HomeMy WebLinkAbout2026/04/08 - ADMIN - Agenda Packets - Housing Authority - Regular Housing Authority of St. Louis Park
Meeting date: April 8, 2026
Housing Authority, St. Louis Park, Minnesota
Wednesday, April 8, 2026, 5 p.m.
Community room, first floor
Agenda
1. Call to order - roll call
2. Approval of Minutes for February 2026
3. Hearings:
a. None
4. Presentation
a. None
5. Unfinished Business
a. None
6. New Business
a. Bring it Home update
b. Terasa Project Based Voucher request
c. 2025 Housing Activity Report
7. Communications
a. Claims Lists: February and March 2026
b. Financials: December 2025
8. Other: Next scheduled meeting: May 13, 2026
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.
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Unofficial Minutes
Housing Authority meeting
St. Louis Park, Minnesota
February 11, 2026
1. Call to order: The meeting was called to order at 5:04 p.m.
Roll call:
Members present: Catherine Courtney, Thom Miller and Val Upsher
Members absent: Shelby Conway and Jolene Tanner
Staff present: Pat Coleman, Marney Olson, Nicole Randall and Angela Nelson
2. Approval of Minutes – Minutes for the December board meeting were reviewed.
It was moved by Commissioner Courtney, seconded by Commissioner Upsher to approve
the November 2025 minutes as presented.
Motion passed 3-0.
3. Hearings - None
4. Presentation – Vision 4.0
Mr. Coleman, Community Engagement Coordinator, presented an update on the Vision
4.0 process that began in November 2024. In total, over 2,300 residents participated in
the engagement process. The data gathered resulted in five key themes:
Creating a community where people are and feel safe
Building and maintaining connected, reliable, and people-first infrastructure
Leading as responsible stewards of natural and financial environment
Fostering a vibrant, connected, and inclusive community where everyone belongs
Ensuring diverse and attainable housing options for all
The next steps include city council using these findings to shape the strategic priorities
for the next 10 years.
5. Unfinished Business – None
6. New Business
a. Approval of SEMAP certification, fiscal year end Dec. 31, 2025. Ms. Randall presented
the Section 8 Management Assessment Program (SEMAP) certification for fiscal year
ending December 31, 2025. The Housing Authority scored 100% in all applicable
indicators. Two indicators were not applicable: the Family Self-Sufficiency program
(due to no mandatory slots) and the deconcentration bonus.
It was moved by Commissioner Upsher, seconded by Commissioner Courtney to
approve the SEMAP certification for fiscal year ending December 31, 2025. Motion
passed 3-0.
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Unofficial Minutes 2
Housing Authority
February 11, 2026
b. Approval of MN Housing Bring It Home signatories, Resolution No. 788. Staff
recommended adding authorized signers for the Bring It Home program including the
Housing Authority Board Chair, Executive Director, Housing Manager and Housing
Assistance Administrator. The resolution was presented to the board with some
revisions based on Commissioner Courtney's feedback.
It was moved by Commissioner Upsher, seconded by Commissioner Courtney to approve
MN Housing Bring It Home signatories, Resolution No. 788.
Motion passed 3-0.
c. Approval of US Bank signatories, Resolution No. 789. Staff recommended approval of
authorized signatories for the Housing Authority’s US Bank accounts including
Executive Director, Housing Manager and Housing Assistance Administrator.
It was moved by Commissioner Upsher and seconded by Commissioner Courtney to
approve US Bank signatories, Resolution No. 789. Motion passed 3-0.
d. Approval of Piper Sandler signatories, Resolution No. 790. Staff recommended
approval of authorized signatories for the Housing Authority’s Piper Sandler account
including Executive Director, Housing Manager and Housing Assistance Administrator.
It was moved by Commissioner Courtney, seconded by Commissioner Upsher,
approving the Piper Sandler signatories, Resolution No. 790. Motion passed 3-0.
7. Communications: Commissioner Courtney had a question on the claims report related
to water usage at a public housing scattered site unit. Ms. Olson confirmed that the
Housing Authority monitors water usage in public housing units.
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 6:09 p.m.
Respectfully submitted,
______________________________
Jolene Tanner, Secretary
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Housing Authority of St. Louis Park
Meeting date: April 8, 2026
Agenda item: 6a
Title: Bring It Home Program Update
Recommended action: No action required. This report is for informational purposes only.
Policy consideration: Does the board have any questions, comments or concerns about the
implementation of the Bring It Home Program in St. Louis Park.
Summary: Bring It Home (BIH) is a new program created by the legislature in 2023 to provide rental
assistance for low-income families across Minnesota. Funded by state appropriations and a metro sales
tax for housing, the program provides grants to program administrators (PAs) who will administer the
program as direct assistance for renter households.
In the spring of 2025 Minnesota Housing accepted responses to the Bring It Home Rental Assistance
Request for Proposals (“RFP”) in accordance with Minnesota Statute 462A.2095. St. Louis Park staff
submitted an RFP on behalf of the housing authority. The state statute requires prioritizing families at
or below 30% AMI, who are rent burdened with children in the household. In the RFP, St. Louis Park
also established preferences for residency, elderly, near elderly, disabled, veteran and lease in place.
In July 2025, staff were notified that the application was approved for funding in the amount of
$1,378,556.00. These funds are expected to serve approximately 52 families over 2 years. In late 2025,
staff completed the due diligence items, received board approval to execute a contract with MN
Housing and began the work of implementing the program in St. Louis Park.
Implementation included working with Yardi Systems, the HA’s software provider, to create and set up
workflows for BIH applicants and tenants. It was also necessary to ensure that information being
collected was in compliance with state statute and the program guide issued by MN Housing.
The BIH waiting list was opened in January 2026 and the program received over 3000 applications over
three days. Close to 300 of those that applied self-reported income at or below 30% AMI, with children
in the household and a St. Louis Park residency preference. In early March the first applicants were
selected from the Bring It Home waiting list and screened for eligibility. HA staff have issued the first
voucher and will pay the first housing assistance payment (HAP) to a property owner effective April 1,
2026.
HA staff are excited to finally see this program implemented in St. Louis Park and expect full utilization
of funds within the next few months.
Supporting documents: none
Prepared by: Nicole Randall, housing assistance administrator
Reviewed by: Marney Olson, housing manager
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Housing Authority of St. Louis Park
Meeting date: April 8, 2026
Agenda item: 6b
Title: Project based voucher request from Hempel for Terasa redevelopment project
Recommended action: Staff recommend that the Housing Authority Board deny the project-
based voucher (PBV) request from Terasa.
Policy consideration: Does the Housing Authority Board agree that Terasa does not meet the
requirements to be awarded PBV units?
Summary: Hempel Real Estate purchased 5401 Gamble Drive and plans to redevelop the site
of one of West End Office Park buildings with a six-story, 223-unit mixed-use building with
21,000 square feet of commercial space, including a grocer. 45 of the 223 units will be
affordable at 50% area median income (AMI). The office building at 5401 Gamble Drive was
demolished in October 2025 and construction began in early 2026.
The city council approved the planned unit development (PUD) ordinance and the economic
development authority approved a redevelopment contract for the project on Feb. 18,
2025. The city council approved the project plans, including a planned unit development
(PUD), special permit amendment and a conditional use permit (CUP) for shared parking in
February 2025.
The St. Louis Park Economic Development Authority (EDA) and Terasa, LLC (Terasa) entered
into a contract for private development (contract) dated July 24, 2025. Section 4.7(e) of the
contract requires Terasa to apply for six project-based vouchers from the St. Louis Park
Housing Authority Board.
On March 27, 2026, Terasa submitted a request to the Housing Authority (HA) to include six
project-based units in the Terasa redevelopment project. HA staff have reviewed the request
and determined Terasa does not meet the requirements to approve this PBV request.
HUD regulations allow housing authorities to project base up to 20% of their annual
contributions contract (ACC). This means the HA could project base up to 82 units within St.
Louis Park. Currently, there are project-based units at Wayside (16 units), Bickham Court (22
units), Vail Place (eight units) and the Beltline project currently under construction (20 units).
Under HUD regulation, the housing authority board has the authority to project-base up to 16
additional units.
The Code of Federal Regulations (CFR) at 24 CFR 983 provides housing authorities with
discretion to establish policies on the process to award PBVs. The regulations allow a PBV
award without a competitive process when a project was previously awarded other
government funding that was subject to competition. The Terasa development does not meet
this requirement and the HA has not opened a competitive process to award PBVs.
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Housing Authority meeting of April 8, 2026 (Item No. 6b) Page 2
Title: Project based voucher request from Hempel for Terasa redevelopment project
PBV units also require a U.S. Department of Housing and Urban Development (HUD)
environmental review and subsidy layering review be completed prior to construction. Terasa
does not meet this requirement.
In addition to not meeting the requirements to award PBVs, HUD is encouraging a pause on
new PBVs. In a letter to Executive Directors dated December 22, 2025, HUD Assistant Secretary
Benjamin Hobbs explained HCV per-unit costs at many PHAs continue to outpace rental
market inflation. As a result, some PHAs’ HAP renewal funding, even at a high proration factor,
may not be enough to fully support every current HCV participant without immediate cost
savings measures. To avoid termination of assistance, HUD is “strongly encouraging all PHAs to
consider implementing cost saving measures” which includes “pausing entering into new
project-based voucher agreements and commitments”.
The HA board approved up to 50% of the state Bring it Home (BIH) Program vouchers be
project-based and this was approved by MN Housing; however, MN Housing requires a
competitive RFP for project-based developments, with two exceptions. First, if a program
administrator (PA) places PBVs in a project that they own and operate, they do not need to
hold a competitive process. Second a PA may select a proposal to project base vouchers
without an RFP when that proposal has been selected through a competitive process within
the last three years. The Terasa development does not meet either of these criteria, making
the project ineligible for BIH PBV vouchers in St. Louis Park.
Staff is recommending denial of the request from Terasa due to ineligibility.
Next steps: HA staff will notify EDA and city staff of the denial of this request, and they will
work with the developer and legal counsel to amend the contracts. The project still meets the
requirements for providing affordable housing above and beyond what is required of the
Inclusionary Housing Policy and will meet the requirements for utilization of the funding from
the Affordable Housing Trust Fund.
Supporting documents: Terasa, LLC request letter
Prepared by: Marney Olson, housing manager
Reviewed by: Nicole Randall, housing assistance administrator
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Terasa, LLC
c/o Hempel Real Estate
800 LaSalle Avenue, Suite 1250
Minneapolis, MN 55402
March 27, 2026
Via Certified Mail, Return Receipt Requested
St. Louis Park Housing Authority Board
5005 Minnetonka Blvd.
St. Louis Park, MN 55416
Re: Contract for Private Development dated July 24, 2025 by and between Terasa,
LLC (the “Developer”) and St. Louis Park Economic Development Authority
(the “Contract”) for Terasa (the “Project”)
To the St. Louis Park Housing Authority Board;
Section 4.7(e) of the above referenced Contract requires the Developer to “apply
for 6 project-based vouchers from the St. Louis Park Housing Authority Board (the
"Housing Authority") for 5 two-bedroom units and 1 three-bedroom unit,,,” This letter is
that application for 6 project based vouchers.
