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HomeMy WebLinkAbout2024/12/11 - ADMIN - Agenda Packets - Housing Authority - RegularMISSION STATEMENT  The Housing Authority develops, integrates, and operates housing and housing assistance policies   and programs to ensure the availability of safe, affordable, and desirable housing options that meet the  diverse, lifecycle housing needs of all the residents of St. Louis Park.  AGENDA  Housing Authority, St. Louis Park, Minnesota  Wednesday, December 11, 2024 5 p.m.   Community Room, first floor  1.Roll Call 2.Approval of Minutes for November 13, 2024 3.Hearings: a.None 4.Presentation a.None 5.Unfinished Business a.None 6.New Business a.Statutory commission scope of work discussion with council b.Approval of Housing Authority budget for fiscal year ending Dec. 31, 2025, Resolution No. 769 c.Contract amendment for CEE loan programs d.Bring it Home State Rental Assistance Program discussion 7.Communications from Executive Director a.Claims Lists: November 2024 b.Financials: August 2024 c.Communications: Legal Compliance Representation form 8.Other: Next meeting January 8, 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 MINUTES  St. Louis Park Housing Authority  St Louis Park, MN  Wednesday, November 13, 2024, 5 p.m.    MEMBERS PRESENT: Commissioner Paul Beck, Commissioner Thom Miller, Commissioner  Richard Webb      MEMBER ABSENT: Commissioner Reynold Burrowes, Commissioner Catherine Courtney    STAFF PRESENT: Marney Olson, Pat Coleman, Angela Nelson        1. Call to Order – The meeting was called to order at 5:05 p.m.     2. Approval of Minutes – Minutes for the October 2024 board meeting were reviewed. A  motion to approve was made by Commissioner Webb and seconded by Commissioner Beck.  Motion passed 3‐0.      3. Hearings – None.     4.  Presentation – None.    5. Unfinished Business – None    6. New Business  a. Approval of Utility Allowances for Housing Choice Voucher Program and Public Housing,  Resolution No. 766 ‐ Ms. Olson reviewed the Housing Choice Voucher Program and  Public Housing utility allowances with changes to natural gas and electric effective  January 1, 2025. In accordance with HUD regulations, the utility allowances must be  analyzed annually. Motion to approve Resolution 766 was made by Commissioner Webb  and seconded by Commissioner Beck. Motion passed 3‐0.    b. Revisions to the Public Housing calculation of Flat Rent, Resolution No. 767 ‐ Ms. Olson  reviewed the staff recommendation to continue the flat rent calculations set in 2024.  However, an updated resolution is required because the 2024 resolution did not specify  that the two‐bedroom flat rents could not be set below 80% of the FMR. Motion to  approve Resolution 767 was made by Commissioner Webb and seconded by  Commissioner Beck. Motion passed 3‐0.    c. Public Housing Program Collection Loss Write‐off, Resolution No. 768 – Ms. Olson  reviewed the annual write off with the board for the public housing program in the  amount of $15,857.66. These charges were due to cleaning, repairs and materials at  move out. Although the HA will write them off for audit purposes, staff continue to try  3 and collect funds. Motion to approve was made by Commissioner Webb and seconded  by Commissioner Beck. Motion passed 3‐0.    d. Statutory commission scope of work discussion – Commissioners Beck, Miller and Webb  agreed that in the absence of commissioners Courtney and Burrowes, the discussion  should be tabled.    e. Bring it Home State Rental Assistance program – Ms. Olson said the RFP is expected in  January 2025. The program has a maximum of 50% AMI. By statute, the program must  prioritize households with children and incomes up to 30% AMI. This is designed around  addressing families. This is the first statewide rental assistance program. This will be  brought back in December for further discussion.     7.    Communications    8.    Other  9.     Adjournment  Commissioner Webb moved to adjourn the meeting and Commissioner Beck seconded; the  motion passed 3‐0.  The meeting was adjourned at 6:00 p.m.    Respectfully submitted,    _________________         Reynold Burrowes, Secretary  4 HOUSING AUTHORITY OF ST. LOUIS PARK                      Agenda Item #6a   St. Louis Park, Minnesota  Meeting Date: December 11, 2024        TITLE: Statutory board and commission scope of work discussion with the St. Louis Park City Council    RECOMMENDED ACTION: This item is for discussion purposes.       POLICY CONSIDERATION: Does the board wish to consider changes to the scope and purpose of the  Housing Authority?      SUMMARY: During a May 20, 2024 special study session, the city council expressed a desire to further  discuss the purpose of the statutory boards. City staff prepared a special study session report October  21, 2024, attached for your review.    In preparation for the October 28, 2024 city council study session, the HA board discussed the following  questions at their October HA board meeting :   What has each commission been working on in 2024?   How can the council support boards and commissions in the future?    The HA board chair presented responses to both questions at the October 28 council study session.    During the meeting, the council inquired about expanding the scope of the HA board and if the board  had additional capacity. Pat Coleman, community engagement coordinator, noted that discussing the  scope of work would be at a later date, tentatively scheduled for January 2025. The draft council study  session minutes are attached for your review.     In preparation for the council’s discussion on scope of work for statutory boards, Pat Coleman,  community engagement coordinator, will facilitate a discussion with board members around scope of  the HA board, specifically:    Do HA board members feel they have capacity to expand the role of the HA board?   Is there interest in expanding the scope of work of the HA board? Any changes would be in  addition to the work that is statutorily required of the HA board.    Changes to the HA board’s scope of work would require council approval and would need to comply with  state statute and city code.     This item was originally on the November agenda but was tabled and moved to the December meeting.     Attachments: October 21, 2024 city council staff report    Draft October 28, 2024 study session minutes       Prepared by:  Marney Olson, Housing Supervisor        5 Meeting: Special study session Meeting date: October 21, 2024 Written report: 4 Executive summary Title: Authority to change the scope and purpose of the statutory bodies Recommended action: None. This item is being provided in response to council’s request for information. Policy consideration: None at this time. This item is being provided for informational purposes only. Summary: During a May 20, 2024, special study session, the city council expressed a desire to further discuss the purpose of the statutory boards. In response, staff compiled information in this report that provides the purpose for each of the statutory boards and commissions and the source of where each body derives their authority. To the extent council has the authority to do so, this report includes the process council would have to follow to make any changes to the purpose or scope of work of any of these boards. A separate study session discussion will be scheduled for January 2025. At that time, the council will be asked to provide direction to staff on this topic. Financial or budget considerations: There are no financial or budget considerations for