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protects the former redevelopment agency's investment of moneys from the Low and <br />Moderate Income Housing Fund pursuant to Section 33334.3(f). <br />This Report is to be provided to the Housing Successor's governing body by December 31, <br />2019. In addition, this Report and the former redevelopment agency's pre -dissolution <br />Implementation Plans are to be made available to the public on the City's website <br />(https://www.santa-ana.org/cd/oversight-board.) <br />I. AMOUNT DEPOSITED INTO LMIHAF <br />A total of $786,125 was deposited into the LMIHAF during the Fiscal Year. Of the total funds <br />deposited into the LMIHAF, a total of $0 was held for items listed on the ROPS. <br />II. ENDING BALANCE OF LMIHAF <br />At the close of the Fiscal Year, the ending balance in the LMIHAF was $1,628,993 of which $0 <br />is held for items listed on the ROPS. <br />III. DESCRIPTION OF EXPENDITURES FROM LMIHAF <br />The following is a description of expenditures from the LMIHAF by category: <br />Monitoring & Administration Expenditures $ 247,165 1 <br />Homeless Prevention and Rapid Rehousing Services Expenditures $ 0 <br />Housing Development Expenditures <br />➢ Expenditures on Moderate Income Units $ 150,827 <br />➢ Expenditures on Low Income Units $2,921,302 <br />➢ Expenditures on Very -Low Income Units $ 471,213 <br />➢ Expenditures on Extremely -Low Income Units $1,411,963 <br />➢ Total Housing Development Expenditures $4,955,305 <br />Total LMIHAF Expenditures in Fiscal Year $5,202,470 2 <br />The independent financial audit of the LMIHAF includes an additional $3,400,295 for bad debt <br />expenses for loans receivable, for a total expenditure of $3,647,460. <br />2 Including the additional item from footnote 1 above, the total LMIHAF per the audit is $3,902,765. <br />However, this total does not reflect $4,700,000 in loans for the development of 51 affordable housing <br />units. <br />HOUSING AUTHORITY OF THE CITY OF SANTA 8/19 Page 3 <br />