Please confirm, in writing, whether Developer has been granted the requested
project based vouchers, or not. If Developer is not granted the issuance of the project
based vouchers, please indicate that denial in writing, and confirm that the denial of the
request for project based vouchers means that: (i) Developer shall be considered to be in
compliance with the City of St. Louis Park’s Inclusionary Housing Policy and the terms
and conditions of the Affordable Housing Trust Fund loan (“AHTF Loan”) for the
Project, whether or not any housing units within the Project are occupied by or are
affordable to households whose income levels are at thirty percent (30%) of Area Median
Income (“AMI”), (ii) Developer shall be considered to be in compliance with the City of
St. Louis Park’s Inclusionary Housing Policy and the terms and conditions of the AHTF
Loan for the Project if twenty percent (20%) of the housing units within the Project are
occupied by or are affordable to households whose income levels are at fifty percent
(50%) of AMI, (iii) the issuance of the Certificate of Completion of the Project will no
longer be conditioned upon the issuance or request for any project based vouchers, and
(iv) the requirement that the vouchers be applied for contained in the Declaration of
Restrictive Covenants recorded on January 29, 2026 as Document Number 6183030 in
the Office of the Registrar of Titles for Hennepin County (the “Declaration”) be deemed
satisfied.
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Housing Authority of St. Louis Park
Meeting date: April 8, 2026
Agenda item: 6c
Title: 2025 housing activity report
Recommended action: No action required. This report is for informational purposes only.
Policy consideration: Does the Housing Authority Board have any comments or questions
related to the 2025 housing activity report?
Summary: The annual housing activity report including the housing matrix has been presented
to the St. Louis Park City Council since 2005. The first two pages provide a brief review of the
detailed report and the report provides information on city policies, historical trends, program
descriptions, affordable housing and additional information on housing programs in St. Louis
Park.
The policies and programs in the housing activity report can be found on the St. Louis Park city
website.
Supporting documents: 2025 housing activity report
Prepared by: Marney Olson, housing supervisor
Reviewed by: Angela Nelson, community development office assistant
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Page 1
2025 Housing Activity Report
2025 Housing Activity Report
Executive summary
The purpose of this report is to provide an overview of the 2025 housing program activity. The report
provides information on new initiatives and updates as well as historical trends, program descriptions,
and data on city and federally funded housing programs and activity that support the city’s housing
goals. Affected household area median income (AMI) is noted in parenthesis next to the policy or
program where applicable.
1. City housing policies (see page 3)
a. Inclusionary Housing (30%, 50% and 60% AMI)
b. Tenant Protection Ordinance (60% AMI and below)
c. Housing Trust Fund
d. NOAH preservation strategies:
i. 4D tax incentive program (60% AMI and below)
ii. Multifamily rental rehab program (60% AMI and below)
iii. Legacy program (60% AMI and below)
2. Remodeling activity (see page 9)
a. Housing rehab project (general remodeling) permits were fairly consistent with 2024. Most
projects were financed without using city loans.
b. Utilization of the city’s Architect Design Services and Remodeling Advisor Services usage has
remained steady over the last three years.
c. In 2025, there were 40 home additions and 75 major remodeling projects, with average
valuations of $136,250 and $82,250 respectively, representing a slight increase over 2024.
d. The Construction Management Plan (CMP) program, in place since November 2014,
continued to see increased activity. In 2025, CMP letters were issued for 29 major additions,
four demolition/rebuild projects, and four new homes. A map is included on page 13 of the
report showing the location of these projects.
3. Affordable home ownership, Community Development Block Grant and emergency rental
assistance (see page 16)
a. The down payment assistance (DPA) has expanded in recent years, reaching a peak in 2025
with 34 loans provided to first-time homebuyers (at or below 115% AMI).
b. The First-Generation Homeownership Program, launched in late 2021, continues to grow.
Five loans closed in 2025, bringing the program total to 14 loans.
c. Homes Within Reach (West Hennepin Affordable Housing Land Trust) added four homes in
St. Louis Park in 2025, bringing the total to 31 permanently affordable homes in the
community.
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Page 2
2025 Housing Activity Report
d. Community Development Block Grant (CDBG) funds supported the Deferred Loan Program
for low-income homeowners (at or below 80% AMI) and Homes Within Reach activities. 2025
is the final year St. Louis Park will receive a direct CDBG allocation.
e. The city’s Emergency Repair Grant Program assisted five low-income homeowners (at or
below 50% AMI) in 2025.
f. Through a competitive social services Request For Proposal (RFP), the city awarded $154,000
to the St. Louis Park Emergency Program (STEP) for emergency rental assistance and an
additional $50,000 to address food insecurity in 2025.
4. Housing matrix (see page 18)
a. Owner-occupied properties account for 51% of the housing stock, while rental properties
account for 49%.
b. The ownership rate for single-family homes is 92%.
c. There are 1200 units of senior housing in St. Louis Park.
d. Maxfield Research completed a rental study for the St. Louis Park in 2023. Of the 8,101
market rate units inventoried, 26.4% are affordable to households earning 50% AMI and
24.5% are affordable to households at 60% AMI.
e. The 2025 affordable ownership purchase price increased to $306,500, up $16,300 from 2024.
Approximately 29% of homes in St. Louis Park are assessed at or below this threshold,
including single-family homes, townhomes and condominiums.
5. Foreclosures (see page 24)
a. The foreclosure rate in St. Louis Park remains extremely low.
6. Housing Authority rental assistance programs (30% AMI) (see page 25)
a. In 2025, the St. Louis Park Housing Authority served approximately 620 households through
rental assistance programs. While eligibility thresholds are up to 50% AMI for Housing Choice
Vouchers and 80% AMI for public housing, the majority of households served are at or below
30% AMI. Overall, 98% of households served are at or below 50% AMI, with 81% below 30%
AMI. Federally funded programs are categorized as serving households at 30% AMI, as
participants typically pay 30% of their income toward rent.
b. The Housing Authority administers several special-purpose voucher programs, including the
Family Unification Program, Mainstream Vouchers and VASH (Veterans Affairs Supportive
Housing) serving households at or below 50% AMI.
c. The St. Louis Park Housing Authority, in partnership with Hennepin County, continues to
administer the Stable HOME rental assistance program to individuals and families
experiencing or transitioning out of homelessness (at or below 50% AMI).
d. The Kids in the Park program, which received increased funding in 2023, served 30 families in
both 2024 and 2025 (50% AMI and below).
e. Lou Park Apartments – 19 residents residing at Lou Park with project-based vouchers were
transitioned to tenant-based vouchers administered by the Housing Authority (50% and
below AMI).
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2025 Housing Activity Report
Housing authority rental assistance programs by AMI in 2025
HUD income
definitions
Extremely
low income
30% AMI
Very low
income 31-
50% AMI
Low income
51-80% AMI
Above low
income 81% AMI
+
Percentage of
Households
81% 17% 2% 0%
1. City housing policies
The City of St. Louis Park has undertaken new initiatives and updates to current policies to address
affordable housing needs in the community.
Inclusionary housing
In June 2015, the city council adopted an inclusionary housing policy that requires the inclusion of
affordable housing units for lower income households in new market rate multi-unit residential
developments receiving financial assistance from the city. The goal of the inclusionary housing policy is
to increase the supply of affordable housing and promote economic and social integration. The policy is
regularly reviewed and updated as needed.
Table 1: Inclusionary housing policy requirements
Current Policy
Rental Projects
20% of units at 60% AMI
10% of units at 50% AMI
5% of units at 30% AMI
Ownership Projects 10% of the units at or below 80% AMI; or
Payment in lieu as calculated under the policy
In 2025 the policy was updated to:
Remove requirements that projects seeking a comprehensive plan amendment must comply
with the policy.
Allow developers to provide affordable for-sale units as an alternative to paying a fee in lieu.
Ensure equal access to amenities and common areas for affordable and market-rate units.
Permit income averaging for qualifying projects .
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2025 Housing Activity Report
Table 2: Affordable units created and approved since adoption of the Inclusionary Housing Policy
Development Year
built
Length of
affordability
Total
Units
Affordable
Units
Affordability
Level
O-bedroom
Affordable
Units
1-bedroom
Affordable
Units
2-bedroom
Affordable
Units
3+bedroom
Affordable
Units
Completed projects
Shoreham 2017 25 148 30** 50% 4 13 13
4800 Excelsior 2017 25 164 18 60% 1 10 7
Central Park West
(199 units total)
2017 25 119 in
SLP
6* 60% 1 2 2 1
Parkway 25 2018 112
Arlo West End 2020 25 164 5* 50% 1 1 2 1
The Quentin 2020 25 79 8 50% 3 4 1 0
Elmwood 2021 25 70 17 60% 5 12
Urban Park Apartments 2021 61 0
Parkway Place 2022 94 0
Zelia on 7 2023 25 217 22
65
50%
60%
36
29
15
5 – 3BR
2 – 4BR
Parkway Residences –
rehab
2023 25 24 24 50% 1 15 8
Parkway Flats 2023 25 6 6 60% 6
Caraway 2023 25 207 8* 60% 2 3 2 1
Volo at Texa Tonka 2023 25 112 23 50% 7 12 4 0
Rise on 7 2023 26 city
30 HTC*
120 19
22
21
58
30%
40%
50%
60%
57
39
24
Risor 2023 25 170 18 50% 1 11 5 1
Corsa 2023 25 250 25 50% 5 15 3 2
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2025 Housing Activity Report
Development Year
built
Length of
affordability
Total
Units
Affordable
Units
Affordability
Level
O-bedroom
Affordable
Units
1-bedroom
Affordable
Units
2-bedroom
Affordable
Units
3+bedroom
Affordable
Units
Parkway Commons 2023 37 0
Arbor Court 2024 26 city
30 HTC*
114 5
5
104
30%
50%
60%
27 50 37
Union Park Flats 2024 26 city
50 LURA**
60 16
27
17
30%
50%
60%
10 5 30
10 - 3 BR
5 - 4 BR
Mera 2024 25 233 47 50% 10 19 16 2
Totals 2,561 616
Under Construction
Beltline Station Bldg 1 20 152 0
Beltline Station Bldg 2 40 city 82 20
23
39
30% (PBVs)
50%
60%
2 14 44 22
Beltline Station Bldg 3 146 0
Totals 380 82
Approved
Parkway Plaza 73 0
Achromatic 6013 36 0
2625 Louisiana Ave 57 0
Terasa 26 223 45 50% 17 14 13 1
Totals 389 45
Some properties have a longer affordability term than the terms required by the inclusionary housing policy. The additional affordability period is
noted below the inclusionary housing policy affordability period.
* Housing tax credit (HTC)
**Land use restrictive covenants (LURA) for tax credits
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2025 Housing Activity Report
Central Park West Phase 1 and Phase 2 and Luxe were not subject to the Inclusionary Housing
Policy and voluntarily included affordable units
Parkway Residences, Parkway Place, Parkway Flats, Parkway Commons and Parkway Plaza were
all approved under Parkway Residences and all of the affordable units are in Parkway Residences
and Parkway Flats
Housing Dashboard
The City of St. Louis Park is committed to promoting quality multifamily development and affordable
housing options for low- and moderate-income households. The multifamily housing dashboard shows
the total number of rental units and the number of affordable units created since the inclusionary
housing policy was adopted. Note that it does not reflect the total number of affordable rental units in
the city, nor does it reflect affordable units that have been approved but have not yet been
completed. The dashboard also includes a second tab, affordable housing goals, that shows the progress
the city is making towards the affordable housing goals set by the Metropolitan Council.
