Item 07 - 2024 General Plan Annual Progress Report

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Attachment B Name of Program Objective Timeframe in KE Status of Program Implementation D. Through the City's RFP for Affordable 22. Extremely Low -Income Housing Development, award bonus points to Developers whose projects provide at In CY 2024, bonus points for Developers whose projects provide at least 75% or more Housing least 75 /o or more for the number of units Annually & Ongoing for the number of units for extremely low-income families at 30% AMI did not apply to for extremely low-income families at 30% the active RFP that had been issued in October 2023. AMI. During CY 2024, progress continued on RFP # 23-156. The RFP included a land asset A. Provide and/or leverage Successor owned by the Housing Authority of the City of Santa Ana acting as the Housing Housing Agency funds with other sources of Successor Agency. The proposed disposition and development of the property would 23. Successor Housing funding to support the production and/or Evaluate Availability Annually be solely for the development of affordable housing in accordance with requirements Agency rehabilitation of affordable housing for for an exemption from the California Surplus Land Act (Gov. Cody section 54220 et extremely low-, very low-, and low-income seq.). Although the Successor Housing Agency land was made available for use, only families. one developer submitted a proposal for it, but they subsequently rescinded their proposal. B. Set aside Successor Housing Agency funding for the purpose of increasing, improving and preserving the community's supply of low- and moderate -income housing. The Successor Housing Agency During CY 2024, the City did not allocate new funding from the Successor Housing funding sources are generated from Agency; however, the projects funded in CY 2022 continued to advance. Specifically, proceeds from the sale of former the FX Residences project, funded in CY 2022, has made significant progress. This 17- Redevelopment Agency housing assets, unit permanent supportive housing development is expected to be completed by 23. Successor Housing residual receipts from former January 2025. The City provided financial assistance through $1,656,947 in Housing Agency Redevelopment Agency assets (i.e. loans), Evaluate Availability Annually Successor Agency funds, three Project -Based Vouchers (PBVs), and a 99-year ground and a portion of the loan repayments from lease agreement for the property. The project, located at 801, 807, 809, and 809 h E. the former Redevelopment Agency to the Santa Ana Blvd., is designed to provide affordable housing for chronically homeless City. This fund includes land assets owned households and will include on -site amenities such as communal spaces, laundry by the Housing Authority acting as the facilities, and office space. The project remains on track to serve the community's low - Successor Housing Agency that must be and moderate -income housing needs once completed. developed for affordable housing or sold at or above fair market value to increase the Low and Moderate Income Housing Asset Fund. A. Update the City's local density bonus In 2024, the City made progress on the Comprehensive Zoning Code Update, which ordinance as part of the Zoning Code includes updating the City's density bonus ordinance in accordance with recent 24. Density Bonus Update (see program 18) in accordance Dec. 2023 changes to state law. Ordinance Update with recent changes to state law to incentivize the development of extremely low-, very low-, and low-income rental units.