Important NEW Information: HCD FY 2008-09 and FY 2009-10 Annual Redevelopment Financial Report on Housing Activities
State redevelopment law (Health and Safety Code (H&SC) Section 33080 et seq.,) requires redevelopment agencies to annually report to the Department of Housing and Community Development (Department) on use of the Low and Moderate Income Housing Fund (Low-Mod Fund) to increase, improve, and preserve the supply of affordable housing. The Department is statutorily mandated to annually compile and publish statewide information on redevelopment agenciesĘ housing funds and activities.
Since 2007, due to budgetary and staffing constraints, the Department has fulfilled its redevelopment reporting requirement by providing online access to report exhibits generated from each agencyĘs annual report.
For Fiscal Years 2008-09 and 2009-10, the DepartmentĘs Memorandum describing highlights of agency reported data includes new charts and tables and attachments. Agency comparisons (Attachments 1-3) are provided based on categorizing agencies into five groups according to size of available cash resources. Comparisons (group and selected agencies) are made regarding agenciesĘ key expenditures (e.g. percentages spent on debt service and planning and administration) and key housing activities (e.g. number of newly constructed units, other units, and households assisted) from data reported by agencies. Data, including links to all exhibits, detailing both financial and housing activities for FYs 2008-2009 and 2009-10, can be viewed and downloaded on the Department's website at these links:
State Redevelopment law (Health and Safety Code Sections 33080ū33080.7) prescribe redevelopment agency (RDA) reporting requirements to Department of Housing and Community Development (HCD) and the State Controller's Office (SCO). In reporting to HCD, RDAs are only required to report specific lowūmod fund data. In reporting to the SCO, agencies are required to report specific data on all funds. The SCO, pursuant to Government Code Section 53895, is required to assess agencies a penalty (up to $10,000) for failing to submit within six months of the end of the agency's fiscal year either: (1) HCD's report or the SCO's report and/or (2) two copies of the agency's independent audit report (SCO sends HCD 2nd report). To avoid penalty, agencies should timely complete their report using HCD's electronic web-based system or submit paper forms (Schedules A-E) to HCD. If submitting paper forms to HCD (to below address), agencies should also send to the State Controller (to below address) a copy of the 1 page "HCD Cover" with 2 copies of the agency's annual audit report.
State Controller's Office
Accounting & Reporting Division
3301 "C" Street, Suite 500
Sacramento, California 95816
State Department of Housing
Housing Policy Division
2020 West El Camino Ave.
Sacramento, California 95833
HCD and SCO Statewide Reports on Redevelopment Agencies:
- HCD's Redevelopment Housing Activities Reports
Agency Reporting to HCD: