FINANCIAL_SERVICESRECOMMENDED

City of Santa Ana Agenda Packet 2026-06-16

Housing Authority Subordinates FX Residences Loan for HCD Financing

Subordination of $1,656,947 Housing Authority loan to a $3,006,567 HCD senior permanent loanHousing Authority of the city of Santa AnaSHELTER PROVIDERS OF SOUTHERN CALIFORNIA INC DBA HOMEAID ORANGE COUNTY | LOS ANGELESJune 16, 2026

Trusted by teams at

Description

The Santa Ana Housing Authority plans to execute a Subordination Agreement and Lease Rider with Shelter Providers of Southern California, Inc. DBA HomeAid Orange County | Los Angeles and the State of California HCD, subordinating a $1.66 million local loan to a $3 million state permanent loan for the FX Residences project. The action will facilitate long-term financing for supportive housing.

Contract Details

Contract Amount

Subordination of $1,656,947 Housing Authority loan to a $3,006,567 HCD senior permanent loan

Vendor

SHELTER PROVIDERS OF SOUTHERN CALIFORNIA INC DBA HOMEAID ORANGE COUNTY | LOS ANGELES

Agency

Housing Authority of the city of Santa Ana, CA

Contract Type

FINANCIAL_SERVICES

Document Date

June 16, 2026

Renewal Info

Subordination affects lien priority of the existing Housing Authority loan relative to the new HCD senior permanent loan; no recurring renewal date is specified.

More from SHELTER PROVIDERS OF SOUTHERN CALIFORNIA INC DBA HOMEAID ORANGE COUNTY | LOS ANGELES