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Home My WebLink About2025/11/12 - ADMIN - Agenda Packets - Housing Authority - Regular Housing Authority of St. Louis Park Meeting date: November 12, 2025 Housing Authority, St. Louis Park, Minnesota Wednesday, November 12, 2025, 5 p.m. Community room, first floor Agenda 1. Call to order - roll call 2. Approval of Minutes for October 2025 3. Hearings: a. None 4. Presentation a. None 5. Unfinished Business a. None 6. New Business a. Approval of Utility Allowances for Housing Choice Voucher and Public Housing programs, Resolution No. 782 b. 2025 Publicly Owned Housing Program (POHP) funding award c. St. Louis Park deferred home improvement loan program 7. Communications a. Claims Lists: October 2025 b. Financials: August 2025 c. Communications: 8. Other: Next scheduled meeting: December 10, 2025 9. Adjournment Auxiliary Aides for those with disabilities are available upon request. To make arrangements please call the Housing Authority office at 952-924-2579 (TDD 952-924-2668) at least 96 hours in advance of meeting. 1 2 Unofficial Minutes Housing Authority meeting St. Louis Park, Minnesota October 8, 2025 1. Call to order: The meeting was called to order at 5:00 p.m. Roll call: Members present: Catherine Courtney, Jolene Tanner and Val Upsher Members absent: Shelby Conway, Thom Miller Staff present: Marney Olson, Nicole Randall and Angela Nelson 2. Approval of Minutes – Minutes for the September board meeting were reviewed. It was moved by Commissioner Courtney, seconded by Commissioner Upsher to approve the September 2025 minutes as presented. Motion passed 3-0. 3. Hearings – a. Housing Authority Annual Plan and Resolution No. 780. Ms. Olson presented the Housing Authority’s (HA) annual plan, which is required now that the HA is a non-qualified agency. HUD requirements for a 45-day comment period and input from the resident advisory committee have been met. She noted that the resident advisory committee shared their appreciation for staff’s work ensuring that the generator controls the secure doors. Commissioner Tanner opened the public hearing at 5:09 p.m. There were no public comments. Commissioner Tanner closed the public hearing. Ms. Olson explained the HA’s Portfolio Management Specialist with HUD directed the HA to complete the Qualified Annual Plan, Civil Rights Certification and Certificate of compliance with PHA Plan and Related Regulations even though the HA is a non-qualified agency. It was moved by Commissioner Courtney; seconded by Commissioner Upsher to approve Resolution No. 780 approving the 2026 annual Plan, Civil Rights Certification and Certifications of Compliance with the PHA Plan and Related Regulations. Motion passed 3-0. 4. Presentation - None 5. Unfinished Business – None 6. New Business a. Approval of Housing Choice Voucher Payment Standards, Resolution No. 781. 3 Unofficial Minutes 2 Housing Authority October 8, 2025 Ms. Randall presented the Housing Choice Voucher Payment Standards effective January 2026 which will revise the zero, three- and five-bedroom payment standards. It was moved by Commissioner Upsher, seconded by Commissioner Courtney to approve the Housing Choice Voucher Payment standards, Resolution No. 781. Motion passed 3-0. b. Wayside Inc. Project Based Contract Amendment. Ms. Randall presented the thirteenth amendment to the Wayside Inc. Project Based contract which will continue PBV rental assistance for an additional five years. Commissioner Courtney asked if the HA is receiving Wayside’s financial statements. In the past, Commissioner Courtney asked for the financial statements to confirm Wayside had other funding sources. Ms. Randall said that the HA does not receive Wayside’s financials, but the HA will look into this further. It was moved by Commissioner Upsher, seconded by Commissioner Courtney to approve the Wayside Inc. Project Based Contract Thirteenth Amendment Motion passed 3-0. 7. Communications 8. Other 9. Adjournment It was moved by Commissioner Upsher, seconded by Commissioner Courtney, to adjourn the meeting. Motion passed 3-0. The meeting was adjourned at 5:42 p.m. Respectfully submitted, ______________________________ Jolene Tanner, Secretary 4 Housing Authority of St. Louis Park Meeting date: November 12, 2025 Agenda item: 6a Title: Approval of Utility Allowances for Housing Choice Voucher Program and Public Housing, Resolution No. 782 Recommended action: Staff recommend board approval of Resolution No. 782, Housing Choice Voucher and Public Housing utility allowances effective January 1, 2026. Policy consideration: In accordance with HUD regulations, Housing Choice Voucher and Public Housing program utility allowances must be analyzed on an annual basis. Tenant paid utilities are considered part of a participant’s shelter cost. In public housing utility allowances are subtracted from 30% of each the household’s adjusted income to determine the amount a household pays for rent. In the Housing Choice Voucher program, the utility allowance is part of the formula used to determine household rent portion and is also considered in determining affordability/eligibility for lease up in a new unit. Summary: Since 2017 the St. Louis Park Housing Authority has adopted the Metro HRA new utility allowance schedule for both the Housing Choice Voucher program and Public Housing scattered sites. Hamilton House residents do not pay utilities. The utility allowance is also utilized in determining rent affordability for the city housing programs with restricted rents as well as properties with other state and federal subsidies, such as tax credits. 2026 PROPOSED UTILITY ALLOWANCES: Federal regulations require a utility allowance schedule revision if there has been a change, up or down, of 10 percent or more in any utility rate since the last revision of the schedule. The last approved allowance schedule was in November 2024 with an effective date of January 1, 2025. Metro HRA staff completed an annual review of current utility rates for natural gas, electric, propane, fuel oil, water, sewer, and trash collection along with average prices for appliances sometimes provided by tenants as required by lease. Hamilton House residents do not pay utilities and scattered site residents do not pay for water, sewer or trash, but HCV participants may if required in their lease. St. Louis Park does not have any properties serviced by propane or oil heating and rural water does not apply to the HA’s jurisdiction, those utilities are not included. The Met Council’s analysis found that the natural gas rates had increased 20.19% since the rate was last