HomeMy WebLinkAboutJOINT - HOUSING SUCCESSOR RPTREQUEST FOR COUNCIL/
HOUSING AUTHORITY'
ACTION
MEETING DATE-
11
A A
- --
—CIT MANAGEA - ------ EXE VE DIREC R
M R
RECOMMENDED ACTION
141,11
I W00tull 111-11M
Receive and file,
106WIM4411
CLERK OF COUNCIL USE ONLY:
APPROVED
CONTINUEDTO
Pursuant to the Dissolution Act, the City Council on January 9, 2012, designated the Housing
Authority as the Successor Housing Agency to the dissolved Community Redevelopment Agency
of the City of Santa Ana (RDA). Effective February 1, 2012, the Housing Authority retained the
housing assets, duties, functions and obligations of the former RDA and continued to complete the
housing development projects encumbered prior to the dissolution of the RDA.
Senate Bill (SB) 341, signed • the Governor • October 1, 20,13, amended the Health & Safety
Code Section 34176 and addresses functions to be performed • the Housing Successor
Agencies. This bill, effective January 2014, requires all housing successor agencies to provide an
annual report to its governing body within six months after the end • the fiscal year, starting with
FY 2013-14. Among the requirements is an independent financial audit of the Low and Moderate
Income Housing Asset Fund (LM]HAF), and information regarding specific housing financial data
and activities. The independent financial audit of the LMIHAF is included in the City's
Comprehensive Annual Financial Report (CAFR) for FY 2013-14, as prepared by the Finance and
As Recommended
As Amended
Ordinance on 1st Reading
Ordinance on 2nd Reading
Impiernenting Resolution
Set Pub is Hearing For
CONTINUEDTO
Pursuant to the Dissolution Act, the City Council on January 9, 2012, designated the Housing
Authority as the Successor Housing Agency to the dissolved Community Redevelopment Agency
of the City of Santa Ana (RDA). Effective February 1, 2012, the Housing Authority retained the
housing assets, duties, functions and obligations of the former RDA and continued to complete the
housing development projects encumbered prior to the dissolution of the RDA.
Senate Bill (SB) 341, signed • the Governor • October 1, 20,13, amended the Health & Safety
Code Section 34176 and addresses functions to be performed • the Housing Successor
Agencies. This bill, effective January 2014, requires all housing successor agencies to provide an
annual report to its governing body within six months after the end • the fiscal year, starting with
FY 2013-14. Among the requirements is an independent financial audit of the Low and Moderate
Income Housing Asset Fund (LM]HAF), and information regarding specific housing financial data
and activities. The independent financial audit of the LMIHAF is included in the City's
Comprehensive Annual Financial Report (CAFR) for FY 2013-14, as prepared by the Finance and
December 16, 2014
Page 2
INATiMMETMOIRM. ITAIM ".00TI,
El
PLEASE SEE CITY COUNCIL AGENDA ITEM 80A
FOR EXHIBITS:
1. Housing Successor Annual Report FY 2013-14