HomeMy WebLinkAbout2025/06/11 - ADMIN - Agenda Packets - Housing Authority - Regular Housing Authority of St. Louis Park
Meeting date: June 11, 2025
Housing Authority, St. Louis Park, Minnesota
Wednesday, June 11, 2025 5 p.m.
Community Room, first floor
Agenda
1.Call to order - roll call
2.Approval of Minutes for May 2025
3.Hearings:
a.None
4.Presentation
a.None
5.Unfinished Business
a.None
6.New Business
a.Election of Officers
b.Authorization of Agreement with Sherman Associates to enter into a Housing
Assistance Payment (AHAP) contract for PBV units at Beltline Station redevelopment
project, Resolution No. 777
c.City council election filing process
d.Letter of board support for federally funded housing programs discussion
7.Communications
a.Claims Lists: May 2025
b.Financials: February 2025
c.Communications:
8.Other: Next scheduled meetings: July 9, 2025 and August 13, 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.
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Unofficial minutes
Housing Authority meeting
St. Louis Park, Minnesota
May 14, 2025
1.Call to order: The meeting was called to order at 5:00 p.m.
Roll call:
Members present: Catherine Courtney, Shelby Conway, and Thom Miller
Members absent: Jolene Tanner
Staff present: Karen Barton, Oi Mattison, Angela Nelson, Marney Olson, Dean Porter-
Nelson, Nicole Randall
Guests: Rhett Carlson and Will Anderson from Sherman Associates
2.Approval of Minutes – Minutes for the April 2025 board meeting were reviewed.
It was moved by Commissioner Courtney, seconded by Commissioner Conway, to
approve the April 2025 minutes as presented.
Motion passed 3-0.
3.Hearings
a.2025-2029 Capital fund Five Year Action Plan, Resolution No. 775.
Public hearing opened at 5:01 p.m. Closed at 5:03 p.m.
Ms. Mattison presented the Capital Fund Five Year Action Plan which previously
was a rolling plan approved annually. The Housing Authority (HA) is transitioning to
a fixed plan that is approved every five years. A physical needs assessment was
conducted by an architect and recommendations are included in this plan.
There were no public comments.
It was moved by Commissioner Conway, seconded by Commissioner Courtney to
approve Resolution No. 775.
Motion passed 3-0.
4.Presentation – None.
5.Unfinished Business – None
6.New Business
a.Project based voucher (PBV) request for Beltline Station redevelopment project.
Mr. Porter-Nelson provided an overview of the request for 20 PBVs for Beltline
Station redevelopment area. One of three residential buildings at this site will be an
affordable building with 82 units (39 units at 60% AMI, 23 units at 50% AMI, and
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20 units proposed at 30% AMI). The 20 PBVs are necessary for the project to be
financially viable at 30% AMI.
Ms. Randall explained that under HUD regulations, the HA has the capacity to
provide the proposed 20 PBV. The HA could project base up to 82 units under HUD
regulations. Currently, there are 46 PBV issued. The HA has the authority to project-
base up to 36 additional units.
In response to Commissioner Miller’s question, Mr. Carlson explained that 20 PBVs
are important for them to secure bonds from lenders by demonstrating that there is
a definitive income stream tied to the payment standard.
In response to Commissioner Courtney’s question, Sherman confirmed that in July
they are making an application with a blended AMI of 50% to the Minnesota
Management and Budget for the unified pool for bonds for the 82 units of
affordable housing. Ms. Barton noted that Sherman could have proposed a building
with all units at 50% AMI, but Sherman proposed 30%, 50% and 60% AMI with a
blend at 50% AMI. This mix enables Sherman to be considered for bonds while the
city gained 20 new units at 30% AMI which are extremely difficult to build. In the
past five years, 40 units at 30% AMI have been added.
In response to Commissioner Conway’s question, Ms. Randall confirmed that it has
been our practice that 20 years is the length of the PBV. Mr. Porter-Nelson stated
that Sherman intends to renew for an additional 20 years, including the 30% AMI
units.
Commissioners Conway and Miller are in favor of the PBV. Commissioner Courtney
abstained citing a possible perceived conflict of interest.
b. Amendments to the Housing Choice Voucher Admin Plan, Resolution No. 776.
Ms. Randall presented updated sections related to HOTMA changes. Specifically,
chapters 3, 6, 7, and 14 are required to be updated by July 1.
It was moved by Commissioner Conway, seconded by Commissioner Courtney to
approve Resolution No. 776.
Motion passed 3-0.
c. Authorization to enter into an agreement with Vail Place for service coordination.
Ms. Olson announced that the HA received a grant renewal for the full-time ROSS
service coordinator at Hamilton House. It is a three year grant effective June 1, 2025.
Since 2007, we have partnered with Vail Place for the position which brings together
support services and works with case management teams to keep residents
successfully housed.
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It was moved by Commissioner Courtney, seconded by Commissioner Conway to
authorize entering into an agreement with Vail Place for service coordination.
Motion passed 3-0.
d. 2024 Housing Activity Report
Ms. Olson stated that staff use this annual report to analyze program utilization and
make appropriate changes to programs. Commissioners noted they appreciate
seeing the information annually.
e. Letter of board support for federally funded housing programs
Commissioner Miller suggests that the board write a letter expressing its concern
regarding the HCV program to our US representatives and senators. Ms. Olson said
NAHRO has been sending “action alerts” which are pre-drafted letters for anyone to
submit. Their action alert page is public. Staff agreed to review and provide
recommendations on the drafted letter and bring it back in June.
7. Communications – Commissioner Burrowes has resigned from the board. The annual
election of officers is in June.
It was moved by Commissioner Conway, seconded by Commissioner Miller that
Commissioner Courtney be appointed interim secretary.
Motion passed 3-0.
8. Other
9. Adjournment
It was moved by Commissioner Courtney, seconded by Commissioner Conway, to
adjourn the meeting.
Motion passed 3-0.
The meeting was adjourned at 5:55 p.m.
Respectfully submitted,
______________________________
Catherine Courtney, Interim Secretary
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Housing Authority of St. Louis Park
Meeting date: June 11, 2025
Agenda item: 6a
Title: Election of officers
Recommended action: The Board of Commissioners must elect the Chair, Vice-Chair and
Secretary to serve as officers for the Housing Authority (HA) Board for the next year from
among the Commissioners of the HA.
