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<br />Subordination Agreement (Affordable) Page S-4 <br />(First Street Apartments) <br />IN WITNESS WHEREOF, Borrower, Senior Lender and Subordinate Lender have <br />signed and delivered this Agreement under seal (where applicable) or have caused this <br />Agreement to be signed and delivered under seal (where applicable) by a duly authorized <br />representative. Where applicable law so provides, Borrower, Senior Lender and Subordinate <br />Lender intend that this Agreement shall be deemed to be signed and delivered as a sealed <br />instrument. <br />BORROWER: <br />AMCAL 1440 SANTA ANA FUND, LP, <br />a California limited partnership <br />By: AMCAL Multi-Housing, Inc., <br /> a California corporation, <br /> its Administrative General Partner <br /> <br /> <br /> By: <br /> Name: <br /> Title: <br /> <br />By: Las Palmas Foundation, <br /> a California nonprofit public benefit <br /> corporation, <br /> its Managing General Partner <br /> <br /> <br /> By: <br /> Name: <br /> Title: <br /> <br />Address for notices: <br /> <br />AMCAL 1440 Santa Ana Fund, L.P. <br />c/o AMCAL Multi-Housing, Inc. <br />30141 Agoura Road, Suite #100 <br />Agoura Hills, CA 91301 <br />Attention: General Counsel <br /> <br />EXHIBIT 4 <br />3-157