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Home My WebLink About2025/05/14 - ADMIN - Agenda Packets - Housing Authority - Regular Housing Authority of St. Louis Park Meeting date: May 14, 2025 Housing Authority, St. Louis Park, Minnesota Wednesday, May 14, 2025 5 p.m. Community Room, first floor Agenda 1.Call to order - roll call 2.Approval of Minutes for April 2025 3.Hearings: a.2025 – 2029 Capital Fund five Year Action Plan Resolution No. 775 4.Presentation a.None 5.Unfinished Business a.None 6.New Business a.Project Based Voucher (PBV) request for Beltline Development b.Approve amendments to the Housing Choice Voucher Admin Plan, Resolution No. 776 c.Authorization to enter into an agreement with Vail Place for Service Coordination d.2024 Housing Activity Report e.Letter of board support for federally funded housing programs discussion 7.Communications a.Claims Lists: April 2025 b.Financials: January 2025 c.Communications: 8.Other: Next meeting is June 11, 2025 9.Adjournment Auxiliary Aides for those with disabilities are available upon request. To make arrangements please call the Housing Authority office at 952-924-2579 (TDD 952-924-2668) at least 96 hours in advance of meeting. 1 2 unofficial minutes Housing Authority meeting St. Louis Park, Minnesota April 9, 2025 1. Call to order: The meeting was called to order at 5:04 p.m. Roll call: Members present: Reynold Burrowes, Catherine Courtney, Thom Miller, and Jolene Tanner Members absent: Shelby Conway Staff present: Marney Olson, Nicole Randall, and Angela Nelson 2. Approval of Minutes – Minutes for the February 2025 board meeting were reviewed. Commissioner Tanner noted that “Commission” should be “Commissioner” in item 6 b. It was moved by Commissioner Tanner, seconded by Commissioner Burrowes, to approve February 2025 minutes as presented. Motion passed 4-0. 3. Hearings – None. 4. Presentation – None. 5. Unfinished Business – None 6. New Business a. Bring it Home discussion Ms. Randall presented the program design to be submitted in an application to Minnesota Housing for the Bring it Home rental assistance request for proposals. In addition to program designs and preferences previously supported by the board, the board discussed additional language to preserve eligibility for non-citizen applicants and preference for lease in place. Commissioners agreed with the program design. b. Approve amendments to the Housing Authority Admissions and Continued Occupancy Policy (ACOP), Resolution No. 772. Ms. Olson presented amendments to the Housing Authority’s ACOP plan for the public housing program to be in compliance with HUD rules and regulations, specifically pre- and post-HOTMA 102/104 requirements. It was moved by Commissioner Courtney, seconded by Commissioner Burrowes, to approve Resolution No. 772 amending the Housing Authority’s ACOP. Motion passed 4-0. c. Recognition of service – Richard Webb, Resolution No. 773 3 d. Recognition of service – Paul Beck, Resolution No. 774 It was moved by Commissioner Burrowes, seconded by Commissioner Tanner to approve Resolution Nos. 773 and 774. Motion passed 4-0. 7. Communications 8. Other 9. Adjournment It was moved by Commissioner Burrowes, seconded by Commissioner Conway, to adjourn the meeting. Motion passed 4-0. The meeting was adjourned at 5:56 p.m. Respectfully submitted, ________________________ Reynold Burrowes, Secretary 4 Housing Authority of St. Louis Park Meeting date: May 14, 2025 Agenda item: 3a Title: Housing Authority 2025 – 2029 Capital Fund Five Year Action Plan Resolution No. 775 Recommended action: Staff recommends the board open the public hearing, accept comments, and then close the public hearing. Motion to adopt Resolution No. 775 approving revisions to the Capital Fund Five Year Action Plan. Policy consideration: Does the board approve the Housing Authority’s Capital Fund Five Year Action Plan? Summary: The Housing Authority (HA) is required to hold a public hearing and pass a resolution approving the HA’s 5-Year CFP Action Plan. The HA published a public hearing notice that the HA has updated the Capital Fund Five Year Action Plan and held a Resident Advisory Committee meeting for resident comments. The HA previously used a five-year CFP rolling plan and updated the five-year plan annually. HUD encourages HAs to consider a fixed plan and the HA included funds for a physical needs assessment (PNA) in the 2024 CFP to help guide this five-year CFP. Our HUD rep previously required specific addresses and projects for the CFP; however, new direction indicates that having work items such as roofing, windows, siding, flooring etc. without a specific address would be approved. Staff utilized the recently completed PNA at Hamilton House, recent inspections and commonly needed capital improvements to create the fixed CFP plan for 2025 - 2029. As part of the CFP process, the HA must submit a written statement to HUD defining the criteria the HA will use for determining a significant amendment or modification to the CFP 5-Year Action Plan. The HA can establish criteria and HUD requires certain criteria. HUD provided feedback on the HA’s significant amendment statement in 2023. HA significant amendment statement: The St. Louis Park Housing Authority considers the following changes to the Capital Fund Program 5 Year Action Plan to require a public process before adopting the changes and these items are “significant amendments or modifications” to the Capital Fund 5 Year Action Plan: • Changes to or addition of a project or work items that result in construction activity which limits use of common areas for more than 7 days. • Addition of projects that interrupt utility services such as water, sewer, electricity, heating, and elevator service for more than 24 consecutive hours. • Addition of projects that are loud and disruptive for more than 7 days. • Addition of projects that may have possible exposure to harmful substances such as lead, asbestos, chemical fumes or other noxious odors. • Any addition to the Capital Fund Program of a project that requires a sealed bid per the HA’s procurement policy. 5 Housing Authority meeting of May 14, 2025 (Item No. 3a) Page 2 Title: Housing Authority 2025 – 2029 Capital Fund Five Year Action Plan Resolution No. 775 In addition to the criteria established by the HA, a proposed demolition, disposition, homeownership, CFP proposal, development or mixed finance proposal is considered by HUD to be significant amendments to the CFP 5-year Action Plan. Attached is the 2025-2029 Capital Fund Program Five Year Action Plan for capital improvements at Hamilton House and the scattered site units. Staff will review the plan and answer any questions at the board meeting. The Resident Advisory Committee met March 27, 2025. Staff reviewed the CFP plan with residents. Two residents attended the meeting and there were no questions related to the CFP. No additional resident comments were received by the HA. Supporting documents: Resolution No. 775 2025 – 2029 Capital Fund Program Five Year Action Plan Prepared by: Oi Mattison, public housing manager Reviewed by: Marney Olson, housing manager 6 Housing Authority meeting of May 14, 2025 (Item No. 3a) Page 3 Title: Housing Authority 2025 – 2029 Capital Fund Five Year Action Plan Resolution No. 775 RESOLUTION NO. 775 RESOLUTION APPROVING THE 2025 - 2029 CAPITAL FUND PROGRAM FIVE YEAR ACTION PLAN WHEREAS, HUD requires PHAs to have on file a copy of a board resolution approving the Housing Authority’s Five Year CFP Action Plan; and WHEREAS, the HA held a public hearing to accept comments on the Five Year Action Plan; and WHEREAS, HA staff evaluate the capital improvement needs of the public housing properties in order to ensure our properties are safe and well maintained; and WHEREAS, the Housing Authority will submit the 2025 - 2029 Capital Fund Program Five Year Action Plan to HUD; NOW THEREFORE BE IT RESOLVED, that the 2025 - 2029 Capital Fund Program Five Year Action Plan is hereby approved. Adopted by the Housing Authority May 14, 2025 Thom Miller, Chair Reynold Burrowes, Secretary ATTEST: Karen Barton, Executive Director 7 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart I: SummaryPHA Name :Locality (City/County & State)Original 5-Year PlanRevised 5-Year Plan (Revision No: )HOUSING AUTHORITY OF ST LOUIS PARK,MINNESOTAX2577-027402/28/2022PHA Number:MN144Status:Approval Date:Approved By:DraftA.Development Number and NameWork Statement for Work Statement for Work Statement for Work Statement for Work Statement for20252026202720282029Year 5Year 4Year 3Year 2Year 1LOUISIANA COURT (MN144000001)$361,715.00$361,715.00$361,715.00$361,715.00$361,715.00Form HUD-50075.2(4/2008)8 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)12577-027402/28/2022Work Statement for Year2025Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierLOUISIANA COURT (MN144000001)$361,715.00Air conditioners(Dwelling Unit-Interior (1480)-Mechanical)$60,000.00ID0000262New air conditioners for individual units. Some air conditioners will fit into anexisting sleeve. Other ACs will also include adding a sleeve to the unit, addingcentral AC or alternative AC option. Additional remediation as necessary. Energyefficiency will be considered in purchasing the ACs.Tree Trimming(Dwelling Unit-Site Work (1480)-Other)$15,000.00ID0000263Tree Trimming at sites as needed.Operating budget(Operations (1406))$50,000.00ID0000265Insurance, routine maintenance, office supplies, security, utilities, furnishings,equipment supplies, staff training and recruitment and other incidental costs.Architect (Contract Administration (1480)-Other)$10,000.00ID0000289Architecture design project management servicesExcessive Tenant Damage(Dwelling Unit-Interior (1480)-Appliances,Dwelling Unit-Interior (1480)-Bathroom Counters and Sinks,Dwelling Unit-Interior (1480)-Bathroom Flooring (noncyclical),Dwelling Unit-Interior (1480)-Commodes,Dwelling Unit-Interior (1480)-Electrical,DwellingUnit-Interior (1480)-Flooring (non routine),Dwelling Unit-Interior (1480)-Interior Doors,DwellingUnit-Interior (1480)-Interior Painting (non routine),Dwelling Unit-Interior (1480)-KitchenCabinets,Dwelling Unit-Interior (1480)-Kitchen Sinks and Faucets,Dwelling Unit-Interior (1480)-Mechanical,Dwelling Unit-Interior (1480)-Other,Dwelling Unit-Interior (1480)-Plumbing,DwellingUnit-Interior (1480)-Tubs and Showers)$20,625.00ID0000290Repair excessive tenant damage - any PH unit as needed. Repair walls, ceilings,floors, doors, plumbing ¿ tub, sink, faucets, showerheads, cabinets, mirror,faucets, electrical outlets, wiring, switch plates, appliances, smoke detectors. Willdo appropriate remediation if necessary for lead or asbestos.Form HUD-50075.2(4/2008)9 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)12577-027402/28/2022Work Statement for Year2025Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierRadon testing and mitigation(Dwelling Unit-Interior (1480)-Other)$56,090.00ID0000297Test for radon at properties. Complete mitigation as needed.Snow tractor(Non-Dwelling Equipment-Expendable/Non-Expendable (1480)-Other)$25,000.00ID0000298Snow tractor for Hamilton House use.Electrical Work(Dwelling Unit-Interior (1480)-Electrical,Non-Dwelling Interior (1480)-Electrical)$20,000.00ID0000323Update electric panels and replace existing outlets with GFCI outlets. Will doappropriate remediation if necessary for lead or asbestos.Fire Doors(Non-Dwelling Interior (1480)-Doors,Dwelling Unit-Interior (1480)-Interior Doors)$100,000.00ID0000324Replace fire doors in common areas and unit entry. Will do remediation ifnecessary for lead or asbestos. Replace existing flooring (Dwelling Unit-Interior (1480)-Flooring (non routine))$5,000.00ID0000333Replace existing flooring in scattered sites including Kilmer and additional SFhomes. Will do appropriate remediation if necessary for lead or asbestos.Subtotal of Estimated Cost$361,715.00Form HUD-50075.2(4/2008)10 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)22577-027402/28/2022Work Statement for Year2026Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierLOUISIANA COURT (MN144000001)$361,715.00Window Replacement (Dwelling Unit-Exterior (1480)-Windows)$138,000.00ID0000250Remove existing windows at scattered site properties, dispose of properly andreplace all windows with energy efficient windows of the same size. Framing andtrim will be reused when possible and replaced if needed. Will do appropriateremediation if necessary for lead or asbestos.Furnace Replacement (Dwelling Unit-Interior (1480)-Mechanical)$20,000.00ID0000254Remove existing furnace and dispose of properly at 2612 Yosemite additional SF.Replace furnace with energy efficient furnace. Includes any retrofitting necessaryfor installation of new furnaces. Will do appropriate remediation if necessary forlead or asbestos.Security cameras - HH(Non-Dwelling Interior (1480)-Other)$12,000.00ID0000261Add additional security cameras to existing security system. No remediationneeded for this project.Tree Trimming(Dwelling Unit-Site Work (1480)-Other)$17,000.00ID0000268Tree Trimming at sites as needed.Driveway Replacement (Non-Dwelling Site Work (1480)-Asphalt - Concrete - Paving)$33,000.00ID0000278Replace existing driveway with same/similar. Any appropriate mitigation will betaken due to ground disturbance.Air conditioners(Dwelling Unit-Interior (1480)-Mechanical)$30,000.00ID0000282New air conditioners for individual units. Some air conditioners will fit into anexisting sleeve. Other ACs will also include adding a sleeve to the unit, addingcentral AC or alternative AC option. Additional remediation as necessary. Energyefficiency will be considered in purchasing the ACs.Form HUD-50075.2(4/2008)11 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)22577-027402/28/2022Work Statement for Year2026Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierOperating budget(Operations (1406))$10,827.00ID0000303Insurance, routine maintenance, office supplies, security, utilities, furnishings,equipment supplies, staff training and recruitment and other incidental costs.Roof(Dwelling Unit-Exterior (1480)-Roofs)$17,000.00ID0000305Remove and replace existing roof, asphalt roof shingles, roof felt and ice/watershield, install new shingles, replace flashing, add new roof vents as needed, sealall areas as needed.Excessive Tenant Damage(Dwelling Unit-Interior (1480)-Appliances,Dwelling Unit-Interior (1480)-Bathroom Counters and Sinks,Dwelling Unit-Interior (1480)-Bathroom Flooring (noncyclical),Dwelling Unit-Interior (1480)-Commodes,Dwelling Unit-Interior (1480)-Electrical,DwellingUnit-Interior (1480)-Flooring (non routine),Dwelling Unit-Interior (1480)-Interior Doors,DwellingUnit-Interior (1480)-Interior Painting (non routine),Dwelling Unit-Interior (1480)-KitchenCabinets,Dwelling Unit-Interior (1480)-Kitchen Sinks and Faucets,Dwelling Unit-Interior (1480)-Mechanical,Dwelling Unit-Interior (1480)-Other,Dwelling Unit-Interior (1480)-Plumbing,DwellingUnit-Interior (1480)-Tubs and Showers)$12,000.00ID0000316Repair excessive tenant damage - any PH unit as needed. Repair walls, ceilings,floors, doors, plumbing, tub, sink, faucets, showerheads, cabinets, mirror, faucets,electrical outlets, wiring, switch plates, appliances, smoke detectors. Will doappropriate remediation if necessary for lead or asbestos.Landscaping(Dwelling Unit-Site Work (1480)-Landscape)$8,888.00ID0000318Landscaping and install or repair retaining walls at public housing units if needed.Deck (Dwelling Unit-Exterior (1480)-Decks and Patios)$23,000.00ID0000335Deck replacement or repair as neededExterior sealant(Dwelling Unit-Exterior (1480)-Foundations,Dwelling Unit-Exterior (1480)-Decks andPatios,Dwelling Unit-Exterior (1480)-Other,Dwelling Unit-Exterior (1480)-Roofs,Dwelling Unit-Exterior (1480)-Windows,Non-Dwelling Exterior (1480)-Foundation,Non-Dwelling Exterior (1480)-Roofs,Non-Dwelling Exterior (1480)-Windows)$10,000.00ID0000336Exterior sealant around roof, window components, and other building structuresas needed.Form HUD-50075.2(4/2008)12 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)22577-027402/28/2022Work Statement for Year2026Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierLead/Radon testing and mitigation(Dwelling Unit-Exterior (1480)-Exterior Doors,Dwelling Unit-Exterior (1480)-Exterior Paint and Caulking,Dwelling Unit-Exterior (1480)-Other,Dwelling Unit-Exterior (1480)-Siding,Dwelling Unit-Exterior (1480)-Soffits,Dwelling Unit-Exterior (1480)-Windows,Dwelling Unit-Interior (1480)-Interior Doors,Dwelling Unit-Interior (1480)-Interior Painting(non routine),Dwelling Unit-Interior (1480)-Other)$30,000.00ID0000337Test for lead and radon at properties. Complete mitigation as needed.Subtotal of Estimated Cost$361,715.00Form HUD-50075.2(4/2008)13 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)32577-027402/28/2022Work Statement for Year2027Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierLOUISIANA COURT (MN144000001)$361,715.00Closet Doors (Dwelling Unit-Interior (1480)-Other)$10,000.00ID0000264Remove and replace existing closet doors in units. Will do appropriateremediation if necessary for lead or asbestos.Water softener - HH(Non-Dwelling Interior (1480)-Mechanical)$50,000.00ID0000266Remove existing water softener, replace with new, properly sized, water softener(hard and soft water) that works with building plumbing. Will do appropriateremediation if necessary for lead or asbestos.Sump pump at Scattered Sites(Dwelling Unit-Interior (1480)-Plumbing)$15,000.00ID0000269Install or replace sump pumps at Scats. Remediate any soil corrections or lead orasbestos if needed.Windows and trim (Dwelling Unit-Interior (1480)-Other)$69,000.00ID0000270Replace existing windows and trim at units. Will remediate lead or asbestos ifneeded.Window and patio door (Dwelling Unit-Exterior (1480)-Windows)$28,000.00ID0000272Remove existing windows and patio door, dispose of properly and replace allwindows and patio door with energy efficient windows of the same size. Framingand trim will be reused when possible and replaced if needed. Will do appropriateremediation if necessary for lead or asbestos.Kitchen Cabinets & Counter Tops (Dwelling Unit-Interior (1480)-Kitchen Cabinets,Dwelling Unit-Interior (1480)-Kitchen Sinks and Faucets)$36,000.00ID0000273Remove existing kitchen cabinets and counter tops and dispose of properly.Replace kitchen cabinets and counter tops. May include replacement of sink andfaucet if needed and any wall or framing repair that is needed during rehab. Willdo appropriate remediation if necessary for lead or asbestos.Form HUD-50075.2(4/2008)14 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)32577-027402/28/2022Work Statement for Year2027Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierConcrete steps and sidewalk(Dwelling Unit-Exterior (1480)-Landings and Railings)$36,000.00ID0000281Remove front steps and sidewalk and repair/replace as needed. Any appropriatemitigation will be taken due to ground disturbance.Driveway Replacement (Non-Dwelling Site Work (1480)-Asphalt - Concrete - Paving)$41,000.00ID0000296Replace existing driveway with same/similar. Any appropriate mitigation will betaken due to ground disturbance.Tree Trimming(Dwelling Unit-Site Work (1480)-Other)$15,000.00ID0000300Tree Trimming at sites as needed.Excessive Tenant Damage(Dwelling Unit-Interior (1480)-Appliances,Dwelling Unit-Interior (1480)-Bathroom Counters and Sinks,Dwelling Unit-Interior (1480)-Bathroom Flooring (noncyclical),Dwelling Unit-Interior (1480)-Commodes,Dwelling Unit-Interior (1480)-Electrical,DwellingUnit-Interior (1480)-Flooring (non routine),Dwelling Unit-Interior (1480)-Interior Doors,DwellingUnit-Interior (1480)-Interior Painting (non routine),Dwelling