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WHEREFORE, for and in consideration of the respective <br />and mutual covenants and promises of said agreement as amended, and <br />subject to all of the terms of said agreement, as previously and <br />hereby amended, the parties hereto do hereby agree as follows: <br />1. Paragraph A of Part I of said agreement is hereby <br />amended to read as follows: <br />"A. SUBRECIPIENT agrees to conduct a program in <br />accordance with 24 CFR Part 570 for rehabilitation loans <br />with the purpose of awarding rehabilitation loans to <br />property owners within the Santa Ana Neighborhood Housing <br />Services target area as designated in the map attached <br />hereto as "Exhibit A," and incorporated herein by <br />reference, and outside said target area to owners of <br />residential property who are low or moderate income <br />persons or in the Case of residential rental property, at <br />least 51% of the tenants are low and moderate income <br />persons." <br />2. Part I of said agreement is hereby amended by adding <br />paragraph J to read as follows: <br />"J. As used herein the words "CONTRACTOR" and <br />""SUBRECIPIENT"" are interchangeable, both referring to the <br />contracting party with the CITY, Santa Ana Neighborhood <br />Housing Services, a subrecipient of CDBG funds." <br />3. Part I of said agreement is hereby amended by adding <br />paragraph K to read as follows: <br />Page 3 of 8 Pages <br />