this item. Strategic priority consideration: Not applicable. Supporting documents: Discussion •Chapter 2 of St. Louis Park City Code •Housing Authority state statute: Minnesota statutes 469.001 to 469.047 o Resolutions No. 88-134 and 89-29 o Ordinance No. 1763-88 •Chapter 462 of Minnesota state statute: Planning Commission •Chapter 420, of Minnesota state statute: fire civil service Prepared by: Pat Coleman, community engagement coordinator Reviewed by: Cheyenne Brodeen, administrative services director Approved by: Cindy Walsh, deputy city manager 6 Special study session meeting of October 21, 2024 (Item No. 4) Page 2 Title: Authority to change the scope and purpose of the statutory bodies Discussion Background: The council has been discussing ways to improve and increase the effectiveness of its boards and commissions since 2022. During a special study session on May 20, 2024, it was noted that one of the statutory boards, the Housing Authority, had concerns about their utilization as a body. Council directed staff to come back with information about the purpose and scope of work for each statutory board along with whether there were opportunities for council to update their scope. St. Louis Park has established statutory boards and commissions through a mix of state statutes and local ordinances; this impacts the scope and authority of each board. Minnesota statutes and city code outline the powers and responsibilities of these boar ds, which include the Planning Commission, Board of Zoning Appeals and the Housing Authority. Technically, the Fire Civil Service Commission is not a board that reports to council; however, they have been included in this report because council makes appointments to their body. The council’s authority to change the full purpose and scope of work for the se four boards and commissions is limited. The League of Minnesota Cities: Handbook for Minnesota Cities offers general guidance to councils contemplating making changes to a board or commission’s purpose, scope of work, etc. It provides a high-level outline of the opportunities and limitations for the council to consider. Specific details regarding the St. Louis Park’s statutory boards and commissions are listed below in present considerations. Here are the general opportunities and limitations provided by the League of Minnesota Cities: Opportunities: • Ordinances and resolutions: • Ordinances: These are laws passed by the city council that can establish, modify or repeal the powers and responsibilities of a board or commission. The process typically involves drafting the ordinance, holding a public hearing (note: St. Louis Park’s boards and commissions do not require a public hearing to be held unless explicitly required in a statute of the governing body), and then voting on it. Ordinances are often used for more permanent or significant changes. • Resolutions: These are formal statements of a decision or expression of opinion by the city council. Resolutions can be used to direct the actions of statutory boards or to set policies. They are generally easier to pass than ordinances and can be used for more temporary or specific issues. • State legislation: Since the city’s authority to have statutory boards and the bodies’ specific authority is often derived from state law, changes to their powers and purposes might require action by the Minnesota State Legislature. The city council can lobby state legislators to propose and pass the necessary changes. This process involves drafting a bill, finding legislative sponsors and navigating the legislative process at the state level. • Administrative actions: The city council can issue new guidelines or policies that affect how statutory boards operate within the framework of existing laws. This might include setting new operational procedures, performance standards, or reporting requirements. 7 Special study session meeting of October 21, 2024 (Item No. 4) Page 3 Title: Authority to change the scope and purpose of the statutory bodies Administrative actions are typically more flexible and can be implemented more quickly than legislative changes. • Public engagement: Engaging with the community through public consultations and hearings is crucial for ensuring that changes reflect the needs and desires of residents. This process can involve holding public meetings, conducting surveys and gathering fee dback from stakeholders. Public engagement helps build consensus and ensures transparency in the decision-making process. Limitations: • Enabling resolution: The city council must pass an enabling resolution to establish or modify the powers of an Economic Development Authority (EDA) or a statutory board. This resolution outlines the roles, responsibilities and limitations of the EDA or a statutory board. • State statutes: Changes must comply with Minnesota state statutes, particularly those outlined in chapter 469 of the Minnesota Statutes, which govern EDAs. These statutes set specific guidelines and limitations on what an EDA or statutory board can and cannot do. • Public hearing: Before making significant changes, the city council is often required to hold a public hearing to gather input from the community. • Review and Approval: Any modifications to the scope of an EDA or a statutory board must be reviewed and approved by the city council. This process includes considering recommendations from the EDA or statutory board. • Legal compliance: All changes must comply with other relevant laws and regulations, including those related to public finance, land use and economic development Present considerations: This report is intended to provide council with the necessary information regarding their authority to change the purpose and scope of work for statutory boards and commissions. If council chooses to pursue changes to any of the statutory boards, the path that is needed to make that change will depend on what the specific change might be. Staff, along with the city attorney, will most likely need to provide additional review and recommendation on any proposed changes. Staff is providing this report to the council in preparation for the statutory board and commission’s check-in meeting on Oct. 28, 2024, which will include representatives from the Fire Civil Service Commission, Planning Commission, Board of Zoning Appeals and Housing Authority. The purpose of the statutory board and commission check-in meeting is to touch base with the council on what each body has been working on. The follow-up discussion around the information in this report will occur at a study session in January 2024. There are three boards and commissions for which the council could consider changes to its purpose and scope of work. A summary of their purpose and where each specific board derives their power is below. Fire Civil Service Commission The Fire Civil Service Commission has the authority to oversee the employment, promotion, discharge, and suspension of all offices and employees within a city’s fire department. This includes roles such as the chief, assistant chief, inspectors and clerks involved in the fire prevention and protection. 