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2025 General Plan Annual Progress Report <br /> Attachment C <br /> protects the former redevelopment agency's investment of moneys from the Low and <br /> Moderate Income Housing Fund pursuant to Section 33334.3(f). <br /> This Report is to be provided to the Housing Successor's governing body by December 31, <br /> 2025. However, the final audit opinion was not completed in time to be included in the <br /> December City Council meeting, which delayed the presentation of this report to January. In <br /> addition, this Report and the former redevelopment agency's pre-dissolution Implementation <br /> Plans are to be made available to the public on the City's website (https://www.santa- <br /> ana.org/successor-agency-oversight-board/ .) <br /> I. AMOUNT DEPOSITED INTO LMIHAF <br /> A total of$305,772 was deposited into the LMIHAF during the Fiscal Year. Of the total funds <br /> deposited into the LMIHAF, a total of$0 was held for items listed on the ROPS. <br /> II. ENDING BALANCE OF LMIHAF <br /> At the close of the Fiscal Year, the ending balance in the LMIHAF was $4,134,871 of which $0 <br /> is held for items listed on the ROPS. <br /> III. DESCRIPTION OF EXPENDITURES FROM LMIHAF <br /> The following is a description of expenditures from the LMIHAF by category: <br /> Monitoring &Administration Expenditures $ 300,726 <br /> Homeless Prevention and Rapid Rehousing Services Expenditures $0 <br /> Housing Development Expenditures <br /> ➢Expenditures on Moderate Income Units $0 <br /> ➢ Expenditures on Low Income Units $0 <br /> ➢ Expenditures on Very-Low Income Units $0 <br /> ➢ Expenditures on Extremely-Low Income Units $0 <br /> ➢ Total Housing Development Expenditures $0 <br /> Total LMIHAF Expenditures in Fiscal Year $ 300,726 <br /> IV. STATUTORY VALUE OF ASSETS OWNED BY HOUSING SUCCESSOR IN LMIHAF <br /> Under the Dissolution Law and for purposes of this Report, the "statutory value of real property" <br /> means the value of properties formerly held by the former redevelopment agency as listed on <br /> the housing asset transfer schedule approved by the Department of Finance as listed in such <br /> schedule under Section 34176(a)(2), the value of the properties transferred to the Housing <br /> Successor pursuant to Section 34181(f), and the purchase price of property(ies) purchased by <br /> H USING AUTHORITY OF THE CITY OF SANTA ANA—FY 2024/25 C- 3 of 10 <br />