Policy consideration: None
Summary: According to the bylaws of the HA, the Chair, Vice-Chair, and Secretary shall be
elected annually at the first regular meeting following the month of May. Such officers shall
hold office for one year or until their successors are elected and qualified. The Chair, Vice-Chair
and Secretary shall be elected from among the current commissioners of the HA and
shall hold office for one year or until their successors are elected and qualified.
If a position is vacated prior to the annual election, the board must elect a board member to
serve in the vacated officer position until the next annual election.
The current slate of officers is as follows:
• Chair: Thom Miller
• Vice-Chair: Shelby Conway
• Secretary: Catherine Courtney
Prepared by: Marney Olson, housing manager
Reviewed by: Angela Nelson, community development office assistant
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Housing Authority of St. Louis Park
Meeting date: June 11, 2025
Agenda item: 6b
Title: Authorization to agree to enter into a Housing Assistance Payments (AHAP) contract with
Sherman Associates in the Beltline Station redevelopment project
Recommended action: Staff recommend that the Housing Authority Board approve the authorization
to agree to enter into a Housing Assistance Payments (AHAP) contract with Sherman Associates in the
Beltline Station redevelopment project.
Policy consideration: Does the Housing Authority Board support the inclusion of Project Based
Vouchers (PBVs) in the Beltline Station redevelopment project?
Summary: On May 2, 2025 Sherman Associates submitted a request to the Housing Authority (HA) to
include 20 project-based units in the Beltline Station Redevelopment Project.
The Beltline Station developer has requested 20 PBVs 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.
HUD regulations allow housing authorities to project base up to 20% of their annual contributions
contract (ACC). This means the HA could project base up to 82 units within St. Louis Park. Currently,
there are project-based units at Wayside (16 units), Bickham Court (22 units) 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. Under HUD regulation, the housing authority
board has the authority to project-base up to 36 additional units.
The Code of Federal Regulations (CFR) at 24 CFR 983 provides housing authorities with discretion to
establish policies on the process to award PBVs. The regulations allow a PBV award without a
competitive process when a project was previously awarded other government funding that was
subject to competition. The Beltline Station development was previously awarded tax credits.
The HA must enter into a Housing Assistance Payments (HAP) contract with an owner for units that are
receiving PBV assistance. The purpose of the HAP contract is to provide housing assistance payments for
eligible families. Housing assistance is paid for contract units leased and occupied by eligible families
during the HAP contract term. The HAP contract must be in the form required by HUD. The HA may
enter a HAP contract with an owner for an initial term of no less than one year and no more than 20
years for each contract unit. Staff is proposing an initial term of 20 years with the option to renew or
extend for an additional 20 years. The effective date of the contract will be determined as construction
nears completion. As identified in the Sherman request, construction on the affordable units is expected
to begin January 2026 and take approximately 14 months.
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
would not be financially feasible at this location.
Execution of the AHAP will be contingent upon Sherman Associates meeting the requirements found at
24 CFR 983.155 and in the St. Louis Park Housing Authority (SLPHA) administrative plan. These
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Housing Authority meeting of June 11, 2025 (Item No. 6b) Page 2
Title: Authorization to agree to enter into a Housing Assistance Payments (AHAP) contract with Sherman
Associates in the Beltline Station redevelopment project
requirements include submission of an environmental review approval, notice that subsidy layering
requirements have been met and certification of adherence to Labor Standards in compliance with
Davis Bacon. This development will include nine or more contract units, therefore, any construction
contracts must incorporate a Davis-Bacon contract clause and the current applicable prevailing wage
determination.
Supporting documents: Resolution 777
May 14, 2025 Housing Authority Board Report: Project based voucher
request for the Beltline Station redevelopment project.
Prepared by: Nicole Randall, housing assistance administrator
Reviewed by: Marney Olson, housing manager
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Housing Authority of St. Louis Park
Meeting date: June 11, 2025
Agenda item: 6b
HOUSING AUTHORITY OF ST. LOUIS PARK
Resolution No. 777
Authorization of Agreement with Sherman Associates to enter into a
Housing Assistance Payment (AHAP) contract for 20 Project Based Units
in the Beltline Station redevelopment project
WHEREAS, the St. Louis Park Housing Authority administers a Housing Choice Voucher
(HCV) tenant based rental assistance program, and
WHEREAS, the Housing Authority has previously established a project based voucher
program compliant with HUD regulations that allow Housing Authorities to allocate up to twenty
percent of their tenant based HCV allocation for a project based program, and
WHEREAS, Sherman Associates has submitted a request for 20 project based units
including one, two and three bedroom units in the Beltline Station redevelopment project,
WHEREAS, the addition of 20 vouchers of HCV rental assistance for a project based
program is within the HUD twenty percent allocation limit, and
WHEREAS, the Beltline Station redevelopment project will further Housing Authority
priorities to increase the supply of affordable housing and location choice for low to moderate
income renters,
WHEREAS, the Housing Authority is hereby authorized to agree to enter into a HAP
contract for a term of twenty (20) years, contingent upon Sherman Associates meeting all
requirements set forth in the HAs administrative plan which includes all requirements published
in Part of 983 of the Code of Federal Regulations, which governs the voucher program.
NOW THEREFORE BE IT RESOLVED by the Board of Commissioners of the St. Louis Park
Housing Authority authorization is granted to enter into an agreement to enter into an AHAP
contract with Sherman Associates for the project basing of 20 units in the Beltline Station
Redevelopment Project.
Adopted by the Housing Authority June 11, 2025
_____________________________
Thom Miller, Chair
______________________________
Catherine Courtney, Secretary
Attest:
_______________________________
Karen Barton, Executive Director
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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 12
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,
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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
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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
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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
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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
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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
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Housing Authority of St. Louis Park
Meeting date: June 11, 2025
Agenda item: 6c
Title: City council election filing process
Recommended action: None, informational only
Policy consideration: None
Summary: Marcus Paul, the City of St. Louis Park Elections Specialist, is meeting with boards
and commissions to discuss the opportunity of running for local office in the park. Board and
commission members are ideal participants in this conversation, as they’ve already
demonstrated a strong commitment to making a positive impact in the city.
