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Quarterly Report for Housing Division Projects and Activities <br />September 7, 2021 <br />Page 3 <br />1 <br />9 <br />4 <br />3 <br />Table 2: Portfolio Revenue <br />Funding Source <br />HOME CDBG Redevelopment NSP CalHOME <br />Loan Payoffs $0 $81,380 $0 $0 $43,861 <br />Residual Receipts Payments $0 $6,663 $0 $0 $0 <br />Amortized Loan Payments $2,896 $5,788 $19,147 $0 $43,861 <br />Total for Q4 $2,896 $93,831 $19,147 $0 $43,861 <br />Monitoring <br />As part of the requirements for these funds, staff must monitor the owner-occupancy of <br />single-family homes that have received loans, and the building code compliance of units <br />in rental projects with long-term affordability covenants. During this quarter, 67 owner- <br />occupancy recertification letters were mailed and 43 were returned and processed. This <br />number includes letters sent from previous months. <br />On-Site compliance monitoring of the tenant files was not conducted this quarter due to <br />COVID-19. HUD has temporarily waived the requirement for ongoing periodic inspections <br />of HOME-assisted rental housing through September 30, 2021. <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 />2021. 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 Housing <br />Opportunity Ordinance, 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 $21,510,127 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