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The LMIHAF has an Excess Surplus. (Refer to calculation below.) <br />XII.INVENTORY OF HOMEOWNERSHIP UNITS <br />(A)As of June 30, 2025, there was a total of 53 homeownership units and 912 rental <br />units subject to covenants or restrictions. Of this total, all 965 units had <br />affordability restrictions. <br />(B)During FY 2023-24, one (1) single family unit was lost to the portfolio as the <br />borrowers paid off the loans earlier than the original maturity date. <br />HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2024/25 <br /> <br />