updated in 2024 and the water rate had increased 17.43% since last updated in 2019. Under federal regulation, both of these rates are required to be adjusted. Supporting documents: Resolution No. 782 Metro HRA Regional Utility Allowance Prepared by: Nicole Randall, housing assistance administrator Reviewed by: Marney Olson, housing manager 5 Page - 1 2025 Regional Utility Allowance Background In accordance with program regulations CFR 24 Section 982.517, Housing Authorities must establish utility allowance schedules for tenant furnished utilities and services. HUD requires that Housing Authorities create utility allowance schedules based “on the typical cost of utilities and services paid by energy-conservative households that occupy housing of similar size and type in the same locality. In developing the schedule, the HA must use normal patterns of consumption for the community as a whole and current utility rates”.i A PHA must review its utility allowance schedule annually, and must revise its allowances for a utility when there has been a change of 10 percent or more in the utility rate since the last revision of the schedule. In 2016, Metro HRA updated both the consumption amounts and utility pricing data. All of the utility allowance amounts were updated in 2016, regardless of the amount of change. Since then, new rates have been obtained annaully and compared to the rates for 2016. Utility amounts that had cumulatively increased by more than 10% from the previous update were revised, in accordance with HUD regulations. Those that had a cumulative increase of less than 10% were not changed. The consumption data was taken from HUD’s Utility Schedule Model (HUSM) in 2016. As no major changes have been made to the HUSM since then, no changes to the consumption data have been made. 6 Page - 2 | August 2025 | METROPOLITAN COUNCIL 2025 Utility Allowance Amounts 2025 Utility Allowance UNIT SIZE AND TYPE 0 1 2 3 4 5 APT TH SF APT TH SF APT TH SF APT TH SF APT TH SF APT TH SF Heating Natural Gas 37 45 49 42 50 56 48 64 68 53 79 84 59 94 98 65 109 114 Electric 36 52 86 42 61 101 58 80 119 73 99 136 89 119 154 105 138 172 Bottle Gas 60 75 86 71 89 101 83 103 119 95 118 136 108 133 154 120 148 172 Oil 97 122 139 115 144 164 135 168 192 155 192 221 175 216 250 195 240 279 Cooking Natural Gas 5 5 6 8 9 10 Electric 7 9 13 16 20 24 Bottle Gas 6 7 10 13 15 18 Oil NA NA NA NA NA NA Water Heating Natural Gas 9 10 14 18 22 26 Electric 25 29 37 45 53 61 Bottle Gas 14 17 24 32 40 47 Oil 23 28 40 52 64 76 Other Electric 35 43 47 45 56 61 58 72 80 71 89 98 84 105 116 97 122 135 Water 12 17 22 27 34 39 Water-Selected Rural Communities 23 32 41 50 63 72 Sewer 17 24 31 38 48 55 Sewer-Selected Rural Communities 32 45 58 71 90 103 Trash 32 32 34 36 36 36 Range 4 4 4 4 4 4 Refrigerator 4 4 4 4 4 4 [The rest of this page intentionally left blank] 7 Page - 3 | August 2025 | METROPOLITAN COUNCIL 2025 Utility Allowance-change from 2024 2025 Utility Allowance UNIT SIZE AND TYPE 0 1 2 3 4 5 APT TH SF APT TH SF APT TH SF APT TH SF APT TH SF APT TH SF Heating Natural Gas 5 6 7 6 7 8 7 9 10 7 12 13 8 14 14 10 17 17 Electric 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bottle Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Oil 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cooking Natural Gas 1 1 1 2 2 2 Electric 0 0 0 0 0 0 Bottle Gas 0 0 0 0 0 0 Oil NA NA NA NA NA NA Water Heating Natural Gas 2 2 2 3 4 4 Electric 0 0 0 0 0 0 Bottle Gas 0 0 0 0 0 0 Oil 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Electric 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Water 2 3 3 4 5 6 Water-Selected Rural Communities 4 5 6 7 8 10 Sewer 0 0 0 0 0 0 Sewer-Selected Rural Communities 4 5 7 9 11 12 Trash 0 0 0 0 0 0 Range 0 0 0 0 0 0 Refrigerator 0 0 0 0 0 0 [The rest of this page intentionally left blank] 8 Page - 4 | August 2025 | METROPOLITAN COUNCIL Utility Rate Changes Utility Rate Last Updated Rate Used when Last Updated 2025 Rate Percentage Change since last update Update Required Natural Gas (cost per therm) 2024 $0.773 $0.929 20.19% YES Electricity (average annual cost per Kwh) 2024 $0.165 $0.171 3.51% No Bottle Gas (cost per lb) 2024 $1.87 $1.97 5.35% No Oil (cost per gallon) 2024 $3.81 $3.480 -8.66% No Water (average household cost) 2019 $20.54 $24.12 17.43% YES Sewer (average household cost) 2024 $34.24 $36.67 7.10% No Rural Water (average household cost) 2020 $38.96 $45.25 16.14% YES Rural Sewer (average household cost) 2022 $56.60 $64.42 13.82% YES Trash (35 gal) 2022 $31.49 $30.91 -1.84% No Trash (64 gal) 2022 $34.47 $33.19 -3.71% No Trash (96 gal) 2022 $36.15 $36.42 0.75% No Refrigerator (total cost) 2024 $550.00 $550.00 0.00% No Range (total cost) 2024 $550.00 $550.00 0.00% No 9 Page - 5 | August 2025 | METROPOLITAN COUNCIL Discussion Natural Gas The cost of natural gas makes up most of the total price per therm, with other fees accounting for the rest. Natural gas prices fell by 48% between the 2022 and 2024 utility allowances, and the utility allowance fell by over 25% over this time. The natural gas rates have doubled between the winter of 2024 and 2025 (Jan-April), which caused the utility allowance rates to increase by 20%. The 2025 utility allowance amounts are still lower then they were in 2022. The US Energy Information Administration tracks the bulk cost of natural gas, which directly impacts the cost of gas that public utilities charge. Natural gas prices spiked in 2021 and 2022 before falling in the summer of 2023ii. Natural gas prices fell in early 2024 but rose sharply at the end of the year. 0 1 2 3 4 5 6 7 8 9 10 Bulk natural gas prices per million BTU 10 Page - 6 | August 2025 | METROPOLITAN COUNCIL Detailed Rate Documentation Detailed consumption data can be found in the 2025 UA calculations spreadsheet. All of the consumption data was updated in 2016, and there have been no changes to consumption data since then. Natural Gas Last Updated 2024 % Change 2024-2025: 20.19% Update Required Natural Gas Pricing 2025 Cost per Therm Xcel Energy CenterPoint Energy Distribution/Delivery 0.274927 0.28093 Cost of Gas 0.474300 0.5916 Gas Affordability 0.008750 Conservation/Resource Adjustment 0.065457 0.05111 2021 Weather Event 0.04219 0.068815 Total 0.8656 0.9925 Average cost per Therm: 0.9291 Natural Gas Pricing 2024 Cost per Therm Xcel Energy CenterPoint Energy Distribution/Delivery 0.274927 0.28093 Cost of Gas 0.348900 0.4208 Gas Affordability 0.004450 Conservation/Resource Adjustment 0.064495 0.0413 2021 Weather Event 0.04219 0.068815 Total 0.7350 0.811875 Average cost per Therm: 0.773 11 Page - 7 | August 2025 | METROPOLITAN