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

Home Browse Search

Meta Housing Corporation, City of Santa Ana, and Santa Ana Arts Collective, L.P. 16-AHSC-11199 EXHIBIT A Page 2 of 8 By entering into this Agreement and thereby accepting the award of AHSC Program Loan funds, the Sponsor agrees to comply with the terms and conditions of the Guidelines, the NOFA, this Agreement, the representations contained in the Application, and the requirements of the authorities cited above. 2. definitions Capitalized terms herein shall have the meaning of the definitions set forth in the Guidelines, and in page 2 of this Exhibit A, in addition: A. "Sponsor" refers to the entity or entities that made the Application to the Department for the Award for the Affordable Housing Development and identified as "Contractor" on page 1 to this Agreement (STD 213). "Sponsor" also includes any affiliate or assignee of the Sponsor approved by the Department and undertaking all the obligations of the Sponsor hereunder. In the case of joint applicants, "Sponsor" shall refer to each applicant or the approved assignee of such applicant. Each joint applicant shall be jointly and severally liable for all obligations of a Sponsor as set forth herein. B. "Affordable Housing Development" or "Project' refers to the residential rental Affordable Housing Development described in the Application providing the affordable housing units, as described therein, in consideration of the AHSC Loan. The Affordable Housing Development shall meet all the criteria for an eligible project as set forth Section 103(a)(1) of the AHSC Guidelines. C. `ICAC' refers to the California Tax Credit Allocation Committee D. Any reference to a specific "Section" or "section" of the Guidelines shall initially refer to that specific numbered section of the Guidelines adopted on and dated December 17, 2015. Notwithstanding, if and when the SGC amends any portion of the Guidelines, all references herein to any such portion of the Guidelines shall be deemed to refer to the updated version of the Guidelines, either in whole or in part, as may be applicable. To the extent that any Guidelines section or sections (Section or Sections) provision is or are amended, and thereafter receive(s) a new Guidelines section number(s), any reference herein to the old Guidelines sections) number(s) shall be interpreted to refer instead to the Guidelines section(s) that is (or are) intended to replace the content and substance of the former Guidelines section(s). 3. Scope of Work The Scope of Work ("Work") for this Agreement shall consist of the development and construction by or on behalf of Sponsor of the Affordable Housing Development designated in the Application which is to be developed and constructed by the Sponsor, or other developer, as provided in the Application and which is incorporated herein by reference, and meeting the following criteria: AHSC Loan - Rental Affordable Housing Development NOFA Date: 01/29/16 Approved Date: 03/09/17 Prep. Date: 07/20/17