8 Special study session meeting of October 21, 2024 (Item No. 4) Page 4 Title: Authority to change the scope and purpose of the statutory bodies Their powers derive from Chapter 420 of the Minnesota Statute, which grants them control and supervision over these aspects to ensure efficiency and proper functioning of the fire department. Changing role, authority or scope of this board will require a change in Minnesota statute. It should be noted that that the City of St. Louis Park is one of very few cities in Minnesota that has a Fire Civil Service Commission. Fire Civil Service Commissions used to be more prevalent in the past. Cities have been moving away from this model and delegating their powers and duties to the city manager, city administrator or city council as aligned with their specific city structure. Housing Authority The Housing Authority has vested powers, duties and obligations to the authority for the purpose of managing, planning and implementing the city’s low- and moderate-income housing programs. The body is additionally responsible for: planning and implementing new housing programs for low- and moderate-income groups, and accepting projects delegated by the EDA. They can also levy special benefit taxes to support these housing projects, with city council approval. In 1970, the City of St. Louis Park first established a Housing Redevelopment Authority. In 1988, the City of St. Louis Park vested the EDA with many powers previously held by the HRA, and the old HRA was renamed to the “Housing Authority” (eliminating the “redevelopment” in its name) and the scope of its responsibilities became more limited. The ordinance shifted to the EDA many of the statutory powers which are enumerated by statute for an HRA. The new Housing Authority of St. Louis Park (the “Authority”) was authorized to “exercise all of the powers granted under Minnesota Statutes Section 469.001 to 469.047” for the purpose “of implementing the city’s low and moderate housing programs and projects. Their powers derive from Chapter 469 of the Minnesota Statutes, which grants them the authority to address substandard, slum or blighted areas and provided housing for low -income families. Changing role, authority or scope of this board will require an ord inance change. Increasing scope of the board would remove duties and authority from the EDA; additionally, there are statutory limitations to consider. Planning Commission and Board of Zoning Appeals The Planning Commission is responsible for reviewing and making recommendations on land use, site plans, conditional use permits, variances and land subdivisions. The commission is also responsible for playing a key role in shaping the city’s comprehensive plan and ensuring orde rly development. The Board of Zoning Appeals is responsible for hearing and deciding appeals related to zoning decisions made by the Zoning Administrator. This includes granting variances, reviewing orders, requirements, permits, decisions or refusals made under the zoning code. The board also ensures that zoning regulations are applied fairly and consistently. Their powers derive from Chapter 462 of the Minnesota Statutes, which provides the legal framework for the commission’s establishment and operation, granting them advisory authority 9 Special study session meeting of October 21, 2024 (Item No. 4) Page 5 Title: Authority to change the scope and purpose of the statutory bodies to the city council in all matters wherein powers are assigned to the city council by state law or city charter concerning land use, comprehensive planning, zoning, plating, changes in streets, or other matters of a general planning nature and for the Board of Zoning Appeals to hear appeals and make decisions on zoning matters. Changing role, authority or scope of this board will require a change in Minnesota statute. In conclusion, the city council can propose changes to the scope of work for statutory boards, but there are tradeoffs and limitations. Any changes would need to comply with state statutes and local ordinances. Additionally, significant changes might require approval from the state legislature or a vote by the city residents, depending on specific legal framework governing the city. Next steps: There will be a later study session item in January 2024 for council members to provide staff direction about whether to pursue changes to statutory boards’ scope of work. 10     DRAFT minutes  City council study session  St. Louis Park, Minnesota  Oct. 28, 2024     1. Statutory boards annual meeƟng preparaƟon discussion.   Mr. Coleman presented the staff report. The statutory boards and council members introduced  themselves. Mia Divecha, Thom Miller and Kyle  Wermerskirchen presented on behalf of their  respecƟve boards.     Council Member Dumalag asked Mr. Miller whether their agency plan, public hearings and  tenant advisory minutes are available to the council for review. Mr. Miller stated he is not sure if  that informaƟon is part of city council agenda packets. Ms. Olson clarified that housing  authority meeƟng minutes are included in the housing authority packets. The public hearing  informaƟon is included, with comments, when the housing authority board is approving the  plans. Mr. Coleman added all documented informaƟon is available for the council to review as  needed.    Mr. Miller added one of the members of the commission is a resident of Hamilton House and  has been a great addiƟon to the board, providing much‐needed informaƟon.    Council Member Budd stated she is interested in the housing authority tenant advisory report  but had not seen that informaƟon anywhere. She asked if this commiƩee’s work is ongoing. Ms.  Olson stated yes, adding the resident advisory commiƩee meets annually and gathers input  from residents on housing programs.    Council Member Budd asked if the housing commission has a delegated seat for public housing  residents, as with the resident currently serving. Ms. Olson stated the seat member does not  have to live in public housing, but has to be a program parƟcipant of the housing authority, such  as a voucher holder. Mr. Miller added one of the items the housing authority commission would  like from the council is to act on commission appointments faster, noƟng this posiƟon was open  from May through November.    Council Member Brausen stated this Ɵme frame was when the council was studying boards and  commissions, resulƟng in delayed appointments. He asked if the resident boards could review  items before they come to the housing authority. Mr. Miller stated this issue has not been  pushed forward by any other commissioner except himself.   Council Member Rog asked about the mission of the workplan and stated she could not find a  descripƟon of the purpose of the housing commission in the documents provided to  the council. She stated she would like to see the most current housing commission mandate  before moving forward on discussions about what the council would want from this body. Mr.  11     Coleman stated that is a different conversaƟon, but noted the most recent version is in the  report that was given out last week.    Council Member Rog asked if the workplan leverages the skills and talents of the those on the  housing authority commission and maximizes their Ɵme and energy. Mr. Miller stated parƟally,  and added there is a diverse group on the commission, including realtors, an aƩorney and a  resident. He stated there is much interest in learning about public housing and everyone is  engaged, but he noted there could be more engagement as well. Ms. Olson stated the HA Board  would be working on the state Bring it Home rental assistance program which will be  forthcoming.    12 HOUSING AUTHORITY OF ST. LOUIS PARK                      Agenda Item #6b  St. Louis Park, Minnesota  Meeting Date:  December 11, 2024    TITLE: Approval of Public Housing Operating Budget Fiscal Year Ending December 31, 2025, Resolution No. 769    RECOMMENDED ACTION:    Staff recommends the Housing Authority (HA) Board of Commissioners approve Resolution No. 769 adopting the  Public Housing (PH) Operating Budget for Fiscal Year Ending (FYE) December 31, 2025.      