COUNCIL Electricity Last Updated 2024 % Change 2024-2025 2.91% No Update Required Electricity pricing 2025 Cost per KwH (Usage cost) 2025 Rate Energy Charge summer (June-Sept 4 month) $0.13069 Energy Charge winter (winter 8 month) $0.11364 Fuel Cost Charge $0.03707 Resource Adjustment $0.005150 Renewable Energy Cost Recovery $0.0241 Summer Rate: $0.17707 Winter Rate: $0.15962 Average Rate (Summer and Winter): $0.17126 Electricity pricing 2024 Cost per KwH (Usage cost) 2024 Rate Energy Charge summer (June-Sept 4 month) $0.13069 Energy Charge winter (winter 8 month) $0.11364 Fuel Cost Charge $0.03653 Resource Adjustment $0.009342 Summer Rate: $0.17656 Winter Rate: $0.15951 Average Rate (Summer and Winter): $0.16519 Heating Oil Last Updated 2024 % Change 2024-2025: -8.66% No Update Required 2025 Average Oil cost per Gal =$3.48 2024 Average Oil cost per Gal =$3.81 12 Page - 8 | August 2025 | METROPOLITAN COUNCIL Propane Last updated 2024 % Change 2024-2025: 5.35% No Update Required 2025 Average Propane cost per Gal =$1.97 2024 Average Propane cost per Gal =$1.87 Water Last updated 2019 (rural water updated 2020) % Change Water 2019-2025: 17.43%- Update Required % Change Rural Water 2020-2025: 16.14%- Update Required Average household water and sewer usage = 175 gallons per day Water pricing 2025 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household St Paul 0.00442 $23.53 $9.44 $32.97 Oakdale 0.00252 $13.41 $5.12 $18.53 Hopkins 0.00427 $22.73 $4.16 $26.89 Burnsville 0.00258 $13.73 $10.31 $24.04 Eden Prairie 0.0027 $14.37 $7.96 $22.33 Prior Lake 0.00375 $19.96 $7.27 $27.23 Plymouth 0.00208 $11.07 $5.79 $16.86 Average $24.12 13 Page - 9 | August 2025 | METROPOLITAN COUNCIL Water pricing-Selected rural communities 2025 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household Jordan 0.00532 $28.32 $9.73 $38.05 Belle Plaine 0.0046 $24.49 $12.23 $36.72 Elko New Market 0.00266 $14.16 $31.52 $45.68 New Prague 0.00522 $27.79 $18.10 $45.89 Norwood Young America 0.0038 $20.23 $17.64 $37.87 Watertown 0.00222 $11.82 $20.71 $32.53 Cologne 0.00988 $52.59 $18.90 $71.49 Rockford 0.00572 $30.45 $10.50 $40.95 Forest Lake 0.00831 $44.23 $13.85 $58.08 Average $45.25 Water pricing 2019 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household St Paul 0.00291 $15.49 $7.50 $22.99 Oakdale 0.00197 $10.49 $4.00 $14.49 Hopkins 0.00278 $14.80 $2.72 $17.52 Burnsville 0.00316 $16.82 $2.00 $18.82 Eden Prairie 0.00225 $11.98 $18.00 $29.98 Prior Lake 0.00481 $25.60 $1.66 $27.26 Plymouth 0.00157 $8.36 $4.35 $12.71 Average $20.54 14 Page - 10 | August 2025 | METROPOLITAN COUNCIL Water pricing-Selected rural communities 2020 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household Jordan 0.00603 $32.10 $11.03 $43.13 Belle Plaine 0.00394 $20.97 $10.36 $31.33 Elko New Market 0.00362 $19.27 $38.64 $57.91 New Prague 0.00413 $21.98 $14.63 $36.61 Norwood Young America 0.00345 $18.36 $16.00 $34.36 Watertown 0.00201 $10.70 $18.77 $29.47 Cologne 0.006 $31.94 $12.00 $43.94 Rockford 0.00494 $26.30 $4.95 $31.25 Forest Lake 0.0061 $32.47 $10.17 $42.64 Jordan 0.00603 $32.10 $11.03 $43.13 Average $38.96 Sewer Last updated 2024 (rural sewer last updated 2022) % Change Sewer 2024-2025: 7.10% No Update Required % Change Rural Sewer 2022-2025: 13.82% Update Required Average household water and sewer usage = 175 gallons per day Sewer pricing 2025 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household St Paul 0.00565 $30.07 $3.30 $33.37 Oakdale 0.00463 $24.65 $8.56 $33.21 Hopkins 0.00840 $44.71 $0.00 $44.71 Burnsville 0.00500 $26.61 $7.72 $34.33 Eden Prairie 0.00411 $21.88 $7.96 $29.84 Prior Lake 0.00666 $35.45 $7.27 $42.72 Plymouth 0.00548 $29.17 $9.33 $38.50 Average $36.67 15 Page - 11 | August 2025 | METROPOLITAN COUNCIL Sewer pricing-Selected rural communities 2025 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household Jordan 0.00851 $45.30 $17.51 $62.81 Belle Plaine 0.00879 $46.79 $18.65 $65.44 Elko New Market 0.00472 $25.12 $29.19 $54.31 New Prague 0.01699 $90.44 $11.50 $101.94 Norwood-YA 0.00866 $46.10 $10.89 $56.99 Watertown 0.00396 $21.08 $28.74 $49.82 Cologne 0.00960 $51.10 $0.00 $51.10 Rockford 0.00772 $41.09 $10.50 $51.59 Forest Lake 0.01612 $85.81 $0.00 $85.81 Average $64.42 Sewer pricing 2024 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household St Paul 0.00513 $27.31 $3.00 $30.31 Oakdale 0.00426 $22.68 $7.87 $30.55 Hopkins 0.00796 $42.37 $0.00 $42.37 Burnsville 0.00457 $24.33 $7.05 $31.38 Eden Prairie 0.00399 $21.24 $7.73 $28.97 Prior Lake 0.00613 $32.63 $6.67 $39.30 Plymouth 0.00524 $27.89 $8.93 $36.82 Average $34.24 Sewer pricing-Selected rural communities 2022 City Price per Gallon Variable cost for Average Household Fixed Cost Total cost for Average Household Jordan 0.00715 $38.06 $14.73 $52.79 Belle Plaine 0.00829 $44.13 $17.41 $61.54 Elko New Market 0.00473 $25.18 $29.21 $54.39 New Prague 0.01555 $82.77 $10.52 $93.29 Norwood-YA 0.00716 $38.11 $9.00 $47.11 Watertown 0.00297 $15.81 $21.53 $37.34 Cologne 0.00600 $31.94 $13.30 $45.24 Rockford 0.00685 $36.46 $4.95 $41.41 Forest Lake 0.01433 $76.28 $0.00 $76.28 Average $56.60 16 Page - 12 | August 2025 | METROPOLITAN COUNCIL Trash Last updated 2022 % Change 2022-2025 -3.71%-0.75% No Update Required Republic Services no longer offers service in parts of the metro area. Additional haulers were added this year and one of the zipcodes was changed. Trash pricing 2025 32-35 Gallon 64 Gallon 96 Gallon Waste Management (Price depends on location, 2 zip codes used) Zip code 55377 $26.48 $26.48 $28.79 Zip Code 55448 $29.55 $29.55 $30.71 Republic (Price depends on location, 2 zip codes used) Zip code 55377 $27.29 $27.29 $27.29 Zip Code 55448 $27.29 $27.29 $27.29 Robbinsdale $38.14 $42.71 $47.04 Saint Paul $31.14 $41.30 $49.42 Columbia Heights $36.49 $37.71 $44.37 Average $30.91 $33.19 $36.42 Trash pricing 2022 32-35 Gallon 64 Gallon 96 Gallon Waste Management (Price depends on location, 2 zip codes used) Zip code 55378 $24.90 $24.90 $26.53 Zip Code 55448 $36.52 $36.52 $38.15 Republic (Price depends on location, 2 zip codes used) Zip code 55378 $39.87 $39.87 $39.87 Zip Code 55448 $41.12 $41.12 $41.12 Saint Paul $23.27 $32.19 $35.60 Average $31.49 $34.47 $36.15 0-1 bedroom units were given 32-35 gallon average, 2 bedrooms were given the 64 gallon average, and 3+ bedrooms were given the 96 gallon average. Not all companies offer all sizes, in these cases the closest size was used to determine the cost. 17 Page - 13 | August 2025 | METROPOLITAN COUNCIL Range and Refrigerator (tenant supplied) Range pricing 2025 Cost $550 x sales tax (6.875%)=$588 Lifespan 144 months (12 years) $588/144=$4.08 