Tenant Protection Ordinance
The city council adopted a Tenant Protection Ordinance in 2018 to support residents of naturally
occurring affordable housing (NOAH) properties during ownership transitions. The ordinance establishes
a three-month tenant protection period following the sale of a qualifying multifamily property. During
this time, if a new owner increases rents, re-screens existing tenants, or issues non-renewals without
cause and a tenant chooses to move as a result, the owner is required to provide relocation assistance.
NOAH properties are defined as multifamily buildings in which at least 18% of units are affordable to
households earning at or below 60% of area median income (AMI), consistent with the city’s inclusionary
housing policy at the time of adoption.
The ordinance does not prohibit these management actions but requires relocation benefits if they
occur within the protection period and result in tenant displacement. The intent of the three-month
period is to provide residents with time to access housing resources and secure alternative housing if
needed.
New property owners are required to notify tenants of these protections within 30 days of the sale. The
tenant protection period begins upon transfer of ownership and extends through the end of the third
calendar month following the month in which notice is provided.
A sale of a NOAH property does not necessarily result in a loss of affordability. Some properties maintain
affordability through income-restricted units, while others remain naturally affordable. For example,
properties sold in 2019 and 2023 included HUD project-based units that require ongoing affordability.
NOAH properties required to comply with the tenant protection ordinance based on sale date:
3 in 2019
2 in 2020
2 in 2021
1 in 2022
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2025 Housing Activity Report
3 in 2023
1 in 2024
2 in 2025
Affordable housing trust fund (AHTF)
The Minnesota Legislature passed a bill in 2017 that allows local communities to establish housing trust
funds. The housing trust fund may be established by ordinance and administered by the city. The city
council established a local affordable housing trust fund for St. Louis Park in 2018 and the local housing
trust fund guide was approved in 2019. Housing trust funds are distinct funds established by city, county
or state governments that receive ongoing dedicated sources of public funding to support the
preservation and production of affordable housing. Housing trust funds can also be a repository for
private donations.
Money in a housing trust fund may only be used to:
make grants, loans, and loan guarantees for the development, rehabilitation or financing of
housing;
match other funds from federal, state, or private resources for housing projects; or
provide down-payment assistance, rental assistance and homebuyer counseling services;
pay for administrative expenses not to exceed 10% of the balance of the fund.
The city may finance the fund with any money available to a local government, unless expressly
prohibited by state law. Since 2020, the primary sources of funding for the city’s trust fund is an annual
budgeted allocation of HRA Levy funds and pooled tax increment for affordable housing through special
legislation allowing the city to deposit unobligated tax increment into the fund. The majority of the city’s
housing programs are funded by the AHTF.
Land banking
Land banking is the practice of aggregating parcels of land for future sale or development. The Economic
Development Authority (EDA) purchased parcels near the Beltline and Wooddale stations to facilitate
redevelopment, which will include housing. The EDA also purchased four single-family homes on
Minnetonka Boulevard between 2018 and 2022 for affordable homeownership redevelopment
purposes.
Single family affordable legacy program – 60% AMI and below
The single-family affordable legacy program connects potential sellers with a local land trust, Homes
Within Reach, to expand and preserve affordable ownership housing in St. Louis. Since 2022, four homes
have been referred to and sold directly to Homes Within Reach through the legacy program and will
remain affordable homeownership opportunities in perpetuity.
4d - 60% AMI and below
St. Louis Park’s 4d affordable housing incentive program helps preserve affordable homes in the city by
providing financial incentive to qualified apartment owners for state property tax reductions in
exchange for dedicating 20 percent or more of their rental units affordable. The program also offers
grants to help owners improve energy efficiency and make safety improvements to their properties.
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2025 Housing Activity Report
This program was developed and implemented in 2018 to preserve affordable housing in St. Louis Park
with the first application for 4d in 2019.
Enrollment year 4d tax year Number of properties Number of units
2019 2020 1 17
2023 2024 4 464
2024 2025 3 38
2025 2026 3 39
Multifamily rental rehab program - 60% AMI and below
The multifamily rental rehab program provides moderate housing rehabilitation assistance to eligible
owners of St. Louis Park multifamily residential rental properties with three or more units. The targeted
properties are NOAH properties that are in good standing with the city, wish to make improvements to
their properties and have been maintained the buildings. Buildings must be at least 30 years old and
meet the St. Louis Park definition of a NOAH property. The maximum loan amount per qualified rent-
restricted unit is $5,000 with a maximum loan per building/development of $100,000. Loans have 0%
interest and are due upon the sale of the property. Owners are required to restrict the rents for 20-years
or until the sale or transfer of the ownership of the property. Loans are forgiven after 20 years. The goal
of this program is to provide a rehab incentive for NOAH properties to improve their property without
raising rents above the 60% AMI rent level. Since 2022, seven loans have closed for a total of $403,446,
preserving affordability in 281 units.
2. Remodeling activity
Residential permitting activity measures remodeling and maintenance activity. This section shows
historical trends of remodeling activity.
Permit Trends
“Alteration Residential” or General Remodeling
General remodeling work includes residential projects with permit valuations of less than $37,500.
The average value per job in 2025 is approximately $10,000, an increase of $300 compared to 2024.
Permits include a wide range of projects including remodeling of existing spaces, window and door
replacement, drain tile, insulation, foundation work and more.
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2025 Housing Activity Report
Chart 1: Trend of General Remodeling Permits valued under $37,500
Roofing and Siding Activity
Reroofing and residing permits are tracked separately. Almost 60% of the homes in the city had roofs
replaced between 2008 and 2011 due to storm damage. Roof replacements fluctuate over the years.
The number of roofing permits began rising in 2020 but decreased in 2025 compared to the most
recent years. Residing has been more consistent over the last ten years.
Chart 2: Reroofing and Residing Permits
Additions and Major Remodeling
The number of major remodeling permits (valued at more than $37,500) and additions increased
from last year. The average permit valuation for additions during 2025 is $136,250, which is
approximately $51,500 less than the average permit valuation in 2023 and $3,000 less than 2024.
The 2025 average valuation for major remodels is approximately $82,250, which is an increase of
$6,000 from 2024.
1074 1203 1170
983 996 1044 1001 1018
811 796 766
0
500
1000
1500
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number of Permits Issued
Year
Maintenance & minor remodeling permits
Alteration Residential (Minor)
80 107 163 162 296
591 590
1176 1114
421
86 62 85 63
122 205 205 156 227 143
0
500
1000
1500
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number of Permits Issued
Year
Reroofing and residing permits
Reroof Reside
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2025 Housing Activity Report
Chart 3: Number of Addition and Major Remodeling Permits
Permit Valuation
The following chart shows historical remodeling permit valuation for additions, major remodels,
remodeling and maintenance, garages/decks, reroofs and siding. Permits with additional valuations
were issued for plumbing, heating and electrical work are not shown here.
Chart 4: Permitted Residential Remodeling
59
49 49
63 62
38 67 40
77 82 85 104 107
93
69 75
0
40
80
120
2018 2019 2020 2021 2022 2023 2024 2025
Number of Permits Issued
Year
Addition and major remodel permit activity
Addition Residential Major Remodels
$25 $26 $28 $25
$31
$40
$36
$44
$38
$28
0
20
40
60
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Permit Valuation -
Million $
Year
Residential remodeling permit valuation
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2025 Housing Activity Report
City Housing Improvement Services, Loans Trends and Program Descriptions
Home Improvement Services
The city’s architectural design service, remodeling advisor and Home Energy Squad visits offer programs
for residents who are considering remodeling or making energy improvements.
The architectural design program provides a two-hour architectural consultation for residents to assist
with remodeling and expansions. Residents select an approved architect from a pool developed in
conjunction with the Minnesota Chapter of the American Institute of Architects. The cost to
homeowners is $25 with a limit of one architectural design consultation per household.
The city partners with the Center for Energy and Environment (CEE) to make remodeling advisor
services available to St. Louis Park homeowners. Their experienced remodeling advisors come to the
home to discuss remodeling ideas at no charge. They can answer questions about renovating existing
space or building an addition and contractor bids. The sustainability division administers the home
energy visits.
Chart 5: Architect and remodeling advisor visits
The Home Energy Squad program is a comprehensive residential energy program designed to help
residents save money and energy and stay comfortable in their homes. The program is administered by
the Center for Energy and Environment (CEE). The city pays 50 % of the visit and the resident pays the
other 50%. The program leverages funds from Xcel Energy, Center Point Energy and CEE. Free home
energy visits are available to low-income households. The city’s portion of the visit costs are funded
using the Climate Investment Fund.
A Home Energy Squad expert evaluates energy saving opportunities and installs the energy-efficiency
materials the homeowner choses including door weather stripping, water heater blanket, programmable
thermostat, LED light bulbs, high efficiency shower heads and faucet aerators. They will also perform
diagnostic tests including a blower door test to measure the home for air leaks, complete an insulation
inspection, safety check the home’s heating system and water heater and help with next steps such as
31 33 39
52 47
36
18 12 11 18
76 76 83
51 45
30
37
18 14 15
0
20
40
60
80
100
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number of Visits
Year
Architect and remodeling advisor visits
Architect Services Remodeling Advisor
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2025 Housing Activity Report
finding insulation contractors. All single family, duplex, triplex and quadplex homeowners are eligible.
The Home Energy Squad visit qualifies residents for CEE’s low interest financing and utility rebates and
provides information regarding city loans and cost share opportunities.
Chart 6: Home energy visits
Construction Management Plan
Major additions (second story additions or additions of 500 square feet or more), demolitions and new
construction projects are required to comply with the Construction Management Plan (CMP). In 2025,
the following neighborhood notifications were sent: 29 major additions, four demo/rebuilds and four
new builds. The total permit valuation for CMP additions in 2025 was $4,695,850 with an average cost of
$162,000.
170
109 85
130 166
128 112
216 246
294
0
50
100
150
200
250
300
350
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number of Visits
Year
Home energy squad visits
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2025 Housing Activity Report
Chart 7: CMP Activity
37
33 33
17
19
38
19
8
23
29
10 9 7 8
11
4 5
4
1
46
3 2
0
2 2 1 0 0 4
1 0 1
2
1 0 0 0 0 00
5
10
15
20
25
30
35
40
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Number of CMP Projects
Year
Construction Management Plan Activity
Additions Demo/New Build
New Build Demo only
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2025 Housing Activity Report
25
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2025 Housing Activity Report
City loans and rebates
The chart below summarizes activity for the Move Up Loan and Discount Loan programs. Under the
Discount Loan program, the city buys down the interest rate on the Minnesota Housing Finance
Agency’s Community Fix-Up Loan for loans up to $35,000. Beginning in 2020, market interest rates fell
below the city’s buydown rate, eliminating the need for this assistance through 2022. The program
resumed in 2023 and is administered by the Center for Energy and Environment.