The discussion will cover the upcoming 2025 municipal election, the steps involved in filing to
run for office, and what it’s like to serve as a city councilmember. The goal is to connect with
individuals who have shown a genuine interest in improving the park, and to encourage them
to consider bringing their unique perspectives and life experiences into local government.
Prepared by: Marney Olson, housing manager
Reviewed by: Angela Nelson, community development office assistant
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Housing Authority of St. Louis Park
Meeting date: June 11, 2025
Agenda item: 6d
Title: Letter of board support for federally funded housing programs discussion
Recommended action: No action required. This report is for informational purposes only.
Summary: At the May meeting, Board Chair Thom Miller inquired as to whether the board was
interested in sending a letter similar to the example included in the May board 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)
The board expressed interest in sending a letter and asked staff to review and provide updates
to the letter. The updated draft letter which has been reviewed by Chair Miller is attached for
board review. Additions to the letter are shown in red.
Supporting documents: Updated draft letter of support
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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, formerly known as Section 8.
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.
As advocates for safe and affordable housing, we are asking you to give public housing
agencies the support needed to house people in their communities by blocking granting of
rental assistance programs to states and preventing the devastating cuts proposed in the
FY 2026 budget to key housing programs like Public Housing and Section 8/HCV. Severe
cuts to these programs would destabilize housing and have severe effects on seniors,
working families, small children and individuals with disabilities.
As your constituents and as board members of the St. Louis Park Housing Authority we ask
you to protect these vital programs to house our most vulnerable neighbors. Thank you for
your work to retain the HUD Housing Choice Voucher program and public housing funding.
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
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Payment Detail
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31298 (genfund) -Aspen Waste Sys tems (v0000126) -05/14/25 (05/25)
HH Garbag_e""s""erv-"'ic_e ___________________ _
Total 31298 (genfund )-Aspen Was te Sys tems (v0000126) -05/14/25 (05/2 5)
---·-P-7708 _____ ,, ______ hamilton __________ 2,251 .90 434000000 -Garbagy,JTras h Removal -----·-·"·····--.. ---.
2,251.90
31299 (genfund)-Centerpolnt Energy Minnegasco (v0000288) -05/14/25 (05/25)
0 L& 31�5,25.3131_,25 ______ � Total 31299 (genfund)-Centerpolnt Energy Minnegasco (v0000288) - 05 /14/25 (05/25)
31300 (genfund)-Eide (v0000431)-05/14/25 (05/25)
__ Hj!Spring Clea nup _________ _
Total 31300 (genfund )-Eide (v0000431)-05/14/25 (05/25)
31 301 (genfund) - Hawkins Ash Cp a'S (v0000597) -05/14/25 (05/25)
Acctg Serv-Jan 2025
Acctg Serv-Jan 2025
Acctg Serv-Jan 2025
Acctg Serv-Jan 2025
Acctg Serv-Jan 2025
Total 31301 (genfund )-Hawkins As h Cp a'S (v0000597) -05/14/25 (05/25)
31 302 (genfund) -Metro Water Con ditioning Inc (v0000885) - 05 /14/25 (05/25)
____ ..,50 s olar s a� _ _ _____ ,
Total 31302 (genfund )-Metro Water Conditioning Inc (v0000885)-05 /14/25 (05/25)
31303 (genfund)-Muska Plumbing LLC (v0000979) -05/14/25 (05/25)
replacement of hose bibs
-,epair kitchen sink
replace laundry tub -------·-·----__ _
Total 31303 (genfund) -Mus ka Plumbing LLC (v0000979) - 05 /14/25 (05/25)
31304 (genfund)-Platinum Standard Elevator LLC (v0001095)-05/14/25 (05/25 )
HH eleva tor maintenance
Total 31304 (genfund ) -Platinum Standard Elevator LLC (v0001095) -05/14/25 (05/25)
P-7717 scatter ------
P-7709 ____ h_amilton ____ _
P-7718 hamilton
P-7718 hcv
P-7718 cocc
P-7718 s tablehm
P-7718 kids ark
P-!?_!�. ·--�il!_on_
P-7707 scatter
P-7712 hamillon
P-7713 s catter
P-7711 hamilton
___ 16.77 43300000Q_:_9as
16.77
_ __ 1,000.00 443009000 - Contract-Grounds
1,000.00
675.00 417000000 -Accounting Fees
555.00 417000000 -Accounting Fees
170.00 417000000 -Accounting Fees
160.00 417000000 • Accounting Fees
160.00 417000000 -Accou� __ F_e_e_s ________ _
1,720.00
_ 4�3.50 _4�2oq1000 _:__Maintenance �at�rial�
423.50
814.49 443011000 - Contract -Plumbing
271.74 443011000-Contract-Plumbing
267.22 443011000 - Contract-Plumbi!'_g
1,353.45
286.00 443017000 - Contract-Elevator Monitoring
286.00
Agenda Item 7a.
