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2025 General Plan Annual Progress Report <br /> Attachment C <br /> the Housing Successor. Further, the value of loans and grants receivable is included in these <br /> reported assets held in the LMIHAF. <br /> The following provides the statutory value of assets owned by the Housing Successor. <br /> As of . . <br /> Fiscal Year <br /> Statutory Value of Real Property Owned by Housing Authority $ 75,000 <br /> Value of Loans and Grants Receivable $ 22,566,387 <br /> Total Value of Housing Successor Assets $ 22,641,387 <br /> V. DESCRIPTION OF TRANSFERS <br /> The Housing Successor did not make any LMIHAF transfers to other Housing Successor(s) <br /> under Section 34176.1(c)(2) during the Fiscal Year. <br /> VI. PROJECT DESCRIPTIONS <br /> The following is a description of project(s)for which the Housing Successor receives or holds <br /> property tax revenue pursuant to the ROPS as well as the status of the project(s): <br /> Project Name Status of Project J <br /> N/A All former projects on the ROPS have been <br /> completed. <br /> VII. STATUS OF COMPLIANCE WITH SECTION 33334.16 <br /> Section 34176.1 provides that Section 33334.16 does not apply to interests in real property <br /> acquired by the Housing Successor on or after February 1, 2012; however, this Report presents <br /> a status update on the project related to such real property. <br /> With respect to interests in real property acquired by the former redevelopment agency prior to <br /> February 1, 2012, the time periods described in Section 33334.16 shall be deemed to have <br /> commenced on the date that the Department of Finance approved the property as a housing <br /> asset in the LMIHAF; thus, as to real property acquired by the former redevelopment agency <br /> now held by the Housing Successor in the LMIHAF, the Housing Successor must initiate <br /> activities consistent with the development of the real property for the purpose for which it was <br /> acquired within five years of the date the DOF approved such property as a housing asset. <br /> H USING AUTHORITY OF THE CITY OF SANTA ANA—FY 2024/25 C-4 of 10 <br />