The Move Up Loan program was designed to encourage residents to expand their homes and remain in
St. Louis Park. The program provides a deferred, 0% interest loan covering up to 25% of eligible project
costs, with a maximum loan amount of $35,000. Loans are forgiven after 30 years if the homeowner
remains in the property. Program utilization has varied over time and staff will continue to evaluate its
effectiveness in 2026.
Chart 8: Use of city financial incentives
Move-Up in the Park loans are deferred until the sale of the home or forgiven after thirty years.
Table 3: Move-Up Transformation Loans Paid off in the last five years
Year Number of Loans
Paid Off
Amount of Loans
2021 4 $77,876
2022 2 $50,000
2023 5 $96,514
2024 2 $48,699
2025 2 $50,000
Total paid off $323,089
10
6 3
6 1 2 2 5
6
2
11
6 5 6 5
0 0
7
5
4
0
25
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number Loans -
Rebates
Year
Move up and discount loans
Move up loans Discount loans
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2025 Housing Activity Report
Table 4: Housing rehab and homeownership programs
YEAR Move-Up loan Discount loan
Architectural
Design Services
Remodeling
Advisor Services
Down payment
assistance loan
First-generation
loan
Total City
Cost
2006 27 $591,264 88 $186,205 102 $22,950 157 $20,410 $820,829
2007 27 $620,000 50 $74,000 62 $12,400 179 $23,270 $729,670
2008 18 $330,937 55 $114,129 49 $11,025 130 $16,900 $472,991
2009 17 $329,650 52 $106,000 12 $7,200 126 $16,380 $459,230
2010 9 $209,769 64 $86,263 30 $6,750 89 $11,510 $314,292
2011 10 $226,877 22 $29,213 29 $6,525 82 $10,250 $272,865
2012* 6 $106,232 26 $31,276 29 $6,525 69 $8,970 $153,003
2013 6 $145,071 22 $33,063 37 $8,325 69 $8,970 $195,429
2014 $7662 $138,740 17 $26,079 41 $9,225 95 $12,350 $186,394
2015 7 $173,000 13 $17,577 22 $4,950 69 $15,525 $211,052
2016 10 $231,057 11 $27,001 31 $6,975 76 $17,100 $282,133
2017 6 $137,950 6 $5,907 33 $7,425 76 $17,100 $168,382
2018 3 $75,000 5 $12,904 39 $8,775 83 $18,865 $115,544
2019 6 $142,350 6 $16,577 52 $11,700 51 $11,475 8 $87,621 $269,723
2020 1 $25,000 5 $7,506 47 $10,575 45 $10,125 10 $135,428 $188,634
2021 2 $50,000 0 0 36 $8,125 30 $7,500 10 $127,900 $193,525
2022 2 $39,210 0 0 18 $4,050 37 $9,250 12 $177,590 1 $50,000 $280,100
2023 5 166,081 7 $17,842 12 $2,700 18 $4,500 22 $310,050 4 $186,125 $687,298
2024 6 $209,114 5 $21,670 11 $2,475 14 $3,500 24 $350,895 4 $211,800 $799,454
2025 2 $70,000 4 $27,913 18 $4,050 15 $3,750 34 $476,822 5 $279,587 $862,122
Total $7,662,670
Detailed descriptions of each Move-Up Program are listed at the end of the report.
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2025 Housing Activity Report
3. Affordable home ownership, Community Development Block Grants and
emergency rental assistance
Home ownership - down payment assistance program – 100%/115% AMI and below
The down payment assistance program (DPA) provides down payment/closing cost assistance
to first-time homebuyers, or those that have not owned a home in the last three years, to
purchase a home in St. Louis Park. The loan is a 0% interest, deferred loan up to $15,000, not to
exceed 5% of the purchase price. An additional $5,000 is available for employees of St. Louis
Park businesses and St. Louis Park renters. Income restrictions apply. 34 DPA loans were closed
in 2025.
First generation program
The first-generation homeownership program is designed to address historic injustices and
inequities and to support inclusive and equitable communities by facilitating affordable
homeownership and providing a means for wealth-building.
To be considered for the program, a buyer must be a first-generation homeowner meaning
they have never owned a home and parents must have never owned a home. The program is
available to homebuyers with a maximum household income at or below 80% of area median
income. The maximum loan amount is based on the household’s income and purchase price of
the homes with a maximum of $75,000. The loan is forgiven at 5% per year over a 20-year
owner occupancy period. Housing staff have partnered with several non-profits on the
development of the program as well as outreach to first generation homeowners. These non-
profits work with first-time home buyers and are also dedicated to advancing homeownership
equity in Minnesota.
The program was launched in November 2021 and the first loan was closed in September 2022.
Four loans were closed in 2023, four loans closed in 2024 and five loans in 2025, representing a
total investment of $727,512 by the city.
Housing Improvement Area (HIA)
The HIA is a financing tool to assist with the preservation of the city’s existing townhome and
condominium housing stock. An HIA is a defined area within a city where housing
improvements are made with the cost of the improvements paid in whole or in part from fees
imposed on the properties within the area. The association borrows low interest money from
the city, improvements are completed and unit owners repay the loan through fees imposed on
their properties and collected with property tax payments. To date, nine HIAs have been
established and nearly fourteen million dollars of improvements have been made to 1,310
units.
Emergency Repair Grant (50% AMI)
The city offers emergency repair grants for households below 50% area median income to
make immediate emergency repairs such as furnace replacement, roof repair, plumbing or
electrical emergencies, etc. This program is administered by Sustainable Resources Center
(SRC). The emergency repair grant is funded through the Affordable Housing Trust Fund.
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2025 Housing Activity Report
Five homeowners received emergency grants in 2025. The maximum grant amount is $5,000.
Community Development Block Grant (CDBG) (80% AMI)
The CDBG calendar year runs from July 1 – June 30. The Fiscal Year 2025 CDBG allocation of
$169,216 was directed to the low-income deferred loan program administered by Hennepin
County. 2025 is the last year the city will receive direct allocation CDBG funds from Hennepin
County.
Low-income deferred loan program
Hennepin County administers the low-income deferred loan program for St. Louis Park and
other suburban cities in Hennepin County. This program is a 15-year deferred loan for low-
income homeowners that is forgiven after 15 years if the homeowner remains in the home.
Demand for this program has continuously grown. Eight projects were completed and six loans
approved in St. Louis Park in 2025 with CDBG funds. The city is adding a St. Louis Park deferred
loan in 2026 using AHTF dollars.
West Hennepin Affordable Housing Land Trust, dba Homes Within Reach (HWR) (80% AMI)
Homes Within Reach is a program of West Hennepin Affordable Housing Land Trust that
purchases properties, rehabilitates, and then sells the home to qualified low to moderate
income households. Buyers pay for the cost of the home only and lease the land for 99 years.
City funds are leveraged with CDBG, Hennepin County Affordable Housing Incentive Fund
(AHIF), HOME Partnership, Metropolitan Council, Minnesota Housing and other funds.
Homes Within Reach uses the community land trust model to create and preserve affordable
homeownership for families in suburban Hennepin County. Four homes were purchased in
2025. To date, Homes Within Reach has purchased 31 homes in St. Louis Park.
Emergency rental assistance and Social Services RFP
Beginning in 2025, the City of St. Louis Park began using a competitive Request for Proposal
process for social services funding which includes providing emergency rental assistance in St.
Louis Park. In 2025, the St. Louis Park Emergency Program (STEP) submitted a proposal to
administer an emergency rental program for St. Louis Park residents who have an unexpected,
resolvable crisis and cannot pay rent. Documentation is requested at the time of application.
Priority is given to those with incomes at or below 50% AMI. STEP also receives Community
Development Block Grant funds through the Hennepin County Consolidated RFP for emergency
assistance.
The City of St. Louis Park awarded $154,000 in funding to STEP for emergency rental assistance
and $50,000 to address food insecurity through the 2025 RFP. Senior Community Services was
awarded $15,000 for the HOME Chore program to provide services that support and help
seniors in St. Louis Park remain living independently in their home.
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2025 Housing Activity Report
4. Housing matrix and development
The housing matrix below shows the numbers and percentages of housing types, tenure (owner
or rental), affordable units, senior-designated units and large single-family homes. The matrix is
a guide to evaluate future housing development proposals.
13.975 units (49% of units) in St. Louis Park have a rental license.
The chart shows percentages of rental vs. owner-occupied units over time. Prior to 2017,
the chart reflects homestead versus non-homesteaded properties. Starting in 2017, the
chart uses rental licenses to count the number of rental properties in St. Louis Park since
not all non-homesteaded properties are rental.
92% of single-family detached homes were owner-occupied (did not have a rental license),
and 83% of condos/townhomes were owner-occupied (no rental license)
The city hired Maxfield Research to update the city’s comprehensive housing analysis. The
report was completed and presented to council in 2023.
Chart 9: Percentage of owner occupied units
*Rental license data included beginning in 2017
Single-family rentals in St. Louis Park: A non-owner-occupied license (rental license) is required
for any non-owner-occupied unit, including vacant units and properties that are not owner-
occupied for at least six months per year. The city does not track the various types of licensed
single-family homes and therefore does not have data on how many of the properties are
occupied versus vacant homes, or properties in which the homeowner does not occupy the
home for at least six months.
In 2025, there were 932 single-family rental licenses in St. Louis Park including 37 single-family
public housing units owned and operated by the St. Louis Park Housing Authority. Over the past
ten years, the number of single-family non-owner-occupied licenses has fluctuated between
89 93 94 94 93 93 93 93 92 92
67
78 79 81 83 80 82 82 83 83
0
50
100
2016 2017*2018*2019 2020 2021 2022 2023 2024 2025
Percentage
YEAR
Percent owner occupied (no rental license)
Single Family Detached Homes Condos & Townhomes
30
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2025 Housing Activity Report
814 and 936 as shown in the chart below. Staff monitor the single-family rental license trends in
St. Louis Park annually.
Chart 10: Single-family non-owner-occupied licenses
Family-size single-family homes
“Family-size single-family homes” are defined as exceeding 1,500 square feet of living space,
having three or more bedrooms, two or more baths, and at minimum, a two-car garage.
According to the Assessing Department, 2,552 – or 22% – of St. Louis Park single family homes
meet this threshold. This is an increase of 19 homes over last year, most likely due to additions,
demo/rebuilds and remodels. Although this size home is not considered large when compared
to newly constructed housing, in St. Louis Park, 74% of single-family homes have a foundation
size less than 1,200 square feet and 45% of single-family homes have less than 1,200 square
feet above ground.
Senior housing
The following information provides an overview of senior housing is available in St. Louis Park:
Ten senior (including senior preference) housing rental developments, for a total of
1,200 units.
Hamilton House offers a preference for seniors, but not all residents are seniors.
Three senior housing developments are “affordable.” Hamilton House (public housing),
Menorah West and Menorah Plaza (multi-family subsidized).
Two senior housing developments have a mix of market rate and affordable units. The
Elmwood has 17 affordable housing units and Risor has 18 affordable units. These
affordable units are required by the inclusionary housing policy.
Two senior ownership developments, for a total of 166 units.
Total rental and home ownership units: 1,366.