Unit-Interior (1480)-KitchenCabinets,Dwelling Unit-Interior (1480)-Kitchen Sinks and Faucets,Dwelling Unit-Interior (1480)-Mechanical,Dwelling Unit-Interior (1480)-Other,Dwelling Unit-Interior (1480)-Plumbing,DwellingUnit-Interior (1480)-Tubs and Showers)$14,888.00ID0000325Repair excessive tenant damage - any PH unit as needed. Repair walls, ceilings,floors, doors, plumbing, tub, sink, faucets, showerheads, cabinets, mirror, faucets,electrical outlets, wiring, switch plates, appliances, smoke detectors. Will doappropriate remediation if necessary for lead or asbestos.Operating budget(Operations (1406))$1,000.00ID0000330Insurance, routine maintenance, office supplies, security, utilities, furnishings,equipment supplies, staff training and recruitment and other incidental costs.Replace existing flooring (Dwelling Unit-Interior (1480)-Flooring (non routine))$5,827.00ID0000334Replace existing flooring in scattered sites including Kilmer and additional SFhomes. Will do appropriate remediation if necessary for lead or asbestos.Form HUD-50075.2(4/2008)15 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)32577-027402/28/2022Work Statement for Year2027Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierExterior Doors(Dwelling Unit-Exterior (1480)-Exterior Doors)$10,000.00ID0000340Replace and repair exterior doors at units as needed. Will do appropriateremediation if necessary for lead or asbestos.Sewer and watermain replair/replacement(Dwelling Unit-Exterior (1480)-Other,Dwelling Unit-Interior(1480)-Plumbing)$30,000.00ID0000341Repair or replace sewer lines and watermain at properties as needed.Subtotal of Estimated Cost$361,715.00Form HUD-50075.2(4/2008)16 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)42577-027402/28/2022Work Statement for Year2028Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierLOUISIANA COURT (MN144000001)$361,715.00Insulation & Weatherization at Scatts(Dwelling Unit-Interior (1480)-Other)$31,822.00ID0000285Insulation and weatherization: re-insulate attic to desired R level, new air chutesfor proper circulation, seal all gaps and penetrations in the attic at multiplescattered site homes. Will do appropriate remediation if necessary for lead orasbestos.Lighting (Non-Dwelling Interior (1480)-Electrical,Non-Dwelling Interior (1480)-Other)$25,000.00ID0000286Replace existing community room lighting with energy efficient lighting. Willwork with CEE and/or Xcel Energy on any possible rebates or retrofitting forenergy efficiency. Will do appropriate remediation if necessary for lead orasbestos.Concrete Patio and sidewalks(Dwelling Unit-Site Work (1480)-Asphalt - Concrete - Paving)$5,000.00ID0000287Replace portion of existing concrete patio and sidewalks. Any appropriatemitigation will be taken due to ground disturbance.HH Second Floor Railing(Non-Dwelling Interior (1480)-Other)$7,000.00ID0000288Replace existing railing along second floor hallway overlooking community roomand replace with a half wall that meets building code and continues the half wallthat is along a portion of the hallway. Will do appropriate remediation ifnecessary for lead or asbestos.Breezeway rehab (Dwelling Unit-Exterior (1480)-Windows,Dwelling Unit-Interior (1480)-Other)$3,000.00ID0000293Remove all existing storm/screen windows and framing. Add new framing toallow for double hung windows or equivalent. Insulate walls as needed. Will doappropriate remediation for lead or asbestos if needed.Bathroom Rehab SF homes(Dwelling Unit-Interior (1480)-Bathroom Counters and Sinks,DwellingUnit-Interior (1480)-Bathroom Flooring (non cyclical),Dwelling Unit-Interior (1480)-Plumbing,Dwelling Unit-Interior (1480)-Tubs and Showers)$24,000.00ID0000301Rehab bathroom including replacing tub, tile, toilet, vanity and fixtures. Mayinclude replacing any damaged framing, sub floor, flooring or walls if neededduring rehab. Will do appropriate remediation if necessary for lead and asbestos.Form HUD-50075.2(4/2008)17 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)42577-027402/28/2022Work Statement for Year2028Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierSiding scattered site(Dwelling Unit-Exterior (1480)-Balconies-Porches-Railings-etc,Dwelling Unit-Exterior (1480)-Decks and Patios,Dwelling Unit-Exterior (1480)-Siding)$40,183.00ID0000304Replace existing siding at scattered site. Will do appropriate remediation ifnecessary for lead or asbestos.Furnace Replacement (Dwelling Unit-Interior (1480)-Mechanical)$22,508.00ID0000308Remove existing furnace and dispose of properly at SF homes. Replace furnacewith energy efficient furnace. Includes any retrofitting necessary for installationof new furnaces. Will do appropriate remediation if necessary for lead or asbestos.Driveway Replacement (Non-Dwelling Site Work (1480)-Asphalt - Concrete - Paving)$36,000.00ID0000309Replace existing driveway with same/similar. Any appropriate mitigation will betaken due to ground disturbance.Tree Trimming(Dwelling Unit-Site Work (1480)-Other)$15,000.00ID0000310Tree Trimming at sites as needed.Replace existing flooring (Dwelling Unit-Interior (1480)-Flooring (non routine))$15,000.00ID0000311Replace existing flooring in scattered sites. Will do appropriate remediation ifnecessary for lead or asbestos. Excessive Tenant Damage(Dwelling Unit-Interior (1480)-Bathroom Counters and Sinks,DwellingUnit-Interior (1480)-Bathroom Flooring (non cyclical),Dwelling Unit-Interior (1480)-Commodes,Dwelling Unit-Interior (1480)-Electrical,Dwelling Unit-Interior (1480)-Flooring (nonroutine),Dwelling Unit-Interior (1480)-Interior Doors,Dwelling Unit-Interior (1480)-Interior Painting(non routine),Dwelling Unit-Interior (1480)-Kitchen Cabinets,Dwelling Unit-Interior (1480)-KitchenSinks and Faucets,Dwelling Unit-Interior (1480)-Mechanical,Dwelling Unit-Interior (1480)-Other,Dwelling Unit-Interior (1480)-Plumbing,Dwelling Unit-Interior (1480)-Tubs andShowers,Dwelling Unit-Interior (1480)-Appliances)$14,000.00ID0000326Repair excessive tenant damage - any PH unit as needed. Repair walls, ceilings,floors, doors, plumbing, tub, sink, faucets, showerheads, cabinets, mirror, faucets,electrical outlets, wiring, switch plates, appliances, smoke detectors. Will doappropriate remediation if necessary for lead or asbestos.Form HUD-50075.2(4/2008)18 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)42577-027402/28/2022Work Statement for Year2028Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifier Operating budget(Operations (1406))$4,314.00ID0000331Insurance, routine maintenance, office supplies, security, utilities, furnishings,equipment supplies, staff training and recruitment and other incidental costs. Closet Doors (Dwelling Unit-Interior (1480)-Other)$12,000.00ID0000339Remove and replace existing closet doors in units. Will do appropriateremediation if necessary for lead or asbestos.Interior Doors(Dwelling Unit-Interior (1480)-Interior Doors)$10,000.00ID0000342Replace or repair interior doors at units.Fence repair/replacement(Dwelling Unit-Exterior (1480)-Other)$10,000.00ID0000343Repair or replace fence at properties.Garage repair/replacement(Non-Dwelling Exterior (1480)-Other)$20,000.00ID0000344Repair or replace garage at properties as needed. Will do appropriate remediationif necessary for lead or asbestos.HVAC Ductwork(Dwelling Unit-Interior (1480)-Other)$5,000.00ID0000345Repair or replace HVAC ductwork at single family homes. Will do appropriateremediation if necessary for lead or asbestos.Range hoods(Dwelling Unit-Interior (1480)-Appliances)$50,000.00ID0000346Replace range hoods at properties as needed. Will do appropriate remediation ifnecessary for lead or asbestos.Form HUD-50075.2(4/2008)19 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)42577-027402/28/2022Work Statement for Year2028Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierAC Sleeve Replacement(Dwelling Unit-Interior (1480)-Mechanical)$11,888.00ID0000354AC sleeve replacement for individual units. Additional remediation as necessary.Subtotal of Estimated Cost$361,715.00Form HUD-50075.2(4/2008)20 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)52577-027402/28/2022Work Statement for Year2029Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierLOUISIANA COURT (MN144000001)$361,715.00Replace existing flooring (Dwelling Unit-Interior (1480)-Flooring (non routine))$5,000.00ID0000267Replace existing flooring in scattered sites including Kilmer and additional SFhomes. Will do appropriate remediation if necessary for lead or asbestos.Furnace Replacement (Dwelling Unit-Interior (1480)-Mechanical)$7,000.00ID0000291Remove existing furnace and dispose of properly at SF homes. Replace furnacewith energy efficient furnace. Includes any retrofitting necessary for installationof new furnaces. Will do appropriate remediation if necessary for lead or asbestos.Bathroom Exhaust Fans at Scats(Dwelling Unit-Interior (1480)-Other)$8,000.00ID0000306Replace existing bathroom exhaust fans in all 37 single family scattered sitehomes and install sensor. Will do appropriate remediation if necessary for lead orasbestos.Windows and trim (Dwelling Unit-Interior (1480)-Other)$23,005.00ID0000317Replace existing windows and trim at units. Will remediate lead or asbestos ifneeded.Architect and Capital Needs assessment(Contract Administration (1480)-Other)$15,000.00ID0000319Use of an architect for projects and physical needs assessment of public housingpropertiesRoof(Dwelling Unit-Exterior (1480)-Roofs)$34,000.00ID0000320Remove and replace existing roof, asphalt roof shingles, roof felt and ice/watershield, install new shingles, replace flashing, add new roof vents as needed, sealall areas as needed.Form HUD-50075.2(4/2008)21 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)52577-027402/28/2022Work Statement for Year2029Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifier Excessive Tenant Damage(Dwelling Unit-Interior (1480)-Bathroom Counters and Sinks,DwellingUnit-Interior (1480)-Bathroom Flooring (non cyclical),Dwelling Unit-Interior (1480)-Commodes,Dwelling Unit-Interior (1480)-Electrical,Dwelling Unit-Interior (1480)-Flooring (nonroutine),Dwelling Unit-Interior (1480)-Interior Doors,Dwelling Unit-Interior (1480)-Interior Painting(non routine),Dwelling Unit-Interior (1480)-Kitchen Cabinets,Dwelling Unit-Interior (1480)-KitchenSinks and Faucets,Dwelling Unit-Interior (1480)-Mechanical,Dwelling Unit-Interior (1480)-Other,Dwelling Unit-Interior (1480)-Plumbing,Dwelling Unit-Interior (1480)-Tubs andShowers,Dwelling Unit-Interior (1480)-Appliances)$5,000.00ID0000327Repair excessive tenant damage - any PH unit as needed. Repair walls, ceilings,floors, doors, plumbing, tub, sink, faucets, showerheads, cabinets, mirror, faucets,electrical outlets, wiring, switch plates, appliances, smoke detectors. Will doappropriate remediation if necessary for lead or asbestos. Tree Trimming(Dwelling Unit-Site Work (1480)-Other)$12,000.00ID0000328Tree Trimming at sites as needed.Operating budget(Operations (1406))$3,710.00ID0000332Insurance, routine maintenance, office supplies, security, utilities, furnishings,equipment supplies, staff training and recruitment and other incidental costs. Landscaping(Dwelling Unit-Site Work (1480)-Landscape)$14,000.00ID0000338Landscaping and install or repair retaining walls at public housing units if needed.Plumbing replacement at Hamilton House(Dwelling Unit-Interior (1480)-Plumbing)$100,000.00ID0000347Replace plumbing in individual units and throughout the building at HamiltonHouse as it has reached its lifetime use. Will do appropriate remediation ifnecessary for lead or asbestos.Electrical upgrades and replacement(Dwelling Unit-Interior (1480)-Electrical,Non-Dwelling Interior(1480)-Electrical)$10,000.00ID0000348Update electric panels and replace existing outlets with GFCI outlets in additionto any other electrical work at properties needed. Will do appropriate remediationif necessary for lead or asbestos.Form HUD-50075.2(4/2008)22 Capital Fund Program - Five-Year Action PlanOffice of Public and Indian HousingU.S. Department of Housing and Urban DevelopmentPart II: Supporting Pages - Physical Needs Work Statements (s)52577-027402/28/2022Work Statement for Year2029Development Number/NameQuantity Estimated CostGeneral Description of Major Work CategoriesIdentifierPlumbing (Dwelling Unit-Interior (1480)-Plumbing)$5,000.00ID0000349Replace and repair plumbing at properties. Will do appropriate remediation ifnecessary for lead or asbestos. Kitchen rehab(Dwelling Unit-Interior (1480)-Kitchen Cabinets,Dwelling Unit-Interior (1480)-KitchenSinks and Faucets)$20,000.00ID0000350Remove existing kitchen cabinets and counter tops and dispose of properly.Replace kitchen cabinets and counter tops. May include replacement of sink andfaucet if needed and any wall or framing repair that is needed during rehab. Willdo appropriate remediation if necessary for lead or asbestos.Parking lot sealing/replacement(Dwelling Unit-Exterior (1480)-Other)$20,000.00ID0000351Seal parking lot at Hamilton House according to schedule and repair areas asneeded.Unit decks and balconies at HH(Dwelling Unit-Exterior (1480)-Balconies-Porches-Railings-etc)$70,000.00ID0000352Repair and replace unit decks at Hamilton House.Painting(Dwelling Unit-Interior (1480)-Interior Painting (non routine))$10,000.00ID0000353Painting units at turnovers. Will do appropriate remediation if necessary for leador asbestos.Subtotal of Estimated Cost$361,715.00Form HUD-50075.2(4/2008)23 24 Housing Authority of St. Louis Park Meeting date: May 14, 2025 Agenda item: 6a Title: Project based voucher request for the Beltline Station redevelopment project Recommended action: Discuss and determine if the Housing Authority supports utilizing a housing assistance payment (HAP) contract for 20 project-based vouchers (PBVs) at the Beltline Station redevelopment for 20 years. Policy consideration: Is the Housing Authority board supportive of authorizing project-based vouchers at the Beltline Station redevelopment to make 20 housing units available to households earning up to 30% AMI for 20 years, subject to a future 20-year renewal term, making these units deeply affordable for up to 40 years? Summary: The Beltline Station redevelopment site is located at the southeast corner of CSAH 25 and Belt Line Boulevard and consists of 6.6 acres. Sherman Associates (developer) owns approximately 1.5 acres of the site and has a purchase agreement to acquire the remaining 5 acres from the EDA. Rendering of the proposed Beltline Station development The developer plans to construct a major, $148.5 million, transit-oriented development with 380 housing units (21% or 82 units of which would be affordable units), approximately 21,000 square feet of commercial space, and a parking structure. The development will include four components as described below: • Seven-story mixed-use building with six levels of market rate housing (152 units) and over 19,000 square feet of neighborhood commercial space providing employment opportunities for Beltline Station tenants and surrounding neighborhood residents. • Five-story market rate apartment building with 146 units and underground parking. • 6-level parking structure with 592 stalls including 268 public park and ride stalls required by Metropolitan Council; and 1,800 square feet of ground floor commercial space. • Four-story all affordable apartment building with 82 units and underground parking. Of these, 39 units would be available to households earning up to 60% of Area Median 25 Housing Authority meeting of May 14, 2025 (Item No. 6a) Page 2 Title: Project based voucher request for the Beltline Station redevelopment project Income (AMI), 23 units would be available to households earning up to 50% of AMI, and 20 units would be available to households earning up to 30% of AMI. o The developer requests project-based vouchers (“PBVs”) for the 20 housing units at 30% of AMI, including three 1-bedroom, eleven 2-bedroom and six 3-bedroom units. The development will exceed the city’s inclusionary housing policy requirements (Oct. 2021) and the city’s green building policy requirements (July 2020) which were in place at the time Sherman Associates entered into a preliminary development agreement with the EDA. The developer is pursuing LEED certification of the market rate and mixed-use components of the development, and Enterprise Green Communities criteria utilizing the Minnesota design overlay for the affordable component. The developer will also be utilizing union labor throughout the development’s construction. Beltline existing conditions map The development site consists of the following properties: • 4601 Highway 7 (owned by the EDA) • 3130 Monterey Ave S (owned by the EDA) • Right of way (owned by the EDA) • 4725 Highway 7 (owned by Beltline Development LLC an affiliate of Sherman Associates) Present considerations: The developer requests a total of 20 project-based vouchers to make 20 units available to households earning up to 30% of AMI. The developer intends to reapply to extend PBVs at those 20 units for an additional 20 years, for a total of 40 years at 30% AMI. Units at 30% AMI are considered deeply affordable and support the city’s strategic priority of providing a broad range of housing and neighborhood oriented development. Additionally, 26 Housing Authority meeting of May 14, 2025 (Item No. 6a) Page 3 Title: Project based voucher request for the Beltline Station redevelopment project housing units affordable at 30% are the greatest need and are the most challenging to develop due to the significant subsidy required to achieve that level of affordability. Based on feedback from Ehlers, the EDA’s financial consultant, the project-based vouchers are necessary to make the 20 units at 30% AMI financially feasible. • Ehlers further notes that an award of PBVs to the project further contributes to the overall financial feasibility of the affordable project given that the developer has proposed a new unit mix. • The developer’s original proposed commitment included 77 units at 60% AMI and 5 units at 30% AMI • The new commitment includes deeper affordability, including 39 units at 60% AMI, 23 units at 50% AMI, and 20 units at 30% AMI utilizing project-based vouchers. The Inclusionary Housing Policy (IHP) was adopted by the St. Louis Park City Council in 2015 and was amended in 2021 to include an option for 30% AMI units. Including 20 housing units at 30% AMI within the Beltline Station redevelopment would result in a 50% increase in the number of deeply affordable units created in St. Louis Park since this change. In the four years since 30% units have been required by the IHP, a total of 40 housing units at 30% AMI have been created, including 19 units in Rise on 7; five units in Arbor Court and 16 units in Union Park Flats; six additional 30% AMI units are proposed within the recently approved Terasa project. The Metropolitan Council’s Thrive MSP 2040 Regional Plan has identified a need of 309 additional units affordable to household with income at or below 30% AMI by 2030 in St. Louis Park. Combined with the 46 created and/or recently approved units, authorizing the use of 20 project-based vouchers in the Beltline project would bring the City of St. Louis Park to a total of 66 units, demonstrating progress towards the Met Council’s goal and additional commitment to serving families in need of deeply affordable units. In addition, these units are within a larger mixed use, mixed income development with commercial space onsite and immediate access to both the Green Line Extension light rail and the Cedar Lake regional trail adjacent to the site. The majority of the 30% AMI units would be larger in size to accommodate families, including