Refrigerator pricing 2025 Cost $550 x sales tax (6.875%)=$588 Lifespan 144 months (12 years) $588/144=$4.08 i http://portal.hud.gov/hudportal/documents/huddoc?id=19671_52667.pdf ii https://www.eia.gov/dnav/ng/hist/rngwhhdM.htm 18 RESOLUTION NO. 782 Amending the Housing Choice Voucher and Public Housing utility allowance schedule WHEREAS, the Department of Housing and Urban Development requires that the Housing Authority establish and maintain a utility allowance schedule, and WHEREAS, the Utility Allowance is a credit for tenant-paid utilities and is used to determine the family share of the total housing costs, and WHEREAS, the Metropolitan Council Housing and Redevelopment Authority (Metro HRA) provided the updated utility allowance schedule and the changes apply to gas and water. WHEREAS, the Authority supports the methodology used by Metro HRA to determine the utility allowance schedule, NOW THEREFORE BE IT RESOLVED that the Housing Choice Voucher and Public Housing Scattered Site Utility Allowance Schedule be adopted effective January 1, 2026 pursuant to the chart outlined below. UNIT SIZE AND TYPE Effective 1/1/2026 0 1 2 3 4 5 A TH SF A TH SF A TH SF A TH SF A TH SF A TH SF Heating Natural Gas 37 45 49 42 50 56 48 64 68 53 79 84 59 94 98 65 109 114 Electric 36 52 86 42 61 101 58 80 119 73 99 136 89 119 154 105 138 172 Cooking Natural Gas 5 5 6 8 9 10 Electric 7 9 13 16 20 24 Water Heating Natural Gas 9 10 14 18 22 26 Electric 25 29 37 45 53 61 Other Electric 35 43 47 45 56 61 58 72 80 71 89 98 84 105 116 97 122 135 Water 12 17 22 27 34 39 Sewer 17 24 31 38 48 55 Trash 32 32 34 36 36 36 Tenant owned Range 4 4 4 4 4 4 Tenant owned Refrigerator 4 4 4 4 4 4 19 Adopted by the Authority November 12, 2025 _____________________________ Thom Miller, Chair ______________________________ Jolene Tanner, Secretary Attest: _______________________________ Karen Barton, Executive Director 20 Housing Authority of St. Louis Park Meeting date: November 12, 2025 Agenda item: 6b Title: 2025 Publicly Owned Housing Program (POHP) Funding Award Recommended action: No action required. This report is for informational purposes. Policy consideration: Not applicable. Summary: The Publicly Owned Housing Program (POHP) was first established by the Minnesota Legislature in 2005 to offer assistance to Housing Authorities and entities that provide Public Housing to individuals and families and is implemented through Minnesota Statute 462A. 202. Historically, POHP has been funded by the sale of General Obligation (GO) Bonds. In the spring of 2025, a Physical Needs Assessment (PNA) was completed at Hamilton House. The result identified some items as critical needs and the Housing Authority used the findings to submit a POHP application to address health and life safety issues which are the highest priority for the POHP program. The project addresses fire safety and will replace existing corridor double fire doors, replace three existing common area electrical sub panels, replace all existing outlets in tenant unit kitchen and bathroom, and replace all existing tenant unit entry fire doors (including frames and associated hardware as needed). This year, Minnesota Housing received 47 applications requesting in excess of $80.6 million. On August 28, 2025 the Minnesota Housing board selected the HA proposal for further processing. The HA is still going through its due diligence for the award amount of $583,900. Matching funds are required for the project and were included in the 5-year capital fund plan. The HA will be working with an architect on the scope of work and bidding process. The total cost of the project is estimated at $784,400 which exceeds the sealed bid/competitive bid requirements and will require board approval to award the contract. The loan will be structured as a zero-interest deferred construction or end loan with a term of 20 years and a compliance period of 35 years. The HA previously received a POHP award in 2014. Prepared by: Oi Mattison, public housing manager Reviewed by: Marney Olson, housing manager 21 22 Housing Authority of St. Louis Park Meeting date: November 12, 2025 Agenda item: 6c Title: St. Louis Park deferred home improvement loan Recommended action: No action at this time. Policy consideration: Does the Housing Authority board have any questions about the proposed St. Louis Park deferred home improvement loan? Summary: Each year the city receives an allocation of Community Development Block Grant (CDBG) funds from the U.S. Housing and Urban Development (HUD) agency for use in addressing community development needs that meet the programs national objectives. CDBG funds are distributed from HUD through Hennepin County (county) to the city. Fifteen-percent of the city’s allocation is held back by the county for public services allowing service providers to apply to Hennepin County through a competitive request for proposal. For the remaining 85%, the community development portion, the city council approves the spending plan annually. The 2025 estimated CDBG allocation is $169,216.21. Hennepin County notified direct allocation cities, including St. Louis Park, that in an effort to meet ongoing requirements of the Urban Hennepin County Community Development Block Grant Program (Urban County CDBG Program), Hennepin County is moving toward one consolidated funding pool guided by the Consolidated Plan prior to program year 2026 (beginning July 1, 2026). The St. Louis Park City Council supported the city opting into the consolidated pool. The city has allocated CDBG funds for the low-income deferred rehab loan program administered by the county. St. Louis Park residents will still be able to apply for these funds; however, they will be part of a larger pool of funding for all of the consolidated pool cities in Hennepin County. St. Louis Park has over 100 households on the waiting list for the deferred rehab loan program administered by the county. To address this growing backlog the city budgeted an additional $300,000 in city (non CDBG) funds for this program in 2023 and again in 2024. With changes to the CDBG program at the county, Hennepin County was unable to continue to use city funds for the deferred loan program. Staff have been exploring other options for continuing to provide deferred rehab loans to St. Louis Park residents and budgeted $300,000 for this program in 2026. The HA has been contracting with CEE for home improvement and loan program services since 1999 and continues to monitor and evaluate the effectiveness of the contracted services and make modifications to programs as warranted. CEE also administers