STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT) (2)

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Meta Housing Corporation and City of Santa Ana 16-AHSC-11200 Page 1 of 13 EXHIBIT D AHSC TERMS AND CONDITIONS Affordable Housing and Sustainable Communities Program - Grant GENERAL Effective Data Commencement of Work and CoMpletion Dates A. This Agreement is effective upon approval by the State which is the date stamped by the Department in the lower right hand corner of the coversheet of this Agreement. The Recipient agrees that neither the construction of the Housing Development nor the Work has commenced as of the deadline for submittal of applications set forth in the Notice of Funding Availability, The recipient agrees that the Work shall be completed as specified in this Agreement, subject to the termination date specked on page 1, number 2, of this Agreement (STC) 213), and in Exhibit B, unless a written request for an extension is submitted and written approval by the Department is provided within 90 days prior to the termination date of the Agreement. Any extension to the termination date shall require an amendment to this Agreement. B, Pursuant to §111(a) and (b) of the Guidelines, construction of the Affordable Housing Development and the housing designated in the Application must commence within two years of the Program award date and be completed (including completion of all phases identified in the Application and accounting for the total number of units on which the AHSC Grant award is based) within five years of the Program award date. 2. Termination Notwithstanding any other provision of this Agreement, the Department may terminate this Agreement at any time for cause by giving at least 14 days' notice in writing to the recipient. Cause shall consist of violations by Recipient of any terms and/or special conditions of this Agreement, to include but not limited to Paragraph 43 of this Exhibit, or withdrawal of the Department's expenditure authority. Upon termination of this Agreement, unless otherwise approved in writing by the Department, any unexpended funds received by the Recipient shall be returned to the Department within 14 clays of the Notice of Termination, 3, Affordable Housing and Sustainable Communities Grant Documents In addition to this Agreement the Recipient shall execute and enter into a Disbursement Agreement which shall govern the terms, disbursement and use of the Program funds, the Covenant described below, and other additional agreements and documents, as the Department may deem reasonable and necessary to meet the requirements of the Program and the terms and conditions of this Agreement. The Department may request, and if requested, the Recipient shall agree to and record a performance deed of trust ensuring the completion of the Work, Said performance deed of trust shall be recorded against the entire legal parcel underlying the object which it ensures is teeing constructed. AHSC Round ll - Grant NOFA Date: 01129/16 Approved bate: OS/16/17 Prep, Date: 07/20/17