23
Payment Detail
Bank=genfund AND mm/yy=05/2025-05/2025 AND Check Date=05/0 1/2025-05/31/2025 AND All
Checks=Yes AND Include Voids=AII Checks AND Payment Method=AII
Page 2
CheckBank-Vendor-DatePa yable #
31305 (genfund) -Sherwin Williams (v0001291)-05/14/25 (05/25)
HH Paint hamilton 767.82 442001000 -Maintenance Materials
Property0mount%oun
P-7720
Total 31305 (genfund)-Sherwin Williams (v0001291)-05/14/25 (05/25)
31306 (genfund) -SPS Companies,Inc.(0001338)-05/14/25 (05/25)
H#PartsP-Tl1 hamilton
Total 31306 (genfund) -SPS Companies,Inc.(v0001338)-05/14/25 (05/25)
219.70 442001000 -Maintenance Materials
219.70
767.82
31307 (genfund) -Vail Place (v0001489) -05/14/25 (05/25)
HH -Admin Allocation &Ser Coor Serv 4/25
HH -Admin Allocation & Ser Coor Serv 4/25
Total 31307 (genfund) -Vail Place (0001489) -05/14/25 (05/25)
31308 (genfund) -Wenzel Heat &Air Condition,Inc {v0001551)-05/14/25 (05/25)
HH brass nipples replaced
Total 31308 {genfund)-Wenzel Heat &Air Condition,Inc {v0001551)-05/14/25 (05/25)
31309 (genfund)-Frerichs Construction Company (v0001621)-05/14/25 (05/25)
Deck,Door &Window repairs pf0j@Cl -------
Total 31309 (genfund) -Frerichs Construction Company {v0001621)-05/14/25 (05/25)
31310 (genfund)-Grainger (v0001647)-05/14/25 (05/25)
HH Materials
Total 31310 (genfund)-Grainger (v0001647)-05/14/25 (05/25)
31311 (genfund) -Silent Knight Security Systems (v0001666) -05/14/25 (05/25)
Installation of 3 exterior cameras
Total 31311 (genfund)-Silent Knight Security Systems {v0001666)-05/14/25 (05/25)
P.-7710
P-7710
P-7719
P-7724
P-7722
P-7723
rosssvc
rosssvc
hamilton
c 2024
hamilton
hamilton
6,000.00 421002000 -Project Coordinator
620.83 419022000 -Other Misc Admin Expenses
6,620.83
579.00 443013000 -Contract-HVAC
579.00
6,200.00 140010000-Site Improvement
6,200.00
361.12 442001000 -Maintenance Materials
361.12
1,849.00 443099000 -Contract Costs-Other
1,849.00
31312 (genfund) -Walser Buick GMC Bloomington {v0001667)-05/15/25 (05/25)
FSS Disbursement P-7706--·---·····-············-··----------=-'-='-------Total 31312 (genfund)-Walser Buick GMC Bloomington (v0001667) -05/15/25 (05/25)
how2,788.00 230700000 -FSS Escrow
2,788.00
31313 (genfu nd) -AII,Inc.(v0000065)-05/22/25 (05/25)
HH refrigerator &recycle P-Tl!Damilo n-845.5 0 442002000 -Supplies-Appliance
Total 31313 (genfund)-AII, Inc.(v0000065)-05/22/25 (05/25)845.50
31314 (genfund) -Green Acres Sprinkler Company (v0000557)-05/22/25 (05/25)
HHSpringstartuplawnirrigationP-772?hamion155.0 0 443009000 -Contract-Grounds
Total 31314 (genfund)-Green Acres Sprinkler Company (0000557) -05/22/25 (05/25)155.00
31315 (genfund)-Junk King {v0000723)-05/22/25 (05/25)
24
Payment Detail
Bank=genfund AND mm/yy=05/2025-05/2025 AND Check Date=05/0 1/2025-05/31/2025 AND All
Checks=Yes AND Include Voids=AII Checks AND Payment Method=All
Page 3
Check#Bank -Vendor -Date -----------#._1Mattress/Box spring removal
Total 31315 (genfund)-Junk King (v0000723)-05/22/25 (05/25)
31316 (genfund)-Muska Plumbing LLC (v0000979)-05/22/25 (05/25)f repair teaking pieiiiuandresettoilet
nnect gas to dryer
ti n s tall kitchen faucet
Pe pair leak in boiler room
Total 31316 (genfund)-Muska Plumbing LLC (v0000979) -05/22/25 (05/25)
31317 (genfund)-Snyder Electric Co (v0001324) -05/22/25 (05/25)
eplace receptacle
Total 31317 (genfund)-Snyder Electric Co (v0001324) -05/22/25 (05/25)
31318 (genfund)-STEP (VO001366) -05/22/25 (05/25)
FSS Management Apr.2025
Total 31318 (genfund) -STEP (v0001366) -05/22/25 (05/25)
P-7726
P-7732
scatter
Amount Account
598.00 434000000 -Garbage/TrashRemoval
598.00
500.21 443011000 -Contract-Plumbing
353.46 443011000 -Contract-Plumbing
225.00 443011000 -Contract-Plumbing
150.00 443011000 -Contract-Plumbing
970.24 443011000 -Contract-Plumbing
2,198.91
362.56 443006000 -Contract-Electrical ··------·--·-·•---------362.56
Payable#Pro perty
p.7727 hamilton
P-7725 scatter
P-7728 scatter
P-7733 scatter
P-7734 hamilton
P-7735 hamilton
fssgrant 5 244.75 419023000 -SundryExp-STEP
5,244.75
31319 (genfund) -MRI Software (v0001616)-05/22/25 (05/25)
HH Applications---.-.----------------P-7730
Total 31319 (genfund)-MRI Software (v0001616)-05/22/25 (05/25)
--hamilton.-238.50 419022000 -Other Misc Admin Expenses
238.50
31320 (genfund)-Xcel Energy (v0001586)-05/22/25 (05/25)
:URP 05/25
Total 31320 (genfund) -Xcel Energy (v0001586)-05/22/25 (05/25)
P-6969 scatter 140.00 471501001 -Tenant Utility Payments-Public Housing
140.00
31321 (genfund) -Adam's Pest Control, Inc.(v0000030)-05/30/25 (05/25)
ii 8edBug treatmentP-8343hamiton50600443007000-Contract"Pestcontrol
Total 31321 (genfund)-Adam's Pest Control,Inc.(v0000030)-05/30/25 (05/25)506.00
31322 (genfund) -CMT Janitorial Services (v0000311)-05/30/25 (05/25)
HH monthly cleaning June25P-841hamilton250000443010000-Contract/anitoria/Cleaning