899
855 850
814 828
871
849
900
936 932
740
760
780
800
820
840
860
880
900
920
940
960
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Single-family non-owner occupied licenses
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2025 Housing Activity Report
Table 5: Senior housing table
RENTAL
Project name Address Total
units
Affordable
units
Occupied
Date
Type of Senior
Hamilton
House
2400 Nevada Ave S 110 110 1976 Public Housing (Senior
Preference)
Menorah West
Apartments
3600 Phillips
Parkway
45 1986 Affordable/Subsidized
Menorah Plaza 4925 Minnetonka
Blvd
151 1981 Affordable/Subsidized,
Assisted Living Offered
Parkshore Place 3663 Park Center
Blvd
207 1988 Senior
Knollwood
Place
3630 Phillips
Parkway
153 1987 Senior
TowerLight 3601 Wooddale
Ave
43
29
33
2012 Senior
Assisted Living
Memory Care
Roitenberg
Family
3610 Phillips
Parkway
52/24 2002 Assisted Living
Memory Care
Parkwood
Shores
3633 Park Center
Blvd
68
23
2001 Assisted Living
Memory Care
Comfort
Residence at
St. Louis Park
7115 Wayzata Blvd 12
10
2014 Assisted Living
Memory Care
The Elmwood 5605 W 36th St 70 17 2021 53 market rate/
17 affordable @ 60%
AMI
Risor 3510 Beltline Blvd 170 18 2023 152 market rate/18
affordable @ 50% AMI
TOTAL RENTAL UNITS: 1200 145 affordable rental units
HOME OWNERSHIP
Project name Address No. of
Units
Occupied
Date
Type of Senior
Aquila
Commons
8200 W 33rd St 106 2012 Coop
Village in the
Park
3600 Wooddale 60 2007 Senior Living
TOTAL OWNER UNITS 166
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2025 Housing Activity Report
Affordable Housing
The Metropolitan Council sets the rental affordability limit at 60% area median income (AMI)
and 80% AMI for ownership affordability. Below is a chart showing the number of market-rate
affordable (naturally occurring affordable housing) multifamily rental units in St. Louis Park with
affordable levels from 30% AMI to 80% AMI based on the Maxfield Research update from 2023.
Program participants with a St. Louis Park Housing Choice Voucher (HCV) can utilize vouchers in
market-rate rentals reducing the rents to 30 – 40% of a voucher holder’s income. The average
HCV client’s income is below 30% AMI.
The following information is an excerpt of the 2023 Maxfield Research Housing Study for the
City of St. Louis Park. The city updates the housing study approximately every five years.
Among the 8,101 market rate units inventoried by unit mix and monthly rent, 26.4% are
affordable to households with incomes at 50% AMI while 24.5% are affordable to households
with incomes at 60% AMI.
Table 6: Multifamily market-rate rental units by AMI
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2025 Housing Activity Report
Chart 11: 2023 Maxfield report - Naturally occurring affordable housing by AMI
Source: Maxfield research & Consulting LLC
Affordable housing rental projects
The multifamily housing dashboard shows the total number of rental units and the number of
affordable units created since the inclusionary housing policy was adopted.
Affordable homeownership
The 2025 affordable ownership purchase price is $306,500, which is the affordable
homeownership purchase price for households at 80% AMI ($97,800). The affordable
purchase price at 80% AMI increased by $16,300 over the previous year. The matrix also
shows the data for single-family homes, condos and townhomes valued at $225,300 or less,
which is the 60% AMI affordable ownership purchase price, and is an increase in purchase
price of $7,900.
In 2025, 4,384 (29%) of the single-family homes, condos and townhomes in St. Louis Park
were considered affordable at or below 80% AMI based on valuation data from assessing
compared to 3,957 in 2024. The Metropolitan Council used the following assumptions in
determining the affordable ownership price in 2025:
o Fixed-interest, 30-year home loan
o Interest rate of 6.25%
o A 28% housing debt-to-household income ratio
o A 3.5% down payment
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2025 Housing Activity Report
o A property tax rate of 1.00% of the property sales price
o Mortgage insurance at 0.55% of unpaid principal
o $219/month for hazard insurance
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2025 Housing Activity Report
Table 7: St. Louis Park Housing Matrix
December 31, 2025
Housing Units by Type Large Single Family Homes, Affordable, and Senior Housing
Housing
Type Housing Units
Owner
Occupied (No
Rental
License)
Rental
Licenses
Family sized
single family
homes over
1500 square
feet
Affordable
ownership:
SF, Condo
and TH Units
60% | 80%
2023 Maxfield
Research
Affordable
Market Rate
(NOAH)
Rental Units
60% | 80%
Rent
restricted
units *Does
not include
tenant based
vouchers
Senior
Designated
Single
Family
Detached 11,607 43% 10,675 932 2,552 160 1548
37 public
housing
Duplex 436
2% 80 356
Condos and
townhomes 3,563 13% 2,974 589 1712 2,836 166
Apartments 11,198 42% 11,198 4153 6603 1,073 1200
Totals 26,804 13,731 51% 13,075 49% 2,552 22%
1872
12%
4384
29%
4153
51%
6603
81.% 1,110 8% 1366 5%
% of SF
Homes
% of SF,
Condo & TH
% of
Multifamily
surveyed % of Rental
% of Total
Housing Units
The rental unit numbers are rental license data provided by the building and energy department. The percentage of owner occupied (no rental license)
units to rental (units with a rental license) units is 52% owner (no rental license) and 48% of units with a rental license.
Met Council revises the affordable housing income standards annually and affordability is defined as owner occupied units at 80% AMI and rental units
at 60% AMI. Some years 80% AMI rental units have also been considered affordable. This chart shows all single family homes, condos and townhomes
with an assessed value based on 60% and 80% AMI. The chart also shows multifamily rental units affordable at 60% AMI and 80% AMI based on
Maxfield Research data. The percentage of affordable units for multifamily is based on the percentage of multifamily units surveyed by Maxfield
Research in 2023. More data is on the previous page related to affordable rents based on the number of bedrooms in a unit.
Rent restricted units include project based vouchers, public housing and inclusionary housing units. This does not include the tenant based Housing
Choice Vouchers (Section 8), Kids in the Park, or Stable HOME vouchers which are not tied to a specific unit.
Data source: St. Louis Building and Energy and Assessing departments, St. Louis Park Housing Authority and Maxfield Research & Consulting.
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2025 Housing Activity Report
5. Foreclosures
Foreclosures are measured by the number of sheriff sales. The number of residential
foreclosures in St. Louis Park remains low with 11 foreclosures in 2025.
Chart 12: St. Louis Park residential foreclosures by year
The trend chart below shows foreclosure by housing type over time.
Chart 13: Residential foreclosures by housing type
*Townhome & DB = Townhome and Double Bungalow/Duplex
31
36
19
15
4 4 7
11 13 11
0
40
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number of foreclosures
Year
Residential foreclosures by year
21
25
16
11
3 2
6 6
11
2
6 9
2 4
1 1 1 3 2
8
4 2
1 0 0 1 0 2 0 10
50
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Number of foreclosures
Year
Residential foreclosures by housing type
Single Family Detached Condos Townhome & DB
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2025 Housing Activity Report
6. Housing Authority and rental assistance programs
The St. Louis Park Housing Authority (HA) administers programs that ensure the availability of
safe and desirable affordable housing options in the St. Louis Park community. These programs
include the Public Housing program, Housing Choice Voucher rental assistance program, the
family self-sufficiency program, Stable HOME, Kids in the Park and Bring it Home programs. The
HA currently serves over 615 eligible, low-income households through their housing programs.
Public Housing
Restricted to households at or below 80% AMI. However, the majority of public housing
residents have incomes below 50% AMI, with a significant number below 30% AMI.
The Housing Authority (HA) owns Hamilton House, a low-rise apartment building (108 one-
bedroom units and two two-bedroom units) built in 1975, and 37 scattered site single-family
units (three to five bedrooms) acquired or constructed between 1974 and 1996. Hamilton
House is designated for general occupancy, however, priority is given to elderly and disabled
applicants. The single-family scattered site units house families with children. The HA also holds
the HUD Annual Contributions Contract (ACC) and maintains a waiting list for 12 two-bedroom
Public Housing apartment units located at Louisiana Court.
The average annual income for households at Hamilton House is $16,680 which is below 30%
AMI. The average income for the scattered site single-family homes (three to five bedrooms) is
$45,799 and average income for the 12 Louisiana Court public housing two-bedroom units is
$20,480.
Table 8: Percentage of public housing units by AMI
30% AMI 31 - 50% AMI 51-80% AMI 81%+ AMI
77% 19% 3% 1%
Public housing residents pay 30% of their income towards rent. If a household’s income rises
above the limit, on the second anniversary of exceeding the HUD over-income limit (120%
AMI), households are given notice that they are no longer eligible for public housing and need
to move on from the program.
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2025 Housing Activity Report
Table 9: Public Housing
Public Housing Total
Units
1-BR 2-BR 3-BR 4-BR 5-BR
Hamilton House 110 108 2
Scattered Site Single
Family
37 17 17 3
Louisiana Court,
Metropolitan Housing
Opportunity (MHOP)
Units
12
12
Total (bedroom size) 108 14 17 17 3
Total Units 159
Housing Choice Voucher Program (HCV) – 50% AMI
The HA has an allocation of 381 Housing Choice Vouchers plus 25 Mainstream vouchers for a
total allocation of 406 vouchers from HUD. This rent assistance program provides rent subsidies
for low-income individuals and families in privately owned, existing market rate housing units.
The rent subsidy is paid directly to the owner of the rental property by the Housing Authority
(HA) with funds provided by HUD. The HA administers tenant-based, project-based and newly
awarded special program vouchers as noted below. 46 vouchers of the HA’s allocation are
designated for use in three privately owned developments (Vail Place, Wayside and Bickham
Court) and are referred to as project-based vouchers. The average income of voucher holder
households in St. Louis Park is $20, 256 which is below 30% AMI. HCV participants pay at least
30% of their income towards rent and can choose to pay up to 40%. Despite the number of HCV
units allocated to a Housing Authority by HUD, HAs are limited in the number of vouchers that
can be administered by the annual funding allocated by HUD.
Family Unification Vouchers (FUP)
The HA has an allocation of 27 FUP vouchers. FUP is a program in which Housing Choice
Vouchers (HCVs) are provided in order to lease decent, safe and sanitary housing in the private
housing market to:
Families for whom the lack of adequate housing is a primary factor in either: the
imminent placement of the family’s child(ren) in out of home care or the delay in the
discharge of the child(ren) to the family from out of home care. There is no time
limitation on family FUP vouchers, or
Youth who are at least 18 years and not more than 24 years old who: left foster care at
age 16 or older or will leave foster care within 90 days and are homeless or at risk of
homelessness. FUP vouchers used by youth were previously limited by statute to 36
months of housing assistance. The CARES Act has changed the limit to 60 months.
The HA is partnering with Hennepin County on this program. In 2025, 27 families were served
by the FUP program. 25 FUP vouchers were utilized as of Dec. 31, 2025.