eleven 2-bedroom units and six 3-bedroom units. Timing: The anticipated timeline for the affordable housing project’s construction is approximately 14 months, with construction anticipated to begin by January 2026 and completion expected by March 2027. Affordability Type Summary Affordabilit y Studio 1-BR 2-BR 3-BR Live / Work Total Total 60% AMI 1 7 21 10 0 39 50% AMI 1 4 12 6 0 23 30% AMI 0 3 11 6 0 20 Total 2 14 44 22 0 82 27 Housing Authority meeting of May 14, 2025 (Item No. 6a) Page 4 Title: Project based voucher request for the Beltline Station redevelopment project Affordable and sustainable living: The Beltline Station redevelopment will be located immediately adjacent to the Beltline Boulevard light rail station and the Cedar Lake regional bike/pedestrian trail which conveniently link the development to downtown and uptown Minneapolis, as well as the western suburbs. The Green Line Extension light rail is anticipated to be operational in 2027. This proximity to reliable rapid transit, and a regional bike trail that both connect to job centers, reduces the need for residents to own cars to meet their daily transportation needs. Providing deeply affordable units with access to transit and bike commuting options gives residents options to forgo the expense of car ownership, or for a family to own one car instead of two, lowering overall cost of living and offering environmentally sustainable transportation options. Additionally, the development will be constructed sustainably. The Beltline Station development will exceed the requirements of the city’s Green Building Policy and the developer will follow Enterprise Green Communities criteria for the affordable building. The development will pursue goals that achieve energy efficiency within the building envelope and offer increased indoor environmental quality to enhance occupant health. Building sustainably helps the city meets climate action goals and provides an overall healthier environment for building occupants. It also further reduces the cost of living for residents in the buildings as energy costs are typically lower due to better building design and insulation. Housing Authority considerations: HUD regulations allow housing authorities to project base up to 20% of their annual contributions contract (ACC). This means the Housing Authority 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) and Vail Place (eight units). Previously, there were 18 units at Excelsior and Grand; in 2023 Excelsior and Grand elected not to renew their contract, returning the vouchers to the HA. This means, under HUD regulation, the housing authority board has the authority to project-base up to 36 additional units. The Beltline Station developer requests 20 PBVs to provide 20 units affordable to households earning up to 30% AMI for a minimum of 20 years, subject to an additional renewal for years 21- 40. In the event of non-renewal of a HAP contract after 20 years, units would be made available to households earning up to 60% AMI in years 21-40 through a separate affordable housing contract with the St. Louis Park EDA that reflects affordable housing commitments for all 82 affordable units at the site. This request is part of the overall financial request for the Beltline project which includes EDA and city support as well as other federal, state and local sources of funds. Without the vouchers, these 20 units at 30% AMI would not be financially feasible at this location. Next steps: If the housing authority board is supportive of utilizing 20 PBVs within the Beltline Station redevelopment, staff will prepare a resolution of approval for the authority’s consideration in June 2025. Approval of PBVs would be contingent upon completion of subsidy layering review of the project and HUD environmental review. Supporting documents: Letter from Sherman Associates requesting a HAP contract for 20 units for 20 years 28 Housing Authority meeting of May 14, 2025 (Item No. 6a) Page 5 Title: Project based voucher request for the Beltline Station redevelopment project Prepared by: Dean Porter-Nelson, redevelopment administrator Reviewed by: Greg Hunt, economic development manager Nicole Randall, housing assistance administrator Sean Walther, deputy community development director Karen Barton, housing authority executive director 29 233 Park Avenue South, Suite 201, Minneapolis, MN 55415 P 612.332.3000 F 612.332.8119 Sherman-Associates.com May 2, 2025 St. Louis Park Housing Authority 5005 Minnetonka Boulevard St. Louis Park, MN 55416 Dear St. Louis Park Housing Authority Staff, Sherman is excited to present this request to you for a Housing Assistance Payments (HAP) contract to support the construction of a new multifamily project. This project aims to provide quality housing solutions for families in need, enhancing the community and contributing to the overall development of the area. Location This multifamily project will be located at 3120 Monterey Avenue South, offering convenient access to essential services, schools, and transportation. This project will ensure that people from all walks of life can live in proximity to their workplaces, schools, and am enities, thereby enhancing social cohesion and economic productivity. Scope This project will consist of 82 units, including studio, one-, two- and three-bedroom units, designed to accommodate diverse family sizes and needs. The construction plan includes sustainable building practices and the integration of green spaces to promote environmental stewardship and community well-being. Timelines The anticipated timeline for the project’s construction is approximately 14 months, with construction anticipated to begin by January 2026 and completion expected by March 2027. Benefits to Community This project provides significant benefits to the community, including: ▪ Increased availability of affordable housing ▪ Improved living conditions for families ▪ Enhanced community infrastructure ▪ Promotion of sustainable practices 30 Request We kindly request the Housing Authority to approve a HAP contract for 20 units , consisting of one-, two- and three-bedroom units, for this project. Breakdown of proposed unit types is as follows: Unit Size # of Units 1 Bedroom 3 2 Bedroom 11 3 Bedroom 6 This distribution of unit types is proportional to the overall distribution of unit types in the building. We request a duration of Housing Assistance Payments (HAP) commitment of 20 years. This HAP contract will enable this project to offer rental assistance to qualifying families, ensuring that the housing remains affordable and accessible. Compliance This project will adhere to all local, state, and federal regulations, ensuring compliance with housing standards and safety protocols. We will work closely with the Housing Authority to meet all requirements and provide documentation as needed. Sherman has extensive experience operating affordable housing projects and administering HAP contracts. Sherman believes that this new multifamily project will be a valuable addition to the community, providing necessary housing solutions for families in need. We appreciate your consideration of our request for a HAP contract and look forward to the opportun ity to work together to make this project a reality. If you have any questions or require further information, please do us hesitate to contact us at; sanderson@sherman-associates.com. Thank you for your time and consideration. Sincerely, Shiva M. Anderson Sherman Associates Senior Vice President of Corporate Compliance 233 Park Avenue South, Suite 201 I Minneapolis, MN 55415 sanderson@sherman-associates.com 612.337.2608 31 32 Housing Authority of St. Louis Park Meeting date: May 14, 2025 Agenda item: 6b Title: Approve Amendments to the Housing Authority Housing Choice Voucher (HCV) Administrative Plan (Admin Plan), Resolution No. 776 Recommended action: Staff recommends that the Housing Authority Board approve Resolution No. 776 amending the Admin Plan for the HCV program. Policy consideration: Does the Housing Authority Board agree with the proposed amendments to the Admin Plan? Summary: The Housing Authority is required to have an Admin Plan outlining policies and processes related to the administration of the HCV program. The policy allows for transparency, equity and objectivity. The Admin Plan allows others to understand the HA process, standardizes processes and decisions across HA staff, and ensures just treatment across cases. The Admin Plan must be in accordance with HUD regulations and requirements, be available for public review, and must be adopted by the HA Board. The HA contracts with Nan McKay for model updates to the Admin Plan to incorporate HUD rules and regulations. Nan McKay released a revision of the Model Admin Plan that was fully updated for HOTMA 102/104 and the HA board approved changes to the Admin Plan at the October 2024 board meeting. HUD has pushed back the compliance date for HOTMA 102/104 and HAs cannot fully apply the previous revisions which creates challenges for agencies who must continue to operate their programs under pre-HOTMA 102/104 policies while also managing a version of their policy that can be used immediately upon the HOTMA 102/104 compliance date. Nan McKay released a new update in early 2025to be applicable to both pre- and post-HOTMA 102/104 requirements. The update calls out policies that will be effective prior to the HA’s HOTMA 102/104 compliance date and those that will become effective upon the HA’s compliance date. These changes are in line with the policy approvals in October and do not require additional approvals by the HA board. Citation references and language changes to be gender inclusive were also made throughout the plan. The following additional policy changes are recommended for approval by the HA board: Chapter 3: Updated language to clarify language for reasons for other denial of assistance Chapter 6: Incorporated HOTMA 102/104 changes required to be implemented by July 1, 2025 per PIH 2024-38. This includes changes regarding: Minors, fulltime students and student financial assistance, earned income, business income, periodic payments, nonrecurring income, state payments to allow individuals with disabilities to live at home, civil rights settlements, federally mandated and other income exclusions, lump-sum additions to net family assets, ABLE accounts, trusts, health and medical care expenses. Addition of Exhibit 6-2 Annual Income Exclusions. 33 Housing Authority meeting of May 14, 2025 (Item No. 6b) Page 2 Title: Approve amendments to the Housing Choice Voucher Administrative Plan, Resolution No. 776 Chapter 7: Incorporates HOTMA 102/104 changes required to be implemented by July 1, 2025, per PIH notice 2024-38. This includes changes regarding: student financial assistance, the health and medical care expense deduction. Chapter 14: Revised amount of federal awards to have an independent audit HOTMA Appendix: Added a new appendix per recent HUD guidance to explicitly call out HOTMA 102/104 policies that are on hold until implementation. Supporting documents: Resolution 776, Exhibit A Prepared by: Nicole Randall, housing assistance administrator Reviewed by: Angela Nelson, community development office assistant 34 Housing Authority meeting of May 14, 2025 (Item No. 6b) Page3 Title: Approve amendments to the Housing Choice Voucher Administrative Plan, Resolution No. 776 HOUSING AUTHORITY OF ST. LOUIS PARK Resolution No. 776 Amendment to the Housing Choice Voucher (HCV) Administrative Plan (Admin Plan) WHEREAS, HUD requires housing authorities administering the HCV Program to have an Administrative Plan (Admin Plan) for the effective administration and operation of its HCV program, and WHEREAS, the St. Louis Park Housing Authority has updated the Admin Plan to reflect changes to HUD Regulations and Requirements, and WHEREAS, the Housing Authority has updated the Admin Plan to reflect changes to HA policy as deemed appropriate, and WHEREAS, the Housing Authority has updated the following sections to the Admin Plan: Chapter 3 - Other permitted reasons for denial, Chapter 6, changes to definitions of income, Chapter 7, definition of student financial assistance, Chapter 14, revised amount of federal awards required to have an independent audit and add HOTMA Appendix as noted in Exhibit A attached to this resolution. THEREFORE, BE IT RESOLVED, by the Housing Authority of St. Louis Park, that the updated Admin Plan is hereby adopted. Adopted by the Housing Authority May 14, 2025 _____________________________ Thom Miller, Chair ______________________________ Reynold Burrowes, Secretary Attest: _______________________________ Karen Barton, Executive Director 35 Exhibit A 3-III.D. OTHER PERMITTED REASONS FOR DENIAL OF ASSISTANCE HUD permits, but does not require, the HA to deny assistance for the reasons discussed in this section. Criminal Activity [24 CFR 982.553] HUD permits, but does not require, the HA to deny assistance if the HA determines that any household member is currently engaged in, or has engaged in during a reasonable time before the family would receive assistance, certain types of criminal activity. HA Policy If any household member is currently engaged in, or has engaged in any of the following criminal activities, within the past three years, the family will be denied assistance. Drug-related criminal activity, defined by HUD as the illegal manufacture, sale, distribution, or use of a drug, or the possession of a drug with intent to manufacture, sell, distribute or use the drug [24 CFR 5.100]. Violent criminal activity, defined by HUD as any criminal activity that has as one of its elements the use, attempted use, or threatened use of physical force substantial enough to cause, or be reasonably likely to cause, serious bodily injury or property damage [24 CFR 5.100]. Criminal activity that may threaten the health, safety, or right to peaceful enjoyment of the premises by other residents or persons residing in the immediate vicinity; or Criminal sexual conduct, including but not limited to sexual assault, incest, open and gross lewdness, or child abuse; or Criminal activity that may threaten the health or safety of property owners, management staff, and persons performing contract administration functions or other responsibilities on behalf of the HA (including a HA employee or a HA contractor, subcontractor, or agent). Immediate vicinity means within a three-block radius of the premises. Evidence of such criminal activity includes, but is not limited to: Any conviction for drug-related or violent criminal activity within the past three years. Records of arrests for drug-related or violent criminal activity within the past three years, although a record or record of arrest(s) will not be used as the sole basis for the denial or proof that the applicant engaged in disqualifying criminal activity. A conviction for drug related or violent criminal activity will be given more weight than an arrest for such activity. In making its decision to deny assistance, the HA will consider the factors discussed in Section 3-III.F and 3-III.G. Upon consideration of such factors, the HA may, on a case- by-case basis, decide not to deny assistance. 36 Previous Behavior in Assisted Housing [24 CFR 982.552(c)] HUD authorizes the HA to deny assistance based on the family’s previous behavior in assisted housing. Per the alternative requirements listed in the Federal Register notice dated December 29, 2014, HAs are no longer permitted to deny assistance to a family because the family previously failed to meet its obligations under the Family Self-Sufficiency (FSS) program [FR Notice 12/29/14]. HA Policy The HA will deny assistance to an applicant family if: The family does not provide information that the HA or HUD determines is necessary in the administration of the program. The family does not provide complete and true information to the HA. Any family member has been evicted from federally-assisted housing in the last three years. The family owes rent or other amounts to any HA in connection with Section 8 or other public housing assistance under the 1937 Act, unless the family repays the full amount of the debt prior to being selected from the waiting list. If the family has not reimbursed any HA for amounts the HA paid to an owner under a HAP contract for rent, damages to the unit, or other amounts owed by the family under the lease, unless the family repays the full amount of the debt prior to being selected from the waiting list. The family has breached the terms of a repayment agreement entered into with the HA, unless the family repays the full amount of the debt covered in the repayment agreement prior to being selected from the waiting list. When denying admission due to family debts as shown in HUD’s EIV system, the PHA will provide the family with a copy of the EIV Debt Owed to PHA and Termination report. If the family wishes to dispute the information in the report, the family must contact the PHA that entered the information in EIV in writing, explaining why EIV information is disputed. The family must also provide a copy of the letter and all applicable verification to the PHA to support the family’s claim. The PHA will consider the information provided by the family prior to issuing a notice of denial. A family member has engaged in or threatened violent or abusive behavior toward HA personnel. Abusive or violent behavior towards HA personnel includes verbal as well as physical abuse or violence. Use of racial epithets, or other language, written or oral, that is customarily used to intimidate may be considered abusive or violent behavior. Threatening refers to oral or written threats or physical gestures that communicate intent to abuse or commit violence. 37 In making its decision to deny assistance, the HA will consider the factors discussed in Section 3-III.F and 3-III.G. Upon consideration of such factors, the HA may, on a case- by-case basis, decide not to deny assistance. Remainder of page intentionally blank 38 Chapter 6 Types of Earned Income Not Counted in Annual Income Earnings of a Minor [24 CFR 5.609(b)(3)]A minor is a member of the family, other than the head of household or spouse, who is under 18 years of age. Employment income earned by minors is not included in annual income All other sources of unearned income, except those specifically excluded by the regulations, are included. Earned Income of Full-Time Students [24 CFR 5.609(b)(14) The earned income of a dependent full-time student in excess of the amount of the dependent deduction is excluded from annual income. All sources of unearned income, except those specifically excluded by the regulations, are included.A family member other than the head of household or spouse/cohead is considered a full-time student if they are attending school or vocational training on a full-time basis [24 CFR 5.603(b)]. To be considered “full-time,” a student must be considered “full-time” by an educational institution with a degree or certificate program [HCV GB, p. 5-29]. Income of a Live-in Aide Income earned by a live-in aide, as defined in [24 CFR 5.403], is not included in annual income [24 CFR 5.609(b)(8) as updated for HOTMA ]. (See Eligibility chapter for a full discussion of live- in aides.) 