Laserfiche WebLink
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 />The following provides a status update on the real property or properties housing asset(s) that <br />were acquired prior to February 1, 2012 and compliance with five-year period: <br />HOUSING AUTHORITY OF THE CITY OF SANTA"X215/16 Page 5 <br />