deferred home improvement loans for many cities in the metro area. Staff met with CEE to discuss the creation of a St. Louis Park deferred home improvement loan. 23 Housing Authority meeting of November 12, 2025 (Item No. 6c) Page 2 Title: St. Louis Park deferred home improvement loan Loan specifications: CDBG deferred loan City deferred home improvement loan 0% 0% No monthly payments No monthly payments $30,000 maximum loan $30,000 maximum loan Forgivable after 15 years Forgivable after 20 years Many of the cities that offer deferred, forgivable loans have a 30-year term. The CDBG loan has a 15-year term. Staff recommend a 20-year term for the city loan consistent with the down payment assistance and first-generation homeownership loan terms. The loan would be 100% due when the borrower sells, transfers ownership or no longer occupies the property as the primary residence. If the homeowner remains in the home for 20 years, the loan will be forgiven. Next steps: Staff will bring the 2026 CEE contract amendment to the board for approval in late 2025 or early 2026. The deferred home improvement loan will be included with the contract amendment. Does the board have any questions or concerns about the terms of the city deferred home improvement loan? Prepared by: Marney Olson, housing supervisor Reviewed by: Angela Nelson, community development office assistant 24 Item 6 a. 25 26 27 28 29 30 31 32 33 34 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3101-00-000 Rental Income 3111-00-000 Tenant Rent 88,247 740,380 3114-00-000 Less: Concessions 0 -350 3119-00-000 Total Rental Income 88,247 740,030 3120-00-000 Other Tenant Income 3120-01-000 Laundry and Vending 860 6,337 3120-02-000 Cleaning Fee -3,807 2,576 3120-03-000 Damages -4,330 3,009 3120-04-000 Late Charges 190 1,764 3120-06-000 NSF Charges 0 210 3120-07-000 Tenant Owed Utilities 0 118 3120-09-000 Other Income - Laundry -50 3,080 3121-00-000 Tenant Payment Agreement (TPA) Rent -323 3,590 3121-01-000 Tenant Payment Agreement (TPA) Fraud 0 -1,092 3121-02-000 Tenant Payment Agreement (TPA) Other 8,187 9,019 3129-00-000 Total Other Tenant Income 727 28,610 3199-00-000 TOTAL TENANT INCOME 88,974 768,640 3400-00-000 GRANT INCOME 3401-00-000 HUD PHA Operating Grants/Subsidy 0 226,551 3499-00-000 TOTAL GRANT INCOME 0 226,551 3600-00-000 OTHER INCOME 3610-00-000 Investment Income - Unrestricted 1,133 10,082 3640-00-000 Fraud Recovery 924 2,016 3699-00-000 TOTAL OTHER INCOME 2,057 12,098 3999-00-000 TOTAL INCOME 91,031 1,007,289 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 33,784 212,600 4110-04-000 Employee Benefit Contribution-Admin 8,499 67,400 4110-99-000 Total Administrative Salaries 42,283 280,000 4139-00-000 Other Admin Expenses 4140-00-000 Staff Training 0 3,121 4170-00-000 Accounting Fees 675 6,098 Low Income Public Housing (.ph) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 3 / š u 6 b. 35 Period to Date Year to Date Low Income Public Housing (.ph) Income Statement Period = Sep 2025 Book = Accrual 4171-00-000 Auditing Fees 200 11,200 4180-00-000 Office Rent 0 3,750 4189-00-000 Total Other Admin Expenses 875 24,169 4190-00-000 Miscellaneous Admin Expenses 4190-01-000 Membership and Fees 0 263 4190-04-000 Office Supplies 0 191 4190-07-000 Telephone 665 9,528 4190-12-000 Software 0 7,561 4190-22-000 Other Misc Admin Expenses 0 13,781 4191-00-000 Total Miscellaneous Admin Expenses 42,948 311,323 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 43,823 335,492 4300-00-000 UTILITY EXPENSES 4310-00-000 Water 1,231 26,766 4320-00-000 Electricity 7,656 52,846 4330-00-000 Gas 825 27,200 4340-00-000 Garbage/Trash Removal 4,362 51,912 4390-00-000 Sewer 1,758 46,234 4399-00-000 TOTAL UTILITY EXPENSES 15,832 204,958 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4400-99-000 General Maint Expense 4410-00-000 Maintenance Salaries 18,353 118,129 4410-05-000 Employee Benefit Contribution-Maint.7,055 42,239 4419-00-000 Total General Maint Expense 25,409 160,368 4420-00-000 Materials 4420-01-000 Maintenance Materials 2,490 24,938 4420-02-000 Supplies-Appliance 878 6,521 4429-00-000 Total Materials 3,368 31,459 4430-00-000 Contract Costs 4430-06-000 Contract-Electrical 651 15,724 4430-07-000 Contract-Pest Control 1,585 8,929 4430-09-000 Contract-Grounds 1,100 7,425 4430-10-000 Contract-Janitorial/Cleaning 0 23,350 4430-11-000 Contract-Plumbing 1,748 23,341 4430-13-000 Contract-HVAC 0 4,560 4430-17-000 Contract-Elevator Monitoring 286 3,856 4430-18-000 Contract-Snow Removal Contract Cost 0 2,400 4430-19-000 Unit Turnaround Contract Cost 0 15,133 4430-99-000 Contract Costs-Other 0 16,062 4439-00-000 Total Contract Costs 5,370 120,780 4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 34,147 312,606 4500-00-000 GENERAL EXPENSES Page 2 of 3 ㌶ Period to Date Year to Date Low Income Public Housing (.ph) Income Statement Period = Sep 2025 Book = Accrual 4510-00-000 Insurance 213 3,920 4510-10-000 Property Insurance 3,235 29,116 4510-20-000 Liability Insurance 277 2,494 4520-00-000 Payments in Lieu of Taxes 3,621 26,771 4570-00-000 Bad Debt-Tenant Rents 0 -237 4590-00-000 Other General Expense 0 12,691 4599-00-000 TOTAL GENERAL EXPENSES 7,346 74,755 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-01-000 Tenant Utility Payments-Voucher 0 292 4715-01-001 Tenant Utility Payments-Public Housing 163 863 4715-06-000 FSS Escrow Payments 3,780 13,859 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 3,943 15,014 5000-00-000 NON-OPERATING ITEMS 5100-01-000 Depreciation -Buildings 26,832 241,486 5999-00-000 TOTAL NON-OPERATING ITEMS 26,832 241,486 8000-00-000 TOTAL EXPENSES 131,923 1,184,312 9000-00-000 NET INCOME -40,892 -177,023 Exclude Depreciation 26,832 241,486 Total Net Income -14,060 64,463 Page 3 of 3 ㌷ Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1110-00-000 Unrestricted Cash 1111-10-000 Cash Operating 1 799,945 1111-90-000 Petty Cash 100 1111-99-000 Total Unrestricted Cash 800,045 1112-00-000 Restricted Cash 1112-02-000 Cash Restricted-FSS Escrow 30,242 1112-99-000 Total Restricted Cash 30,242 1119-00-000 TOTAL CASH 830,286 1120-00-000 ACCOUNTS AND NOTES RECEIVABLE 1122-00-000 A/R -Tenants 25,786 1122-01-000 Allowance for Doubtful Accounts-Tenants -7,996 1122-02-000 A/R - Tenant Payment Agreement (TPA)16,792 1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 34,581 1160-00-000 OTHER CURRENT ASSETS 1162-00-000 Investments-Unrestricted 338,991 1211-00-000 Prepaid Expenses and Other Assets 20,115 1299-00-000 TOTAL OTHER CURRENT ASSETS 359,106 1300-00-000 TOTAL CURRENT ASSETS 1,223,974 1400-00-000 NONCURRENT ASSETS: 1400-01-000 FIXED ASSETS 1400-05-000 Land 