Community Development Agency
santa-ana.org/community-development
Item # 3
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
January 16, 2024
TOPIC: Housing Successor Annual Report: FY 2022-23
AGENDA TITLE
Housing Successor Annual Report for FY 2022-23 – Low and Moderate Income Housing Asset Fund
RECOMMENDED ACTION
Receive and file.
GOVERNMENT CODE §84308 APPLIES: No
DISCUSSION
Pursuant to the Dissolution Act, on January 9, 2012 the City Council designated the Housing Authority as the Successor Housing Agency to the dissolved Community Redevelopment Agency of the City of Santa Ana (RDA). Effective February 1, 2012, the Housing Authority retained the housing assets, duties, functions, and obligations of the former RDA and continued to complete the housing development projects encumbered prior to the dissolution of the RDA.
Senate Bill (SB) 341, signed by the Governor on October 1, 2013, amended the Health and Safety Code (HSC) Section 34176 and addresses functions to be performed by the housing successor agencies. This bill, effective January 2014, required all housing successor agencies to provide an annual report to its governing body within six months after the end of the fiscal year, starting with FY 2013-14. Among the requirements is an independent financial audit of the Low and Moderate Income Housing Asset Fund (LMIHAF), and information regarding specific housing financial data and activities. The independent financial audit of the LMIHAF was not completed in time to place on the December 19, 2023 City Council meeting, therefore, this report was delayed. The financial audit is included in the City’s Annual Comprehensive Financial Report (ACFR) for FY 2022-23, as prepared by the Finance and Management Services Agency and posted on the City’s website at https://www.santa-ana.org/financial-reports/.
Assembly Bill (AB) 1793, signed by the Governor on September 27, 2014, further amended HSC Section 34176.1 to require housing successor agencies to include additional information on homeownership units assisted by the former RDA or housing successor that are subject to covenants or restrictions. The FY 2017-18 annual report
Housing Successor Annual Report: FY 2022-23
January 16, 2024
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included this additional information and any changes that occurred in the last fiscal year are identified in the FY 2022-23 annual report (Exhibit 1).
FISCAL IMPACT
There is no fiscal impact associated with this action.
EXHIBIT(S)
1. Housing Successor Annual Report FY 2022-23
Submitted By: Michael L. Garcia, Executive Director of Community Development Approved By: Tom Hatch, Interim City Manager