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2025 General Plan Annual Progress Report <br /> Attachment C <br /> HOUSING SUCCESSOR ANNUAL REPORT <br /> REGARDING THE <br /> LOW AND MODERATE INCOME HOUSING ASSET FUND <br /> FOR FISCAL YEAR 2024-2025 <br /> PURSUANT TO <br /> CALIFORNIA HEALTH AND SAFETY CODE SECTION 34176.1(f) <br /> FOR THE <br /> HOUSING AUTHORITY OF THE CITY OF SANTA ANA <br /> This Housing Successor Annual Report (Report) regarding the Low and Moderate Income <br /> Housing Asset Fund (LMIHAF) has been prepared pursuant to California Health and Safety <br /> Code Section 34176.1(f) and is dated as of January 20, 2026. This Report sets forth certain <br /> details of the Housing Authority of the City of Santa Ana (Housing Successor) activities during <br /> Fiscal Year 2024-2025 (Fiscal Year). The purpose of this Report is to provide the governing <br /> body of the Housing Successor an annual report on the housing assets and activities of the <br /> Housing Successor under Part 1.85, Division 24 of the California Health and Safety Code, in <br /> particular sections 34176 and 34176.1 (Dissolution Law). <br /> The following Report is based upon information prepared by Housing Successor staff and <br /> information contained within the independent financial audit of the Low and Moderate Income <br /> Housing Asset Fund, as incorporated in the City of Santa Ana's Annual Comprehensive <br /> Financial Report (ACFR) for Fiscal Year 2024-2025 (Fiscal Year) as prepared by <br /> CliftonLarsonAllen LLP (Audit), which Audit is separate from this annual summary Report; <br /> further, this Report conforms with and is organized into sections I. through XII., inclusive, <br /> pursuant to Section 34176.1(f) of the Dissolution Law: <br /> I. Amount Deposited into LMIHAF: This section provides the total amount of funds <br /> deposited into the LMIHAF during the Fiscal Year. Any amounts deposited for items <br /> listed on the Recognized Obligation Payment Schedule (ROPS) must be distinguished <br /> from the other amounts deposited. <br /> II. Ending Balance of LMIHAF: This section provides a statement of the balance in the <br /> LMIHAF as of the close of the Fiscal Year. Any amounts deposited for items listed on <br /> the ROPS must be distinguished from the other amounts deposited. <br /> III. Description of Expenditures from LMIHAF: This section provides a description of the <br /> expenditures made from the LMIHAF during the Fiscal Year. The expenditures are to be <br /> categorized. <br /> IV. Statutory Value of Assets Owned by Housing Successor: This section provides the <br /> statutory value of real property owned by the Housing Successor, the value of loans and <br /> grants receivables, and the sum of these two amounts. <br /> H USING AUTHORITY OF THE CITY OF SANTA ANA—FY 2024/25 C- 1 of 10 <br />