655,352 1400-06-000 Buildings 3,629,598 1400-08-000 Furniture and Equipment-Admin.93,328 1400-09-000 Leasehold Improvements 655,765 1400-10-000 Site Improvement 10,568,746 1405-01-000 Accum Depreciation-Buildings -13,170,715 1410-00-000 SBITA Asset 32,684 1420-00-000 TOTAL FIXED ASSETS 2,464,758 1499-00-000 TOTAL NONCURRENT ASSETS 2,464,758 1999-00-000 TOTAL ASSETS 3,688,732 2000-00-000 LIABILITIES & EQUITY Low Income Public Housing (.ph) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 2 38 Current Balance Low Income Public Housing (.ph) Balance Sheet Period = Sep 2025 Book = Accrual 2001-00-000 LIABILITIES: 2100-00-000 CURRENT LIABLITIES: 2111-00-000 A/P Vendors and Contractors 108 2114-00-000 Tenant Security Deposits 42,895 2114-02-000 Security Deposit Clearing Account 374 2135-00-000 Accrued Payroll & Payroll Taxes 152,932 2137-00-000 Accrued PILOT 26,771 2145-00-000 Interprogram-Due To 26,584 2240-00-000 Tenant Prepaid Rents 8,119 2260-00-000 Accrued Compensated Absences-Current 65,863 2299-00-000 TOTAL CURRENT LIABILITIES 323,646 2300-00-000 NONCURRENT LIABILITIES: 2305-00-000 Accrued Compensated Absences-LT 10,484 2307-00-000 FSS Escrow 36,683 2310-00-000 Notes Payable - LT 255,002 2360-00-000 SBITA Liability 30,184 2399-00-000 TOTAL NONCURRENT LIABILITIES 332,352 2499-00-000 TOTAL LIABILITIES 655,999 2800-00-000 EQUITY 2809-00-000 RETAINED EARNINGS: 2809-01-000 Invested in Capital Assets-Net of Debt 2,391,727 2809-02-000 Retained Earnings-Unrestricted Net Assets 641,006 2809-99-000 TOTAL RETAINED EARNINGS:3,032,733 2899-00-000 TOTAL EQUITY 3,032,733 2999-00-000 TOTAL LIABILITIES AND EQUITY 3,688,732 Page 2 of 2 39 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3120-00-000 Other Tenant Income 3121-01-000 Tenant Payment Agreement (TPA) Fraud -87 -2,949 3121-02-000 Tenant Payment Agreement (TPA) Other 0 1,648 3129-00-000 Total Other Tenant Income -87 -1,301 3199-00-000 TOTAL TENANT INCOME -87 -1,301 3400-00-000 GRANT INCOME 3410-01-000 Section 8 HAP Earned 361,204 3,217,877 3410-02-000 Section 8 Admin. Fee Income 57,056 385,911 3410-04-000 Port-In Admin Fees Earned 2,777 13,123 3410-06-000 Port In HAP Earned 35,613 190,653 3499-00-000 TOTAL GRANT INCOME 456,650 3,807,564 3600-00-000 OTHER INCOME 3610-00-000 Investment Income - Unrestricted 218 2,000 3640-00-000 Fraud Recovery 87 7,737 3699-00-000 TOTAL OTHER INCOME 305 9,737 3999-00-000 TOTAL INCOME 456,869 3,815,999 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 19,824 135,347 4110-04-000 Employee Benefit Contribution-Admin -2,591 47,273 4110-99-000 Total Administrative Salaries 17,233 182,620 4130-00-000 Legal Expense 4130-04-000 General Legal Expense 204 204 4131-00-000 Total Legal Expense 204 204 4139-00-000 Other Admin Expenses 4140-00-000 Staff Training 800 6,343 4170-00-000 Accounting Fees 555 6,212 4171-00-000 Auditing Fees 200 17,950 4172-00-000 Port Out Admin Fee Paid 2,601 47,630 4180-00-000 Office Rent 0 3,750 4189-00-000 Total Other Admin Expenses 4,156 81,885 4190-00-000 Miscellaneous Admin Expenses 4190-01-000 Membership and Fees 0 263 HCV not including MS5 (.hcv-fin) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 2 㐰 Period to Date Year to Date HCV not including MS5 (.hcv-fin) Income Statement Period = Sep 2025 Book = Accrual 4190-04-000 Office Supplies 0 266 4190-07-000 Telephone 0 2,306 4190-12-000 Software 0 16,183 4190-22-000 Other Misc Admin Expenses 505 15,442 4191-00-000 Total Miscellaneous Admin Expenses 17,738 217,079 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 22,098 299,168 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4430-00-000 Contract Costs 4430-99-000 Contract Costs-Other 330 330 4439-00-000 Total Contract Costs 330 330 4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 330 330 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 317,656 2,753,654 4715-01-000 Tenant Utility Payments-Voucher 801 9,046 4715-02-000 Port Out HAP Payments 47,050 690,633 4715-04-000 Port-Out Other Expense 0 73 4715-06-000 FSS Escrow Payments 3,522 22,175 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 369,029 3,475,581 8000-00-000 TOTAL EXPENSES 391,457 3,775,079 9000-00-000 NET INCOME 65,411 40,920 Page 2 of 2 㐱 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1110-00-000 Unrestricted Cash 1111-10-000 Cash Operating 1 446,207 1111-99-000 Total Unrestricted Cash 446,207 1112-00-000 Restricted Cash 1112-02-000 Cash Restricted-FSS Escrow 71,397 1112-03-000 Cash Restricted-HAP -64,068 1112-99-000 Total Restricted Cash 7,329 1119-00-000 TOTAL CASH 453,536 1120-00-000 ACCOUNTS AND NOTES RECEIVABLE 1122-00-000 A/R -Tenants 3,499 1122-02-000 A/R - Tenant Payment Agreement (TPA)947 1130-00-000 A/R Port Ins 29,708 1131-00-000 A/R Port In Suspense 16 1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 34,169 1160-00-000 OTHER CURRENT ASSETS 1162-00-000 Investments-Unrestricted 64,783 1299-00-000 TOTAL OTHER CURRENT ASSETS 64,783 1300-00-000 TOTAL CURRENT ASSETS 552,488 1400-00-000 NONCURRENT ASSETS: 1400-01-000 FIXED ASSETS 1410-00-000 SBITA Asset 94,841 1410-01-000 Accumulated Amortization -18,968 1420-00-000 TOTAL FIXED ASSETS 75,873 1499-00-000 TOTAL NONCURRENT ASSETS 75,873 1999-00-000 TOTAL ASSETS 628,361 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2100-00-000 CURRENT LIABLITIES: 2111-00-000 A/P Vendors and Contractors -2,753 2114-00-000 Tenant Security Deposits -500 2135-00-000 Accrued Payroll & Payroll Taxes 56,739 HCV not including MS5 (.hcv-fin) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 2 㐲 Current Balance HCV not including MS5 (.hcv-fin) Balance Sheet Period = Sep 2025 Book = Accrual 2145-00-000 Interprogram-Due To 13,183 2240-00-000 Tenant Prepaid Rents 246 2260-00-000 Accrued Compensated Absences-Current 9,216 2299-00-000 TOTAL CURRENT LIABILITIES 76,131 2300-00-000 NONCURRENT LIABILITIES: 2305-00-000 Accrued Compensated Absences-LT 1,467 2307-00-000 FSS Escrow 69,974 2360-00-000 SBITA Liability 70,069 2399-00-000 TOTAL NONCURRENT LIABILITIES 141,509 2499-00-000 TOTAL LIABILITIES 217,640 2800-00-000 EQUITY 2807-00-000 RESERVED FUND BALANCE 2807-02-000 Reserved for Capital Activities -64,068 2808-00-000 TOTAL RESERVED FUND BALANCE -64,068 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 474,789 2809-99-000 TOTAL RETAINED EARNINGS:474,789 2899-00-000 TOTAL EQUITY 410,721 2999-00-000 TOTAL LIABILITIES AND EQUITY 628,361 Page 2 of 2 㐳 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3410-01-000 Section 8 HAP Earned 18,675 203,350 3410-02-000 Section 8 Admin. Fee Income 2,270 16,901 3499-00-000 TOTAL GRANT INCOME 20,945 220,251 3999-00-000 TOTAL INCOME 20,945 220,251 