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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2021/22 Page 7 <br />This information below is for the period of July 1, 2017 – June 30, 2022: <br />AMI FY 2017/181 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 Totals <br />80% - 120% $0 $150,827 $0 $0 $0 $150,827 <br />50% - 80% $1,624,510 $2,921,302 $16,632 $0 $0 $4,562,444 <br />30% - 50% $2,606,004 $471,213 $26,867 $0 $0 $3,104,084 <br />0% - 30% $4,219,469 $1,411,963 $43,499 $0 $0 $5,674,931 <br />Totals $8,449,983 $4,955,305 $86,998 $0 $0 $13,492,286 <br /> <br />% of Funds <br />Expended on 30% <br />or Less of AMI <br />49.93% 28.49% 50.00% 0.00% 0.00% 42.06% <br /> <br /> <br />1 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 />Note: In the upcoming fiscal year, 101 units for families who earn between 0% - 30% AMI will be built on the Housing Successor <br />Agency-owned land at 1126 & 1146 Washington and 801, 809 & 809 ½ E. Santa Ana Blvd. These two parcels have been leased for <br />the development of this affordable housing on-site. <br /> <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, 2012 to December 31, 2021: <br /> <br />Senior Housing Test 1/1/2012 – 12/31/2021 <br /># of Assisted Senior Rental Units 0 <br /># of Total Assisted Rental Units 541 <br />Senior Housing Percentage 0% <br /> <br />XI. EXCESS SURPLUS TEST <br />Excess Surplus is defined in Section 34176.1(d) as an unencumbered amount in the account <br />that exceeds the greater of one million dollars ($1,000,000) or the aggregate amount deposited <br />into the account during the Housing Successor’s preceding four Fiscal Years, whichever is <br />greater. <br />EXHIBIT 1 <br /> <br />City Council 6 – 9 1/17/2023 <br />