Total 31322 (genfund)-CMT Janitorial Services (v0000311)-05/30/25 (05/25)2,500.00
31323 (genfund) - Jeffs SOS Drain & Sewer Ser., Inc.(v0000693) -05/30/25 (05/25)
le[fepall,--«.oo----
Total 31323 (genfund)-JeffS SOS Drain &Sewer Ser., Inc. (v0000693) -05/30/25 (05/25)
31324 (genfund) - Jerry's Do It Best Hardware (v0000696) -05/30/25 (05/25)
HH Maintenance parts
Total 31324 (genfund)-Jerry's Do II Best Hardware (v0000696)-05/30/25 (05/25)
P-8346
P-8345
scatter
hamilton
170.00 443011000 -Contract-Plumbing--
170.00
75.99 442001000 -Maintenance Materials
75.99
25
Payment Detail
Bank=genfund AND mm/yy=05/2025-05/2025 AND Check Date=0S/01/2025-05/31/2025 AND All
Checks=Yes AND Include Voids=AII Checks AND Payment Method=AII
Pago4
CheckBank-Vendor-PatePayable#Property0mountcount
31325 (genfund) -Muska Plumbing LLC (v0000979) -05/30/25 (05/25)
replace kitchen sink-
Total 31325 (genfund)-Muska Plumbing LLC (v0000979) -05/30/25 (05/25)
31326 (genfund) -Wenzel Heat &Air Condition,Inc (0001551)-05/30/25 (05/25)
HH remove and update duct work
P-8344--252.70 443011000 -Contract-Plumbing
252.70
P-8342 hamilton 1,523.00 443013000 -Contract-HVAC
Total 31326 (genfund)-Wenzel Heat &Air Condition, Inc (v0001551)-05/30/25 (05/25)1,523.00
31327 (genfund)-City of St. Louis Park (v0001618)-05/30/25 (05/25)
Rent Mar.2025 625.00 418000000 -Offic
Rent Mar.2025 625.00 418000000 -Or
Computer Mar '25 615.00 419007000 -Telep
Computer Mar '25 343.58 419007000 -Telep
iPhones &iPad Mar 2025 307.81 419007000 -Telep
"hones&iPadMar?O""40.01419007000 -Telep
Total 31327 (genfund)-City of St. Louis Park (v0001618) -05/30/25 (05/25)2,556.40
P.-8347 hamilton
P.-8347 hcv
P-8348 hamilton
P-8348 hcv
P-8349 hamilton
P.-8349 hcv
45,953.32
26
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
Rental Income
Tenant Rent 80,068 157,840
Total Rental Income 80,068 157,840
Other Tenant Income
Laundry and Vending 0 2,457
Cleaning Fee 56 131
Damages 756 756
Late Charges 392 552
NSF Charges 60 150
Tenant Owed Utilities 118 118
Other Income - Laundry -61 378
Tenant Payment Agreement (TPA) Ren -273 2,357
Tenant Payment Agreement (TPA) Frau -273 -546
Tenant Payment Agreement (TPA) Othe -114 -19
Total Other Tenant Income 661 6,334
TOTAL TENANT INCOME 80,729 164,174
GRANT INCOME
HUD PHA Operating Grants/Subsidy 27,451 55,481
TOTAL GRANT INCOME 27,451 55,481
OTHER INCOME
Investment Income - Unrestricted 1,071 2,218
Fraud Recovery 273 546
TOTAL OTHER INCOME 1,344 2,764
TOTAL INCOME 109,524 222,419
EXPENSES
ADMINISTRATIVE EXPENSES
Administrative Salaries
Administrative Salaries 21,486 42,972
Employee Benefit Contribution-Admin 7,841 15,682
Total Administrative Salaries 29,327 58,654
Other Admin Expenses
Low Income Public Housing (.ph)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 3
Agenda item: 7b.
27
Period to Date Year to Date
Low Income Public Housing (.ph)
Income Statement
Period = Feb 2025
Book = Accrual
Staff Training 0 495
Accounting Fees 642 642
Office Rent 0 625
Total Other Admin Expenses 642 1,762
Miscellaneous Admin Expenses
Membership and Fees 0 263
Telephone 984 2,581
Other Misc Admin Expenses 3,402 8,032
Total Miscellaneous Admin Expenses 33,712 69,529
TOTAL ADMINISTRATIVE EXPENSES 34,355 71,292
UTILITY EXPENSES
Water 5,667 7,370
Electricity 6,981 6,981
Gas 7,051 7,051
Garbage/Trash Removal 5,511 11,024
Sewer 10,279 12,663
TOTAL UTILITY EXPENSES 35,489 45,089
MAINTENANCE AND OPERATIONAL EXPENSES
General Maint Expense
Maintenance Salaries 13,456 26,912
Employee Benefit Contribution-Maint.4,761 9,522
Total General Maint Expense 18,217 36,434
Materials
Maintenance Materials 3,328 3,899
Total Materials 3,328 3,899
Contract Costs
Contract-Electrical 2,461 2,461
Contract-Pest Control 1,087 1,087
Contract-Janitorial/Cleaning 2,500 5,000
Contract-Plumbing 3,124 3,353
Contract-Elevator Monitoring 286 572
Contract-Snow Removal Contract Cost 1,000 1,200
Total Contract Costs 10,458 13,673
TOTAL MAINTENANCE AND OPERATIONAL EX 32,002 54,005
GENERAL EXPENSES
Insurance 213 1,449
Property Insurance 3,235 6,470
Liability Insurance 277 554
Page 2 of 3
28
Period to Date Year to Date
Low Income Public Housing (.ph)
Income Statement
Period = Feb 2025
Book = Accrual
Payments in Lieu of Taxes 2,229 5,638
TOTAL GENERAL EXPENSES 5,954 14,111
HOUSING ASSISTANCE PAYMENTS
Tenant Utility Payments-Voucher 530 896
FSS Escrow Payments 267 -983
TOTAL HOUSING ASSISTANCE PAYMENTS 797 -87
NON-OPERATING ITEMS
Depreciation -Buildings 26,832 53,664
TOTAL NON-OPERATING ITEMS 26,832 53,664
TOTAL EXPENSES 135,429 238,073
NET INCOME -25,905 -15,654
Exclude Depreciation 26,832 53,664
Total Net Income 927 38,010
Page 3 of 3
29
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
Unrestricted Cash
Cash Operating 1 721,823
Petty Cash 100
Total Unrestricted Cash 721,923
Restricted Cash
Cash Restricted-FSS Escrow 25,223
Total Restricted Cash 25,223