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 1,793 5,315 4110-04-000 Employee Benefit Contribution-Admin 882 2,095 4110-99-000 Total Administrative Salaries 2,675 7,411 4139-00-000 Other Admin Expenses 4172-00-000 Port Out Admin Fee Paid 304 4,721 4189-00-000 Total Other Admin Expenses 304 4,721 4190-00-000 Miscellaneous Admin Expenses 4190-12-000 Software 0 1,113 4190-22-000 Other Misc Admin Expenses 0 32 4191-00-000 Total Miscellaneous Admin Expenses 2,675 8,555 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 2,979 13,277 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 13,779 130,538 4715-01-000 Tenant Utility Payments-Voucher 0 2 4715-02-000 Port Out HAP Payments 3,321 65,666 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 17,100 196,206 8000-00-000 TOTAL EXPENSES 20,079 209,483 9000-00-000 NET INCOME 866 10,768 Mainstream 5 (ms5) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 44 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1110-00-000 Unrestricted Cash 1111-10-000 Cash Operating 1 21,623 1111-99-000 Total Unrestricted Cash 21,623 1112-00-000 Restricted Cash 1112-03-000 Cash Restricted-HAP 7,144 1112-99-000 Total Restricted Cash 7,144 1119-00-000 TOTAL CASH 28,767 1300-00-000 TOTAL CURRENT ASSETS 28,767 1400-00-000 NONCURRENT ASSETS: 1999-00-000 TOTAL ASSETS 28,767 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2100-00-000 CURRENT LIABLITIES: 2135-00-000 Accrued Payroll & Payroll Taxes 4,617 2145-00-000 Interprogram-Due To 2,142 2299-00-000 TOTAL CURRENT LIABILITIES 6,758 2499-00-000 TOTAL LIABILITIES 6,758 2800-00-000 EQUITY 2807-00-000 RESERVED FUND BALANCE 2807-02-000 Reserved for Capital Activities 12,713 2808-00-000 TOTAL RESERVED FUND BALANCE 12,713 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 9,295 2809-99-000 TOTAL RETAINED EARNINGS:9,295 2899-00-000 TOTAL EQUITY 22,008 2999-00-000 TOTAL LIABILITIES AND EQUITY 28,767 Mainstream 5 (ms5) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 1 45 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3428-00-000 FSS Income 5,245 41,958 3499-00-000 TOTAL GRANT INCOME 5,245 41,958 3999-00-000 TOTAL INCOME 5,245 41,958 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4190-00-000 Miscellaneous Admin Expenses 4190-23-000 Sundry Exp - STEP 5,245 41,958 4191-00-000 Total Miscellaneous Admin Expenses 5,245 41,958 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 5,245 41,958 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 8000-00-000 TOTAL EXPENSES 5,245 41,958 9000-00-000 NET INCOME 0 0 (fssgrant) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 46 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1400-00-000 NONCURRENT ASSETS: 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2800-00-000 EQUITY (fssgrant) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 1 㐷 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3427-00-000 ROSS Revenue 7,562 55,792 3499-00-000 TOTAL GRANT INCOME 7,562 55,792 3999-00-000 TOTAL INCOME 7,562 55,792 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4190-00-000 Miscellaneous Admin Expenses 4190-22-000 Other Misc Admin Expenses 260 3,884 4191-00-000 Total Miscellaneous Admin Expenses 260 3,884 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 260 3,884 4200-00-000 TENANT SERVICES 4210-02-000 Project Coordinator 7,303 51,908 4299-00-000 TOTAL TENANT SERVICES EXPENSES 7,303 51,908 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 8000-00-000 TOTAL EXPENSES 7,562 55,792 9000-00-000 NET INCOME 0 0 (rosssvc) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 48 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1400-00-000 NONCURRENT ASSETS: 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2800-00-000 EQUITY (rosssvc) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 1 㐹 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3422-00-000 Hennepin County Rev 46,535 394,466 3423-00-000 Hennepin County Admin Rev 4,283 37,810 3499-00-000 TOTAL GRANT INCOME 50,818 432,276 3999-00-000 TOTAL INCOME 50,818 432,276 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 3,788 24,344 4110-04-000 Employee Benefit Contribution-Admin 1,320 9,042 4110-99-000 Total Administrative Salaries 5,108 33,386 4130-00-000 Legal Expense 4130-04-000 General Legal Expense 222 222 4131-00-000 Total Legal Expense 222 222 4139-00-000 Other Admin Expenses 4170-00-000 Accounting Fees 160 1,435 4189-00-000 Total Other Admin Expenses 160 1,435 4190-00-000 Miscellaneous Admin Expenses 4190-12-000 Software 0 2,000 4190-22-000 Other Misc Admin Expenses 0 288 4191-00-000 Total Miscellaneous Admin Expenses 5,108 35,674 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 5,491 37,331 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 45,498 392,176 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 45,498 392,176 8000-00-000 TOTAL EXPENSES 50,989 429,507 9000-00-000 NET INCOME -170 2,769 Stable Home (stablehm) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 㔰 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1110-00-000 Unrestricted Cash 1111-10-000 Cash Operating 1 52,923 1111-99-000 Total Unrestricted Cash 52,923 1119-00-000 TOTAL CASH 52,923 1120-00-000 ACCOUNTS AND NOTES RECEIVABLE 1122-02-000 A/R - Tenant Payment Agreement (TPA)2,492 1129-00-000 A/R -Other 157,313 1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 159,805 1300-00-000 TOTAL CURRENT ASSETS 212,728 1400-00-000 NONCURRENT ASSETS: 1400-01-000 FIXED ASSETS 1410-00-000 SBITA Asset 5,836 1410-01-000 Accumulated Amortization -1,167 1420-00-000 TOTAL FIXED ASSETS 4,669 1499-00-000 TOTAL NONCURRENT ASSETS 4,669 1999-00-000 TOTAL ASSETS 217,397 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2100-00-000 CURRENT LIABLITIES: 2111-00-000 A/P Vendors and Contractors -1,842 2135-00-000 Accrued Payroll & Payroll Taxes 11,644 2145-00-000 Interprogram-Due To 174,357 2260-00-000 Accrued Compensated Absences-Current 1,524 2299-00-000 TOTAL CURRENT LIABILITIES 185,683 2300-00-000 NONCURRENT LIABILITIES: 2305-00-000 Accrued Compensated Absences-LT 243 2360-00-000 SBITA Liability 4,312 2399-00-000 TOTAL NONCURRENT LIABILITIES 4,555 2499-00-000 TOTAL LIABILITIES 190,238 Stable Home (stablehm) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 2 51 Current Balance Stable Home (stablehm) Balance Sheet Period = Sep 2025 Book = Accrual 2800-00-000 EQUITY 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 27,159 2809-99-000 TOTAL RETAINED EARNINGS:27,159 2899-00-000 TOTAL EQUITY 27,159 2999-00-000 TOTAL LIABILITIES AND EQUITY 217,397 Page 2 of 2 52 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3101-00-000 Rental Income 3112-00-000 50059 