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2025 Housing Activity Report
Foster Youth to Independence (FYI)
The Foster Youth to Independence (FYI) initiative allows Housing Authorities who partner with a
Public Child Welfare Agency (PCWA) to request targeted Housing Choice Vouchers (HCVs) to
serve eligible youth with a history of child welfare involvement that are homeless or at risk of
being homeless. Rental assistance and supportive services are provided to qualified youth for a
period of up to 36 months. As part of the Consolidated Appropriations Act in 2021 the Fostering
Stable Housing Opportunities (FSHO) amendment allows housing authorities to provide youth
with an extension up to 24 months if they meet one of the statutory requirements, this
extension allows the youth 60 months total on the FYI program. Statutory requirements include
one of the following: participation in a Family Self Sufficiency Program, or youth who are
required to care for a dependent child under age six or an incapacitated person, or are
participating in drug or alcohol treatment, or are enrolled in an institution of higher education,
or are participating in a job training program or are employed.
Hennepin County partners with the HA in the administration of the FYI program. The HA
administers the rental assistance vouchers for the participants, while the county is responsible
for engaging service agencies to provide the required support services. The regulations
overseeing the issuance and administration of the FYI rental vouchers are the same as those for
Housing Choice Vouchers (HCV) with the exception of the 36-month limit on assistance, with
extensions up to 24 months for eligible activities. HUD is the funding source for both the
housing assistance and the administration fees for the program, similar to the HCV program.
As of Dec. 31, 2025, housing authority has a total of 24 FYI vouchers and 24 of them are leased
up.
Mainstream
The HA has an allocation of 25 Mainstream vouchers. These Mainstream vouchers provide
vouchers to assist non-elderly persons with disabilities who are transitioning out of institutional
or other segregated settings, at serious risk of institutionalization, at serious risk of
homelessness or are experiencing homelessness. It was designed to further to the goals of the
Americans with Disabilities Act (ADA) by helping persons with disabilities live in the most
integrated setting. Families or individuals with a Mainstream voucher must have a household
member at least 18 years of age and less than 62 years of age with a disability at the time of
eligibility determination. In 2025, 25 mainstream vouchers were utilized.
Lou Park Apartments
Lou Park is an apartment complex in St. Louis Park owned and managed by Bigos Management.
Bigos notified tenants that in 2018 they would be completing a contract transfer of their 32
project-based units to another property. As of July 1, 2019, tenants were eligible to request to
move to the new property or remain at Lou Park using an enhanced voucher administered by
the St. Louis Park Housing Authority. This added 32 additional vouchers to the Housing
Authority’s allocation. Initially, 31 tenants chose to utilize the tenant protection voucher at Lou
Park. As of Dec. 31, 2025, 19 tenants remained at Lou Park and the remainder have chosen to
use their voucher to move to a different complex.
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2025 Housing Activity Report
Bickham Court
In 2024, the former owner, Perspectives, Inc. filed for Chapter 11 bankruptcy and was required
to sell the property as part of the bankruptcy proceedings. Trellis Co. purchased the five
buildings and maintained all affordable restrictions. Trellis partnered with Missions as their
provider of supportive services. Missions is a nonprofit organization who provides housing,
emergency shelter and supportive services to domestic abuse survivors and those seeking
recovery from substance use disorders.
In September 2024, Trellis named the property Bickham Court after George Bickham, a teacher
and mentor at Perspectives for 22 years. He passed away in January 2022 at the age of 46.
The St. Louis Park Housing Authority Board approved the assignment of the project-based
contract with Perspectives to Trellis in July 2024 for 22 project-based units and a 20-year
project-based contract extension at the September 2024 board meeting. Since taking over the
property in 2024, Trellis has made significant improvements to the property and has plans in
place for additional work in 2026 using over $8 million in funding awarded by Minnesota
Housing in late 2024.
Wayside
The Housing Authority (HA) has provided project-based vouchers (PBV) to Wayside House
properties located at 1341 and 1349 Jersey Avenue South since 2023. Wayside provides
supportive housing and programming for women in recovery. Wayside currently has 16 project-
based vouchers and they self-subsidize rents on four of their units.
Table 10: HCV Lease-Up Report
HCV (and special purpose voucher) Lease Up Report
as of December 31, 2025
Utilized
(leased and vouchers
issued)
Allocated
Housing Choice Voucher 252 250
Project Based Vouchers (PBV) 36 36
Family Unification Program (FUP) *including 7 project-
based vouchers 25
27
Lou Park (tenant protection vouchers) 19 19
Veterans Affairs Supportive Housing (VASH) 22 25
Foster Youth to Independence (FYI) 24 24
Mainstream *including 3 project-based vouchers 23 25
Total (99% utilized) 401 406
Port Ins 22 NA
Approximately 330 of the leased vouchers are leased up in St. Louis Park. The remaining
vouchers are leased in other communities through the portability option with the HCV program.
There are 22 “port ins” as shown in the chart above, which are voucher holders living in St.
Louis Park but their voucher belongs to a different Housing Authority.
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2025 Housing Activity Report
Stable HOME Rental Assistance Program – 50% AMI – federal/county funded
The Stable HOME program provides rent assistance to low-income singles and families who
were homeless or would otherwise be at risk of homelessness. Rent assistance is limited to
three years. During the three years, participants must establish good rental histories. They must
also work to improve their earnings enough to where they do not need rental assistance or find
a permanent subsidy program. The Stable Home program is administered by the Housing
Authority, but participants are free to choose a rental unit anywhere in Hennepin County
except Minneapolis. Participants are referred to the program by Hennepin County. This
program is funded with federal HOME funds allocated to the county. With a program size of 45
vouchers limited to three years of rental assistance, 57 families throughout suburban Hennepin
County were served by this program in 2025.
Kids in the Park Rent Assistance Program – 50% AMI – city funded
Kids in the Park provides rent assistance to households with school-age children for up to four
years. Participants receive a flat, monthly rental assistance subsidy that decreases annually over
the four-year period. Eligible households must have an income at or below 50% of the area
median income, a child attending school in St. Louis Park, one parent or guardian that works a
minimum of 28 hours per week, live in rental housing in St. Louis Park and comply with their
lease. Families with disabled and elderly heads of household do not need to comply with the
work requirement. The program was developed in partnership with the St. Louis Park
Emergency Program (STEP) and the St. Louis Park School District. The Kids in the Park program
began serving 9 families in December 2017. Funding was increased for 2018 to serve 14, 2019
served 17 families and in 2020 that number increased to 20 families. In 2023 funding was
increased so that 30 families were able to be served by Kids in the Park. The Kids in the Park
program was again fully utilized in 2025.
Bring It Home (BIH) – 30% AMI - state funded
Bring It Home (BIH) is a state program authorized by the legislature in 2023 to create rental
assistance opportunities for low-income families across Minnesota. Funded by state
appropriations and a metro sales tax for housing, the program provides grants to program
administrators who will administer the program as direct assistance for renter households. The
HA is a BIH program administrator. By statute, the HA must prioritize households with children
and household income up to 30% AMI. Minnesota Housing, the state agency responsible for
oversight of delivery of the BIH program across Minnesota, requested responses to a Request
For Proposals in February 2025.
In April 2025, the HA submitted a response to the RFP; for ease of administration, the HA
proposed a program that will closely mirror the HCV program, with several modifications
intended to create efficiency while continuing to provide high quality programming and service
to which the community is accustomed. The BIH program will give priority to families at 30%
AMI, with children aged 18 and younger in the household and a residency preference (lives,
works or goes to school in St. Louis Park). Additional preferences include: elderly, near elderly
or disabled, veterans’ preference and intent to lease in place. BIH vouchers awarded to the HA
can only be used in St. Louis Park.
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2025 Housing Activity Report
In August 2025, staff were notified that the BIH RFP was awarded $31,700 for program startup
costs, $1,199,664 for rental assistance and $147,292 in admin costs which will serve
approximately 52 families over two years. After completion of the due diligence process in
place by Minnesota Housing, a contract was executed Dec. 12, 2025 and staff began
implementation of the BIH program.
43
44
Agenda Item 7a. Claims list February 2026
45
46
47
48
49
50
51
52
53
54
Agenda Item 7a. Claims List March 2026
55
56
57
58
59
60
61
62
Agenda item 7b. Financials
December 2025
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 87,741 997,418
3114-00-000 Less: Concessions 0 -350
3119-00-000 Total Rental Income 87,741 997,068
3120-00-000 Other Tenant Income
3120-01-000 Laundry and Vending -70 5,348
3120-02-000 Cleaning Fee 300 3,531
3120-03-000 Damages 3,106 8,288
3120-04-000 Late Charges 250 2,424
3120-06-000 NSF Charges 0 240
3120-07-000 Tenant Owed Utilities 0 118
3120-09-000 Other Income - Laundry 1,793 5,195
3121-00-000 Tenant Payment Agreement (TPA) Rent -262 3,057
3121-01-000 Tenant Payment Agreement (TPA) Fraud 0 -1,092
3121-02-000 Tenant Payment Agreement (TPA) Other -2,048 5,956
3129-00-000 Total Other Tenant Income 3,069 33,065
3199-00-000 TOTAL TENANT INCOME 90,810 1,030,133
3400-00-000 GRANT INCOME
3401-00-000 HUD PHA Operating Grants/Subsidy 28,981 348,374
3499-00-000 TOTAL GRANT INCOME 28,981 348,374
3600-00-000 OTHER INCOME
3610-00-000 Investment Income - Unrestricted -11,819 500
3640-00-000 Fraud Recovery 0 2,016
3699-00-000 TOTAL OTHER INCOME -11,819 2,516
3999-00-000 TOTAL INCOME 107,973 1,381,023
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 14,114 283,689
4110-04-000 Employee Benefit Contribution-Admin -5,241 83,203
4110-99-000 Total Administrative Salaries 8,874 366,892
4130-00-000 Legal Expense
