On December 29, 2011, the California Supreme Court announced its decision in Community Redevelopment Association v. Matosantos (No. S194861) in which the Court upheld AB 1x26 (the redevelopment "elimination" bill). As of February 1, 2012, all Redevelopment Agencies in California were abolished.
As part of the dissolution, the Town of Yucca Valley accepted the role of Housing Successor to continue the low and moderate income housing programs that were previously accounted for in the Low and Moderate Income Housing Funds of the Redevelopment Agency.
On October 13, 2013, Senate Bill 341 (SB341) was signed into law amending Health & Safety Code Section 34176 and adding Section 34176.1. Effective January 1, 2014, SB341 addresses particular provisions and functions relating to the former Yucca Valley Redevelopment Agency and the new Housing Successor.
Successor Housing Entities must submit an independent financial audit of the entity’s Low and Moderate Income Housing Asset Fund to its governing body by December 31st on an annual basis. The Town of Yucca Valley complies with this requirement by including the Fund in the Annual Comprehensive Annual Financial Report (CAFR).
Successor Housing Entities must also provide an Annual Report that details compliance with the expenditure limitations detailed in SB341 during each five year compliance period. The Town of Yucca Valley complies with Senate Bill 341’s annual reporting requirements by providing the information as part of the annual Housing Element Report due April 1st. The Addendum to the Annual Progress Report and the Implementation Plan of the Former RDA is provided below for your reference.