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REQUEST FOR COUNCIL/ <br />HOUSING AUTHORITY A" <br />ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 15, 2020 <br />TITLE: <br />RECEIVE AND FILE HOUSING <br />SUCCESSOR ANNUAL REPORT FOR FY <br />2019-20 — LOW AND MODERATE <br />INCOME HOUSING ASSET FUND <br />/s/ Kristine Ridge <br />CITY MANAGER <br />/s/ Steven Mendoza <br />EXECUTIVE <br />DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />Receive and file. <br />HOUSING AUTHORITY ACTION <br />Receive and file. <br />CLERK OF COUNCIL USE ONLY: <br />Iq,N:101TAC <br />❑ <br />As Recommended <br />❑ <br />As Amended <br />❑ <br />Ordinance on 1� Reading <br />❑ <br />Ordinance on 2nd Reading <br />❑ <br />Implementing Resolution <br />❑ <br />Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />DISCUSSION <br />Pursuant to the Dissolution Act, the City Council on January 9, 2012, designated the Housing <br />Authority as the Successor Housing Agency to the dissolved Community Redevelopment Agency <br />of the City of Santa Ana (RDA). Effective February 1, 2012, the Housing Authority retained the <br />housing assets, duties, functions, and obligations of the former RDA and continued to complete <br />the housing development projects encumbered prior to the dissolution of the RDA. <br />Senate Bill (SB) 341, signed by the Governor on October 1, 2013, amended the Health & Safety <br />Code (HSC) Section 34176 and addresses functions to be performed by the housing successor <br />agencies. This bill, effective January 2014, required all housing successor agencies to provide <br />an annual report to its governing body within six months after the end of the fiscal year, starting <br />with FY 2013-14. Among the requirements is an independent financial audit of the Low and <br />Moderate Income Housing Asset Fund (LMIHAF), and information regarding specific housing <br />financial data and activities. The independent financial audit of the LMIHAF is included in the <br />City's Comprehensive Annual Financial Report (CAFR) for FY 2019-20, as prepared by the <br />Finance and Management Services Agency and posted on the City's website at <br />https://www.santa-ana.org/finance/comprehensive-annual-financial-reports-cafr-and-other- <br />financial-reports. <br />Assembly Bill (AB) 1793, signed by the Governor on September 27, 2014, further amended HSC <br />§ 34176.1 to require housing successor agencies to include additional information on <br />homeownership units assisted by the former RDA or housing successor that are subject to <br />covenants or restrictions. The FY 2017-18 annual report included this additional information and <br />80A-1 <br />