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Community Development Agency <br /> www.santa-ana.org/community-development/ <br /> Item # 3 <br /> City of Santa Ana <br /> 20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br /> July 16, 2024 <br /> TOPIC: Garden Court Apartments Rehabilitation Project <br /> AGENDA TITLE <br /> Amended and Restated Regulatory Agreement for the Rehabilitation of Garden Court <br /> Apartments Located at 300 East Santa Ana Boulevard, Santa Ana, CA 92701 <br /> RECOMMENDED ACTION <br /> 1. Authorize the Executive Director to consent to the termination of the Original <br /> Agreement in order for the Acting City Manager to execute the Amended and Restated <br /> Agreement Containing Affordable Housing Covenants with Orange Housing <br /> Development Corporation for the rehabilitation of Garden Court Apartments located at <br /> 300 East Santa Ana Boulevard, Santa Ana, CA 92701 (APN 398-323-08). (Contingent <br /> upon approval of City Council Item # 27) (Agreement No. A-2024-XXX). <br /> 2. Approve the Relocation Plan and authorize the Acting City Manager to approve <br /> amendments to the Relocation Plan prior to commencement of the rehabilitation of <br /> Garden Court Apartments, substantially in the draft form attached hereto, subject to <br /> changes consistent with the project approved by the City Manager and City Attorney. <br /> GOVERNMENT CODE U4308 APPLIES: Yes <br /> DISCUSSION <br /> Garden Court Apartments is an existing 84-unit mixed-income apartment project located <br /> at 300 East Santa Ana Boulevard, Santa Ana, CA 92701 (APN 398-323-08) and owned <br /> by Orange Housing Development Corporation ("OHDC"). On May 26, 1995, the City of <br /> Santa Ana ("City"), the Community Redevelopment Agency, and OHDC entered into an <br /> agreement containing covenants that required 41 out of the 84 units on the property to <br /> be affordable to families earning 40% of the Area Median Income ("AMI") in perpetuity <br /> ("Original Agreement"). The remaining 43 units consist of 42 unrestricted market rate <br /> apartments and one manager's unit. The Original Agreement was entered into as part <br /> of a loan the City made for the project under the HOME Investments Partnership <br /> Program (24 C.F.R. 92.252) (the "HOME Program"). <br /> The Agency was part of the Original Agreement because the property was originally <br /> developed pursuant to a Redevelopment Plan for the City of Santa Ana <br /> City Council 3 - 1 7/16/2024 <br />