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Quarterly Report for Housing Division Projects and Activities <br /> May 3, 2022 <br /> Page 4 <br /> Available Funds and Land Assets for Affordable Housing Development Projects <br /> The City of Santa Ana and the Housing Authority acting as the Housing Successor <br /> Agency manages multiple sources of local, state and federal funds to promote and <br /> facilitate the development of affordable housing as well as land assets held by the <br /> Housing Authority. Exhibit 1 provides a summary of the funds available as of March 31 , <br /> 2022. Exhibit 2 provides a summary of available land assets. <br /> Housing Opportunity Ordinance <br /> On-Site Development.- <br /> Since 2011, a total of 33 units have been developed on-site as a result of the Ordinance, <br /> including 23 ownership units for-sale and 10 rental units: <br /> Units Built On-Site <br /> Ownership Rental Total <br /> 23 10 33 <br /> In-Lieu Fees Generated.- <br /> All in-lieu fees, penalties and other monies collected pursuant to the Housing Opportunity <br /> Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since <br /> inception, the Inclusionary Housing Fund has generated $28,442,887 to be used for the <br /> development of housing affordable to low- and moderate-income households, with a <br /> reasonable amount spent on administrative or related expenses associated with the <br /> administration of the Housing Opportunity Ordinance. In-lieu fees generated have been <br /> used to develop new affordable housing opportunities, provide emergency shelter, and <br /> create homeownership opportunities. Below is a summary of how in-lieu fees have been <br /> used by the City: <br /> Project Inclusionary Housing # of Units Address <br /> Funds SPENT <br /> Santa Ana Arts $4,775,000 57 1666 N Main Street <br /> Collective <br /> Tiny Tim Plaza $1,300,000 50 2239 W 5th Street <br /> The Link Interim $4,140,295 N/A 2320 S Red Hill <br /> Emergency Shelter Avenue <br /> TOTAL $10,215,295 107 <br /> Project Inclusionary Housing # of Units Address <br /> Funds COMMITTED <br /> Habitat for Humanity $565,271 2 826 N Lacy Street and <br /> "Lacy&Vance" 830 N Lacy Street <br /> Westview House $1,514,113 84 2530 and 2534 <br /> Westminster Avenue <br /> City Council 16 — 4 5/3/2022 <br />