Housing Successor Agency Annual Reports

Each year, starting in FY 2013-2014, the Sonoma County Community Development Commission (Commission) is required by the State of California to prepare a Housing Successor Agency Annual Report within six months after the end of each fiscal year, which must be provided to its governing body, the Board of Commissioners, and posted on the agency’s website. The report must be posted with the Commission’s current financial audit report and the most recent Five-Year Implementation Plans of the former redevelopment project areas.

Background

When redevelopment agencies were dissolved in February 2012, the housing functions of former redevelopment agencies were either retained by the sponsoring community or transferred to local housing authorities that were then designated as housing successor agencies. The Commission, as parent entity of the Sonoma County Housing Authority, became the Housing Successor for the former redevelopment agencies of the County and the cities of Sebastopol and Sonoma. All encumbered housing assets of the three former redevelopment agencies were transferred to the Commission. These assets, as well as income earned on the assets, must be held in a Low- and Moderate-Income Housing Asset Fund (LMIHAF) and used pursuant to the housing provisions of California Community Redevelopment Law (CRL).