6-I.F. BUSINESS AND SELF EMPLOYMENT INCOME [24 CFR 5.609(b)(28) Notice PIH 2023-27] Independent Contractors Income received as an independent contractor is included in annual income, even if the source, date, or amount of the income varies [24 CFR 5.609 (b)(24)]. An independent contractor is defined as an individual who qualifies as an independent contractor instead of an employee in accordance with the Internal Revenue Code Federal income tax requirements and whose earnings are consequently subject to the Self- Employment Tax. In general, an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done [24 CFR 5.603(b)]. This may include individuals such as third-party delivery and transportation service providers and “gig workers” like babysitters, landscapers, rideshare drivers, and house cleaners. Income earned as an independent contractor is not considered nonrecurring income. 6-I.H. PERIODIC PAYMENTS Periodic payments are forms of income received on a regular basis. Income that will not be repeated beyond the coming year (i.e., the 12 months following the effective date of the certification), based on information provided by the family, is considered nonrecurring income and is excluded from annual income. Income that has a discrete end date and will not be repeated beyond the coming year is excluded from a family’s annual income because it is nonrecurring income. For example, a family receives income from a guaranteed income program in their city that has a discrete beginning and end date. While the guaranteed income will be repeated in the coming year, it will end before the family’s next annual reexamination. This income is fully excluded from annual income. 39 However, this does not include unemployment income and other types of periodic payments that are received at regular intervals (such as weekly, monthly, or yearly). Unemployment income and other types of periodic payments are not considered nonrecurring income, unless explicitly excluded from income under 25 CFR 5.609(b) as updated for HOTMA, and thus they are included in annual income. Insurance payments and settlements for personal or property losses, including but not limited to payments under health insurance, motor vehicle insurance, and workers’ compensation, are excluded from annual income. Any workers’ compensation is always excluded from annual income, regardless of the frequency or length of the payments. EXHIBIT 6-2: ANNUAL INCOME EXCLUSIONS 24 CFR 5.609(b) as updated for HOTMA (b)Annual income does not include the following: (1) Any imputed return on an asset when net family assets are less than or equal to the HUD-published threshold amount (which amount HUD will adjust annually in accordance with the Consumer Price Index for Urban Wage Earners and Clerical Workers) and no actual income from the net family assets can be determined. (2) The following types of trust distributions: (i) For an irrevocable trust or a revocable trust outside the control of the family or household excluded from the definition of net family assets under § 5.603(b): (A) Distributions of the principal or corpus of the trust; and (B) Distributions of income from the trust when the distributions are used to pay the costs of health and medical care expenses for a minor. (ii) For a revocable trust under the control of the family or household, any distributions from the trust; except that any actual income earned by the trust, regardless of whether it is distributed, shall be considered income to the family at the time it is received by the trust. (3) Earned income of children under the 18 years of age. (4) Payments received for the care of foster children or foster adults, or State or Tribal kinship or guardianship care payments. (5) Insurance payments and settlements for personal or property losses, including but not limited to payments through health insurance, motor vehicle insurance, and workers’ compensation. (6) Amounts received by the family that are specifically for, or in reimbursement of, the cost of health and medical care expenses for any family member. (7) Any amounts recovered in any civil action or settlement based on a claim of malpractice, negligence, or other breach of duty owed to a family member arising out of law, that resulted in a member of the family becoming disabled. (8) Income of a live-in aide, foster child, or foster adult as defined in §§ 5.403 and 5.603, respectively. (9) (i) Any assistance that section 479B of the Higher Education Act of 1965, as amended (20 U.S.C. 1087uu), requires be excluded from a family’s income; and 40 (ii) Student financial assistance for tuition, books, and supplies (including supplies and equipment to support students with learning disabilities or other disabilities), room and board, and other fees required and charged to a student by an institution of higher education (as defined under Section 102 of the Higher Education Act of 1965 (20 U.S.C. 1002)) and, for a student who is not the head of household or spouse, the reasonable and actual costs of housing while attending the institution of higher education and not residing in an assisted unit. (A) Student financial assistance, for purposes of this paragraph (9)(ii), means a grant or scholarship received from— ( 1) The Federal government; (2) A State, Tribe, or local government; (3) A private foundation registered as a nonprofit under 26 U.S.C. 501(c)(3); (4) A business entity (such as corporation, general partnership, limited liability company, limited partnership, joint venture, business trust, public benefit corporation, or nonprofit entity); or (5) An institution of higher education. (B) Student financial assistance, for purposes of this paragraph (9)(ii), does not include— (1) Any assistance that is excluded pursuant to paragraph (b)(9)(i) of this section; (2) Financial support provided to the student in the form of a fee for services performed (e.g., a work study or teaching fellowship that is not excluded pursuant to paragraph (b)(9)(i) of this section); ( 3) Gifts, including gifts from family or friends; or (4) Any amount of the scholarship or grant that, either by itself or in combination with assistance excluded under this paragraph or paragraph (b)(9)(i), exceeds the actual covered costs of the student. The actual covered costs of the student are the actual costs of tuition, books and supplies (including supplies and equipment to support students with learning disabilities or other disabilities), room and board, or other fees required and charged to a student by the education institution, and, for a student who is not the head of household or spouse, the reasonable and actual costs of housing while attending the institution of higher education and not residing in an assisted unit. This calculation is described further in paragraph (b)(9)(ii)€ of this section. (C) Student financial assistance, for purposes of this paragraph (b)(9)(ii) must be: (1) Expressly for tuition, books, room and board, or other fees required and charged to a student by the education institution; (2) Expressly to assist a student with the costs of higher education; or (3) Expressly to assist a student who is not the head of household or spouse with the reasonable and actual costs of housing while attending the education institution and not residing in an assisted unit. (D) Student financial assistance, for purposes of this paragraph (b)(9)(ii), may be paid directly to the student or to the educational institution on the student’s behalf. Student financial assistance paid to the student must be verified by the responsible entity as student financial assistance consistent with this paragraph (b)(9)(ii). (E) When the student is also receiving assistance excluded under paragraph (b)(9)(i) of this section, the amount of student financial assistance under this paragraph (b)(9)(ii) is determined as follows: 41 (1) If the amount of assistance excluded under paragraph (b)(9)(i) of this section is equal to or exceeds the actual covered costs under paragraph (b)(9)(ii)(B)(4) of this section, none of the assistance described in this paragraph (b)(9)(ii) of this section is considered student financial assistance excluded from income under this paragraph (b)(9)(ii)(E). (2) If the amount of assistance excluded under paragraph (b)(9)(i) of this section is less than the actual covered costs under paragraph (b)(9)(ii)(B)(4) of this section, the amount of assistance described in paragraph (b)(9)(ii) of this section that is considered student financial assistance excluded under this paragraph is the lower of: (i) the total amount of student financial assistance received under this paragraph (b)(9)(ii) of this section, or (ii) the amount by which the actual covered costs under paragraph (b)(9)(ii)(B)(4) of this section exceeds the assistance excluded under paragraph (b)(9)(i) of this section. (10) Income and distributions from any Coverdell education savings account under section 530 of the Internal Revenue Code of 1986 or any qualified tuition program under section 529 of such Code; and income earned by government contributions to, and distributions from, “baby bond” accounts created, authorized, or funded by Federal, State, or local government. (11) The special pay to a family member serving in the Armed Forces who is exposed to hostile fire. (12) (i) Amounts received by a person with a disability that are disregarded for a limited time for purposes of Supplemental Security Income eligibility and benefits because they are set aside for use under a Plan to Attain Self-Sufficiency (PASS); (ii) Amounts received by a participant in other publicly assisted programs which are specifically for or in reimbursement of out-of- pocket expenses incurred (e.g., special equipment, clothing, transportation, childcare, etc.) and which are made solely to allow participation in a specific program; (iii) Amounts received under a resident service stipend not to exceed $200 per month. A resident service stipend is a modest amount received by a resident for performing a service for the PHA or owner, on a part-time basis, that enhances the quality of life in the development. (iv) Incremental earnings and benefits resulting to any family member from participation in training programs funded by HUD or in qualifying Federal, State, Tribal, or local employment training programs (including training programs not affiliated with a local government) and training of a family member as resident management staff. Amounts excluded by this provision must be received under employment training programs with clearly defined goals and objectives and are excluded only for the period during which the family member participates in the employment training program unless those amounts are excluded under paragraph (b)(9)(i) of this section. (13) Reparation payments paid by a foreign government pursuant to claims filed under the laws of that government by persons who were persecuted during the Nazi era. (14) Earned income of dependent fulltime students in excess of the amount of the deduction for a dependent in § 5.611. (15) Adoption assistance payments for a child in excess of the amount of the deduction for a dependent in § 5.611. 42 (16) Deferred periodic amounts from Supplemental Security Income and Social Security benefits that are received in a lump sum amount or in prospective monthly amounts, or any deferred Department of Veterans Affairs disability benefits that are received in a lump sum amount or in prospective monthly amounts. (17) Payments related to aid and attendance under 38 U.S.C. 1521 to veterans in need of regular aid and attendance. (18) Amounts received by the family in the form of refunds or rebates under State or local law for property taxes paid on the dwelling unit. (19) Payments made by or authorized by a State Medicaid agency (including through a managed care entity) or other State or Federal agency to a family to enable a family member who has a disability to reside in the family’s assisted unit. Authorized payments may include payments to a member of the assisted family through the State Medicaid agency (including through a managed care entity) or other State or Federal agency for caregiving services the family member provides to enable a family member who has a disability to reside in the family’s assisted unit. (20) Loan proceeds (the net amount disbursed by a lender to or on behalf of a borrower, under the terms of a loan agreement) received by the family or a third party (e.g., proceeds received by the family from a private loan to enable attendance at an educational institution or to finance the purchase of a car). (21) Payments received by Tribal members as a result of claims relating to the mismanagement of assets held in trust by the United States, to the extent such payments are also excluded from gross income under the Internal Revenue Code or other Federal law. (22) Amounts that HUD is required by Federal statute to exclude from consideration as income for purposes of determining eligibility or benefits under a category of assistance programs that includes assistance under any program to which the exclusions set forth in paragraph (b) of this section apply. HUD will publish a notice in the Federal Register to identify the benefits that qualify for this exclusion. Updates will be published when necessary. (23) Replacement housing “gap” payments made in accordance with 49 CFR part 24 that offset increased out of pocket costs of displaced persons that move from one federally subsidized housing unit to another Federally subsidized housing unit. Such replacement housing “gap” payments are not excluded from annual income if the increased cost of rent and utilities is subsequently reduced or eliminated, and the displaced person retains or continues to receive the replacement housing “gap” payments. (24) Nonrecurring income, which is income that will not be repeated in the coming year based on information provided by the family. Income received as an independent contractor, day laborer, or seasonal worker is not excluded from income under this paragraph, even if the source, date, or amount of the income varies. Nonrecurring income includes: (i) Payments from the U.S. Census Bureau for employment (relating to decennial census or the American Community Survey) lasting no longer than 180 days and not culminating in permanent employment. (ii) Direct Federal or State payments intended for economic stimulus or recovery. (iii) Amounts directly received by the family as a result of State refundable tax credits or State tax refunds at the time they are received. 43 (iv) Amounts directly received by the family as a result of Federal refundable tax credits and Federal tax refunds at the time they are received. (v) Gifts for holidays, birthdays, or other significant life events or milestones (e.g., wedding gifts, baby showers, anniversaries). (vi) Non-monetary, in-kind donations, such as food, clothing, or toiletries, received from a food bank or similar organization. (vii) Lump-sum additions to net family assets, including but not limited to lottery or other contest winnings. (25) Civil rights settlements or judgments, including settlements or judgments for back pay. (26) Income received from any account under a retirement plan recognized as such by the Internal Revenue Service, including individual retirement arrangements (IRAs), employer retirement plans, and retirement plans for self- employed individuals; except that any distribution of periodic payments from such accounts shall be income at the time they are received by the family. (27) Income earned on amounts placed in a family’s Family Self Sufficiency Account. (28) Gross income a family member receives through self-employment or operation of a business; except that the following shall be considered income to a family member: (i) Net income from the operation of a business or profession. Expenditures for business expansion or amortization of capital indebtedness shall not be used as deductions in determining net income. An allowance for depreciation of assets used in a business or profession may be deducted, based on straight line depreciation, as provided in Internal Revenue Service regulations; and (ii) Any withdrawal of cash or assets from the operation of a business or profession will be included in income, except to the extent the withdrawal is reimbursement of cash or assets invested in the operation by the family. Chapter 7 7- III.J. Student Financial Assistance The regulations under HOTMA distinguish between two categories of student financial assistance paid to both full-time and part-time students. Any other grant-in-aid, scholarship, or other assistance amounts an individual receives for the actual covered costs charged by the institute of higher education not otherwise excluded by the federally mandated income exclusions are included [24 CFR 5.609(b)(9)(ii)]. PHA Policy The PHA will request written third-party verification of both the source and the amount of student financial assistance. Family-provided documents from the educational institution attended by the student will be requested, as well as documents generated by any other person or entity providing such assistance, as reported by the student. In addition, unless the student’s only source of assistance is assistance under Title IV of the HEA, the PHA will request written verification of the cost of the student’s tuition, books, supplies, room and board, and other required fees and charges to the student from the educational institution. 44 If the PHA is unable to obtain third-party written verification of the requested information, the PHA will pursue other forms of verification following the verification hierarchy in section 7-I.B. Chapter 14 Independent Audits and HUD Monitoring OMB Circular A-133 requires all PHAs that expend $750,000 or more in federal awards annually to have an independent audit (IPA). In addition, HUD conducts periodic on-site and automated monitoring of PHA activities and notifies the PHA of errors and potential cases of program abuse. Remainder of page intentionally blank 45 HOTMA 102/104 Appendix to the ACOP Purpose of the Appendix HUD published a final rule on February 14, 2023, revising regulations related to income, assets, adjusted income, verification, and reexams (among others) to implement Sections 102 and 104 of HOTMA. While the new regulations were effective January 1, 2024, HUD has delayed the compliance date for HOTMA 102/104. Compliance with Sections 102 and 104 of HOTMA means not only applying HOTMA 102/104 regulations to affected programs but also reporting in HUD’s new Housing Information Portal (HIP) system. Currently, PHAs remain unable to fully comply with HOTMA 102/104 because compliance depends on transitioning from HUD’s IMS/PIC system (which is unable to accept HOTMA-compliant Form HUD-50058) to HUD’s new HIP system (which will be the only system that accepts HOTMA-compliant Form HUD-50058). PHAs cannot transition to HOTMA until HIP is in place, HOTMA-compliant, and accessible. On December 18, 2024, HUD published Notice PIH 2024-38, which identifies provisions in HOTMA 102/104 that PHAs must comply with no later than July 1, 2025. The notice states that all transactions with an effective date on or after July 1, 2025, must be processed using requirements in the notice. The July 1, 2025, compliance deadline does not apply to other HOTMA 102/104 provisions not listed in the notice. Other provisions are still dependent on HIP implementation and may not be implemented yet. The PHA must: •Have stopped enrolling families into the EID as of 12/31/23; •Transition to the new Form HUD-9886-A no later than 2/1/25; •Apply HOTMA 102/104 income exclusions listed in 24 CFR 5.609(b) (including new requirements for student financial assistance) for all income examinations effective on or after 7/1/25; •Apply provisions related to de minimis errors; and •Use these new HOTMA 102/104 definitions listed in the regulations for all transactions effective on or after 7/1/25. These definitions include: •Earned income •Unearned income •Family •Day laborer •Independent contractor •Dependent •Foster child and foster adults •Health and medical care expenses •Minor 46 Further, PHAs may, but are not required to: •Stop using the EIV Income Report during interim reexams. •Use Safe Harbor income determinations from means-tested federal assistance programs to verify a family’s income and assets. Finally, in FAQs dated 2/22/24, HUD also stated PHAs may, but are not required to: •Accept third-party verification dated within 120 days of the date received by the PHA (rather than 60 days of the reexam/PHA request date); •Accept a statement dated within the appropriate benefit year for fixed income sources like Social Security; and •Accept a self-certification of SSNs along with a third-party document as a last resort if an individual is not able to provide documentation of SSN. More details about each of the above provisions can be found in Notice PIH 2023-27. Other than what’s listed above, all other provisions of HOTMA 102/104 are on hold still. This means PHAs may not implement certain provisions of HOTMA yet. These include: •All asset provisions, including the asset limitation; •All adjusted income provisions, with the exception of the definition of health and medical care expenses; •Inflationary adjustments (although PHA may use the HUD-determined passbook rate); •The new verification hierarchy, which allows for EIV + self-certification; •Annuals using the previous 12-month period income; •Interim reexam requirements; and •Non-interim reexam transactions. PHAs may not implement the above provisions because HUD has determined they depend on HIP implementation. PHAs should await further guidance from HUD on when these will be applicable. 