HAP Subsidy 19,273 167,749 3112-01-000 Tenant Based Subsidy 3,600 0 3119-00-000 Total Rental Income 22,873 167,749 3199-00-000 TOTAL TENANT INCOME 22,873 167,749 3400-00-000 GRANT INCOME 3410-04-000 Port-In Admin Fees Earned 387 0 3425-00-000 Admin Fee Revenue 1,650 14,950 3426-00-000 Admin Fee Revenue- to STEP 1,500 13,580 3499-00-000 TOTAL GRANT INCOME 3,537 28,530 3999-00-000 TOTAL INCOME 26,410 196,279 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 1,356 8,639 4110-04-000 Employee Benefit Contribution-Admin 875 3,246 4110-99-000 Total Administrative Salaries 2,231 11,885 4139-00-000 Other Admin Expenses 4170-00-000 Accounting Fees 160 1,435 4189-00-000 Total Other Admin Expenses 160 1,435 4190-00-000 Miscellaneous Admin Expenses 4190-12-000 Software 0 1,323 4190-22-000 Other Misc Admin Expenses 0 96 4190-23-000 Sundry Exp - STEP 3,600 8,950 4191-00-000 Total Miscellaneous Admin Expenses 5,831 22,255 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 5,991 23,690 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 18,568 167,749 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 18,568 167,749 8000-00-000 TOTAL EXPENSES 24,559 191,439 Kids in the Park (kidspark) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 2 㔳 Period to Date Year to Date Kids in the Park (kidspark) Income Statement Period = Sep 2025 Book = Accrual 9000-00-000 NET INCOME 1,852 4,840 Page 2 of 2 㔴 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1110-00-000 Unrestricted Cash 1111-10-000 Cash Operating 1 45,397 1111-99-000 Total Unrestricted Cash 45,397 1119-00-000 TOTAL CASH 45,397 1120-00-000 ACCOUNTS AND NOTES RECEIVABLE 1129-00-000 A/R -Other 43,513 1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 43,513 1300-00-000 TOTAL CURRENT ASSETS 88,910 1400-00-000 NONCURRENT ASSETS: 1400-01-000 FIXED ASSETS 1410-00-000 SBITA Asset 4,377 1410-01-000 Accumulated Amortization -875 1420-00-000 TOTAL FIXED ASSETS 3,502 1499-00-000 TOTAL NONCURRENT ASSETS 3,502 1999-00-000 TOTAL ASSETS 92,412 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2100-00-000 CURRENT LIABLITIES: 2111-00-000 A/P Vendors and Contractors 2,115 2135-00-000 Accrued Payroll & Payroll Taxes 4,213 2145-00-000 Interprogram-Due To 64,342 2260-00-000 Accrued Compensated Absences-Current 571 2299-00-000 TOTAL CURRENT LIABILITIES 71,241 2300-00-000 NONCURRENT LIABILITIES: 2305-00-000 Accrued Compensated Absences-LT 90 2360-00-000 SBITA Liability 3,234 2399-00-000 TOTAL NONCURRENT LIABILITIES 3,324 2499-00-000 TOTAL LIABILITIES 74,566 2800-00-000 EQUITY Kids in the Park (kidspark) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 2 55 Current Balance Kids in the Park (kidspark) Balance Sheet Period = Sep 2025 Book = Accrual 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 17,846 2809-99-000 TOTAL RETAINED EARNINGS:17,846 2899-00-000 TOTAL EQUITY 17,846 2999-00-000 TOTAL LIABILITIES AND EQUITY 92,412 Page 2 of 2 56 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3600-00-000 OTHER INCOME 3610-00-000 Investment Income - Unrestricted 957 10,705 3611-00-000 Investment Income - Restricted 45 416 3699-00-000 TOTAL OTHER INCOME 1,002 11,121 3999-00-000 TOTAL INCOME 1,002 11,121 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4139-00-000 Other Admin Expenses 4170-00-000 Accounting Fees 170 1,180 4189-00-000 Total Other Admin Expenses 170 1,180 4190-00-000 Miscellaneous Admin Expenses 4190-20-000 Bank Fees 122 1,218 4191-00-000 Total Miscellaneous Admin Expenses 122 1,218 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 292 2,398 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 8000-00-000 TOTAL EXPENSES 292 2,398 9000-00-000 NET INCOME 710 8,723 General Fund Cocc - interco (cocc) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 57 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1110-00-000 Unrestricted Cash 1111-10-000 Cash Operating 1 110,195 1111-99-000 Total Unrestricted Cash 110,195 1119-00-000 TOTAL CASH 110,195 1160-00-000 OTHER CURRENT ASSETS 1162-00-000 Investments-Unrestricted 284,124 1162-10-000 Investments-Restricted 13,494 1295-00-000 Interprogram-Due From 280,607 1299-00-000 TOTAL OTHER CURRENT ASSETS 578,224 1300-00-000 TOTAL CURRENT ASSETS 688,419 1400-00-000 NONCURRENT ASSETS: 1999-00-000 TOTAL ASSETS 688,419 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2800-00-000 EQUITY 2807-00-000 RESERVED FUND BALANCE 2807-01-000 Reserved for Operating Activities 13,494 2808-00-000 TOTAL RESERVED FUND BALANCE 13,494 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 674,926 2809-99-000 TOTAL RETAINED EARNINGS:674,926 2899-00-000 TOTAL EQUITY 688,419 2999-00-000 TOTAL LIABILITIES AND EQUITY 688,419 General Fund Cocc - interco (cocc) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 1 58 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3420-00-000 Capital Fund Grants 44,823 119,168 3499-00-000 TOTAL GRANT INCOME 44,823 119,168 3999-00-000 TOTAL INCOME 44,823 119,168 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 9000-00-000 NET INCOME 44,823 119,168 (cfp2024) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 59 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1400-00-000 NONCURRENT ASSETS: 1400-01-000 FIXED ASSETS 1400-10-000 Site Improvement 331,715 1420-00-000 TOTAL FIXED ASSETS 331,715 1499-00-000 TOTAL NONCURRENT ASSETS 331,715 1999-00-000 TOTAL ASSETS 331,715 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2800-00-000 EQUITY 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 331,715 2809-99-000 TOTAL RETAINED EARNINGS:331,715 2899-00-000 TOTAL EQUITY 331,715 2999-00-000 TOTAL LIABILITIES AND EQUITY 331,715 (cfp2024) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 1 60 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3420-00-000 Capital Fund Grants 29,890 29,890 3499-00-000 TOTAL GRANT INCOME 29,890 29,890 3999-00-000 TOTAL INCOME 29,890 29,890 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 9000-00-000 NET INCOME 29,890 29,890 (cfp2025) Income Statement Period = Sep 2025 Book = Accrual Page 1 of 1 61 Current Balance 0999-99-000 All 1000-00-000 ASSETS 1001-00-000 CURRENT ASSETS 1100-00-000 CASH 1400-00-000 NONCURRENT ASSETS: 2000-00-000 LIABILITIES & EQUITY 2001-00-000 LIABILITIES: 2100-00-000 CURRENT LIABLITIES: 2145-00-000 Interprogram-Due To -29,890 2299-00-000 TOTAL CURRENT LIABILITIES -29,890 2499-00-000 TOTAL LIABILITIES -29,890 2800-00-000 EQUITY 2809-00-000 RETAINED EARNINGS: 2809-02-000 Retained Earnings-Unrestricted Net Assets 29,890 2809-99-000 TOTAL RETAINED EARNINGS:29,890 2899-00-000 TOTAL EQUITY 29,890 (cfp2025) Balance Sheet Period = Sep 2025 Book = Accrual Page 1 of 1 62