TOTAL CASH 747,146
ACCOUNTS AND NOTES RECEIVABLE
A/R -Tenants 15,505
Allowance for Doubtful Accounts-Tenan -7,996
A/R - Tenant Payment Agreement (TPA 7,066
TOTAL ACCOUNTS AND NOTES RECEIVABL 14,575
OTHER CURRENT ASSETS
Investments-Unrestricted 330,788
Prepaid Expenses and Other Assets 37,255
TOTAL OTHER CURRENT ASSETS 368,043
TOTAL CURRENT ASSETS 1,129,764
NONCURRENT ASSETS:
FIXED ASSETS
Land 655,352
Buildings 3,629,598
Furniture and Equipment-Admin.93,328
Leasehold Improvements 655,765
Site Improvement 10,568,746
Accum Depreciation-Buildings -12,982,892
TOTAL FIXED ASSETS 2,619,897
TOTAL NONCURRENT ASSETS 2,619,897
TOTAL ASSETS 3,749,661
LIABILITIES & EQUITY
Low Income Public Housing (.ph)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 2
30
Current Balance
Low Income Public Housing (.ph)
Balance Sheet
Period = Feb 2025
Book = Accrual
LIABILITIES:
CURRENT LIABLITIES:
A/P Vendors and Contractors 1,186
Tenant Security Deposits 43,345
Security Deposit Interest -25
Security Deposit Clearing Account 374
Accrued Payroll & Payroll Taxes 95,088
Accrued PILOT 41,939
Interprogram-Due To 14,514
Tenant Prepaid Rents 8,465
Accrued Compensated Absences-Curren 36,979
TOTAL CURRENT LIABILITIES 241,866
NONCURRENT LIABILITIES:
Accrued Compensated Absences-LT 30,256
FSS Escrow 21,824
Notes Payable - LT 255,002
TOTAL NONCURRENT LIABILITIES 307,082
TOTAL LIABILITIES 548,947
EQUITY
RETAINED EARNINGS:
Invested in Capital Assets-Net of Debt 2,391,727
Retained Earnings-Unrestricted Net Ass 808,987
TOTAL RETAINED EARNINGS:3,200,714
TOTAL EQUITY 3,200,714
TOTAL LIABILITIES AND EQUITY 3,749,661
Page 2 of 2
31
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
Other Tenant Income
Tenant Payment Agreement (TPA) Frau -1,002 3,384
Total Other Tenant Income -1,002 3,384
TOTAL TENANT INCOME -1,002 3,384
GRANT INCOME
Section 8 HAP Earned 372,147 744,294
Section 8 Admin. Fee Income 57,176 92,750
Port-In Admin Fees Earned 889 1,778
Port In HAP Earned 13,637 25,267
TOTAL GRANT INCOME 443,849 864,089
OTHER INCOME
Investment Income - Unrestricted 205 432
Fraud Recovery 1,002 1,404
TOTAL OTHER INCOME 1,207 1,836
TOTAL INCOME 444,054 869,309
EXPENSES
ADMINISTRATIVE EXPENSES
Administrative Salaries
Administrative Salaries 10,972 25,384
Employee Benefit Contribution-Admin 4,281 9,889
Total Administrative Salaries 15,253 35,273
Other Admin Expenses
Staff Training 0 1,295
Accounting Fees 678 678
Port Out Admin Fee Paid 5,113 11,115
Office Rent 0 625
Total Other Admin Expenses 5,790 13,712
Miscellaneous Admin Expenses
Membership and Fees 0 263
Telephone 40 423
Other Misc Admin Expenses 8,848 8,848
HCV not including MS5 (.hcv-fin)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 2
32
Period to Date Year to Date
HCV not including MS5 (.hcv-fin)
Income Statement
Period = Feb 2025
Book = Accrual
Total Miscellaneous Admin Expenses 24,141 44,808
TOTAL ADMINISTRATIVE EXPENSES 29,932 58,520
MAINTENANCE AND OPERATIONAL EXPENSES
HOUSING ASSISTANCE PAYMENTS
Housing Assistance Payments 290,919 586,173
Tenant Utility Payments-Voucher 1,291 2,588
Port Out HAP Payments 78,054 166,675
FSS Escrow Payments 1,351 2,692
TOTAL HOUSING ASSISTANCE PAYMENTS 371,615 758,128
TOTAL EXPENSES 401,547 816,648
NET INCOME 42,507 52,661
Page 2 of 2
33
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
Unrestricted Cash
Cash Operating 1 349,370
Total Unrestricted Cash 349,370
Restricted Cash
Cash Restricted-FSS Escrow 70,699
Cash Restricted-HAP -24,536
Total Restricted Cash 46,163
TOTAL CASH 395,532
ACCOUNTS AND NOTES RECEIVABLE
A/R -Tenants 2,904
A/R - Tenant Payment Agreement (TPA 7,280
A/R - HUD 35,001
A/R Port Ins 34,262
A/R Port In Suspense 1,136
TOTAL ACCOUNTS AND NOTES RECEIVAB 80,583
OTHER CURRENT ASSETS
Investments-Unrestricted 63,216
TOTAL OTHER CURRENT ASSETS 63,216
TOTAL CURRENT ASSETS 539,331
NONCURRENT ASSETS:
TOTAL ASSETS 539,331
LIABILITIES & EQUITY
LIABILITIES:
CURRENT LIABLITIES:
A/P Vendors and Contractors 2,198
Accrued Payroll & Payroll Taxes 35,273
Interprogram-Due To 6,837
Tenant Prepaid Rents 336
Accrued Compensated Absences-Curren 5,777
TOTAL CURRENT LIABILITIES 50,421
HCV not including MS5 (.hcv-fin)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 2
34
Current Balance
HCV not including MS5 (.hcv-fin)
Balance Sheet
Period = Feb 2025
Book = Accrual
NONCURRENT LIABILITIES:
Accrued Compensated Absences-LT 4,727
FSS Escrow 67,347
TOTAL NONCURRENT LIABILITIES 72,073
TOTAL LIABILITIES 122,494
EQUITY
RESERVED FUND BALANCE
Reserved for Capital Activities -24,536
TOTAL RESERVED FUND BALANCE -24,536
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass 441,373
TOTAL RETAINED EARNINGS:441,373
TOTAL EQUITY 416,837
TOTAL LIABILITIES AND EQUITY 539,331
Page 2 of 2
35
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
GRANT INCOME
Section 8 HAP Earned 23,319 46,638
