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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2021/22 Page 9 <br />XII.INVENTORY OF HOMEOWNERSHIP UNITS <br />(A)As of June 30, 2022, there was a total of 56 homeownership units and 912 rental <br />units subject to covenants or restrictions. Of this total, all 968 units had <br />affordability restrictions. <br />(B)During FY 2021-22, two (2) single family units were lost to the portfolio as the <br />borrowers paid off the loan earlier than the original maturity date. Four rental <br />units were lost during this fiscal year due to the sale of four rental units. <br />(C)There were no funds returned to the Housing Successor as part of an adopted <br />program that protects the former redevelopment agency’s investment of moneys <br />from the former Low and Moderate Income Housing Fund in FY 2021-22. <br />(D)The Housing Authority of the City of Santa Ana has not contracted with any <br />outside entity for the management of the units. <br />EXHIBIT 1 <br /> <br />City Council 6 – 11 1/17/2023 <br />