POLICY CONSIDERATION:    According to HUD regulations, the HA is required to develop and adopt an operating budget annually to support  the operation of the PH Program.  The budget must be for a period of operation covering the Fiscal Year (FY).  The  HA’s FY period is January 1 through December 31.  The HA’s FY coincides with HUD’s funding cycle and the city’s  budgeting cycle.  Operating budgets are not required by HUD for other programs such as the HCV program or  other non‐HUD programs; however, the development and approval of operating budgets is recommended as a  best practice.    HUD allocates PH Operating Subsidy annually on a twelve‐month calendar year period.  The operating subsidy  allocation is based on a formula calculation that considers the HA’s rent revenue and operational expenses for  administering the public housing program. The operating subsidy estimate for 2025 budget is based on the  calculation from HUD form 52573 which was submitted to HUD in October 2024. The HA is using $339,000 for an  estimated operating subsidy for 2025. This is a nearly $100,00 reduction in the budgeted amount for 2024.      The revenues and expenses listed in the PH operating budget are for the HA owned PH units only.  In accordance  with the regulatory agreement between the City of St. Louis Park and the PPL Louisiana Court Limited Partnership,  the HA provides annual operating subsidy to PPL in an amount equal to expenses minus revenues for the operation  of the twelve Metropolitan Housing Opportunity Program (MHOP) units.  The regulatory agreement caps the  amount of subsidy provided to ensure that the PPL units do not receive a disproportionate amount of the subsidy  the HA receives from HUD.  Subsidy for the MHOP units will be reflected as a single expense entry on the budget.   For FY 2025, the anticipated subsidy contribution is approximately $26,700.  PPL submits an annual budget and  monthly financial reports for the HA’s review.      SUMMARY:    FY 2025 Operating Fund Proration Levels:  The actual amount of operating subsidy received could be greater or less depending on any changes to HUD  formula calculation as well as proration levels.  Proration levels are based on total amount of operating subsidy  funding available in HUD’s budget for the FY and the total amount annual subsidy requested from HAs  administering PH programs.      Public Housing Operating Budget for FY 2025     Operating Subsidy: $339,000  HUD allocates operating subsidy on a calendar year basis.  The operating subsidy calculation is formula based and  considers the total number, type and bedroom mix of the PH units owned by the HA and the amount of rent  revenue the HA collects annually. Utility costs are also taken into consideration.  The 2025 operating subsidy  eligibility calculation is $339,000.      13 Total Revenues: $1,321,000  Total revenue including rents, interest, operating subsidy and other income is projected at $1,321,000 for FY 2025.   This is a 3.5% decrease compared to the 2024 budget revenue. It is estimated that the 2025 rental revenue will  come in higher than the 2024 budgeted amount, but the operating subsidy is nearly $100,000 lower than the  amount approved in the 2024 budget. The budget for 2025 does not include any capital fund (CFP) dollars  transferred into the operating fund because the PH current reserves can be accessed for operating fund purposes.     Total Operating Expenses: $1,370,889  Total routine operating expenditures for FY 2025 are projected at $1,370,889 which is a slight decrease from the  2024 budget due to less software expenses in 2025 and using capital funds for more contract costs in 2025.          Operating Income (Loss): ($49,899)  This year’s budget projects a budget deficit of $49,899.  Although staff typically strive to present a balanced  budget, the budget presented is a reflection of anticipated decreased revenues and similar expenses for FY 2025.  Current reserves for the program exceed the recommended six months of operating expense which provides  adequate funding to cover the projected deficit. Although staff will continue to be fiscally conservative and identify  measures to cut costs wherever possible, it seems reasonable to spend reserve funds for program needs such as  the software conversion and avoid continued contributions to the reserve creating an excessive balance that could  be at risk of “recapture “by HUD.        Operating Reserves: $899,843 as of July 31, 2024  The operating reserve fund balance as of July 31, 2024 was $899,843. Six months of reserves is approximately  $690,000. A deficit for 2025 will get the reserve balance closer to the HUD guidelines of maintaining a six‐month  operating reserve. The HA will continue to monitor revenue and expenses to ensure that a healthy reserve is  maintained.      Housing Choice Voucher, Kids in the Park and Stable Home Budget  Operating budgets are not required by HUD for other programs such as the HCV program or other non‐HUD  programs; however, the development and approval of operating budgets is recommended as a best practice. HA  staff have prepared budgets for the Housing Choice Voucher, Kids in the Park and Stable Home programs for  admin only. The budget for these three programs is attached. Revenue is received through admin fees for each  assistance voucher that is in use.     Staff will review the budget in greater detail and answer questions at the board meeting.     NEXT STEPS:    It is recommended that the Housing Authority Board of Commissioners adopt Resolution No. 769 approving the  Public Housing Operating Budget for the Fiscal Year Ending December 31, 2025.    Supporting Documents:  2025 Public Housing operating budget     2025 Housing Choice Voucher, Kids in the Park and Stable Home budget worksheet    PHA Board Resolution No. 769     Prepared by:        Marney Olson, housing supervisor  Reviewed by:     Nicole Randall, housing assistance administrator  14 St. Louis Park Housing Authority 2024 Public Housing operating budget YARDI 2024 2025 INCOME Budget Proposed budget 3100‐00 TENANT INCOME 3119‐00 Total Rental Income 910,000.00  $             955,000.00  3199‐00 Total Other Tenant Income 15,500.00 15,000.00$                 3199‐00 TOTAL TENANT INCOME  $             925,500.00  $             970,000.00  3400‐00 GRANT INCOME 3401‐00 Operating Subsidy 438000.00 339,000.00$              3420‐00 CFP Operations Income 0.00 ‐$  3499‐00 TOTAL GRANT INCOME 438,000.00 339,000.00 3600‐00 OTHER INCOME 3610‐00 Investment income 3000.00 12,000.00$                 3640‐00 Fraud recovery 3650‐00 Miscellaneous other income 3699‐00 TOTAL OTHER INCOME 3,000.00 12,000.00 3999‐00 TOTAL INCOME 1,366,500.00 1,321,000.00 2024 2025 4000‐00 EXPENSES Budget Proposed budget 4100‐00 ADMINISTRATIVE EXPENSES 4100‐99 Admin Salaries 295,500.00$              279,385.00$              4110‐00 Employee Benefits 88,600.00$                98,040.00$                 4110‐03 Compensated Absences 5,000.00$  4130‐04 Legal Expense 5,000.00$  4140‐00 Staff Training 15,000.00$                8,000.00$  4150‐00 Travel 500.00$ 2,000.00$  4190‐07 Telephone Expense 11,500.00$                11,500.00$                 4171‐00 Accounting Fee 9,000.00$ 12,000.00$                 4171‐00 Audit Fee 14,000.00$                14,750.00$                 4180‐00 Office Rent 7,500.00$ 7,500.00$  4190‐22 Sundry Admin 9,000.00$ 15,000.00$                 