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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 End of <br />Fiscal Year <br />Statutory Value of Real Property Owned by Housing Authority <br /> $ 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 <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 />HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2024/25 <br /> <br />