Low Income Public Housing (.ph)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 3
㘳
Period to Date Year to Date
Low Income Public Housing (.ph)
Income Statement
Period = Dec 2025
Book = Accrual
4130-04-000 General Legal Expense 4,505 5,615
4131-00-000 Total Legal Expense 4,505 5,615
4139-00-000 Other Admin Expenses
4140-00-000 Staff Training 0 5,662
4150-00-000 Travel 674 707
4170-00-000 Accounting Fees 675 8,898
4171-00-000 Auditing Fees 0 14,700
4180-00-000 Office Rent 1,875 7,500
4189-00-000 Total Other Admin Expenses 3,224 37,466
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 3,182 16,147
4190-12-000 Software 0 7,561
4190-22-000 Other Misc Admin Expenses 3,267 17,917
4191-00-000 Total Miscellaneous Admin Expenses 15,323 408,970
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 23,052 452,051
4300-00-000 UTILITY EXPENSES
4310-00-000 Water 2,088 37,277
4320-00-000 Electricity 3,576 62,297
4330-00-000 Gas 3,122 31,218
4340-00-000 Garbage/Trash Removal 6,008 71,644
4390-00-000 Sewer 3,049 63,255
4399-00-000 TOTAL UTILITY EXPENSES 17,844 265,690
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4400-99-000 General Maint Expense
4410-00-000 Maintenance Salaries -3,399 133,587
4410-05-000 Employee Benefit Contribution-Maint.3,755 52,028
4419-00-000 Total General Maint Expense 355 185,616
4420-00-000 Materials
4420-01-000 Maintenance Materials 4,059 36,513
4420-02-000 Supplies-Appliance 1,394 12,220
4429-00-000 Total Materials 5,453 48,732
4430-00-000 Contract Costs
4430-06-000 Contract-Electrical 0 16,478
4430-07-000 Contract-Pest Control 1,436 17,602
4430-09-000 Contract-Grounds 7,343 17,145
4430-10-000 Contract-Janitorial/Cleaning 2,500 36,300
4430-11-000 Contract-Plumbing 8,447 33,431
4430-13-000 Contract-HVAC 1,886 9,876
Page 2 of 3
㘴
Period to Date Year to Date
Low Income Public Housing (.ph)
Income Statement
Period = Dec 2025
Book = Accrual
4430-17-000 Contract-Elevator Monitoring 286 5,915
4430-18-000 Contract-Snow Removal Contract Cost 2,780 5,180
4430-19-000 Unit Turnaround Contract Cost 575 18,183
4430-99-000 Contract Costs-Other 16,735 45,361
4439-00-000 Total Contract Costs 41,988 205,470
4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 47,796 439,819
4500-00-000 GENERAL EXPENSES
4510-00-000 Insurance 1,017 6,853
4510-10-000 Property Insurance 454 36,040
4510-20-000 Liability Insurance 277 3,325
4520-00-000 Payments in Lieu of Taxes 3,495 36,586
4570-00-000 Bad Debt-Tenant Rents 0 -237
4570-01-000 Bad Debt-Other 10,295 10,295
4590-00-000 Other General Expense 7,076 27,377
4599-00-000 TOTAL GENERAL EXPENSES 22,614 120,240
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-01-000 Tenant Utility Payments-Voucher 0 292
4715-01-001 Tenant Utility Payments-Public Housing 338 1,877
4715-06-000 FSS Escrow Payments 2,084 18,225
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 2,422 20,394
5000-00-000 NON-OPERATING ITEMS
5100-01-000 Depreciation -Buildings 79,126 374,276
5999-00-000 TOTAL NON-OPERATING ITEMS 79,126 374,276
8000-00-000 TOTAL EXPENSES 192,854 1,672,471
9000-00-000 NET INCOME -84,881 -291,448
Page 3 of 3
㘵
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 1 742,985
1111-90-000 Petty Cash 100
1111-99-000 Total Unrestricted Cash 743,085
1112-00-000 Restricted Cash
1112-02-000 Cash Restricted-FSS Escrow 38,973
1112-99-000 Total Restricted Cash 38,973
1119-00-000 TOTAL CASH 782,058
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1122-00-000 A/R -Tenants 32,720
1122-01-000 Allowance for Doubtful Accounts-Tenants -7,996
1122-02-000 A/R - Tenant Payment Agreement (TPA)13,195
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 37,919
1160-00-000 OTHER CURRENT ASSETS
1162-00-000 Investments-Unrestricted 342,303
1211-00-000 Prepaid Expenses and Other Assets 78,164
1299-00-000 TOTAL OTHER CURRENT ASSETS 420,468
1300-00-000 TOTAL CURRENT ASSETS 1,240,445
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 11,219,192
1405-01-000 Accum Depreciation-Buildings -13,303,505
1410-00-000 SBITA Asset 32,684
1420-00-000 TOTAL FIXED ASSETS 2,982,415
1499-00-000 TOTAL NONCURRENT ASSETS 2,982,415
1999-00-000 TOTAL ASSETS 4,222,859
2000-00-000 LIABILITIES & EQUITY
Low Income Public Housing (.ph)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 2
㘶
Current Balance
Low Income Public Housing (.ph)
Balance Sheet
Period = Dec 2025
Book = Accrual
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors 27,852
2114-00-000 Tenant Security Deposits 43,927
2114-02-000 Security Deposit Clearing Account 374
2116-00-000 A/P-HUD 12,865
2135-00-000 Accrued Payroll & Payroll Taxes 112,140
2137-00-000 Accrued PILOT 36,586
2145-00-000 Interprogram-Due To 1,112
2240-00-000 Tenant Prepaid Rents 16,658
2260-00-000 Accrued Compensated Absences-Current 65,863
2299-00-000 TOTAL CURRENT LIABILITIES 317,378
2300-00-000 NONCURRENT LIABILITIES:
2305-00-000 Accrued Compensated Absences-LT 10,484
2307-00-000 FSS Escrow 41,057
2310-00-000 Notes Payable - LT 255,002
2360-00-000 SBITA Liability 30,184
2399-00-000 TOTAL NONCURRENT LIABILITIES 336,727
2499-00-000 TOTAL LIABILITIES 654,105
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-01-000 Invested in Capital Assets-Net of Debt 3,042,173
2809-02-000 Retained Earnings-Unrestricted Net Assets 526,581
2809-99-000 TOTAL RETAINED EARNINGS:3,568,754
2899-00-000 TOTAL EQUITY 3,568,754
2999-00-000 TOTAL LIABILITIES AND EQUITY 4,222,859
Page 2 of 2
㘷
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 -3,210
3121-02-000 Tenant Payment Agreement (TPA) Other 0 1,648
3129-00-000 Total Other Tenant Income -87 -1,562
3199-00-000 TOTAL TENANT INCOME -87 -1,562
3400-00-000 GRANT INCOME
3410-01-000 Section 8 HAP Earned 481,832 4,467,956
3410-02-000 Section 8 Admin. Fee Income 36,966 498,595
3410-04-000 Port-In Admin Fees Earned 1,728 19,258
3410-06-000 Port In HAP Earned 26,032 283,905
3499-00-000 TOTAL GRANT INCOME 546,558 5,269,714
3600-00-000 OTHER INCOME
3610-00-000 Investment Income - Unrestricted 204 2,632
3640-00-000 Fraud Recovery 87 7,998
3699-00-000 TOTAL OTHER INCOME 291 10,630
3999-00-000 TOTAL INCOME 546,762 5,278,782
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 8,908 175,214
4110-04-000 Employee Benefit Contribution-Admin 1,189 60,648
4110-99-000 Total Administrative Salaries 10,097 235,863
4130-00-000 Legal Expense
4130-04-000 General Legal Expense 585 789
4131-00-000 Total Legal Expense 585 789
4139-00-000 Other Admin Expenses
4140-00-000 Staff Training 0 9,101
4150-00-000 Travel 2,091 2,107
4170-00-000 Accounting Fees 610 8,488
4171-00-000 Auditing Fees 0 17,950
4172-00-000 Port Out Admin Fee Paid 5,337 66,191
4180-00-000 Office Rent 1,875 7,500
HCV not including MS5 (.hcv-fin)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 2
㘸
Period to Date Year to Date
HCV not including MS5 (.hcv-fin)
Income Statement
Period = Dec 2025
Book = Accrual
4189-00-000 Total Other Admin Expenses 9,913 111,337
4190-00-000 Miscellaneous Admin Expenses
4190-01-000 Membership and Fees 0 263
4190-04-000 Office Supplies 0 266
4190-07-000 Telephone 1,156 4,618
4190-12-000 Software 0 16,183
4190-22-000 Other Misc Admin Expenses 2,192 20,019
4191-00-000 Total Miscellaneous Admin Expenses 13,445 277,211
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 23,942 389,337
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4430-00-000 Contract Costs
4430-99-000 Contract Costs-Other 2,535 4,225
4439-00-000 Total Contract Costs 2,535 4,225
4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 2,535 4,225
4500-00-000 GENERAL EXPENSES
4585-00-000 Port-In HAP Expense 283,905 283,905
4590-00-000 Other General Expense 12,057 12,057
4599-00-000 TOTAL GENERAL EXPENSES 295,962 295,962
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 42,028 3,421,140
4715-01-000 Tenant Utility Payments-Voucher 940 11,677
4715-02-000 Port Out HAP Payments 99,816 1,004,949
4715-04-000 Port-Out Other Expense 0 73
4715-06-000 FSS Escrow Payments 3,720 33,335
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 146,504 4,471,174
8000-00-000 TOTAL EXPENSES 468,943 5,160,698
9000-00-000 NET INCOME 77,819 118,084
Page 2 of 2
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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 1 351,181
1111-99-000 Total Unrestricted Cash 351,181
1112-00-000 Restricted Cash
1112-02-000 Cash Restricted-FSS Escrow 70,795
1112-03-000 Cash Restricted-HAP 0
1112-99-000 Total Restricted Cash 70,795
1119-00-000 TOTAL CASH 421,976
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1122-00-000 A/R -Tenants 3,840
1122-02-000 A/R - Tenant Payment Agreement (TPA)686
1125-00-000 A/R - HUD 107,689
1130-00-000 A/R Port Ins 19,180
1131-00-000 A/R Port In Suspense -188
1135-02-000 A/R -PHA Projects 3,830
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 135,037
1160-00-000 OTHER CURRENT ASSETS
1162-00-000 Investments-Unrestricted 65,416
1211-00-000 Prepaid Expenses and Other Assets 270
1299-00-000 TOTAL OTHER CURRENT ASSETS 65,687
1300-00-000 TOTAL CURRENT ASSETS 622,700
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 698,573
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
HCV not including MS5 (.hcv-fin)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 2
㜰
Current Balance
HCV not including MS5 (.hcv-fin)
Balance Sheet
Period = Dec 2025
Book = Accrual
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors 494
2116-01-000 A/P-PHA Projects 1,559
2135-00-000 Accrued Payroll & Payroll Taxes 53,243
2240-00-000 Tenant Prepaid Rents 126
2260-00-000 Accrued Compensated Absences-Current 9,216
2299-00-000 TOTAL CURRENT LIABILITIES 64,638
2300-00-000 NONCURRENT LIABILITIES:
2305-00-000 Accrued Compensated Absences-LT 1,467
2307-00-000 FSS Escrow 74,515
2360-00-000 SBITA Liability 70,069
2399-00-000 TOTAL NONCURRENT LIABILITIES 146,050
2499-00-000 TOTAL LIABILITIES 210,688
2800-00-000 EQUITY
2807-00-000 RESERVED FUND BALANCE
2807-01-000 Reserved for Operating Activities 77,690
2807-02-000 Reserved for Capital Activities -77,690
2808-00-000 TOTAL RESERVED FUND BALANCE 0
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 487,885
2809-99-000 TOTAL RETAINED EARNINGS:487,885
2899-00-000 TOTAL EQUITY 487,885
2999-00-000 TOTAL LIABILITIES AND EQUITY 698,573
Page 2 of 2
㜱
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 29,716 256,039
3410-02-000 Section 8 Admin. Fee Income 2,229 23,628
3499-00-000 TOTAL GRANT INCOME 31,945 279,667
3999-00-000 TOTAL INCOME 31,945 279,667
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 419 8,889
4110-04-000 Employee Benefit Contribution-Admin 51 3,376
4110-99-000 Total Administrative Salaries 470 12,265
4139-00-000 Other Admin Expenses
4172-00-000 Port Out Admin Fee Paid 662 6,048
4189-00-000 Total Other Admin Expenses 662 6,048
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 470 13,410
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 1,132 19,457
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 13,279 172,036
4715-01-000 Tenant Utility Payments-Voucher 0 2
4715-02-000 Port Out HAP Payments 10,380 84,001
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 23,659 256,039
8000-00-000 TOTAL EXPENSES 24,791 275,496
9000-00-000 NET INCOME 7,154 4,171
Mainstream 5 (ms5)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 1
㜲
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 2,344
1111-99-000 Total Unrestricted Cash 2,344
1119-00-000 TOTAL CASH 2,344