4190‐12 Software 30,000.00$                23,000.00$                 4199‐00 TOTAL ADMINISTRATIVE  EXPENSES 480,600.00 481,175.00$              4200‐00 TENANT SERVICES   4220‐01 Other tenant services 200.00$ 200.00$  15 4230‐00 Tenant services contract costs 200.00$ 200.00$  4299‐00 TOTAL TENANT SERVICES 400.00 400.00 4300‐00 UTILITY EXPENSES 4310‐00 Water 37,000.00$                38,000.00$                 4320‐00 Electricity 85,000.00$                65,000.00$                 4330‐00 Gas 45,000.00$                35,000.00$                 4390‐00 Sewer 55,000.00$                62,000.00$                 4340‐00 Garbage/Trash Removal 24,000.00$                55,000.00$                 4399‐00 TOTAL UTILITY EXPENSES 246,000.00 255,000.00$              4400‐00 MAINTENANCE AND  OPERATIONAL EXPENSES 4410‐00 Maintenance Salaries 169,400.00$              174,485.00$              4410‐05 Employee Benefit ‐ Maintenance 61,600.00$                61,715.00$                 4420‐01 Maintenance Materials 37,000.00$                30,000.00$                 4420‐02 Supplies‐Appliance 13,000.00$                12,000.00$                 4430‐06 Contract ‐ Electrical 7,000.00$ 9,000.00$  4430‐07 Contract ‐ Pest Control 5,000.00$ 10,000.00$                 4430‐09 Contract ‐ Grounds 20,000.00$                20,000.00$                 4430‐10 Contract ‐ Janitorial/Cleaning 30,000.00$                32,000.00$                 4430‐11 Contract ‐ Plumbing 27,000.00$                25,000.00$                 4430‐13 Contract ‐ HVAC 40,000.00$                20,000.00$                 4430‐17 Contract ‐ Elevator 7,000.00$ 5,000.00$  4430‐18 Contract ‐ Snow Removal 7,000.00$ 7,000.00$  4430‐19 Unit Turnaround Contract Cost 30,000.00$                30,000.00$                 4430‐99 Contract Costs ‐ Other 60,000.00$                60,000.00$                 4499‐00 TOTAL MAINTENANCE AND  OPERATIONAL EXPENSES 514,000.00 496,200.00$              4500‐00 GENERAL EXPENSES 4510‐10 Property Insurance  $                43,500.00  $               41,381.00  4510‐20 Liability Insurance  $ 3,325.00  $ 3,325.00  4500‐00 Insurance‐Other  $ 1,700.00  $ 2,078.00  4520‐00 Pay in Lieu of Taxes  $                31,000.00  $               34,630.00  4570‐00 Collection Losses  $ 2,000.00  $               10,000.00  4590‐00 Other General  $                36,000.00  $               26,700.00  4599‐00 TOTAL GENERAL EXPENSES 117,525.00  $             118,114.00  4715‐06 FSS Escrow Payments  $                25,000.00  $               20,000.00  16 TOTAL  OPERATING  EXPENSES TOTAL OPERATING EXPENSES 1,383,525.00$          1,370,889.00$           OPERATING  INCOME (LOSS) OPERATING INCOME (LOSS)(17,025.00)$                $             (49,889.00) 17 2025 Budget Housing Choice Voucher Operating Revenue 2024 Budget 2025 Budget 3410-04 Port-In Admin Fees Earned 13,500.00$ 20,000.00$ 3410-02 HCV Admin Fee Income 330,000.00$ 427,518.00$ Total operating revenue 343,500.00$ 447,518.00$ Operating Expenses 4110-00 Salaries - Administration HCV 162,000.00$ 185,075.00$ 4110-04 Employee benefit contr. HCV 54,400.00$ 67,565.00$ 4130-04 Legal Expense 1,500.00$ 1,500.00$ 4140-00 Staff Training 20,000.00$ 10,000.00$ 4150-00 Travel 500.00$ 5,000.00$ 4170-00 Accounting fee 6,330.00$ 9,000.00$ 4171-00 Audit fee 16,750.00$ 17,500.00$ 4172-00 Port out admin fees 80,000.00$ 4180-00 Office rent 7,500.00$ 7,500.00$ 4190-07 Telephone 500.00$ 500.00$ 4190-12 Software 54,000.00$ 35,000.00$ 4190-22 Sundry Admin Expense 8,000.00$ 10,000.00$ Total operating expenses 323,480.00$ 428,640.00$ HCV operating income (loss)20,020.00$ 18,878.00$ Mainstream Operating Revenue 2024 Budget 2025 Budget HUD Grants - Admin Fee Mainstream 25,000.00$ 26,000.00$ Total operating revenue 25,000.00$ 26,000.00$ Operating Expenses Salaries - Admin Mainstream 18,200.00$ 17,000.00$ Employee benefit contr. Mainstream 6,400.00$ 6,900.00$ Software 1,625.00$ Total operating expenses 24,600.00$ 25,525.00$ HCV operating income (loss)400.00$ 475.00$ Kids in the Park Operating Revenue 2024 Budget 2025 Budget Admin fee revenue 17,400.00$ 19,140.00$ Admin fee revenue - STEP 14,400.00$ 17,400.00$ Total operating revenue 31,800.00$ 36,540.00$ Operating Expenses 18 Salaries - Administration 10,300.00$ 10,650.00$ Accounting fee 1,800.00$ 2,000.00$ Software 1,770.00$ Sundry Admin Expense - STEP 13,920.00$ 17,400.00$ Employee Benefits 3,600.00$ 3,800.00$ Total operating expenses 31,570.00$ 35,620.00$ KIP operating income (loss)230.00$ 920.00$ Stable Home Operating Revenue 2024 Budget 25-1-000-000-3301.010 Hennepin County Admin Revenue 46,250.00$ 48,850.00$ Total operating revenue 46,250.00$ 48,850.00$ Operating Expenses 25-1-000-000-4110.000 Administrative salaries 30,100.00$ 32,210.00$ 25-1-000-000-4170.000 Accounting fee 1,800.00$ 2,000.00$ 25-1-000-000-4190.000 Sundry Admin Expense 2,925.00$ 3,000.00$ 25-1-000-000-4540.000 Employee Benefits 10,500.00$ 11,470.00$ Total operating expenses 45,325.00$ 48,680.00$ Stable Home operating income (loss)925.00$ 170.00$ 19 20 HOUSING AUTHORITY OF ST. LOUIS PARK                    Agenda Item# 6c  St. Louis Park, Minnesota  Meeting Date: December 11,2024       TITLE: Contract amendments for Center for Energy and Environment loan programs    RECOMMENDED ACTION: Staff recommends the Housing Authority authorize staff to execute  the 18th amendment to the agreement with the Center for Energy and Environment (CEE) for  St. Louis Park home improvement programs.     POLICY CONSIDERATION:  Does the Housing Authority wish to approve authorization of the  amended agreement with CEE?     SUMMARY:  The Housing Authority contracts with the Center for Energy and Environment to  administer the following programs outlined in the attached exhibits to the agreement:    1. MHFA interest subsidy ‐ writes down the interest rate on the Minnesota Housing  Finance Agency (MHFA) community fix up loan program.   2. Move up in the Park – deferred loan for homeowners completing an expansion/addition  to their home  3. Down payment assistance – provides down payment/closing cost assistance to first‐time  homebuyers  4. Multi‐family rental rehabilitation loan – rehab assistance to mulfi‐famiy residential  properties that agree to keep rents affordable  5. Resident Advisor Visit   6. First‐generation homeownership program – down payment/closing cost assistance for  first‐generation homebuyers  The HA has been contracting with CEE for home improvement and loan program services since  1999 and continues to monitor and evaluate the effectiveness of the contracted services and  make modifications to programs as warranted. Annual updates on program utilization are  included in the annual housing report which is typically updated in the spring each year. These  programs continue to be utilized by St. Louis Park residents and are in line with the city’s  strategic priority: “St. Louis Park is committed to providing a broad range of housing and  neighborhood oriented development.”    The 18th amendment updates fees and clarifies eligibility for the programs. All other sections  remain unchanged from the previous amendment.     