Section 8 Admin. Fee Income 242 484
TOTAL GRANT INCOME 23,561 47,122
TOTAL INCOME 23,561 47,122
EXPENSES
ADMINISTRATIVE EXPENSES
Administrative Salaries
Administrative Salaries 422 1,697
Employee Benefit Contribution-Admin 164 660
Total Administrative Salaries 586 2,357
Other Admin Expenses
Port Out Admin Fee Paid 667 1,334
Total Other Admin Expenses 667 1,334
Miscellaneous Admin Expenses
Other Misc Admin Expenses 32 32
Total Miscellaneous Admin Expenses 618 2,389
TOTAL ADMINISTRATIVE EXPENSES 1,285 3,723
MAINTENANCE AND OPERATIONAL EXPENSES
HOUSING ASSISTANCE PAYMENTS
Housing Assistance Payments 14,339 29,422
Tenant Utility Payments-Voucher 1 2
Port Out HAP Payments 9,497 18,994
TOTAL HOUSING ASSISTANCE PAYMENTS 23,837 48,418
TOTAL EXPENSES 25,122 52,141
NET INCOME -1,561 -5,019
Mainstream 5 (ms5)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 1
36
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
Unrestricted Cash
Cash Operating 1 950
Total Unrestricted Cash 950
Restricted Cash
Cash Restricted-HAP -17,183
Total Restricted Cash -17,183
TOTAL CASH -16,233
ACCOUNTS AND NOTES RECEIVABLE
A/R - HUD 15,403
TOTAL ACCOUNTS AND NOTES RECEIVAB 15,403
TOTAL CURRENT ASSETS -830
NONCURRENT ASSETS:
TOTAL ASSETS -830
LIABILITIES & EQUITY
LIABILITIES:
CURRENT LIABLITIES:
A/P Vendors and Contractors -9,408
Accrued Payroll & Payroll Taxes 2,357
TOTAL CURRENT LIABILITIES -7,051
TOTAL LIABILITIES -7,051
EQUITY
RESERVED FUND BALANCE
Reserved for Capital Activities -17,183
TOTAL RESERVED FUND BALANCE -17,183
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass 23,404
TOTAL RETAINED EARNINGS:23,404
Mainstream 5 (ms5)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 2
37
Current Balance
Mainstream 5 (ms5)
Balance Sheet
Period = Feb 2025
Book = Accrual
TOTAL EQUITY 6,221
TOTAL LIABILITIES AND EQUITY -830
Page 2 of 2
38
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
EXPENSES
ADMINISTRATIVE EXPENSES
Miscellaneous Admin Expenses
Sundry Exp - STEP 5,245 5,245
Total Miscellaneous Admin Expenses 5,245 5,245
TOTAL ADMINISTRATIVE EXPENSES 5,245 5,245
MAINTENANCE AND OPERATIONAL EXPENSES
TOTAL EXPENSES 5,245 5,245
NET INCOME -5,245 -5,245
FSS (fssgrant)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 1
39
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
NONCURRENT ASSETS:
LIABILITIES & EQUITY
LIABILITIES:
CURRENT LIABLITIES:
Interprogram-Due To 5,245
TOTAL CURRENT LIABILITIES 5,245
TOTAL LIABILITIES 5,245
EQUITY
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass -5,245
TOTAL RETAINED EARNINGS:-5,245
TOTAL EQUITY -5,245
FSS (fssgrant)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 1
40
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
GRANT INCOME
ROSS Revenue 6,621 6,621
TOTAL GRANT INCOME 6,621 6,621
TOTAL INCOME 6,621 6,621
EXPENSES
ADMINISTRATIVE EXPENSES
Miscellaneous Admin Expenses
Other Misc Admin Expenses 621 621
Total Miscellaneous Admin Expenses 621 621
TOTAL ADMINISTRATIVE EXPENSES 621 621
TENANT SERVICES
Project Coordinator 6,000 6,000
TOTAL TENANT SERVICES EXPENSES 6,000 6,000
MAINTENANCE AND OPERATIONAL EXPENSES
TOTAL EXPENSES 6,621 6,621
NET INCOME 0 0
ROSS (rosssvc)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 1
41
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
NONCURRENT ASSETS:
LIABILITIES & EQUITY
LIABILITIES:
EQUITY
ROSS (rosssvc)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 1
42
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
GRANT INCOME
Hennepin County Rev 40,802 80,303
Hennepin County Admin Rev 3,868 7,838
TOTAL GRANT INCOME 44,670 88,141
TOTAL INCOME 44,670 88,141
EXPENSES
ADMINISTRATIVE EXPENSES
Administrative Salaries
Administrative Salaries 2,425 4,850
Employee Benefit Contribution-Admin 943 1,886
Total Administrative Salaries 3,368 6,736
Other Admin Expenses
Accounting Fees 150 150
Total Other Admin Expenses 150 150
Miscellaneous Admin Expenses
Other Misc Admin Expenses 288 288
Total Miscellaneous Admin Expenses 3,656 7,024
TOTAL ADMINISTRATIVE EXPENSES 3,806 7,174
MAINTENANCE AND OPERATIONAL EXPENSES
HOUSING ASSISTANCE PAYMENTS
Housing Assistance Payments 39,882 79,050
TOTAL HOUSING ASSISTANCE PAYMENTS 39,882 79,050
TOTAL EXPENSES 43,688 86,224
NET INCOME 982 1,916
Stable Home (stablehm)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 1
43
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
Unrestricted Cash
Cash Operating 1 49,094
Total Unrestricted Cash 49,094
TOTAL CASH 49,094
ACCOUNTS AND NOTES RECEIVABLE
A/R - Tenant Payment Agreement (TPA 2,804
A/R -Other 88,141
TOTAL ACCOUNTS AND NOTES RECEIVAB 90,944
TOTAL CURRENT ASSETS 140,038
NONCURRENT ASSETS:
TOTAL ASSETS 140,038
LIABILITIES & EQUITY
LIABILITIES:
CURRENT LIABLITIES:
A/P Vendors and Contractors -805
Accrued Payroll & Payroll Taxes 6,736
Interprogram-Due To 106,391
Accrued Compensated Absences-Curren 1,143
