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ROH — 07/05/17 <br />RESOLUTION NO. 2017 -XXX <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING THE CITY MANAGER TO <br />ENTER INTO AGREEMENTS WITH THE STATE OF <br />CALIFORNIA DEPARTMENT OF HOUSING AND <br />COMMUNITY DEVELOPMENT (HCD) FOR AFFORDABLE <br />HOUSING AND SUSTAINABLE COMMUNITIES (AHSC) <br />PROGRAM GRANT FUNDING <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br />A. The Strategic Growth Council ("SGC") and the State of California <br />Department of Housing and Community Development ("HCD") issued a <br />Notice of Funding Availability dated January 29, 2016 ("NOFA") under the <br />Affordable Housing and Sustainable Communities ("AHSC") Program. <br />B. On June 7, 2016, The City Council of the City of Santa Ana adopted a <br />resolution authorizing submittal of a funding application as a joint applicant <br />with Meta Housing Corporation for AHSC Program funds in an amount not <br />to exceed $12,028,626, of which $7,833,126 was requested as a loan with <br />Meta Housing Corporation for Affordable Housing Development, <br />$1,288,000 was requested for a grant to the City for a Sustainable <br />Transportation Infrastructure Project for the Santa Ana Arts Collective <br />Project, and $22,500 was requested for a grant to Meta Housing <br />Corporation to support the Southern California Association of Governments' <br />Go Human program. <br />C. On November 21, 2016, the City and Meta Housing Corporation were <br />awarded $12,028,626 in AHSC funds, which included $1,288,000 in grant <br />funds to the City. The total award was reduced to $9,139,630 in accordance <br />with regulatory restrictions upon Meta Housing Corporation's acceptance of <br />competitive 9% low income housing tax credits. Additionally, Meta Housing <br />Corporation did not accept $2,885,000 in housing -related grant funds <br />because their programmatic requirements resulted in an increased funding <br />gap rather than in a reduction. <br />Exhibit L! <br />Resolution No. 2017 -XXX <br />55C-229 Page 1 of 3 <br />