STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT)

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Meta Housing Corporation, City of Santa Ana, and Santa Ana Arts Collective, L.P. 16-AHSC-11199 EXHIBIT A Page 1 of B AUTHORITY PURPOSE AND SCOPE OF WORK Affordable Housing and Sustainable Communities (AHSC) Program Loan for Rental Affordable Housing Development Authority & Purpose This Standard Agreement, STD 213, (hereinafter "Agreement") is the result of the Sponsor's application ("Application") for funding under the AHSC Program ("Program") pursuant to: A. Part 1 of Division 44 of the Public Resources Code (commencing with Section 75200); B. The Program Guidelines dated December 17, 2015, ("Guidelines"), issued by the State of California, by the Strategic Growth Council ("SGC") and as may be amended from time to time. The AHSC Guidelines and the NOFA are available on the Program website at: hM2:Hsgc,ca.gov/ddf/ADOPTED FINAL 15-16 AHSC Guidelines with OM pdf and C. The Program's Notice of Funding Availability ("NOFA") issued by the Department of Housing and Community Development (hereinafter the "Department" or "State"), dated January 29, 2016, The Application, including all representations made therein, is hereby incorporated in this Agreement by this reference, This Agreement is entered into under the authority of, and in furtherance of the purposes of the AHSC Program. In accordance with the authority cited above, the Application was made to the State for financial assistance from the AHSC Program for the purpose of assisting in the development, operation and maintenance of a residential rental Affordable Housing Development on certain real property (the "Property") as identified in the Application. The financial assistance from the Program shall be in the form of a permanent loan (the "AHSC Loan") to the Sponsor, or to its approved affiliate ("Borrower"), as owner of the residential rental Affordable Housing Development, evidenced by a promissory note, secured by a deed of trust and subject to a regulatory agreement between the Sponsor and the Department. The purpose of the AHSC Loan is to ensure that the rental Affordable Housing Development is constructed, owned, managed, maintained and operated in accordance with the requirements of the AHSC Program, AHSC Guidelines and as identified in the Application, and to ensure that certain residential units therein shall be occupied by eligible households at affordable rents as defined in the AHSC Guidelines for the full term of the AHSC Loan, regardless of sale or transfer of the Property or prepayment of the AHSC Loan. To further effect this purpose, if Sponsor or Borrower is an entity other than the Sponsor identified in the Application, the State may require the Sponsor to enter into a Sponsor Operating Guaranty as a condition of closing the AHSC Loan. In addition to the AHSC Terms and Conditions ("General Conditions") contained in Exhibit D of this Agreement, the Award and the AHSC Loan are subject to applicable provisions of the statute, the AHSC Guidelines, the NOFA and the representations contained in the Application. AHSC Loan • Rental Affordable Housing Development NCFA Date: 01/29/16 Approved Date: 03/09/17 Prep. Date: 07/20/17