Item 08 - Housing Division Quarterly Report 10/1/2023 - 12/31/2023

Home Browse Search

Housing Division Quarterly Report February 6, 2024 Page 7 Staff also conducted one (1) workshop for property owners to assist with navigating the Rental Registry: Month # of Registrants October 5, 2023 21 Total 21 The City regularly distributes important updates and information to Santa Ana residents. During this quarter, staff informed the public of programmatic updates via social media, newsletters, and email distribution lists, reaching a total of 38,238 Santa Ana residents. Available Funds and Land Assets for Affordable Housing Development Projects The City of Santa Ana and the Housing Authority acting as the Housing Successor Agency manages multiple sources of local, state, and federal funds to develop affordable housing. Exhibit 1 provides a summary of the funds available as of December 31, 2023. Affordable Housing Opportunity and Creation Ordinance On -Site Development Since 2011, a total of 33 units have been developed on -site as a result of the Affordable Housing Opportunity and Creation Ordinance, including 23 ownership units for -sale and 10 rental units: Units Built On -Site Ownership Rental Total 23 10 33 In -Lieu Fees Generated All in -lieu fees, penalties, and other monies collected pursuant to the Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since inception, the Inclusionary Housing Fund has generated $29,277,446 to be used for the development of housing affordable to low- and moderate -income households, with a reasonable amount spent on administrative or related expenses associated with the administration of the Ordinance. Inclusionary Housing In -lieu Fees Received per Fiscal Year FYs 2009-2018 FY 18/19 FY 19120 FY 20/21 FY 21 /22 FY 22/23 FY 23/24 $10,563,306 $7,236,945 $0 $3,709,875 $6,933,320 $0 *$834,000 *On October 17, 2023, the owner of The Met paid $834, 000 in in -lieu fees based upon their Development Agreement.