47 48 Housing Authority of St. Louis Park Meeting date: May 14, 2025 Agenda item: 6c Title: Authorization to enter into an agreement with Vail Place for ROSS service coordination Recommended action: Staff recommends the Housing Authority Board approve entering into an agreement with Vail Place to provide service coordination services for the residents of Hamilton House for the FY2024 ROSS grant from June 1, 2025 through May 31, 2028. Policy consideration: Does the HA Board support renewing the agreement with Vail Place? Summary: The HA applied for and was awarded a three-year HUD Resident Opportunity and Self-Sufficiency (ROSS) FY2024 renewal grant in the amount of $272,250 from June 1, 2025 – May 31, 2028. This grant funds the ROSS service coordinator position which provides programming and services that allows Hamilton House residents to improve their quality of life and continue to live independently. Since 2007 the HA has contracted with Vail Place for the ROSS service coordinator position. Vail Place is a nonprofit based in Hopkins that helps people with serious mental illnesses by providing connections to essential services, supports, and resources. Vail Place uses the Clubhouse model to provide an integrated approach to mental health recovery. Services provided by Vail Place include housing assistance and support, case management, vocational services, benefit assistance, social-recreation activities, medication monitoring, meals and crisis assistance. The ROSS service coordinator works closely with staff, particularly the property manager, to address the needs of residents at Hamilton House. This position is a valuable resource to Hamilton House residents and staff have been pleased with the work of the Vail Place ROSS Coordinator and their fulfillment of the contract obligations. ROSS program funds allow Vail Place to continue to employ a full-time staff person to serve as service coordinator for Hamilton House tenants. The service coordinator assesses residents for needed social and medical services and works directly with the property manager and tenants on issues that if left unaddressed could result in lease violations and/or termination. The service coordinator develops individualized plans for residents and provides direct and ongoing oversight of the services. The service coordinator also develops and facilitates educational programs addressing health and wellness, digital inclusion, financial literacy and personal safety. Vail Place management staff provide supervision and program oversight to the project. HA staff oversees the fiscal management of the program and provides day-to-day collaboration with Vail Place on tenant related issues. The program has been in operation since 2007 and will continue to operate under the new grant until May 31, 2028. Supporting documents: ROSS Grant Notice of Award Prepared by: Marney Olson, housing manager Reviewed by: Nicole Randall, housing assistance administrator 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Housing Authority of St. Louis Park Meeting date: May 14, 2025 Agenda item: 6d Title: 2024 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 2024 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: 2024 housing activity report Prepared by: Marney Olson, housing supervisor Reviewed by: Angela Nelson, community development office assistant 73 Page 1 2024 Housing Activity Report 2024 Housing Activity Report Executive summary The purpose of this report is to provide an overview of the 2024 housing program activity in St. Louis Park. 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. 1. City housing policies, 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, page 9 a. Housing rehab projects (general remodeling) held fairly consistent between 2023 and 2024 for number of permits. Most projects were financed without using city loans. b. The city’s Architect Design Services and Remodeling Advisor Services usage have been decreasing; additional marketing efforts will be undertaken. c. Major remodeling projects and additions decreased in 2024. There were 33 additions and 73 major remodels with average valuations at $139,000 and $76,000 respectively. d. The Construction Management Plan (CMP) program has been in place since November 2014. In 2024 CMP letters were sent in for 23 major additions and one demo/rebuilds. 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, page 16 a. The down payment assistance (DPA) program was utilized to maximum capacity in 2024. The city provided loans to 24 first-time homebuyers (at or below 120% AMI). b. The city launched the first-generation homeownership program in late 2021. The first loan closed in 2022. Four loans closed in 2024 for a total of 9 loans since program inception. c. West Hennepin Affordable Housing Land Trust dba Homes Within Reach added three homes in St. Louis Park in 2024, for a total of 27 affordable land trust homes in the community. d. CDBG funds were used to fund the Deferred Loan Program for low-income residents in St. Louis Park and Homes Within Reach. (80% AMI) e. Emergency repair grants for low-income homeowners in St. Louis Park: three emergency repair grants were awarded in 2024 (50% AMI). f. STEP emergency rental assistance: In 2024, the city allocated $65,000 to STEP for emergency rental assistance, in addition to administrative and program-specific funding. 4. Housing matrix, page 18 a. Owner occupied properties (properties without a rental license) comprise 52% of the housing market in St. Louis Park; rental properties (units with a rental license) make up 48%. b. The single-family home ownership rate is 92%. c. In 2024, there are 1200 units of senior housing in St. Louis Park. 74 Page 2 2024 Housing Activity Report d. Maxfield Research completed their rental study in 2023. 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. e. The 2024 affordable ownership purchase price decreased to $290,700, $14,500 less than 2023 due to interest rate and hazard insurance rate increases. This affordable purchase price is $65,000 less than 2022 due to an interest rate increase in 2023. The significant reduction in the affordable purchase price also decreased the percentage of affordable homes. 25% of homes in St. Louis Park are assessed at or below this affordability limit. These homes are comprised of single-family detached houses, condominiums, and townhouses. 5. Foreclosures, page 24 a. The foreclosure rate remains extremely low. 6. Housing Authority rental assistance programs (30% AMI), page 25 a. The St. Louis Park Housing Authority affordable rental housing and rental assistance programs served approximately 620 households with rental assistance in 2024. Income eligibility limits are 50% AMI or below for the housing choice voucher (HCV) program and 80% or below for public housing; the majority of households served in public housing and the HCV program are below 30% AMI. 97% of households served by housing authority rental assistance programs are at or below 50% AMI with the majority (83%), below 30% AMI. All federally funded housing programs are counted as 30% AMI units because households typically pay no more than 30% of their income towards rent. b. The Housing Authority serves households with several special purpose vouchers including the Family Unification Program, Mainstream Vouchers and VASH which serves veterans (50% AMI and below). c. The St. Louis Park Housing Authority, in partnership with Hennepin County, has continued administering the Stable HOME rental assistance program which provides housing assistance to homeless or previously homeless individuals and families in Suburban Hennepin County. (50% AMI). d. Kids in the Park program – funding was increased in 2023 and in 2024 the program increased the number of households served from 20 to 30 (50% AMI and below). e. Lou Park Apartments – 19 tenants residing at Lou Park with project-based vouchers were transitioned to tenant-based vouchers administered by the Housing Authority (50% and below AMI). Housing authority rental assistance programs by AMI in 2024 30% AMI 50% AMI 60% AMI 80% AMI and over Percentage of Households 83% 14% 2% <1% 7. Program Descriptions, page 29 This section gives detailed descriptions of the various housing programs. 75 Page 3 2024 Housing Activity Report 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 Unit Type Current Policy Requirements Rental Projects • 20% of units at 60% AMI • 10% of units at 50% AMI • 5% of units at 30% AMI Ownership Projects Payment in lieu In 2024 the policy was updated to set a per unit cap on the payment in lieu for affordable homeownership developments and additional updates that provided clarity to developers in complying with the policy. 76 Page 4 2024 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 Phase 1 (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 Flats 2021 61 0 Parkway Place 2022 94 0 Zelia on 7 2023 25 217 22 65 50% 60% 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 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 60 16 30% 10 5 30 10 - 3 BR 77 Page 5 2024 Housing Activity Report 50 LURA** 27 17 50% 60% 5 - 4 BR Mera 2024 25 233 47 50% 10 19 16 2 Totals 2,561 616 -------- 82 228 215 91 Development Year built Length of affordability in years Total Units Affordable Units Affordability Level O-bedroom Affordable Units 1-bedroom Affordable Units 2-bedroom Affordable Units 3+bedroom Affordable Units Under construction Parkway Plaza 73 0 Achromatic 6013 36 0 Totals 109 0 0 0 0 0 Approved Beltline Station Dev. Bldg 1 152 0 Beltline Station Dev. Bldg 2 40 city 82 5 77 30% 60% 15 45 22 Beltline Station Dev. Bldg 3 146 0 Totals 380 82 15 45 22 • Central Park West Phase 1 and Phase 2 and Luxe were not subject to the Inclusionary Housing Policy and voluntarily included affordable units • Shoreham is a tax credit property resulting in 20% of units affordable at 50% AMI • 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 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 78 Page 6 2024 Housing Activity Report 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. The tenant protection ordinance requires a three- month period following the ownership transfer of a NOAH multifamily residential property during which the new owner would be required to pay relocation benefits to tenants if the rent is increased, existing residents are rescreened, or non-renewals are implemented without cause. NOAH properties are defined as buildings where at least 18% of the units have rents affordable to households with incomes at or below 60% Area Medium Income (AMI) to match the inclusionary housing policy affordability requirements at the time the policy was adopted. The ordinance does not prohibit a new owner from taking the management actions listed above; however, the owner would be required to provide resident relocation benefits if they do take any of those actions during the tenant protection period and a tenant decides to move as a result. The three-month protection period provides a period for residents to work with housing support resources and seek alternative housing if they are facing unaffordable rent increases, new screening criteria requirements that would be problematic for them, or a thirty- day non-renewal without cause notice to vacate. The ordinance requires the new owner of a NOAH building to provide notice of the ordinance protections to tenants of affordable housing units within 30 days of the sale of the building. The three-month tenant protection period begins once the notice has been given to the tenants. The sale of a NOAH property does not necessarily mean it will no longer be affordable. Some sales include rent restricted units and others remain affordable without rent restrictions. One sale in 2019 and one sale in 2023 have HUD project based units that required the property to remain affordable. 79 Page 7 2024 Housing Activity Report 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 • 3 in 2023 • 0 in 2024 Local affordable housing trust fund The city council approved establishing an affordable housing trust fund in 2018. 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. 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. Money in a housing trust fund may only be used to: • pay for administrative expenses not to exceed 10% of the balance of the fund; • 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. The city may finance the fund with any money available to a local government, unless expressly prohibited by state law. The proposed primary source of funding for the city’s trust fund is an annual budgeted allocation of HRA Levy funds, which was available beginning in 2020. Pooled TIF is has been another funding source since 2022. The city received special legislation in 2022 to allow for the deposit of pooled TIF for affordable housing into the affordable housing trust fund. The pooled TIF legislation expires at the end of 2025. The local housing trust fund guide was approved in 2019. 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 future redevelopment which will include housing. The EDA also purchased four single-family homes on Minnetonka Blvd between 2018 and 2022 for future affordable homeownership redevelopment purposes. NOAH Preservation (Naturally Occurring Affordable Housing) Housing staff continued to participate in a Regional Housing Workgroup to review and discuss strategies for preservation of NOAH. Additional preservation strategies including the multifamily rental rehab program, Legacy program and 4d were approved in 2018 and implemented in 2019 to preserve NOAH properties. Legacy program – 60% AMI and below Investors are buying NOAH apartment properties across the Twin Cities, often renovating the properties and increasing the rents. The City of St. Louis Park created the legacy program to encourage multifamily NOAH property owners in our community who are thinking about selling their property to consider connecting with a socially motivated investor who will preserve the affordability of their development. The city created a legacy program brochure outlining how an owner can make a difference by providing a legacy of affordable housing in St. Louis Park. The brochure was mailed to all class B and C multifamily rental properties. In 2021, the city expanded the Legacy program to include single family homes to connect potential sellers with Homes Within Reach to expand the land trust program in St. Louis Park and preserve affordable homeownership in the community. Homes Within Reach has communicated with homeowners about the program and one home in 80 Page 8 2024 Housing Activity Report 2022 and two homes in 2023 were 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 units in the city by providing financial incentive to qualified apartment owners for state property tax reductions in exchange for keeping 20 percent or more of the rental units affordable. The program also offers grants to help owners make energy efficiency and safety improvements to their properties. Affordability duration is 5 years with the ability to re-enroll for additional 5-year terms. This program was developed, approved, and marketed in 2018 to preserve affordable housing in St. Louis Park. One apartment building applied for 4d in 2019. Two property management companies covering four properties applied in 2023 to the 4d program preserving approximately 460 units at or below 60% AMI for a minimum of five years. In 2024, three new properties submitted 4d applications. Two of these properties are duplexes and will keep both units affordable. The third property is an apartment complex and entered into an agreement to keep 50 percent of the units affordable, for a total of 68 affordable units. Since the program began there have been 519 affordable housing units that have enrolled in the program and will remain affordable at or below 60% AMI for the duration of their participation. Table 3: 4d affordable units preserved Year Number of Units Preserved Expires 2019 17 2029 2023 464 2028 2024 38 2029 TOTAL 519 ------- Multifamily rental rehab program - 60% AMI and below The multifamily rental rehab program provides moderate 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 have been maintained, are in good standing, and wish to make improvements to their properties. 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 $50,000. Loans have 0% interest and are due upon the sale of the property. Owners must restrict the rents for a 10-year term or until the sale or transfer of the ownership of the property. 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. No properties participated in this program in 2019. Staff began evaluating the program in 2020 and modifying the program in 2021. In 2022, housing staff worked with the city’s environment and sustainability staff on a grant to evaluate housing and energy efficiency programs for multifamily properties to identify barriers to the use of the current programs and identify what changes would make the programs more beneficial to both property owners and tenants. One multifamily rental rehab loan closed in 2022 and three loans covering 149 units were closed in 2023. No loans were closed in 2024; however, one property was working with the city to apply in early 2025. A total of 702 NOAH units have been preserved since 2019 between the 4d and Multifamily rental rehab programs. 81 Page 9 2024 Housing Activity Report 2. Remodeling activity Residential permitted 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 less than $37,500. The average value per job in 2024 is approximately $9,700, a slight increase decrease compared to 2023. Permits include a wide range of projects including remodeling of existing spaces, window and door replacement, drain tile, insulation, foundation work, etc. 