Laserfiche WebLink
IV. STATUTORY VALUE OF ASSETS OWNED BY HOUSING SUCCESSOR IN LMIHAF <br />Under the Dissolution Law and for purposes of this Report, the "statutory value of real property" <br />means the value of properties formerly held by the former redevelopment agency as listed on <br />the housing asset transfer schedule approved by the Department of Finance as listed in such <br />schedule under Section 34176(a)(2), the value of the properties transferred to the Housing <br />Successor pursuant to Section 34181(f), and the purchase price of property(ies) purchased by <br />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 />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 />Habitat for Humanity Project currently underway. The following <br />sites were completed and sold to qualified <br />homeowners: 1029 McLean, 4809 Edinger, 717 <br />E. 3'd Street, 1121 Cypress, and 1114 Cypress.. <br />Construction on the following sites were <br />completed and sold to qualified homebuyers in <br />FY 14115: 812 Concord and 793 N. Concord. <br />The homes located at 4010 W. McFadden and <br />1314 Eastwood are complete and anticipated <br />to be sold to a qualified`homebuyer in FY <br />15/16. -4110 W. McFadden is currently in the <br />entitlement process and construction is <br />anticipated to start in FY 15116. <br />HOUSING AUTHORITY OF THE CITY OF SANT/&P FYgU /15 Page 4 <br />