Community Development Agency
www.santa-ana.org/community-development
Item # 3
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
December 17, 2024
TOPIC: Housing Successor Annual Report FY 2023-24
AGENDA TITLE
Housing Successor Annual Report for FY 2023-24 – 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, requires 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 financial audit of the LMIHAF is included in the City’s Annual Comprehensive Financial Report (ACFR) for FY 2023-24, as prepared by the Finance and Management Services Agency and posted on the City’s website at www.santa-ana.org/financial-reports.
Assembly Bill (AB) 1793, signed by the Governor on September 27, 2014, further amended HSC §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 included this additional information and any changes that occurred in the last fiscal year are identified in the FY 2023-24 annual report (Exhibit 1).
Housing Successor Annual Report FY 2023-24
December 17, 2024
4 7
2 3
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
FISCAL IMPACT
There is no fiscal impact associated with this action.
EXHIBIT(S)
1. Housing Successor Annual Report FY 2023-24
Submitted By: Michael L. Garcia, Executive Director of Community Development Approved By: Alvaro Nuñez, City Manager