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. In 2020 the number of permits started to increase. The number of reroofs in 2023 and 2024 was nearly double 2022 and 2021. Residing has been more consistent over the last 10 years. Chart 2: Reroofing and Residing Permits 1084 1074 1203 1170 983 996 1044 1001 1018 811 796 0 500 1000 1500 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Number of Permits IssuedYear Maintenance & minor remodeling permits Alteration Residential (Minor) 131 104 80 107 163 162 296 591 590 1176 1114 70 47 86 62 85 63 122 205 205 156 227 0 500 1000 1500 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number of Permits IssuedYear Reroofing and residing permits Reroof Reside 82 Page 10 2024 Housing Activity Report • Additions and Major Remodeling The number of major remodeling permits (valued at more than $37,500) and additions decreased from last year. The average permit valuation for additions during 2024 is $139,000, which is approximately $51,500 less than the average permit valuation in 2023. The 2024 average valuation for major remodels is approximately $76,00 which is a slight increase of $2,000 more than 2023. 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 73 70 59 62 59 49 67 63 62 38 33 69 70 65 77 77 82 69 104 107 93 73 0 40 80 120 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number of Permits IssuedYear Addition and major remodel permit activity Addition Residential Major Remodels $25 $23 $25 $26 $28 $24.6 $31 $40 $36 $43.6 $38.4 0 20 40 60 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Permit Valuation -Million $Year Residential remodeling permit valuation 83 Page 11 2024 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 are great programs for residents who are considering a remodel or energy improvements. CEE has confirmed that St. Louis Park’s remodeling advisor visits are consistent with what they are seeing for other cities that utilize the program; however, staff will look at ways to increase marketing of the program so homeowners are aware of this great resource. The sustainability division of the building and energy department now administers the home energy visits. Chart 5: Architect and remodeling advisor visits Chart 6: Home energy visits 41 22 31 33 39 52 47 36 18 12 11 95 69 76 76 83 51 45 30 37 18 14 0 20 40 60 80 100 120 140 160 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number of VisitsYear Architect and remodeling advisor visits Architect Services Remodeling Advisor 173 125 170 109 85 130 166 128 112 216 246 0 50 100 150 200 250 300 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number of VisitsYear Home energy squad visits Home Energy Visits 84 Page 12 2024 Housing Activity Report Construction Management Plan Major additions (second story additions or additions of 500 square feet or more), demolitions and new construction projects need to comply with the Construction Management Plan (CMP). In 2024, the following neighborhood notifications were sent: 23 major additions and one demo/rebuild. The total permit valuation for CMP additions in 2024 was $3,618,400 with an average cost of $157,000. Chart 7: CMP Activity 32 37 33 33 17 19 38 19 8 2318 10 9 7 8 11 4 5 4 1 3 6 3 2 0 2 2 1 0 03101 2 1 0 0 0 00 5 10 15 20 25 30 35 40 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number of CMP ProjectsYear Construction Management Plan Activity Additions Demo/New Build New Build Demo only 85 Page 13 2024 Housing Activity Report 86 Page 14 2024 Housing Activity Report City Loans and rebates The following chart shows the number of Move Up and discount loans issued. The city buys down the interest rate on the Minnesota Housing Finance Agency’s community fix up loan for the discount loan with a maximum loan amount of $35,000. In 2020, interest rates dropped below the rate of the city’s buydown rate, so midway through the year no loans needed the city to buy down the rate. This continued through 2022. The city resumed the buy down program in 2023. The move up loan was underutilized for several years. Changes were made to income limits and maximum loan amount for the Move up loan in 2023 increasing the income limit to 120% AMI with a maximum loan amount of $35,000 and the program has seen an increase in usage with these changes. It is anticipated that an uptick in loan applications will occur in 2025 given the increase in interest rates. 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 4: Move-Up Transformation Loans Paid off in the last five years Year Number of Loans Paid Off Amount of Loans 2020 5 $114,327 2021 4 $77,876 2022 2 $50,000 2023 5 $96,514 2024 2 $48,699 Total paid off $387,416 6 7 10 6 3 6 1 2 2 5 6 17 13 11 6 5 6 5 0 0 7 5 0 25 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number Loans - Rebates Year Move up and discount loans Move up loans Discount loans 87 Page 15 2024 Housing Activity Report Table 5: 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 6 $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 Total $6,800,548 Detailed descriptions of each Move-Up Program are listed at the end of the report. 88 Page 16 2024 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, for purchasing a home in St. Louis Park. The loan is a zero percent interest deferred loan up to $15,000, not to exceed five percent 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. 24 DPA loans were closed in 2024. First generation program It’s recognized that historical and institutional racism has disproportionately created housing challenges and disparities for Black communities, as well as members of communities who do not identify as white, and other underserved low-income communities. Additionally, the income and education gap between households of color and white households has resulted in difficulty for Black and African American people and households of color to obtain mortgages, leading to ongoing wealth accumulation equity issues. The first-generation homeownership program is designed to address these historic injustices and inequities and to support inclusive and equitable communities by facilitating affordable homeownership and providing a means for wealth-building. The goal is to address housing disparities; build power in communities most impacted by housing challenges and disparities; pilot an innovative program to address housing challenges for Black communities as well as members of communities who don’t identify as white, and other underserved low-income communities. To be considered for the program, a buyer must be a first-generation homeowner meaning they have never owned a home and their 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 to provide 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 and another four loans closed in 2024 for a total of 9 loans issued at an average amount of just under $50,000 per loan since the program’s inception. Housing Improvement Area (HIA) The HIA is a finance 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, and the cost of the improvements are 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. HIA financing is authorized under state law and provides last resort financing for multifamily ownership housing developments. City staff work with the association to ensure financial stability within the association’s reserves going forward. To date, nine HIA’s have been established and nearly fourteen million dollars of improvements have been made to 1,310 units. 89 Page 17 2024 Housing Activity Report Emergency Repair Grant (50% AMI) The emergency repair grant that had previously been funded using CDBG funds is now funded with housing rehab dollars. Three emergency grants were issued in 2024. The maximum grant amount is $5,000. Community Development Block Grant (CDBG) (80% AMI) The CDBG calendar year runs from July 1 – June 30th. The FY2024 CDBG allocation of $169,216 was directed to the low-income deferred loan program administered by 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. The waiting list continues to grow for this program so additional city funding was budgeted with Hennepin County administering the program. Nine additional loans were committed in 2024 with the use of city funds. 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. Three homes were purchased in 2024. To date, Homes Within Reach has purchased 27 homes in St. Louis Park. Emergency rental assistance Annually, the City of St. Louis Park provides funding to the St. Louis Park Emergency Program (STEP) for emergency rental assistance and administrative support. STEP provides rental assistance for residents of St. Louis Park who have an unexpected crisis and cannot pay rent. The crisis mut be able to be resolved with the ability to pay next month’s rent. Documentation is requested at the time of application. Priority is given to those with gross 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 provided $65,000 in funding to STEP for emergency rental assistance and $54,290 in administrative support for a total of $119,290 in 2024. Information about STEP, county and state emergency rental assistance programs was shared with property owners and managers utilizing the SPARC e-newsletter. The information was also shared on the city’s website and via social media for residents of St. Louis Park. 90 Page 18 2024 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. • 12,944 units (48% 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 vs. 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) in 2024. • 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 used 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 relative homesteaded properties, vacant units, and properties that are not owner-occupied for at least 6 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 licenses are for occupied rental properties versus vacant homes, homes rented to family members, or properties in which the homeowner does not occupy the home for at least 6 months. Vacant properties are often identified by neighbors who contact the building and energy department who follow up with owners informing them of the requirement to apply for a rental license. One example occurred this year with several single-family homes that are currently being rehabbed where nobody is living in the unit. The city reached out to the owner resulting in those properties applying for and receiving a rental license. 89 90 89 93 94 94 93 93 93 93 92 66 67 67 78 79 81 83 80 82 82 83 0 50 100 2014 2015 2016 2017*2018*2019 2020 2021 2022 2023 2024Percentage YEAR Percent owner occupied units Single Family Detached Homes Condos & Townhomes 91 Page 19 2024 Housing Activity Report There were 936 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 in 2024. Over the past ten years the number of single-family non-owner-occupied licenses has fluctuated between 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 * The city does not track the various types of licensed single-family homes and therefore does not have data on how many of the licenses are for occupied rental properties versus vacant homes, homes rented to family members, or properties in which the owner does not occupy the home for at least 6 months or more. Family-size single-family homes One of the city’s housing goals is to increase the number of family-size homes available in the city. “Family-size single-family homes” are defined as exceeding 1,500 square feet of living space, having 3 or more bedrooms, 2 or more baths, and at minimum a 2-car garage. According to the Assessing Department, 2,533 – or 22% – of St. Louis Park single family homes meet this threshold. This is an increase 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 senior, however there are additional preferences so not all residents are seniors. • Three developments are “affordable.” Hamilton House is Public Housing; Menorah West and Menorah Plaza are multi-family subsidized senior housing. • Two 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 is 1,366. 851 899 855 850 814 828 871 849 900 936 740 760 780 800 820 840 860 880 900 920 940 960 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Single-family non-owner occupied* licenses 92 Page 20 2024 Housing Activity Report Table 6: 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 Apts 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 93 Page 21 2024 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. In 2024, the metro area median income (AMI) for a household of four was $124,200. 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 7: Multifamily market-rate rental units by AMI 94 Page 22 2024 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 2024 affordable ownership purchase price is at or below $290,200, which is the affordable homeownership purchase price for households at 80% AMI ($97,800). The affordable purchase price at 80% AMI decreased by $14,400 from 2023 due to increased insurance rates and higher interest rates. The matrix also shows the data for single-family homes, condos, and townhomes valued at $217,400 or less, which is the 60% AMI affordable ownership purchase price, and is a decrease in purchase price of $16,800. • In 2024, 3,957 (25%) 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 compared to 4,832 in 2023. The affordable ownership purchase price decreased by $14,500 compared to 2023 due to increased insurance rates and higher interest rates. The interest rate is the primary change in the assumptions to determine affordability, increasing from 5.5% to 6.25% and a modest increase in hazard insurance from $100/month to $117/month. The Metropolitan Council includes the following assumptions in determining the affordable ownership price: 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 o A property tax rate of 1.00% of the property sales price o Mortgage insurance at 0.85% of unpaid principal o $117/month for hazard insurance 95 Page 23 2024 Housing Activity Report Table 8: St. Louis Park Housing Matrix December 31, 2024 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 2024Afforda ble 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 11,602 43% 10,666 936 2,533 148 1200 37 public housing Duplex 436 2% 114 322 Condos and townhomes 3,565 13% 2,956 609 1,564 2,757 166 Apartments 11,077 42% 11,077 4153 6603 1,073 1200 Totals 26,680 13,741 52% 12,944 48% 2,533 22% 1,712 11% 3957 25% 4153 51% 6603 81.% 1,110 9% 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. 96 Page 24 2024 Housing Activity Report 5. Foreclosures Foreclosures are measured by the number of sheriff sales. The number of residential foreclosures in St. Louis Park and throughout Hennepin County remains low with 13 foreclosures in 2024. 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 54 47 31 36 19 15 4 4 7 11 13 0 40 80 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number of Sherrif Sales Year Residential Foreclosures by Year 39 28 21 25 16 11 3 2 6 6 111415 6 9 2 4 1 1 1 3 2 1 4 4 2 1 0 0 1 0 2 00 50 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Number Sherrif SalesYear Residential foreclosures by housing type Single Family Detached Condos Townhome & DB 97 Page 25 2024 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, and Kids in the Park 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 the greatest 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 $16,108 which is below 30% AMI. The average income for the scattered site single-family homes and Louisiana Court public housing units is $43,792. Family sizes in Louisiana Court and the scattered site houses range from two to 11 people per home. Table 9: Percentage of public housing units by AMI 30% AMI 50% AMI 60% AMI 80% or above 81% 13% 3% 3% 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. The 2024 annual budget for Public Housing was $1,491,689. The HA received an award of $361,715 for the 2024 Capital Fund Program (CFP). CFP funds need to be obligated within two years and spent within four years. Table 10: 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 98 Page 26 2024 Housing Activity Report Housing Choice Voucher Program (HCV) – 50% AMI or below The HA is allocated a total of 382 Housing Choice 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 $19,224 which is below 30% AMI. HCV participants pay at least 30% of their income towards rent and can choose to pay up to 40%. The 2024 annual budget for HCV and Mainstream was $5,066,613. 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 Housing Authority (HA) was awarded 12 Family Unification Vouchers (FUP) at the end of 2019 and an additional 15 units in 2020. 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 or and not more than 24 years old who: left foster care at age 16 or older to 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. 27 FUP vouchers were utilized in 2024. Foster Youth to Independence (FYI) – New vouchers awarded – 50% AMI and below 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 6 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 providing 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 December 31, 2024 housing authority has a total of 24 FYI vouchers and 21 of them are leased up with three vouchers are issued and they are searching for housing. 99 Page 27 2024 Housing Activity Report Mainstream The HA was awarded seven additional Mainstream vouchers via the CARES Act in 2020, adding to the eight mainstream vouchers awarded previously. 10 additional Mainstream vouchers were awarded in 2022 bringing the HA’s total number of MS vouchers to 25. 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, or at serious risk of homelessness, or homeless. 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. 25 mainstream vouchers were utilized in 2024. 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 December 31, 2024, 19 remained at Lou Park, the remainder have chosen to use their voucher to move to a different complex. 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. All parties involved in the sale of Perspectives navigated the process with the goal of preserving affordable housing and supportive services. Perspectives accepted a suitable offer from Trellis Co. to purchase the five buildings, maintain all affordable restrictions, assume the project-based rental assistance contract, and assume and continue all tenant leases. Trellis’ acquisition and the bankruptcy court’s approval of the sale were contingent upon both new financing from Greater Minnesota Housing Fund and the assignment and assumption of all secured debt from multiple sources including Hennepin County, Hennepin County Housing and Redevelopment Authority, Community Development Block Grant funds from the City of St. Louis Park and City of Edina, Minnesota Housing Finance Agency and Family Housing Fund. Residents at the property had been without onsite supportive services for nearly one year. Trellis resumed supportive services and partnered with Missions as their provider. 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. Missions intends to provide the same services Perspectives previously provided with the exception of childcare. In September Trellis named the property Bickham Court after George Bickham who worked at Perspectives as a teacher and mentor for 22 years before he died in January 2022 at the age of 46. Trellis contacted his family and they said they would be thrilled to have it named after him. The St. Louis Park Housing Authority Board approved the assignment of the project-based contract with Perspectives to Trellis in July for 22 project-based units and a 20 year project based contract extension at the September 2024 board meeting. In late 2024, Minnesota Housing announced that Bickham Court, formerly Perspectives Apartments, was selected by Minnesota Housing for over $8 million in substantial rehab funding. The HA Board’s approval of a 20-year project-based voucher contract was a critical element of their application to Minnesota Housing. 