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Item HA 03 - Housing Successor Annual Report: FY 2022-23
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Item HA 03 - Housing Successor Annual Report: FY 2022-23
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1/23/2024 8:44:46 AM
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1/17/2024 4:41:03 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
HA 3
Date
1/16/2024
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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2022/23 Page 6 <br />Address of Property <br />Date of <br />Acquisition <br />Deadline to <br />Initiate <br />Development <br />Activity <br />Status of Housing Successor <br />Activity <br />826 N. Lacy 7/29/2009 2/14/2018 <br />On November 17, 2020, the <br />Housing Authority entered into a <br />99-year Ground Lease for the <br />development of two (2) affordable <br />homeownership opportunities for <br />moderate income families. In <br />August 2022, Habitat held a <br />groundbreaking ceremony and <br />obtained all building permits to <br />commence construction. The <br />antipated completion date of the <br />two (2) homes is in November <br />2023. <br />1126 & 1146 <br />Washington 9/5/2007 2/14/2018 <br />On July 25, 2022, the Housing <br />Authority entered into a 65-year <br />Ground Lease with Washington <br />Santa Ana Housing Partners, L.P. <br />for the development of the <br />Crossroads at Washington, a <br />multifamily affordable housing <br />project with 86 units for extremely <br />low-income families. <br />Construction is underway and the <br />anticipated completion date of the <br />project is in March 2024. <br />The following provides a status update on the project(s) for property or properties that have <br />been acquired by the Housing Successor using LMIHAF on or after February 1, 2012: <br />Address of Property <br />Date of <br />Acquisition <br />Deadline to <br />Initiate <br />Development <br />Activity <br />Status of Housing Successor <br />Activity <br />N/A <br />EXHIBIT 1
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