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1125-00-000 A/R - HUD 15,992
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 15,992
1300-00-000 TOTAL CURRENT ASSETS 18,336
1400-00-000 NONCURRENT ASSETS:
1999-00-000 TOTAL ASSETS 18,336
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors -1,929
2135-00-000 Accrued Payroll & Payroll Taxes 4,854
2299-00-000 TOTAL CURRENT LIABILITIES 2,925
2499-00-000 TOTAL LIABILITIES 2,925
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 15,411
2809-99-000 TOTAL RETAINED EARNINGS:15,411
2899-00-000 TOTAL EQUITY 15,411
2999-00-000 TOTAL LIABILITIES AND EQUITY 18,336
Mainstream 5 (ms5)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 1
㜳
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 10,490 62,937
3499-00-000 TOTAL GRANT INCOME 10,490 62,937
3999-00-000 TOTAL INCOME 10,490 62,937
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4190-00-000 Miscellaneous Admin Expenses
4190-23-000 Sundry Exp - STEP 10,490 62,937
4191-00-000 Total Miscellaneous Admin Expenses 10,490 62,937
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 10,490 62,937
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
8000-00-000 TOTAL EXPENSES 10,490 62,937
9000-00-000 NET INCOME 0 0
(fssgrant)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 1
㜴
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 = Dec 2025
Book = Accrual
Page 1 of 1
㜵
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 15,125 86,042
3499-00-000 TOTAL GRANT INCOME 15,125 86,042
3999-00-000 TOTAL INCOME 15,125 86,042
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4190-00-000 Miscellaneous Admin Expenses
4190-22-000 Other Misc Admin Expenses 520 4,923
4191-00-000 Total Miscellaneous Admin Expenses 520 4,923
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 520 4,923
4200-00-000 TENANT SERVICES
4210-02-000 Project Coordinator 14,606 81,119
4299-00-000 TOTAL TENANT SERVICES EXPENSES 14,606 81,119
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
8000-00-000 TOTAL EXPENSES 15,125 86,042
9000-00-000 NET INCOME 0 0
(rosssvc)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 1
㜶
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1125-00-000 A/R - HUD 7,562
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 7,562
1300-00-000 TOTAL CURRENT ASSETS 7,562
1400-00-000 NONCURRENT ASSETS:
1999-00-000 TOTAL ASSETS 7,562
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2145-00-000 Interprogram-Due To 7,562
2299-00-000 TOTAL CURRENT LIABILITIES 7,562
2499-00-000 TOTAL LIABILITIES 7,562
2800-00-000 EQUITY
2999-00-000 TOTAL LIABILITIES AND EQUITY 7,562
(rosssvc)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 1
㜷
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 0 972
3129-00-000 Total Other Tenant Income 0 972
3199-00-000 TOTAL TENANT INCOME 0 972
3400-00-000 GRANT INCOME
3422-00-000 Hennepin County Rev 46,427 531,967
3423-00-000 Hennepin County Admin Rev 3,865 49,824
3499-00-000 TOTAL GRANT INCOME 50,292 581,791
3999-00-000 TOTAL INCOME 50,292 582,763
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 1,279 31,602
4110-04-000 Employee Benefit Contribution-Admin 136 11,536
4110-99-000 Total Administrative Salaries 1,416 43,138
4130-00-000 Legal Expense
4130-04-000 General Legal Expense 0 222
4131-00-000 Total Legal Expense 0 222
4139-00-000 Other Admin Expenses
4140-00-000 Staff Training 0 46
4170-00-000 Accounting Fees 160 2,075
4189-00-000 Total Other Admin Expenses 160 2,121
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 1,416 45,426
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 1,576 47,770
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 44,511 528,798
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 44,511 528,798
Stable Home (stablehm)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 2
㜸
Period to Date Year to Date
Stable Home (stablehm)
Income Statement
Period = Dec 2025
Book = Accrual
8000-00-000 TOTAL EXPENSES 46,087 576,568
9000-00-000 NET INCOME 4,206 6,195
Page 2 of 2
㜹
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 98,141
1111-99-000 Total Unrestricted Cash 98,141
1119-00-000 TOTAL CASH 98,141
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1122-02-000 A/R - Tenant Payment Agreement (TPA)3,464
1129-00-000 A/R -Other 71,779
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 75,243
1300-00-000 TOTAL CURRENT ASSETS 173,384
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 178,053
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors -2,721
2135-00-000 Accrued Payroll & Payroll Taxes 9,753
2145-00-000 Interprogram-Due To 134,357
2260-00-000 Accrued Compensated Absences-Current 1,524
2299-00-000 TOTAL CURRENT LIABILITIES 142,913
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 147,467
Stable Home (stablehm)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 2
㠰
Current Balance
Stable Home (stablehm)
Balance Sheet
Period = Dec 2025
Book = Accrual
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 30,586
2809-99-000 TOTAL RETAINED EARNINGS:30,586
2899-00-000 TOTAL EQUITY 30,586
2999-00-000 TOTAL LIABILITIES AND EQUITY 178,053
Page 2 of 2
㠱
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 18,462 223,486
3119-00-000 Total Rental Income 18,462 223,486
3199-00-000 TOTAL TENANT INCOME 18,462 223,486
3400-00-000 GRANT INCOME
3425-00-000 Admin Fee Revenue 1,650 19,900
3426-00-000 Admin Fee Revenue- to STEP 1,500 18,080
3499-00-000 TOTAL GRANT INCOME 3,150 37,980
3999-00-000 TOTAL INCOME 21,612 261,466
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 454 11,257
4110-04-000 Employee Benefit Contribution-Admin 58 4,156
4110-99-000 Total Administrative Salaries 512 15,413
4139-00-000 Other Admin Expenses
4140-00-000 Staff Training 0 46
4170-00-000 Accounting Fees 160 2,075
4189-00-000 Total Other Admin Expenses 160 2,121
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 4,500 17,950
4191-00-000 Total Miscellaneous Admin Expenses 5,012 34,782
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 5,172 36,903
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 16,347 221,371
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 16,347 221,371
8000-00-000 TOTAL EXPENSES 21,519 258,274
Kids in the Park (kidspark)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 2
㠲
Period to Date Year to Date
Kids in the Park (kidspark)
Income Statement
Period = Dec 2025
Book = Accrual
9000-00-000 NET INCOME 93 3,192
Page 2 of 2
㠳
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 20,155
1111-99-000 Total Unrestricted Cash 20,155
1119-00-000 TOTAL CASH 20,155
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1129-00-000 A/R -Other 44,306
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 44,306
1300-00-000 TOTAL CURRENT ASSETS 64,461
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 67,963
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2135-00-000 Accrued Payroll & Payroll Taxes 3,528
2145-00-000 Interprogram-Due To 44,342
2260-00-000 Accrued Compensated Absences-Current 571
2299-00-000 TOTAL CURRENT LIABILITIES 48,440
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 51,765
2800-00-000 EQUITY
Kids in the Park (kidspark)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 2
㠴
Current Balance
Kids in the Park (kidspark)
Balance Sheet
Period = Dec 2025
Book = Accrual
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 16,198
2809-99-000 TOTAL RETAINED EARNINGS:16,198
2899-00-000 TOTAL EQUITY 16,198
2999-00-000 TOTAL LIABILITIES AND EQUITY 67,963
Page 2 of 2
㠵
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 898 13,481
3611-00-000 Investment Income - Restricted 43 548
3699-00-000 TOTAL OTHER INCOME 940 14,030
3999-00-000 TOTAL INCOME 940 14,030
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4139-00-000 Other Admin Expenses
4170-00-000 Accounting Fees 170 1,860
4189-00-000 Total Other Admin Expenses 170 1,860
4190-00-000 Miscellaneous Admin Expenses
4190-20-000 Bank Fees 161 1,663
4191-00-000 Total Miscellaneous Admin Expenses 161 1,663
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 331 3,523
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
8000-00-000 TOTAL EXPENSES 331 3,523
9000-00-000 NET INCOME 609 10,507
General Fund Cocc - interco (cocc)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 1
㠶
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 1 202,304
1111-99-000 Total Unrestricted Cash 202,304
1119-00-000 TOTAL CASH 202,304
1160-00-000 OTHER CURRENT ASSETS
1162-00-000 Investments-Unrestricted 286,900
1162-10-000 Investments-Restricted 13,625
1295-00-000 Interprogram-Due From 187,373
1299-00-000 TOTAL OTHER CURRENT ASSETS 487,899
1300-00-000 TOTAL CURRENT ASSETS 690,203
1400-00-000 NONCURRENT ASSETS:
1999-00-000 TOTAL ASSETS 690,203
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 13,625
2808-00-000 TOTAL RESERVED FUND BALANCE 13,625
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 676,578
2809-99-000 TOTAL RETAINED EARNINGS:676,578
2899-00-000 TOTAL EQUITY 690,203
2999-00-000 TOTAL LIABILITIES AND EQUITY 690,203
General Fund Cocc - interco (cocc)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 1
㠷
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 21,640 145,668
3499-00-000 TOTAL GRANT INCOME 21,640 145,668
3999-00-000 TOTAL INCOME 21,640 145,668
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
9000-00-000 NET INCOME 21,640 145,668
(cfp2024)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 1
㠸
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1125-00-000 A/R - HUD 2,140
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 2,140
1300-00-000 TOTAL CURRENT ASSETS 2,140
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1400-10-000 Site Improvement 358,215
1420-00-000 TOTAL FIXED ASSETS 358,215
1499-00-000 TOTAL NONCURRENT ASSETS 358,215
1999-00-000 TOTAL ASSETS 360,355
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors 2,140
2299-00-000 TOTAL CURRENT LIABILITIES 2,140
2499-00-000 TOTAL LIABILITIES 2,140
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 358,215
2809-99-000 TOTAL RETAINED EARNINGS:358,215
2899-00-000 TOTAL EQUITY 358,215
2999-00-000 TOTAL LIABILITIES AND EQUITY 360,355
(cfp2024)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 1
㠹
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 36,030 65,920
3499-00-000 TOTAL GRANT INCOME 36,030 65,920
3999-00-000 TOTAL INCOME 36,030 65,920
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
9000-00-000 NET INCOME 36,030 65,920
(cfp2025)
Income Statement
Period = Dec 2025
Book = Accrual
Page 1 of 1
㤰
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1125-00-000 A/R - HUD 36,030
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 36,030
1300-00-000 TOTAL CURRENT ASSETS 36,030
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1400-10-000 Site Improvement 36,030
1420-00-000 TOTAL FIXED ASSETS 36,030
1499-00-000 TOTAL NONCURRENT ASSETS 36,030
1999-00-000 TOTAL ASSETS 72,060
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors 36,030
2145-00-000 Interprogram-Due To -29,890
2299-00-000 TOTAL CURRENT LIABILITIES 6,140
2499-00-000 TOTAL LIABILITIES 6,140
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 65,920
2809-99-000 TOTAL RETAINED EARNINGS:65,920
2899-00-000 TOTAL EQUITY 65,920
2999-00-000 TOTAL LIABILITIES AND EQUITY 72,060
(cfp2025)
Balance Sheet
Period = Dec 2025
Book = Accrual
Page 1 of 1
㤱