100 Page 28 2024 Housing Activity Report Wayside The Housing Authority (HA) has provided project-based vouchers (PBV) to Wayside House properties located at 1341 and 1349 Jersey Ave S 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 11: HCV Lease-Up Report HCV (and special purpose voucher) Lease Up Report as of December 31, 2023 Utilized (leased and vouchers issued) Allocated Housing Choice Voucher 243 250 Project Based Vouchers (PBV) 36 36 Family Unification Program (FUP) *including 7 project-based vouchers 20 27 Lou Park (tenant protection vouchers) 19 19 Veterans Affairs Supportive Housing (VASH) 22 25 Foster Youth to Independence (FYI) 21 24 Mainstream *including 3 project-based vouchers 25 25 Total (95% utilized) 386 406 Port Ins 10 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 10 “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. Stable HOME Rental Assistance Program – 50% AMI 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, 60 families throughout suburban Hennepin County were served by this program in 2024. Kids in the Park Rent Assistance Program – 50% AMI and below – 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 in 2023 and 2024. 101 Page 29 2024 Housing Activity Report 7. Program descriptions Technical, Design, and Conservation Services Architectural Design Service – no income restrictions This service provides an architectural consultation for residents to assist with remodeling and expansions. Residents select an approved architect from a pool developed in conjunction with the MN Chapter of the American Institute of Architects. All homeowners considering renovations are eligible for this service; however, to ensure committed participants, residents make a $25 co-pay. Remodeling/Rehab Advisor – no income restrictions This service provides help to residents to navigate improvements to their homes (either maintenance or value-added improvements) by providing technical help before and during the construction process. All homeowners are eligible for this service regardless of income. Resident surveys indicated that homeowners valued the service and would recommend it to others. The city contracts with the Center for Energy and Environment (CEE) for this free service to homeowners. Home Energy Squad visit – no income restrictions 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, which began in March 2012, is administered by the Center for Energy and Environment (CEE). Depending on whether the resident chooses a “Saver”-level visit or a “Planner”-level visit, the city pays 50 percent of the $70 or $100 visit and the resident pays the other 50 percent. The program leverages funds from Xcel Energy, Center Point Energy, and CEE. Free home energy visits are available to low-income households (which was updated in 2021 from 60% AMI to 80%). The city’s portion of the visit costs are funded using the Climate Investment Fund. The 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 finding insulation contractors. All single family, duplex, triplex and quadplex homeowners are eligible. The Home Energy Squad visits qualify residents for CEE’s low interest financing and utility rebates, and they also notify residents of city loan and cost share opportunities. Construction Management Plan The city recognizes that many households are looking for larger homes and supports keeping families in the city. As a result, significant additions and/or tearing down of existing homes and rebuilding larger homes is becoming more common. Because St. Louis Park is a fully built community, these major additions and construction of new homes impacts the surrounding neighbors. Effective November 15, 2014, major additions (second story additions or additions of 500 square feet or more), demolitions and new construction need to comply with a Construction Management Plan (CMP) per City Code 6-71. Major additions, tear downs and new construction are required to send a written neighborhood notification to neighbors within 200 feet of the property. Demolitions and/or new construction also require a neighborhood meeting and signage. Financial Programs To encourage growing families to stay in St. Louis Park, the city has developed and implemented a number of programs toward this effort. 102 Page 30 2024 Housing Activity Report Discount Loan Program – 115% AMI This program encourages residents to improve their homes by “discounting” the interest rate on the Minnesota Housing Finance Agency (MN Housing) home improvement loans for income eligible residents. Eligible improvements include most home improvement projects with the exception of luxury items such as pools. Implementation of discounting of MHFA loans began in late 1999 as a pilot project. In the past the city would buy down the interest rate for income eligible households. Since 2000 the interest rate has been below the buy down rates, so the city has not had to buy down the interest rate for this program in 2020 or 2021. Residents can apply through CEE to utilize this loan. Move – Up Transformation Loan – 120% AMI The purpose of this loan is to encourage residents with incomes at or below 100/115% of median area income ($120,600 for a family of one - four) to expand their homes. The program provides deferred loans for 25% of the applicant’s home expansion project cost, with a maximum loan of $35,000. The revolving loan pool will continue to fund future expansions. This loan requires significant upfront work by the residents, from deciding on the scope of the project to selecting contractors. Loan guidelines are: • Only residents making significant expansions are eligible. The minimum project cost must exceed $35,000. • The maximum loan amount is $35,000. • The loan has 0% interest with a carrying cost fee of 3% paid by the borrower which covers the lender’s administrative fee. • Loan is forgiven after 30 years if homeowner continues to live in the home. Emergency Repair Grant 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). 103 104 Housing Authority of St. Louis Park Meeting date: May 14, 2025 Agenda item: 6e Title: Letter of board support for federally funded housing programs discussion Recommended action: No action required. This report is for informational purposes only. Summary: Board Chair Thom Miller is inquiring as to whether the board is interested in sending a letter similar to the example in the packet. Thom believes that it is important for all of our residents and particularly our HCV tenants to know that the HA is aware of the issues surrounding HCV, that we highly value this program, and that we are willing to communicate our concerns to our representatives. (The intention here is to send one letter to each representative and cc: the other two) Supporting documents: Draft letter of support by Chair Miller 105 DRAFT The Honorable Amy Klobuchar 425 Dirksen Senate Building Washington, DC 20510 Dear Senator Klobuchar: The St. Louis Park Housing Authority Board is deeply concerned about the current administration creating uncertainty surrounding the HUD Housing Choice Voucher (HCV) program. Here in St. Louis Park, our staff has worked tirelessly for many years to develop a solid, high-functioning HCV administrative body—not an easy task given such complex elements as the lack of affordable housing inventory, the sensitivity of tenant communications, and the details of the HCV program itself. While we're painfully aware of the housing affordability challenge, our specific community features a relatively high level of rentable properties, more than most Twin Cities suburbs. Our staff has done an outstanding job pairing that inventory with the vouchers that we're able to secure. Thank you for your work to retain the HUD Housing Choice Voucher program With best regards, St. Louis Park Housing Authority Board cc: U.S. Senator Tina Smith U.S. Representative Ilhan Omar St. Louis Park Housing Authority Staff 106 Check# Bank - Vendor - DatePayable # PropertyAmount Account30992 (genfund) - Randall (v0001144) - 04/24/25 (04/25) (Voider) NAHRO Fall Conference - Brainerd - meals per diemP-1982hcv-139.24 414000000 - Staff TrainingTotal 30992 (genfund) - Randall (v0001144) - 04/24/25 (04/25) (Voider)-139.2431240 (genfund) - All, Inc. (v0000065) - 04/03/25 (04/25) Range installP-6884scatter545.50 442001000 - Maintenance MaterialsTotal 31240 (genfund) - All, Inc. (v0000065) - 04/03/25 (04/25)545.5031241 (genfund) - CMT Janitorial Services (v0000311) - 04/03/25 (04/25) Cleaning April 2025P-6878hamilton2,500.00 443010000 - Contract-Janitorial/CleaningTotal 31241 (genfund) - CMT Janitorial Services (v0000311) - 04/03/25 (04/25)2,500.0031242 (genfund) - Dashboard Solution LLC (v0000377) - 04/03/25 (04/25) Consulting service 2.1.25 - 2.15.25P-6879hamilton1,119.00 419022000 - Other Misc Admin Expenses Consulting service 2.1.25 - 2.15.25P-6879hcv1,119.00 419022000 - Other Misc Admin Expenses Consulting services 3.1.25 - 3.15.25P-6880hamilton1,331.25 419022000 - Other Misc Admin Expenses Consulting services 3.1.25 - 3.15.25P-6880hcv1,331.25 419022000 - Other Misc Admin ExpensesTotal 31242 (genfund) - Dashboard Solution LLC (v0000377) - 04/03/25 (04/25)4,900.5031243 (genfund) - Finn Daniels Architects (v0000491) - 04/03/25 (04/25) HH PrintingP-6883hamilton139.00 419022000 - Other Misc Admin ExpensesTotal 31243 (genfund) - Finn Daniels Architects (v0000491) - 04/03/25 (04/25)139.0031244 (genfund) - Minnesota NAHRO (v0000923) - 04/03/25 (04/25) '25 Spring Symposium registrationP-6886hcv250.00 414000000 - Staff TrainingTotal 31244 (genfund) - Minnesota NAHRO (v0000923) - 04/03/25 (04/25)250.0031245 (genfund) - Nan Mckay & Associates Inc (v0000986) - 04/03/25 (04/25) Annual Subscription FeeP-6876hcv209.50 419022000 - Other Misc Admin Expenses Annual Subscription FeeP-6876hamilton209.50 419022000 - Other Misc Admin ExpensesTotal 31245 (genfund) - Nan Mckay & Associates Inc (v0000986) - 04/03/25 (04/25)419.0031246 (genfund) - Platinum Standard Elevator LLC (v0001095) - 04/03/25 (04/25) HH Elevator MaintenanceP-6882hamilton278.00 443017000 - Contract-Elevator MonitoringTotal 31246 (genfund) - Platinum Standard Elevator LLC (v0001095) - 04/03/25 (04/25)278.0031247 (genfund) - S.P. Home And Cleaning Company Llc (v0001211) - 04/03/25 (04/25) unit cleaningP-6885scatter815.00 443019000 - Unit Turnaround Contract CostTotal 31247 (genfund) - S.P. Home And Cleaning Company Llc (v0001211) - 04/03/25 (04/25)815.0031248 (genfund) - SPS Companies, Inc. (v0001338) - 04/03/25 (04/25) HH PartsP-6881hamilton357.57 442001000 - Maintenance MaterialsPayment DetailPage 1Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PMAgenda item: 7a.107 Check# Bank - Vendor - DatePayable # PropertyAmount AccountTotal 31248 (genfund) - SPS Companies, Inc. (v0001338) - 04/03/25 (04/25)357.5731249 (genfund) - Yardi Systems, Inc. (v0001591) - 04/03/25 (04/25) Software feesP-6877hamilton7,560.85 419012000 - Software Software feesP-6877stablehm1,999.70 419012000 - Software Software feesP-6877kidspark1,323.33 419012000 - Software Software feesP-6877ms51,112.58 419012000 - Software Software feesP-6877hcv16,182.90 419012000 - SoftwareTotal 31249 (genfund) - Yardi Systems, Inc. (v0001591) - 04/03/25 (04/25)28,179.3631250 (genfund) - Menards (v0000873) - 04/10/25 (04/25) materialsP-6943scatter224.98 442001000 - Maintenance MaterialsTotal 31250 (genfund) - Menards (v0000873) - 04/10/25 (04/25)224.9831251 (genfund) - Muska Plumbing LLC (v0000979) - 04/10/25 (04/25) - toilet installP-6938hamilton447.20 443011000 - Contract-Plumbing install vanity faucetP-6941hamilton210.00 443011000 - Contract-Plumbing RPZ permit & testingP-6942hamilton456.00 443011000 - Contract-PlumbingTotal 31251 (genfund) - Muska Plumbing LLC (v0000979) - 04/10/25 (04/25)1,113.2031252 (genfund) - New Horizon Tree Service (v0001002) - 04/10/25 (04/25) HH tree trimming & clearanceP-6944cfp20242,500.00 140010000 - Site ImprovementTotal 31252 (genfund) - New Horizon Tree Service (v0001002) - 04/10/25 (04/25)2,500.0031253 (genfund) - Platinum Standard Elevator LLC (v0001095) - 04/10/25 (04/25) HH service callP-6935hamilton1,004.00 443017000 - Contract-Elevator MonitoringTotal 31253 (genfund) - Platinum Standard Elevator LLC (v0001095) - 04/10/25 (04/25)1,004.0031254 (genfund) - P.Q.L., Inc. (v0001109) - 04/10/25 (04/25) HH materialsP-6946hamilton184.80 442001000 - Maintenance MaterialsTotal 31254 (genfund) - P.Q.L., Inc. (v0001109) - 04/10/25 (04/25)184.8031255 (genfund) - Snyder Electric Co (v0001324) - 04/10/25 (04/25) HH - wire & install exit lightsP-6936hamilton1,095.01 443006000 - Contract-Electrical install light & bath fanP-6939scatter371.45 443006000 - Contract-Electrical install fan and switchesP-6940scatter786.74 443006000 - Contract-ElectricalTotal 31255 (genfund) - Snyder Electric Co (v0001324) - 04/10/25 (04/25)2,253.2031256 (genfund) - Sundberg America LLC (v0001391) - 04/10/25 (04/25) HH MaterialsP-6937hamilton80.35 442001000 - Maintenance MaterialsTotal 31256 (genfund) - Sundberg America LLC (v0001391) - 04/10/25 (04/25)80.35Payment DetailPage 2Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PM108 Check# Bank - Vendor - DatePayable # PropertyAmount Account31257 (genfund) - Vail Place (v0001489) - 04/10/25 (04/25) HH - Admin Allocation & Ser Coor Serv 3/25P-6945rosssvc6,000.00 421002000 - Project Coordinator HH - Admin Allocation & Ser Coor Serv 3/25P-6945rosssvc620.83 419022000 - Other Misc Admin ExpensesTotal 31257 (genfund) - Vail Place (v0001489) - 04/10/25 (04/25)6,620.8331258 (genfund) - Complete Payment Recovery Services (v0001660) - 04/10/25 (04/25) - replacement of stopped paymentP-6933hamilton240.00 419022000 - Other Misc Admin ExpensesTotal 31258 (genfund) - Complete Payment Recovery Services (v0001660) - 04/10/25 (04/25)240.0031259 (genfund) - Culligan (v0001661) - 04/10/25 (04/25) Solar SaltP-6934scatter66.00 442001000 - Maintenance MaterialsTotal 31259 (genfund) - Culligan (v0001661) - 04/10/25 (04/25)66.0031260 (genfund) - Hennepin County Treasurer (v0001662) - 04/14/25 (04/25) 2024 Pilot paymentP-6947scatter22,397.95 452000000 - Payments in Lieu of Taxes 2024 Pilot paymentP-6947hamilton13,903.61 452000000 - Payments in Lieu of TaxesTotal 31260 (genfund) - Hennepin County Treasurer (v0001662) - 04/14/25 (04/25)36,301.5631261 (genfund) - Adam's Pest Control, Inc. (v0000030) - 04/17/25 (04/25) Bed Bug inspectionP-6951hamilton149.00 443007000 - Contract-Pest ControlTotal 31261 (genfund) - Adam's Pest Control, Inc. (v0000030) - 04/17/25 (04/25)149.0031262 (genfund) - Aspen Waste Systems (v0000126) - 04/17/25 (04/25) HH Garbage ServiceP-6956hamilton2,705.86 434000000 - Garbage/Trash RemovalTotal 31262 (genfund) - Aspen Waste Systems (v0000126) - 04/17/25 (04/25)2,705.8631263 (genfund) - Brothers Services (v0000229) - 04/17/25 (04/25) Duct/Dryer vent cleaningP-6952scatter400.00 443099000 - Contract Costs-OtherTotal 31263 (genfund) - Brothers Services (v0000229) - 04/17/25 (04/25)400.0031264 (genfund) - Centerpoint Energy Minnegasco (v0000288) - 04/17/25 (04/25) 2.24.25-3.25.25P-6953scatter85.58 433000000 - GasTotal 31264 (genfund) - Centerpoint Energy Minnegasco (v0000288) - 04/17/25 (04/25)85.5831265 (genfund) - Hawkins Ash Cpa'S (v0000597) - 04/17/25 (04/25) REAC and Consulting servicesP-6957hamilton1,275.00 417000000 - Accounting Fees REAC and Consulting servicesP-6957hcv2,075.00 417000000 - Accounting Fees REAC and Consulting servicesP-6957kidspark325.00 417000000 - Accounting Fees REAC and Consulting servicesP-6957stablehm325.00 417000000 - Accounting FeesTotal 31265 (genfund) - Hawkins Ash Cpa'S (v0000597) - 04/17/25 (04/25)4,000.0031266 (genfund) - JR'S Appliance Disposal Inc (v0000721) - 04/17/25 (04/25)Payment DetailPage 3Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PM109 Check# Bank - Vendor - DatePayable # PropertyAmount Account HH TV disposal feesP-6954hamilton105.00 434000000 - Garbage/Trash RemovalTotal 31266 (genfund) - JR'S Appliance Disposal Inc (v0000721) - 04/17/25 (04/25)105.0031267 (genfund) - Minnesota Multi Housing Association (v0000922) - 04/17/25 (04/25) Renewal duesP-6961hamilton715.35 419022000 - Other Misc Admin Expenses Renewal duesP-6961hcv715.35 419022000 - Other Misc Admin ExpensesTotal 31267 (genfund) - Minnesota Multi Housing Association (v0000922) - 04/17/25 (04/25)1,430.7031268 (genfund) - Muska Plumbing LLC (v0000979) - 04/17/25 (04/25) Reset toilet/install vanityP-6955scatter496.85 443011000 - Contract-PlumbingTotal 31268 (genfund) - Muska Plumbing LLC (v0000979) - 04/17/25 (04/25)496.8531269 (genfund) - Redpath And Company (v0001155) - 04/17/25 (04/25) 2024 Financial auditP-6958hamilton2,500.00 417100000 - Auditing Fees 2024 Financial auditP-6958hcv3,000.00 417100000 - Auditing FeesTotal 31269 (genfund) - Redpath And Company (v0001155) - 04/17/25 (04/25)5,500.0031270 (genfund) - City of St. Louis Park (v0001618) - 04/17/25 (04/25) recycling contaminationP-6959scatter100.00 434000000 - Garbage/Trash Removal 2019 Ford oil change & wiper replacementP-6960hamilton87.34 443099000 - Contract Costs-OtherTotal 31270 (genfund) - City of St. Louis Park (v0001618) - 04/17/25 (04/25)187.3431271 (genfund) - (t0002482) - 04/18/25 (04/25) Refunding Q-2383P-6962hamilton169.49 211402000 - Security Deposit Clearing AccountTotal 31271 (genfund) - (t0002482) - 04/18/25 (04/25)169.4931272 (genfund) - (t0002847) - 04/18/25 (04/25) Refunding Q-2387P-6963hamilton795.16 211402000 - Security Deposit Clearing AccountTotal 31272 (genfund) - (t0002847) - 04/18/25 (04/25)795.1631273 (genfund) - Adam's Pest Control, Inc. (v0000030) - 04/25/25 (04/25) bed bug treatmentP-6986hamilton789.00 443007000 - Contract-Pest Control & 408 bed bug inspectionP-6987hamilton149.00 443007000 - Contract-Pest ControlTotal 31273 (genfund) - Adam's Pest Control, Inc. (v0000030) - 04/25/25 (04/25)938.0031274 (genfund) - CMT Janitorial Services (v0000311) - 04/25/25 (04/25) HH Cleaning May '25P-6990hamilton2,500.00 443010000 - Contract-Janitorial/CleaningTotal 31274 (genfund) - CMT Janitorial Services (v0000311) - 04/25/25 (04/25)2,500.0031275 (genfund) - Jerry's Do It Best Hardware (v0000696) - 04/25/25 (04/25) HH Misc PartsP-7000hamilton62.54 442001000 - Maintenance Materials SS Misc PartsP-7000scatter62.53 442001000 - Maintenance MaterialsPayment DetailPage 4Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PM110 Check# Bank - Vendor - DatePayable # PropertyAmount AccountTotal 31275 (genfund) - Jerry's Do It Best Hardware (v0000696) - 04/25/25 (04/25)125.0731276 (genfund) - Junk King (v0000723) - 04/25/25 (04/25) Junk removalP-6991hamilton188.00 434000000 - Garbage/Trash Removal garbage removalP-6996scatter568.00 434000000 - Garbage/Trash RemovalTotal 31276 (genfund) - Junk King (v0000723) - 04/25/25 (04/25)756.0031277 (genfund) - La Van Floor Covering Company (v0000765) - 04/25/25 (04/25) bathroom flooringP-6985scatter1,330.00 443099000 - Contract Costs-OtherTotal 31277 (genfund) - La Van Floor Covering Company (v0000765) - 04/25/25 (04/25)1,330.0031278 (genfund) - Louisiana Court Apartments (v0000816) - 04/25/25 (04/25) Louisiana Court 1st Qtr Subsidy '25P-6999louisian6,482.60 459000000 - Other General ExpenseTotal 31278 (genfund) - Louisiana Court Apartments (v0000816) - 04/25/25 (04/25)6,482.6031279 (genfund) - Minnesota NAHRO (v0000923) - 04/25/25 (04/25) Webinar TrainingP-6998scatter65.00 414000000 - Staff TrainingTotal 31279 (genfund) - Minnesota NAHRO (v0000923) - 04/25/25 (04/25)65.0031280 (genfund) - Muska Plumbing LLC (v0000979) - 04/25/25 (04/25) remove &install toiletP-6978scatter504.78 443011000 - Contract-Plumbing repair kitchen sinkP-6979hamilton296.35 443011000 - Contract-Plumbing replace water supply faucet lineP-6988scatter158.21 443011000 - Contract-PlumbingTotal 31280 (genfund) - Muska Plumbing LLC (v0000979) - 