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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2021/22 Page 4 <br />IV. STATUTORY VALUE OF ASSETS OWNED BY HOUSING SUCCESSOR IN LMIHAF <br />Under the Dissolution Law and for purposes of this Report, the “statutory value of real property” <br />means the value of properties formerly held by the former redevelopment agency as listed on <br />the housing asset transfer schedule approved by the Department of Finance as listed in such <br />schedule under Section 34176(a)(2), the value of the properties transferred to the Housing <br />Successor pursuant to Section 34181(f), and the purchase price of property(ies) purchased by <br />the Housing Successor. Further, the value of loans and grants receivable is included in these <br />reported assets held in the LMIHAF. <br />The following provides the statutory value of assets owned by the Housing Successor. <br /> <br /> <br /> As of End of <br />Fiscal Year <br />Statutory Value of Real Property Owned by Housing Authority $ 75,000 <br />Value of Loans and Grants Receivable $ 22,284,000 <br />Total Value of Housing Successor Assets $ 22,359,000 <br /> <br /> <br />V. DESCRIPTION OF TRANSFERS <br />The Housing Successor did not make any LMIHAF transfers to other Housing Successor(s) <br />under Section 34176.1(c)(2) during the Fiscal Year. <br /> <br />VI. PROJECT DESCRIPTIONS <br />The following is a description of project(s) for which the Housing Successor receives or holds <br />property tax revenue pursuant to the ROPS as well as the status of the project(s): <br /> <br />Project Name Status of Project <br />N/A All former projects on the ROPS have been <br />completed. <br /> <br />VII. STATUS OF COMPLIANCE WITH SECTION 33334.16 <br />Section 34176.1 provides that Section 33334.16 does not apply to interests in real property <br />acquired by the Housing Successor on or after February 1, 2012; however, this Report presents <br />a status update on the project related to such real property. <br />With respect to interests in real property acquired by the former redevelopment agency prior to <br />February 1, 2012, the time periods described in Section 33334.16 shall be deemed to have <br />EXHIBIT 1 <br /> <br />City Council 6 – 6 1/17/2023 <br />