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STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT)
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STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT)
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Last modified
8/15/2017 10:54:35 AM
Creation date
8/15/2017 9:58:34 AM
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Contracts
Company Name
STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD"
Contract #
A-2017-177
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
7/5/2017
Expiration Date
7/5/2020
Destruction Year
0
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Meta Housing Corporation, City of Santa Ana, and Santa Ana Arts Collective, L.P. <br />16-AHSC-11199 <br />EXHIBIT A Page 3 of 8 <br />x n <br />i <br />All , <br />Locationo =' Insert a table for each development, and identify the <br />Affordable,llousmg r development <br />(e.g. Affordable Rental Development, <br />�@we�lop�met 166Market Rate Condos) <br />MA <br />NortMam�Street; <br />99and <br />A ,on 515G3 Santa Ana Arts Collective <br />1005 X1,53 20n,; <br />Entertbe<riumber of:unrts'tiy bedroom=soze andlnCortye' evel <br /># of Bedrooms # of Units AHSC Restricted* <br />Income Limit <br />TOTAL <br />(%o of AMI) ', <br />RESTRICTED <br />1 Bdrm g 0 <br />30% <br />UNITS** <br />g <br />1 Bdrm 5 <br />0 <br />30% <br />5 <br />1 Bdrm 6 <br />0 <br />35% <br />g <br />1 Bdrm 6 <br />3 <br />40°!° <br />g <br />2 Bdrm 2 <br />-2-Bdrm <br />0 <br />30% <br />2 <br />12 <br />12 <br />60% <br />12 <br />3 Bdrm 4 <br />0 <br />30°1° <br />4 <br />3 Bdrm 13 <br />13 <br />60% <br />13 <br />2 Bdrm 1 <br />0 <br />Manager's Unit <br />0 <br />Total Project 58 <br />28 <br />i <br />57 <br />Units <br />57 <br />t x <br />'AHSC Restricted Units must equal at least 20 percent of the total residential units. <br />**Total Restricted units include all units restricted by AHSC and TCAC. The AHSC loan <br />amount was calculated based on the number of Total Restricted Units, <br />Additionally, upon completion, the Affordable Housing Development must meet or exceed the <br />applicable minimum Net Density as set forth in Section 103(a)(1)(A)(iv) of the Guidelines. <br />Further, the Sponsor shall take such actions, pay such expenses and do all things necessary to <br />complete the Affordable Housing Development as identified in the Award Letter and described in <br />the Application in accordance with the schedule for completion set forth therein and within the <br />terms and conditions of this Agreement. All written materials or alterations submitted as addenda <br />to the original Application and which are approved in writing by a Division of Financial Assistance <br />AHSC Loan - Rental Affordable Housing Development <br />NOFA Date: 01/29/16 <br />Approved Date: 03/09/17 <br />Prep. Date: 07/20/17 <br />
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