04/25/25 (04/25)959.3431281 (genfund) - Platinum Standard Elevator LLC (v0001095) - 04/25/25 (04/25) HH Elevator maintenanceP-6982hamilton286.00 443017000 - Contract-Elevator MonitoringTotal 31281 (genfund) - Platinum Standard Elevator LLC (v0001095) - 04/25/25 (04/25)286.0031282 (genfund) - S.P. Home And Cleaning Company Llc (v0001211) - 04/25/25 (04/25) - deep cleaning-move outP-6989hamilton673.41 443019000 - Unit Turnaround Contract CostTotal 31282 (genfund) - S.P. Home And Cleaning Company Llc (v0001211) - 04/25/25 (04/25)673.4131283 (genfund) - Snyder Electric Co (v0001324) - 04/25/25 (04/25) HH Exterior lightsP-6977hamilton733.01 443006000 - Contract-Electrical HH add generator panelP-6983cfp20248,810.00 443006000 - Contract-ElectricalTotal 31283 (genfund) - Snyder Electric Co (v0001324) - 04/25/25 (04/25)9,543.0131284 (genfund) - STEP (v0001366) - 04/25/25 (04/25) FSS Management Mar. 2025P-6980fssgrant5,244.75 419023000 - Sundry Exp - STEP KIP Case Mgmt 1st Qtr 2025P-6981kidspark3,560.00 311201000 - Tenant Based SubsidyTotal 31284 (genfund) - STEP (v0001366) - 04/25/25 (04/25)8,804.75Payment DetailPage 5Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PM111 Check# Bank - Vendor - DatePayable # PropertyAmount Account31285 (genfund) - Sundberg America LLC (v0001391) - 04/25/25 (04/25) materialsP-6975scatter64.73 442001000 - Maintenance Materials materialsP-6976scatter24.54 442001000 - Maintenance MaterialsTotal 31285 (genfund) - Sundberg America LLC (v0001391) - 04/25/25 (04/25)89.2731286 (genfund) - ODP Business Solutions, LLC (v0001612) - 04/25/25 (04/25) 1099sP-6994hamilton55.68 419004000 - Office Supplies HH SuppliesP-6995hamilton27.53 419004000 - Office Supplies SS SuppliesP-6995scatter27.52 419004000 - Office SuppliesTotal 31286 (genfund) - ODP Business Solutions, LLC (v0001612) - 04/25/25 (04/25)110.7331287 (genfund) - MRI Software (v0001616) - 04/25/25 (04/25) SS ApplicationsP-6984scatter74.00 419022000 - Other Misc Admin Expenses HH ApplicationsP-6984hamilton31.00 419022000 - Other Misc Admin ExpensesTotal 31287 (genfund) - MRI Software (v0001616) - 04/25/25 (04/25)105.0031288 (genfund) - ImperialDade (v0001624) - 04/25/25 (04/25) HH Cleaning suppliesP-6992hamilton205.48 442001000 - Maintenance Materials HH Cleaning suppliesP-6993hamilton53.26 442001000 - Maintenance MaterialsTotal 31288 (genfund) - ImperialDade (v0001624) - 04/25/25 (04/25)258.7431289 (genfund) - Grainger (v0001647) - 04/25/25 (04/25) HH MaterialsP-6997hamilton68.68 442001000 - Maintenance MaterialsTotal 31289 (genfund) - Grainger (v0001647) - 04/25/25 (04/25)68.6831290 (genfund) - Acme Tuckpointing & Restoration (v0001663) - 04/25/25 (04/25) HH Canopy tuckpointingP-7001hamilton1,288.00 443099000 - Contract Costs-OtherTotal 31290 (genfund) - Acme Tuckpointing & Restoration (v0001663) - 04/25/25 (04/25)1,288.0031291 (genfund) - Thermo-Tech Windows LLC (v0001664) - 04/25/25 (04/25) Window serviceP-7002scatter295.09 443099000 - Contract Costs-OtherTotal 31291 (genfund) - Thermo-Tech Windows LLC (v0001664) - 04/25/25 (04/25)295.0931292 (genfund) - Johnson (t0002887) - 04/25/25 (04/25) FSS DisbursementP-6967hcv401.26 230700000 - FSS EscrowTotal 31292 (genfund) - Johnson (t0002887) - 04/25/25 (04/25)401.2631293 (genfund) - St Louis Park Housing Authority (v0000001) - 04/25/25 (04/25) FSS DisbursementP-6968hcv190.00 230700000 - FSS EscrowTotal 31293 (genfund) - St Louis Park Housing Authority (v0000001) - 04/25/25 (04/25)190.00Payment DetailPage 6Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PM112 Check# Bank - Vendor - DatePayable # PropertyAmount Account31294 (genfund) - Randall (v0001144) - 04/25/25 (04/25) NAHRO Fall Conference - Brainerd - meals per diemP-1982hcv139.24 414000000 - Staff TrainingTotal 31294 (genfund) - Randall (v0001144) - 04/25/25 (04/25)139.2431295 (genfund) - Xcel Energy (v0001586) - 04/25/25 (04/25) URP 04/25 P-7004scatter140.00 471501001 - Tenant Utility Payments-Public HousingTotal 31295 (genfund) - Xcel Energy (v0001586) - 04/25/25 (04/25)140.002400096 (genfund) - Comcast (v0001635) - 04/17/25 (04/25) HH Comcast 3.24.25P-6950hamilton127.01 419007000 - TelephoneTotal 2400096 (genfund) - Comcast (v0001635) - 04/17/25 (04/25)127.01140,534.79Payment DetailPage 7Bank=genfund AND mm/yy=02/2025-04/2025 AND Check Date=04/01/2025-04/30/2025 AND AllChecks=Yes AND Include Voids=All Checks AND Payment Method=CheckWednesday, May 07, 202503:29 PM113 114 Revenue&Expenses INCOME TENANT INCOME Rental Income Tenant Rent Total Rental Income Other Tenant Income Laundry and Vending Cleaning Fee Late Charges NSF Charges Other Income -Laundry Low Income Public Housing Income Statement Period = Jan 2025 Book = Accru�I Period to Date 77,772 77,772 2,457 75 160 90 439 Tenant Payment Agreement (TPA) Ren Tenant Payment Agreement (TPA) FraL Tenant Payment Agreement (TPA) Oth1 2,630 -273 95 Agenda Item: 7b Year to Date 77,772 77,772 2,457 75 160 90 439 2,630 -273 95------------ Total Other Tenant Income TOTAL TENANT INCOME GRANT INCOME HUD PHA Operating Grants/Subsidy TOTAL GRANT INCOME OTHER INCOME Investment Income -Unrestricted Fraud Recovery TOTAL OTHER INCOME TOTAL INCOME EXPENSES ADMINISTRATIVE EXPENSES Administrative Salaries Administrative Salaries Employee Benefit Contribution-Admin Total Administrative Salaries Other Admin Expenses Staff Training Office Rent Total Other Admin Expenses Page 1 of 3 5,674 83,446 28,030 28,030 1,146 273 1,419 112,895 21,486 7,841 29,327 495 625 1,120 5,674 83,446 28,030 28,030 1,146 273 1,419 112,895 21,486 7,841 29,327 495 625 1,120 115 Low Income Public Housing Income Statement Period = Jan 2025 Miscellaneous Admin Expenses Membership and Fees Telephone Other Misc Admin Expenses Total Miscellaneous Admin Expenses TOTAL ADMINISTRATIVE EXPENSES UTILITY EXPENSES Water Garbage/Trash Removal Sewer TOTAL UTILITY EXPENSES MAINTENANCE AND OPERATIONAL EXPENSES General Maint Expense Maintenance Salaries Employee Benefit Contribution-Maint. Total General Maint Expense Materials Maintenance Materials Total Materials Contract Costs Contract-Janitorial/Cleaning Contract-Plumbing Contract-Elevator Monitoring Contract-Snow Removal Contract Cost Book = A<,;crual Period to Date 263 1,597 4,630 35,817 36,937 1,704 5,513 2,383 9,600 13,456 4,761 18,217 571 571 2,500 229 286 200 Year to Date 263 1,597 4,630 35,817 36,937 1,704 5,513 2,383 9,600 13,456 4,761 18,217 571 571 2,500 229 286 200 ----------- To ta I Contract Costs TOTAL MAINTENANCE AND OPERATIONAL E) GENERAL EXPENSES Insurance Property Insurance Liability Insurance Payments in Lieu of Taxes TOTAL GENERAL EXPENSES HOUSING ASSISTANCE PAYMENTS Tenant Utility Payments-Voucher FSS Escrow Payments TOTAL HOUSING ASSISTANCE PAYMENTS NON-OPERATING ITEMS Page 2 of 3 3,215 22,003 1,235 3,235 277 3,409 8,156 366 -1,250 -884 3,215 22,003 1,235 3,235 277 3,409 8,156 366 -1,250 -884 116 Less Depreciation 117 Revenue&Expenses INCOME TENANT INCOME Other Tenant Income HCV not including MSS (.hcv-fin) Income Statement Period = Jan 2025 Book = Accrual Period to Date Year to Date Tenant Payment Agreement (TPA) Fral 4,386 4,386 -------'-----------'-- Tot a I Other Tenant Income 4,386 4,386 TOTAL TENANT INCOME 4,386 4,386 GRANT INCOME Section 8 HAP Earned Section 8 Admin. Fee Income Port-In Admin Fees Earned Port In HAP Earned TOTAL GRANT INCOME OTHER INCOME Investment Income -Unrestricted Fraud Recovery TOTAL OTHER INCOME TOTAL INCOME EXPENSES ADMINISTRATIVE EXPENSES Administrative Salaries Administrative Salaries Employee Benefit Contribution-Admin Total Administrative Salaries Other Admin Expenses Staff Training Port Out Admin Fee Paid Office Rent Total Other Admin Expenses Miscellaneous Admin Expenses Membership and Fees Telephone Total Miscellaneous Admin Expenses TOTAL ADMINISTRATIVE EXPENSES Page 1 of 2 372,147 35,574 889 11,630 420,240 227 402 629 425,255 14,412 5,608 20,020 1,295 6,002 625 7,922 263 383 20,666 28,588 372,147 35,574 889 11,630 420,240 227 402 629 425,255 14,412 5,608 20,020 1,295 6,002 625 7,922 263 383 20,666 28,588 118 HCV not including MSS (.hcv-fin) Income Statement Period = Jan 2025 Book = Accrual Period to Date MAINTENANCE AND OPERATIONAL EXPENSES HOUSING ASSISTANCE PAYMENTS Housing Assistance Payments 295,254 Tenant Utility Payments-Voucher 1,297 Port Out HAP Payments 88,621 FSS Escrow Payments 1,341 TOTAL HOUSING ASSISTANCE PAYMENTS 386,513 TOTAL EXPENSES 415,101 NET INCOME 10,154 Page 2 of 2 Year to Date 295,254 1,297 88,621 1,341 386,513 415,101 10,154 119 Mainstream 5 (msS) Income Statement Period = Jan 2025 Book = Accrual Period to Date Revenue&Expenses INCOME TENANT INCOME GRANT INCOME Section 8 HAP Earned Section 8 Admin. Fee Income TOTAL GRANT INCOME TOTAL INCOME EXPENSES ADMINISTRATIVE EXPENSES Administrative Salaries Administrative Salaries Employee Benefit Contribution-Admin Total Administrative Salaries Other Admin Expenses Port Out Admin Fee Paid Total Other Admin Expenses Miscellaneous Admin Expenses Total Miscellaneous Admin Expenses TOTAL ADMINISTRATIVE EXPENSES MAINTENANCE AND OPERATIONAL EXPENSES HOUSING ASSISTANCE PAYMENTS Housing Assistance Payments Tenant Utility Payments-Voucher Port Out HAP Payments TOTAL HOUSING ASSISTANCE PAYMENTS TOTAL EXPENSES NET INCOME Page 1 of 1 23,319 242 23,561 23,561 1,275 496 1,771 667 667 1,771 2,438 15,083 1 9,497 24,581 27,019 -3,458 Year to Date 23,319 242 23,561 23,561 1,275 496 1,771 667 667 1,771 2,438 15,083 1 9,497 24,581 27,019 -3,458 120 Revenue&Expenses INCOME TENANT INCOME EXPENSES ADMINISTRATIVE EXPENSES (fssgrant) Income Statement Period = Jan 2025 Book = Accrual Period to Date MAINTENANCE AND OPERATIONAL EXPENSES Page 1 of 1 Year to Date 121 Revenue&Expenses INCOME TENANT INCOME EXPENSES ADMINISTRATIVE EXPENSES (rosssvc) Income Statement Period = Jan 2025 Book = Accrual Period to Date MAINTENANCE AND OPERATIONAL EXPENSES Page 1 of 1 Year to Date 122 Stable Home (stablehm) Income Statement Period = Jan 2025 Book = Accrual Period to Date Revenue&Expenses INCOME TENANT INCOME GRANT INCOME Hennepin County Rev Hennepin County Admin Rev TOTAL GRANT INCOME TOTAL INCOME EXPENSES ADMINISTRATIVE EXPENSES Administrative Salaries Administrative Salaries Employee Benefit Contribution-Admin Total Administrative Salaries Miscellaneous Admin Expenses Total Miscellaneous Admin Expenses TOTAL ADMINISTRATIVE EXPENSES MAINTENANCE AND OPERATIONAL EXPENSES HOUSING ASSISTANCE PAYMENTS Housing Assistance Payments TOTAL HOUSING ASSISTANCE PAYMENTS TOTAL EXPENSES NET INCOME Page 1 of 1 39,501 3,970 43,471 43,471 2,425 943 3,368 3,368 3,368 39,168 39,168 42,536 935 Year to Date 39,501 3,970 43,471 43,471 2,425 943 3,368 3,368 3,368 39,168 39,168 42,536 935 123 Kids in the Park (kidspark) Income Statement Period = Jan 2025 Book = Accrual Period to Date Revenue&Expenses INCOME TENANT INCOME Rental Income 50059 HAP Subsidy Total Rental Income TOTAL TENANT INCOME GRANT INCOME Admin Fee Revenue Admin Fee Revenue-to STEP TOTAL GRANT INCOME TOTAL INCOME EXPENSES ADMINISTRATIVE EXPENSES Administrative Salaries Administrative Salaries Employee Benefit Contribution-Admin Total Administrative Salaries Miscellaneous Admin Expenses Total Miscellaneous Admin Expenses TOTAL ADMINISTRATIVE EXPENSES MAINTENANCE AND OPERATIONAL EXPENSES HOUSING ASSISTANCE PAYMENTS Housing Assistance Payments TOTAL HOUSING ASSISTANCE PAYMENTS TOTAL EXPENSES NET INCOME Page 1 of 1 16,692 16,692 16,692 1,400 1,120 2,520 19,212 877 341 1,218 1,218 1,218 18,807 18,807 20,025 -813 Year to Date 16,692 16,692 16,692 1,400 1,120 2,520 19,212 877 341 1,218 1,218 1,218 18,807 18,807 20,025 -813 124 General Fund Cocc -interco Income Statement Period = Jan 2025 Book = Accrual Period to Date Revenue&Expenses INCOME TENANT INCOME OTHER INCOME Investment Income -Unrestricted Investment Income -Restricted TOTAL OTHER INCOME TOTAL INCOME EXPENSES ADMINISTRATIVE EXPENSES Miscellaneous Admin Expenses Bank Fees Total Miscellaneous Admin Expenses TOTAL ADMINISTRATIVE EXPENSES MAINTENANCE AND OPERATIONAL EXPENSES TOTAL EXPENSES NET INCOME Page 1 of 1 1,049 47 1,096 1,096 112 112 112 112 985 Year to Date 1,049 47 1,096 1,096 112 112 112 112 985 125 Revenue&Expenses INCOME TENANT INCOME EXPENSES ADMINISTRATIVE EXPENSES Property = cfp2022 cfp2023 cfp2021 cfp2024 Income Statement Period = Jan 2025 Book = Accrual Period to Date MAINTENANCE AND OPERATIONAL EXPENSES Page 1 of 1 Year to Date 126 All Low Income Public Housing (.ph) Balance Sheet Period = Jan 2025 Book = Accrual ASSETS CURRENT ASSETS CASH Unrestricted Cash Cash Operating 1 Petty Cash Total Unrestricted Cash Restricted Cash Cash Restricted-FSS Escrow Total Restricted Cash TOTAL CASH ACCOUNTS AND NOTES RECEIVABLE Current Balance 730,848 100 730,948 23,376 23,376 754,324 A/R -Tenants 12,548 Allowance for Doubtful Accounts-Tenan -7,996 A/R -Tenant Payment Agreement (TPJ! 7,726------�- TOTAL ACCOUNTS AND NOTES RECEIVABI 12,279 OTHER CURRENT ASSETS Investments-Un restricted Prepaid Expenses and Other Assets TOTAL OTHER CURRENT ASSETS TOTAL CURRENT ASSETS NONCURRENT ASSETS: FIXED ASSETS Land Buildings Furniture and Equipment-Admin. Leasehold Improvements Site Improvement Accum Depreciation-Buildings TOTAL FIXED ASSETS TOTAL NONCURRENT ASSETS TOTAL ASSETS LIABILITIES & EQUITY LIABILITIES: 329,717 40,980 370,697 1,137,299 655,352 3,629,598 93,328 655,765 10,568,746 -12,956,060 2,646,729 2,646,729 3,784,028 Page 1 of 2 127 Low Income Public Housing (.ph) Balance Sheet Period = Jan 2025 Book = Accrual CURRENT LIABLITIES: Current Balance A/P Vendors and Contractors 1,075 Tenant Security Deposits 43,295 Security Deposit Clearing Account 240 Accrued Payroll & Payroll Taxes 47,544 Accrued PILOT 39,710 Interprogram-Due To 74,291 Tenant Prepaid Rents 7,462 Accrued Compensated Absences-Currer 36,979 ---------TOTAL CURRENT LIABILmES 250,596 NONCURRENT LIABILITIES: Accrued Compensated Absences-LT FSS Escrow Notes Payable -LT TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES EQUITY RETAINED EARNINGS: 30,256 21,555 255,002 306,813 557,409 Invested in Capital Assets-Net of Debt 2,391,727 Retained Earnings-Unrestricted Net Ass 834,892 -------'--- TOTAL RETAINED EARNINGS: 3,226,619 TOTAL EQUITY 3,226,619 TOTAL LIABILITIES AND EQUITY 3,784,028 Page 2 of 2 128 All HCV not including MSS (.hcv-fin) Balance Sheet Period = Jan 2025 Book = Accrual Current Balance ASSETS CURRENT ASSETS CASH Unrestricted Cash Cash Operating 1 Total Unrestricted Cash Restricted Cash Cash Restricted-FSS Escrow Cash Restricted-HAP Total Restricted Cash TOTAL CASH ACCOUNTS AND NOTES RECEIVABLE A/R -Tenants A/R -Tenant Payment Agreement (TPJl A/R -HUD A/R Port Ins A/R Port In Suspense TOTAL ACCOUNTS AND NOTES RECEIVABI OTHER CURRENT ASSETS Investments-Unrestricted TOTAL OTHER CURRENT ASSETS TOTAL CURRENT ASSETS NONCURRENT ASSETS: TOTAL ASSETS LIABILITIES & EQUITY LIABILITIES: CURRENT LIABLITIES: 332,654 332,654 68,002 -37,474 30,528 363,182 1,902 8,282 35,001 26,698 1,136 73,019 63,011 63,011 499,212 499,212 A/P Vendors and Contractors 3,745 Accrued Payroll & Payroll Taxes 20,020 Interprogram-Due To 19,103 Tenant Prepaid Rents 336 Accrued Compensated Absences-Currer 5,777 --------TOTAL CURRENT LIABILmES 48,980 Page 1 of 2 129 HCV not including MSS (.hcv-fin) Balance Sheet Period = Jan 2025 Book = Accrual NONCURRENT LIABILITIES: Accrued Compensated Absences-LT FSS Escrow TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES EQUITY RESERVED FUND BALANCE Reserved for Capital Activities TOTAL RESERVED FUND BALANCE RETAINED EARNINGS: Current Balance 4,727 71,175 75,902 124,882 -37,474 -37,474 Retained Earnings-Unrestricted Net Ass 411,804 ______ .....;...._ TOTAL RETAINED EARNINGS: 411,804 TOTAL EQUITY 374,330 TOTAL LIABILITIES AND EQUITY 499,212 Page 2 of 2 130 All Mainstream 5 (ms5) Balance Sheet Period = Jan 2025 Book = Accrual ASSETS CURRENT ASSETS CASH Unrestricted Cash Cash Operating 1 Total Unrestricted Cash Restricted Cash Cash Restricted-HAP Total Restricted Cash TOTAL CASH ACCOUNTS AND NOTES RECEIVABLE Current Balance -603 -603 -16,665 -16,665 -17,268 NR -HUD 15,403 TOTAL ACCOUNTS AND NOTES RECEIVABI 15,403 ------....:....- TOTAL CURRENT ASSETS -1,865 NONCURRENT ASSETS: TOTAL ASSETS LIABILITIES & EQUITY LIABILITIES: CURRENT LIABLITIES: NP Vendors and Contractors Accrued Payroll & Payroll Taxes TOTAL CURRENT LIABILITIES TOTAL LIABILITIES EQUITY RESERVED FUND BALANCE Reserved for Capital Activities TOTAL RESERVED FUND BALANCE RETAINED EARNINGS: -1,865 -11,418 1,771 -9,647 -9,647 -16,665 -16,665 Retained Earnings-Unrestricted Net Ass 24,447 --------TOTAL RETAINED EARNINGS: 24,447 Page 1 of 2 131 TOTAL EQUITY Mainstream 5 (ms5) Balance Sheet Period = Jan 2025 Book = Accrual TOTAL LIABILITIES AND EQUITY Current Balance 7,782 -1,865 Page 2 of 2 132 All ASSETS CURRENT ASSETS CASH NONCURRENT ASSETS: LIABILITIES & EQUITY LIABILITIES: EQUITY (fssgrant) Balance Sheet Period = Jan 2025 Book = Accrual Current Balance Page 1 of 1 133 All ASSETS CURRENT ASSETS CASH NONCURRENT ASSETS: LIABILITIES & EQUITY LIABILITIES: EQUITY (rosssvc) Balance Sheet Period = Jan 2025 Book = Accrual Current Balance Page 1 of 1 134 All Stable Home (stablehm) Balance Sheet Period = Jan 2025 Book = Accrual Current Balance ASSETS CURRENT ASSETS CASH Unrestricted Cash Cash Operating 1 Total Unrestricted Cash TOTAL CASH ACCOUNTS AND NOTES RECEIVABLE 51,788 51,788 51,788 A/R -Tenant Payment Agreement (TPJ! 2,804 A/R -Other 43,471 TOTAL ACCOUNTS AND NOTES RECEIVABI 46,274 ---------'-- TOTAL CURRENT ASSETS 98,062 NONCURRENT ASSETS: TOTAL ASSETS LIABILITIES & EQUITY LIABILITIES: CURRENT LIABLITIES: 98,062 A/P Vendors and Contractors 115 Accrued Payroll & Payroll Taxes 3,368 Interprogram-Due To 67,844 Accrued Compensated Absences-Currer 1,143 ---------'-- TOTAL CURRENT LIABILITIES 72,470 NONCURRENT LIABILITIES: Accrued Compensated Absences-LT TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES EQUITY RETAINED EARNINGS: 935 935 73,405 Retained Earnings-Unrestricted Net Ass 24,657 -------- TOTAL RETAINED EARNINGS: 24,657 Page 1 of 2 135 TOTAL EQUITY Stable Home (stablehm) Balance Sheet Period = Jan 2025 Book = Accrual TOTAL LIABILITIES AND EQUITY Current Balance 24,657 98,062 Page 2 of 2 136 All Kids in the Park (kidspark) Balance Sheet Period = Jan 2025 Book = Accrual Current Balance ASSETS CURRENT ASSETS CASH Unrestricted Cash Cash Operating 1 Total Unrestricted Cash TOTAL CASH ACCOUNTS AND NOTES RECEIVABLE 25,623 25,623 25,623 A/R -Other 39,343 TOTAL ACCOUNTS AND NOTES RECEIVABI 39,343 ---------'-- TOTAL CURRENT ASSETS 64,966 NONCURRENT ASSETS: TOTAL ASSETS LIABILITIES & EQUITY LIABILITIES: CURRENT LIABLITIES: 64,966 A/P Vendors and Contractors 4,230 Other Current Liabilities 1,694 Accrued Payroll & Payroll Taxes 1,218 Interprogram-Due To 45,237 Accrued Compensated Absences-Currer 460 -------- TOTAL CURRENT LIABILITIES 52,839 NONCURRENT LIABILITIES: Accrued Compensated Absences-LT TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES EQUITY RETAINED EARNINGS: 376 376 53,216 Retained Earnings-Unrestricted Net Ass 11,750 -------- TOTAL RETAINED EARNINGS: 11,750 Page 1 of 2 137 TOTAL EQUITY Kids in the Park (kidspark) Balance Sheet Period = Jan 2025 Book = Accrual TOTAL LIABILITIES AND EQUITY Current Balance 11,750 64,966 Page 2 of 2 138 139 Property = cfp2022 cfp2023 cfp2021 cfp2024 Balance Sheet Period = Jan 2025 Book = Accrual All ASSETS CURRENT ASSETS CASH NONCURRENT ASSETS: FIXED ASSETS Site Improvement TOTAL FIXED ASSETS TOTAL NONCURRENT ASSETS TOTAL ASSETS LIABILITIES & EQUITY LIABILITIES: EQUITY RETAINED EARNINGS: Current Balance 862,994 862,994 862,994 862,994 Invested in Capital Assets-Net of Debt 142,871 Retained Earnings-Unrestricted Net Ass 720,123 ---------'--TOTAL RETAINED EARNINGS: 862,994 TOTAL EQUITY 862,994 TOTAL LIABILITIES AND EQUITY 862,994 Page 1 of 1 140