24 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
12
Date
7/16/2024
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EXHIBIT 2 <br />EXHIBIT D <br />4. The restrictions contained in the Affordable Housing Resale <br />Restriction commence upon the date on which Homebuyer acquires fee title to the <br />Property and terminate on the forty-fifth (45th) anniversary thereof. <br />5. The commonly known address for the Property is <br />Street, Santa Ana, California 92701. <br />6. The assessor's parcel number for the Property is APN <br />7. The legal description of the Property is attached hereto as Exhibit A, <br />and is incorporated herein by reference. <br />8. The Affordable Housing Resale Restriction, which includes the <br />affordability restrictions referenced above, is expected to be submitted for <br />recordation in the Office of the Orange County Recorder contemporaneously with <br />this Notice of Affordability Restrictions. <br />9. The Homebuyer Loan Agreement and the Affordable Housing Resale <br />Restriction both remain in full force and effect and are not amended or altered in <br />any manner whatsoever by this Notice of Affordability Restrictions. <br />10. Capitalized terms shall have the meaning established under the <br />Homebuyer Loan Agreement (including all Attachments thereto) excepting only to <br />the extent as otherwise expressly provided under this Notice of Affordability <br />Restrictions. <br />11. Persons having questions regarding this Notice of Affordability <br />Restrictions, the Homebuyer Loan Agreement or the Attachments thereto <br />(including the Affordable Housing Resale Restriction) should contact City at its <br />offices (20 Civic Center Plaza, Santa Ana, California 92701, or such other address <br />as may be designated by City from time to time). <br />HOMEBUYER: <br />ME <br />in <br />4 <br />EXHIBIT E <br />
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