Supporting documents:  CEE 18th amendment              Exhibit A‐25            Exhibit B‐25    Prepared by:   Marney Olson, housing supervisor      21 https://stlouisparkorg.sharepoint.com/sites/CommunityDevelopment/housing/Shared Documents/1 HsgCoordinator/CEE/Contracts/Amend 18 SLP (DRAFT).doc 12/5/2024 18th AMENDMENT to the LOAN ORIGINATION AGREEMENT Between HOUSING AUTHORITY IN AND FOR THE CITY OF ST. LOUIS PARK And CENTER FOR ENERGY AND ENVIRONMENT (St. Louis Park Home Improvement Programs The Agreement made the 6th day of May, 2004 by and between the HOUSING AUTHORITY IN AND FOR THE CITY OF ST. LOUIS PARK, with offices at 5005 Minnetonka Blvd, St. Louis Park, MN 55416, (the “Authority”), and CENTER FOR ENERGY AND ENVIRONMENT, with its offices at 212 3rd Avenue North, Suite 560, Minneapolis, Minnesota 55401 (“CEE”) is hereby amended. Section 1. Services/ Scope of Work of the agreement Exhibit A-24 shall be replaced by Exhibit A-25 and Exhibit B-24 shall be replaced by Exhibit B-25 Section 5. Term and Termination of the agreement shall read: 5.1 Unless earlier terminated as provided in the following paragraphs, this Agreement shall become effective on January 1, 2025 and continue through December 31, 2025. All other sections of the contract shall remain as written in the original and amended agreements. IN WITNESS WHEREOF, the parties hereunder set their hands as of the date written below: HOUSING AUTHORITY IN AND FOR THE CITY OF ST. LOUIS PARK CENTER FOR ENERGY AND ENVIRONMENT By ___________________________ By __________________________ Karen, Barton Community Development Director Stephanie Haddad, Chief Operating Officer Date __________________________ Date _________________________ # By___________________________ Thom Miller, Housing Authority Chair 22 St. Louis Park - EXHIBIT A-25 Program Overview Exhibit A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Program Intent CEE will utilize HRA funds to write down the interest rate on the Minnesota Housing Finance Agency (MHFA) Community Fix Up program. The intent of this fund is to encourage residents that currently own a property or are purchasing a property in St. Louis Park to complete significant expansion projects. Complete tear downs are not eligible. This program provides down-payment/closing cost assistance to first-time homebuyers (or have not owned a home in the last 3 years) in purchasing a home in St. Louis Parik. Employees of St Louis Park businesses would be eligible for additional funds to encourage them to live where they work. Interest Rate 3%0%0% Amortization Type Installment deferred deferred Loan Amount $2,000 - $35,000 minimum $8750.00 and maximum $35,000.00 Up to $15,000 (not to exceed 5% of the purchase price). An additional $5,000 for employees of St. Louis Park businesses and/or St. Louis Park renters. An employee must: work at least 20 hrs/wk, business must be physically located in SLP, have been employeed at least 6 mths and not have used this program in the past. Owners of the business or self employed borrowers are not eligible. A renter must have been renting in St. Louis Park for at least 6 months prior to purchase. This can be verified by any of the following: Current Lease, Letter of Affidavit from the Property Owner/Manager that the renter was there for 6 months and verification of 6 months paid rent (for properties with 12+ units) or Verification of paying rent to a family member for at least 6 months, if no Lease. Page 1 of 8 #387523 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Total Project Cost/Match N/A 3 : 1 match by the borrower. Example: total project cost of $40,000, the borrower will be required to provide $30,000 and the City will provide $10,000. Borrower must provide proof of matching funds prior to approval. A minimum of $3,000 must be contributed by or on behalf of the borrower. There is no contribution requirement for veterans. Acceptable contributions include: earnest money, buyer funds brought to closing, seller paid cloasing costs and gifts. A gift letter to document that the source is from a relative. Proceeds can not be from a loan or other debt instrument to meet the minimum contribution. Term Up to 15 years 30 years deferred, 100% of the loan amount is due if the property is no longer owner-occupied, the sale or transfer of property if prior to 30 years. 20 years.100% of the loan is due if the property is sold, transferred or no longer occupied by the borrower within 20 years of loan closing. Loan is 100% forgiven after 20 years if not sold, transferred or becoming non-owner occupied. Eligible Borrowers All borrowers must be a US Citizen or Permanenet Legal Resident of the United States with a Social Security Number Page 2 of 8 #387524 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Rent Restrictions and Requirements In-Eligible Borrowers Eligible Properties 1-2 unit properties, townhomes or condominiums. First mortgage must be a fixed rate and not have a balloon payment. Property must not be in a flood plain. In-Eligible Properties N/A Non Permanent Legal Residents and business entities 1-4 unit owner occupied properties *Non-owner occupied (aka Absentee Owned) *Dwellings with more than 4 units *Cooperatives *Manufactured homes * Properties used for commercial purposes Page 3 of 8 #387525 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Ownership/Occupancy Loan-to-Value 110%120%N/A Income Limits The property owner’s total household income shall not exceed 115% of the HUD Regional Median Income based on household size or the MHFA income limit, whichever is less. Income for eligibility will be determined by the projected income for the next 12 months per MHFA guidelines... This limit adjusts annually. 120% household of 4 for a household of 1 to 4 and then 120% for 5 or more. Income is based on the adjusted gross income from most recent federal tax return. If a tax return is not required to be filed by the borrower(s) than income will be based on projected income. If income has changed from the previous years tax return it may be reviewed on a case by case basis. 100% household of 4 for a household of 1 or 2 and 115% household of 4 for a household of 3 or more. Income is based on the adjusted gross income from most recent federal tax return. If a tax return is not required to be filed by the borrower(s) than income will be based on projected income. If income has changed from the previous years tax return it may be reviewed on a case by case basis. Debt-to-Income Ratio 48%N/A N/A Multiple Loans per Property/Borrower More than one loan per household is allowed, but the total amount borrowed is not to exceed loan maximum of $35,000.00 Only one loan per household is allowed Can only be used one time by borrower(s) Owner occupied only Page 4 of 8 #387526 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Eligible Improvements / Use of funds MHFA Eligible Improvements: most permanent exterior and interior improvements are eligible The sq. footage of the property must be increased. Eligible improvements will be limited to those improvements that are necessary to increase sq. footage. Example: If the roof comes off or an exterior wall goes down to expand or add heated livable (year round) space, then it is eligible. Funds can be used for down-payment or closing costs. The borrower cannot receive any portion of these funds in cash. Ineligible Improvements Work initiated before the loan has been approved and closed, unless due to an emergency. