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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 7 <br />VIII.DESCRIPTION OF OUTSTANDING OBLIGATIONS PURSUANT TO SECTION 33413 <br />Replacement Housing: According to the FY 2010 – FY 2015 Implementation Plan for the <br />former redevelopment agency, the following replacement housing obligations were transferred <br />to the Housing Successor: <br />One (1) very-low income five-bedroom unit was removed in 2005. The replacement housing <br />obligation transferred to the Housing Successor was fulfilled in a previous fiscal year with the <br />WBBB project that accommodated a five-bedroom unit within the site. <br />At the end of Fiscal Year 2022-2023, the Housing Successor has met all replacement housing <br />obligations transferred from the former redevelopment agency. <br />Inclusionary/Production Housing. According to the FY 2010 – FY 2015 Implementation Plan <br />for the former redevelopment agency, no Section 33413(b) inclusionary/production housing <br />obligations were transferred to the Housing Successor. The former redevelopment agency’s <br />Implementation Plans are posted on the City’s website at https://www.santa-ana.org/successor- <br />agency-oversight-board/ <br />IX. EXTREMELY-LOW INCOME TEST <br />Section 34176.1(a)(3)(B) requires that the Housing Successor must require at least 30% of the <br />LMIHAF to be expended for development of rental housing affordable to and occupied by <br />households earning 30% or less of the AMI. If the Housing Successor fails to comply with the <br />Extremely-Low Income requirement in any five-year report, then the Housing Successor must <br />ensure that at least 50% of the funds remaining in the LMIHAF be expended in each fiscal year <br />following the latest fiscal year following the report on households earning 30% or less of the AMI <br />until the Housing Successor demonstrates compliance with the Extremely-Low Income <br />requirement. <br />This information below is for the period of July 1, 2018 – June 30, 2023: <br />AMI FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 Totals <br />80% - 120% $150,827 $0 $0 $0 $0 $150,827 <br />50% - 80% $2,921,302 $16,632 $0 $0 $0 $2,937,934 <br />30% - 50% $471,213 $26,867 $0 $0 $0 $498,080 <br />0% - 30% $1,411,963 $43,499 $0 $0 $0 $1,455,462 <br />Totals $4,955,305 $86,998 $0 $0 $0 $5,042,303 <br />% of Funds <br />Expended on 30% <br />or Less of AMI <br />28.49% 50.00% 0.00% 0.00% 0.00% 28.87% <br />EXHIBIT 1
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