TOTAL CURRENT LIABILITIES 113,464
NONCURRENT LIABILITIES:
Accrued Compensated Absences-LT 935
TOTAL NONCURRENT LIABILITIES 935
TOTAL LIABILITIES 114,399
EQUITY
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass 25,639
TOTAL RETAINED EARNINGS:25,639
Stable Home (stablehm)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 2
44
Current Balance
Stable Home (stablehm)
Balance Sheet
Period = Feb 2025
Book = Accrual
TOTAL EQUITY 25,639
TOTAL LIABILITIES AND EQUITY 140,038
Page 2 of 2
45
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
Rental Income
50059 HAP Subsidy 18,473 35,165
Total Rental Income 18,473 35,165
TOTAL TENANT INCOME 18,473 35,165
GRANT INCOME
Admin Fee Revenue 1,790 3,190
Admin Fee Revenue- to STEP 1,780 2,900
TOTAL GRANT INCOME 3,570 6,090
TOTAL INCOME 22,043 41,255
EXPENSES
ADMINISTRATIVE EXPENSES
Administrative Salaries
Administrative Salaries 877 1,754
Employee Benefit Contribution-Admin 341 682
Total Administrative Salaries 1,218 2,436
Other Admin Expenses
Accounting Fees 150 150
Total Other Admin Expenses 150 150
Miscellaneous Admin Expenses
Other Misc Admin Expenses 96 96
Total Miscellaneous Admin Expenses 1,314 2,532
TOTAL ADMINISTRATIVE EXPENSES 1,464 2,682
MAINTENANCE AND OPERATIONAL EXPENSES
HOUSING ASSISTANCE PAYMENTS
Housing Assistance Payments 19,178 37,985
TOTAL HOUSING ASSISTANCE PAYMENTS 19,178 37,985
TOTAL EXPENSES 20,642 40,667
NET INCOME 1,401 588
Kids in the Park (kidspark)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 2
46
Period to Date Year to Date
Kids in the Park (kidspark)
Income Statement
Period = Feb 2025
Book = Accrual
Page 2 of 2
47
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
Unrestricted Cash
Cash Operating 1 26,095
Total Unrestricted Cash 26,095
TOTAL CASH 26,095
ACCOUNTS AND NOTES RECEIVABLE
A/R -Other 41,255
TOTAL ACCOUNTS AND NOTES RECEIVAB 41,255
TOTAL CURRENT ASSETS 67,350
NONCURRENT ASSETS:
TOTAL ASSETS 67,350
LIABILITIES & EQUITY
LIABILITIES:
CURRENT LIABLITIES:
A/P Vendors and Contractors 4,935
Other Current Liabilities 1,694
Accrued Payroll & Payroll Taxes 2,436
Interprogram-Due To 44,298
Accrued Compensated Absences-Curren 460
TOTAL CURRENT LIABILITIES 53,823
NONCURRENT LIABILITIES:
Accrued Compensated Absences-LT 376
TOTAL NONCURRENT LIABILITIES 376
TOTAL LIABILITIES 54,199
EQUITY
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass 13,151
TOTAL RETAINED EARNINGS:13,151
Kids in the Park (kidspark)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 2
48
Current Balance
Kids in the Park (kidspark)
Balance Sheet
Period = Feb 2025
Book = Accrual
TOTAL EQUITY 13,151
TOTAL LIABILITIES AND EQUITY 67,350
Page 2 of 2
49
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
OTHER INCOME
Investment Income - Unrestricted 975 2,024
Investment Income - Restricted 43 90
TOTAL OTHER INCOME 1,018 2,114
TOTAL INCOME 1,018 2,114
EXPENSES
ADMINISTRATIVE EXPENSES
Other Admin Expenses
Accounting Fees 160 160
Total Other Admin Expenses 160 160
Miscellaneous Admin Expenses
Bank Fees 141 253
Total Miscellaneous Admin Expenses 141 253
TOTAL ADMINISTRATIVE EXPENSES 301 413
MAINTENANCE AND OPERATIONAL EXPENSES
TOTAL EXPENSES 301 413
NET INCOME 716 1,701
General Fund - Cocc - interco (cocc)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 1
50
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
Unrestricted Cash
Cash Operating 1 115,503
Total Unrestricted Cash 115,503
TOTAL CASH 115,503
OTHER CURRENT ASSETS
Investments-Unrestricted 375,443
Investments-Restricted 13,167
Interprogram-Due From 177,284
TOTAL OTHER CURRENT ASSETS 565,894
TOTAL CURRENT ASSETS 681,398
NONCURRENT ASSETS:
TOTAL ASSETS 681,398
LIABILITIES & EQUITY
LIABILITIES:
EQUITY
RESERVED FUND BALANCE
Reserved for Operating Activities 13,167
TOTAL RESERVED FUND BALANCE 13,167
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass 668,231
TOTAL RETAINED EARNINGS:668,231
TOTAL EQUITY 681,398
TOTAL LIABILITIES AND EQUITY 681,398
General Fund - Cocc - interco (cocc)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 1
51
Period to Date Year to Date
Revenue & Expenses
INCOME
TENANT INCOME
GRANT INCOME
Capital Fund Grants 2,200 2,200
TOTAL GRANT INCOME 2,200 2,200
TOTAL INCOME 2,200 2,200
EXPENSES
ADMINISTRATIVE EXPENSES
MAINTENANCE AND OPERATIONAL EXPENSES
NET INCOME 2,200 2,200
CFP (cfp2024)
Income Statement
Period = Feb 2025
Book = Accrual
Page 1 of 1
52
Current Balance
All
ASSETS
CURRENT ASSETS
CASH
NONCURRENT ASSETS:
FIXED ASSETS
Site Improvement 214,747
TOTAL FIXED ASSETS 214,747
TOTAL NONCURRENT ASSETS 214,747
TOTAL ASSETS 214,747
LIABILITIES & EQUITY
LIABILITIES:
EQUITY
RETAINED EARNINGS:
Retained Earnings-Unrestricted Net Ass 214,747
TOTAL RETAINED EARNINGS:214,747
TOTAL EQUITY 214,747
TOTAL LIABILITIES AND EQUITY 214,747
CFP (cfp2024)
Balance Sheet
Period = Feb 2025
Book = Accrual
Page 1 of 1
53