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, play ground equipment; Furniture and non permanent appliances; Funds used for working capital, debt management, or to refinance existing debt. Funds cannot be used to pay for homeowner labor or to purchase equipment needed to complete the project. Complete tear downs are NOT eligible. Work initiated before the loan has been approved and closed. Recreational items including gazebos, pools, hot tubs, saunas, lawn sprinklers, play ground equipment; Furniture and non permanent appliances; Funds used for working capital, debt management, or to refinance existing loans; Personal property items, and repairs to property used for business or trade purposes. Funds cannot be used to rent or purchase equipment needed to complete the project. N/A Page 5 of 8 #387527 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Sweat Equity/Homeowner Labor Permitted Permitted N/A Property Inspection N/A All borrowers are required to have an audit conducted by a utility company or independent approved Home Energy Rating System (HERS) auditor. N/A Post-Install Inspection N/A Prior to the release of loan proceeds, the property is subject to inspection by a CEE inspector or, where a permit is required, work must be signed off by a City inspector. N/A Contractors/ Permits All contractors must be properly licensed. Permits must be obtained where required. All contractors must be properly licensed. Permits must be obtained where required.N/A Bids Only 1 bid is required Only 1 bid is required N/A Work Completion All work must be completed within 9 months from closing All work must be completed within 9 months from closing N/A Underwriting Must meet MHFA and CEE Underwriting criteria. All Bankruptices must have been discharged at least 18 months from loan closing. Must be current on mortgage and property taxes. CEE will approve or deny loans based on a credit report, income verificationand other criteria as outlined. The homebuyer(s) MUST attend a Home Strecth workshop or other valid homebuyers course offered througn an approved counseling agency by the US Department of Housing and Urban Developmnent (HUD) and provide evidence prior to closing. Page 6 of 8 #387528 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Disbursement of Funds Funds are disbursed to the borrower after loan closing. Funds are held by CEE and payment is made to the contractor (or owner in sweat equity situations) upon completion of work. An inspection will be performed by the City and/or CEE to verify satisfactory completion of the work. The following items (and any additional as determined by CEE) must be received prior to final disbursement of funds: 1. Final invoice from contractor (or materials list from supplier) 2. Final inspection verification by CEE (if necessary) 3. Completion certificate(s) signed by borrower and contractor 4. Lien waiver for entire cost of work and 5. Evidence of required city permit, where applicable Funds will be disbursed to the Closing Agent, for the Benefit of the Borrower, in coordination with the purchase closing. Loan Servicing MHFA CRF or CEE CEE SLP Origination Fees N/A $950 $950 Annual Administration Fee Program Set Up Fee (one time)None Borrower/Applicant Fees 1% Origination fee, Document Preparation Fee, credit report, flood, title work, all applicable mortgage filing fees and any other applicable closing cost associated with the loan. 3% Origination Fee. All applicable mortgage filing fees, title work, credit report, flood and any other applicable closing cost associated with the loan. All applicable mortgage filing fees, wire transfer fees, title work, credit report, flood and any other applicable closing cost associated with the loan. $5,000 Page 7 of 8 #387529 St. Louis Park - EXHIBIT A-25 MHFA Interest Subsidy Move Up in the Park Down Payment/Closing Cost Assistance Residential Advisor Visit ("RAV") and Post Installation Inspections (PII) $250 per RAV and $150 per PII Page 8 of 8 #387530 Exhibit B-25 EXHIBIT B-25 First Generation Wealth Building Homeownership Program Program summary Issue: It is recognized that historical and institutional racism has disproportionately created housing challenges and disparities for Black communities, as well as members of communities who did not identify as white, and other underserved low-income communities. Black/African American people and households have historically been prohibited from purchasing and owning a home due to redlining, block busting, racially restrictive covenants and decimation of Black neighborhoods for “public purposes” such as freeways. 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 a mortgage and subsequent on- going housing stability issues. Due to this income gap and other social injustices, many households of color have poor credit or no credit, making it even harder to get a mortgage or to get a mortgage with a favorable interest rate. This program is designed to address these historic injustices and inequities, to facilitate affordable homeownership and to provide a means for wealth-building. What: The city has designed a homeownership program designed to address these historic injustices and inequities, to facilitate affordable homeownership and to provide 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 challenge for Black communities as well as members of communities who do not identify as white, and other low-income communities; and support inclusive and equitable communities. 2. Eligible Borrower: First generation buyer – buyer(s) and parents of buyer(s) cannot have previously owned a home. •Borrower does not currently own a home or has not previously owned a home •Borrower parents and/or legal guardian does not currently own a home, nor have they previously owned a home •Borrower spouse, if applicable, does not currently own a home and has not previously owned a home •Borrower spouse’s parents and/or legal guardian does not currently own a home, nor have they previously owned a home •Borrower(s) must sign the First Generation Homebuyer Affidavit •Must occupy this property as their primary residence. •Must be a US Citizen OR Permanent Legal Resident with a Social Security Number. 31 Exhibit B-25 •The borrower’s maximum household income cannot exceed 80% of the area median income (AMI) based on a family size of four for households of 1-4. Income limits will be increased based on family size for families with more than four members. Income is calculated using paystubs W2’s, if self-employed two years tax returns, and any other documentation needed to verify projected gross income. The income of the following persons must be verified and included when calculating income: o Anyone who will have title to the subject property and signs the Mortgage Deed. o The legal spouse of the mortgagor who will also reside in the subject property. o Multi-generational buyers are allowed. Income used for mortgage eligibility; would also be included to determining income eligibility for SLP program. •No outstanding liens and judgements. •Maximum liquid assets $15,000 following closing on home, does not include retirement assets or noncash assets (i.e. cars, jewelry, vehicles, etc.) Eligible Properties: A single family (including a townhome or condominium) or duplex property located within the city limits of St Louis Park •There is no maximum purchase price. •Owner occupied dwellings only. The homebuyer must homestead and occupy the home within 60 days following the home purchase closing. Loan Terms: •The loan has a zero percent interest rate (0% APR). •There are no monthly payments. •The loan is forgiven at a prorated rate (5% per year) over a twenty-year owner occupancy period. If the homeowner ceases to occupy the home as a primary residence during the twenty-year owner occupancy period, the remaining balance of the loan must be repaid. •The mortgage may be subordinated as part of a refinance of the primary loan. •Borrower must contribute at least $1,000 to down payment or closing costs to purchase home Loan Amount: •The maximum homebuyer deferred loan amount will be based on the household’s income and the purchase price of the home up to the MHFA first time homebuyer purchase price regardless of household size. The maximum deferred loan provided will be as follows: Households of 1-4 will be based on the AMI for a household of 4. o Households with incomes at or below 50% AMI: 25% of the purchase price up to, not to exceed $75,000. o Households with incomes between 51% and 60% AMI: 20% of the purchase price, not to exceed $60,000. o Households with incomes between 61% and 80% AMI: 15% of the purchase price, not to exceed $45,000. 