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Inclusionary/Production Housing. According to the FY 2010 — FY 2015 Implementation Plan
<br />for the former redevelopment agency, no Section 33413(b) inclusionary/production housing
<br />obligations were transferred to the Housing Successor. The former redevelopment agency's
<br />Implementation Plans are posted on the City's website at hftps://www.santa-
<br />ana.org/cd/oversight-board.
<br />IX. EXTREMELY -LOW INCOME TEST
<br />Section 34176.1(a)(3)(B) requires that the Housing Successor must require at least 30% of the
<br />LMIHAF to be expended for development of rental housing affordable to and occupied by
<br />households earning 30% or less of the AMI. If the Housing Successor fails to comply with the
<br />Extremely -Low Income requirement in any five-year report, then the Housing Successor must
<br />ensure that at least 50% of the funds remaining in the LMIHAF be expended in each fiscal year
<br />following the latest fiscal year following the report on households earning 30% or less of the AMI
<br />until the Housing Successor demonstrates compliance with the Extremely -Low Income
<br />requirement. This information below is for the period of January 1, 2014 — June 30, 2019:
<br />AMI
<br />01/01/14 —
<br />06/30/14
<br />FY 2014-15
<br />FY 2015/16
<br />FY 2016/17
<br />FY 2017/18'
<br />FY 2018/19
<br />Totals
<br />80%- 120%
<br />$624,636
<br />$642,409
<br />$445,032
<br />$34,847
<br />$0
<br />$150,827
<br />$1,897,751
<br />50%-80%
<br />$58,832
<br />$40,956
<br />$300,376
<br />$98,746
<br />$1,624,510
<br />$2,921,302
<br />$5,044,722
<br />30%-50%
<br />$19,365
<br />$0
<br />$0
<br />$0
<br />$2,606,004
<br />$471,213
<br />$3,096,582
<br />0%-30%
<br />$8,853
<br />$0
<br />$0
<br />$0
<br />$4,219,469
<br />$1,411,963
<br />$5,640,285
<br />Totals
<br />$711,686
<br />$683,365
<br />$745,408
<br />$133,593
<br />$8,449,983
<br />$4,955,305
<br />$15,679,340
<br />% of Funds
<br />Expended
<br />on 30% or
<br />Less of AMI
<br />1.24%
<br />0%
<br />0%
<br />0%
<br />49.93%
<br />28.49%
<br />35.97%
<br />' Expenditures reflected corrected totals as compared to original FY 2017-18 report. $8,437,513 in loans for the development of 69
<br />affordable housing units were not included.
<br />X. SENIOR HOUSING TEST
<br />The Housing Successor is to calculate the percentage of units of deed -restricted rental housing
<br />restricted to seniors and assisted by the Housing Successor, the former redevelopment agency
<br />and/or the City within the previous 10 years in relation to the aggregate number of units of
<br />deed -restricted rental housing assisted by the Housing Successor, the former redevelopment
<br />agency and/or City within the same time period. If this percentage exceeds 50%, then the
<br />Housing Successor cannot expend future funds in the LMIHAF to assist additional senior
<br />housing units until the Housing Successor or City assists and construction has commenced on a
<br />number of restricted rental units that is equal to 50% of the total amount of deed -restricted rental
<br />units.
<br />The following provides the Housing Successor's Senior Housing Test for the 10 year period of
<br />January 1, 2009 to December 31, 2018:
<br />HOUSING AUTHORITY OF THE CITY OF SANTA 8/19 Page 6
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