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80A - JOINT - HOUSING SUCCESSOR RPT
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12/16/2014
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80A - JOINT - HOUSING SUCCESSOR RPT
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Last modified
12/11/2014 4:43:32 PM
Creation date
12/11/2014 4:41:52 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
12/16/2014
Destruction Year
2019
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Implementation Plans are to be made available to the public on the City's website <br />(http://www.santa-ana.or-q/cda/oversight.asp.) <br />AMOUNT DEPOSITED INTO LMIHAF <br />A total of $1,496,182 was deposited into the LMIHAF during the Fiscal Year. Of the total funds <br />deposited into the LMIHAF, a total of $709,670 was held for items listed on the ROPS. <br />II. ENDING BALANCE OF LMIHAF <br />At the close of the Fiscal Year, the ending balance in the LMIHAF was $6,829,185 of which $0 <br />is held for items listed on the ROPS. <br />III. DESCRIPTION OF EXPENDITURES FROM LMIHAF <br />The following is a description of expenditures from the LMIHAF by category: <br />The independent financial audit of the Low and Moderate Income Housing Asset Fund includes <br />an additional $8,304,317 in expenditures. These expenditures include real properties <br />transferred to developers as required by the disposition and development agreements and <br />partial payment of the unobligated amount identified in the Low and Moderate Income Housing <br />Fund Due Diligence Review. <br />HOUSING AUTHORITY OF THE CITY OF SANTA Page 3 <br />
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