32 Exhibit B-25 •This program may not be layered with Down Payment Assistance Program for First Time Homebuyers from the City of St. Louis Park or with the Minnesota State First Generation Down-Payment Assistance Program. Use of Funds: •Down payment costs and closing costs as needed per the restrictions listed above. Required Homebuyer Financial and Homeownership Counseling and Education: Homebuyers must complete homeownership HomeStretch™ (sponsored by the Minnesota Homeownership Center, 651-659-9336 or www.hocmn.org), Framework® (online homebuyer education available at www.hocmn.org), or the Minneapolis Urban League American Dream Program or another designated program approved by the city. •Financial wellness counseling through a designated service provider approved by the city. Buyers must have attended at least one financial counseling session before loan approval. •Certificates for homeownership education or counseling older than two years will not be accepted. •Must complete training before funds are reserved. •The city will reimburse buyers for any approved educational program costs following the closing. Eligible Primary Financing: •This loan must be a fixed interest rate. Loan Security: •The loan funds will be separately secured by a Promissory Note and Mortgage. •The loan may be secured in a subordinate lien position behind other lender resources. Application and reservation of funds: •Must complete homeownership counseling program before loan approval . •Must have attended at least one financial counseling session before loan approval. •Upon determination of approved eligibility applicant must submit confirmation of preapproval for a first mortgage at which time funds will be reserved. •Funds will be reserved for 90 days and will be extended to accommodate a scheduled closing provided a purchase agreement is in place. •One 60-day extension will be granted if applicant is actively searching for a home. •Another extension will be considered if no other applicants have applied and are waiting for a loan reservation. •If funds are not available due to prior reservations, eligible homebuyers may be placed on a waiting list. A maximum of 10 people will be placed on the waiting list. Applicants will be contacted in the order they are placed on the waiting list. 33 Exhibit B-25 Home energy squad visit •The city will pay for a Home Energy Squad Visit to be completed within the first year following purchase. Disbursement of Funds •Funds will be disbursed to the Closing Agent, for the benefit of the Borrower and in coordination with the purchase loan closing. Borrower Fees •All applicable mortgage filing fees, wire transfer fees, title work, credit report, flood and any other applicable closing costs associated with the loan City Origination Fees •$1,100 per loan closed/executed •One Time Set-Up Fee of $1,000 •Annual Administration Fee shall be included as listed in Exhibit A-25 34 HOUSING AUTHORITY OF ST. LOUIS PARK Agenda Item #6d  St. Louis Park, Minnesota  Meeting Date: December 11, 2024  TITLE: Bring it Home Rental Assistance Program   RECOMMENDED ACTION: Staff is seeking direction from the Board on the Bring it Home Rental  Assistance Program in preparation for the anticipated release of the Minnesota Housing Request for  Proposal (RFP) in January 2025.   POLICY CONSIDERATION: Does the Board have comments or direction regarding the Bring it Home  program?    SUMMARY:    The Minnesota Housing state rental assistance program, known as Bring it Home (BIH), will provide  tenant‐ and project‐based rental assistance for cost‐burdened households earning 50% area median  income (AMI) or less. The program is one of many new programs identified in the Minnesota 2023  Housing Bill. Funds are required to be prioritized for households earning under 30% AMI that include  children. The program is funded by $46 million in state appropriations and a regional sales tax in the  metro area. Grant agreements between Minnesota Housing and voucher administrators will be based  on a need formula.   Assistance will be provided equal to the difference between approximately 30% of adjusted household  income and the rent charged. An allowance for utilities may be added if not included in the rent.  Assistance will be based on 30% of a tenant’s gross income and household can be subsidized up to 120%  of the payment standard. Grant funds can be used for start‐up costs, rental assistance, admin fees and  landlord incentives.  As staff begin to prepare to respond to the RFP, there are a couple of considerations:   Program design  By statute, must prioritize households with children and incomes up to 30% AMI. Can be up to 120% of the current payment standard. Can use existing procedures or alternate procedures by choosing one of three options: o Option 1 ‐ Existing procedures; may follow current Admin Plan o Option 2 ‐ Amended HCV procedures; this option: Will propose using the existing HCV policies and procedures with some alternatives Must reach the goal of reaching households most in need or incentivizing landlords Must be approved by Minnesota Housing SLP staff currently recommend this option due to its administrative efficiency. In addition, Minnesota Housing is considering a checklist for 35 preapproved items such as payment standard up to 120%, inspections and  criminal background checks.    o Option 3: Alternative plans May propose to do something completely different than HCV Funds must be used for rent assistance, admin fees and/or landlord incentives Additional requirements apply Project based vouchers (PBV)  May use a portion or all of the funds for PBV Not required to follow HUD’s PBV requirements Must be used under Option 2 or Option 3 Minnesota Housing must approve Option 2 or Option 3 Policy considerations for board discussion:  Are there additional preferences the board would like to consider? The HCV program provides preferences for residency, veterans and near elderly, elderly and disabled. Should the payment standard be the same as the HCV payment standard or does the board want staff to explore increasing the payment standard for the BIH program? Does the board support the eliminating inspections for the BIH program? The Kids in the Park program does not require inspections because of the city’s robust rental license program that requires inspections of rental properties. There is no limit in the BIH program on how many vouchers can be project‐based. Staff recommend including the ability to project base up to 50% of the BIH vouchers. NEXT STEPS   Staff will wait for the guidebook to be approved and released by MN Housing. Once the RFP is released,  staff will put together a proposal for board approval.   Estimated timeline from MN Housing  December 18th Program guide to MN Housing Board  January Release request for proposal  March Applications due  May Grant selections to the MN Housing Board  June Enter into contracts with program administrators  Prepared by:  Nicole Randall, housing assistance administrator   Reviewed by: Marney Olson, housing supervisor  36 Agenda Item #7a. 12/5/2024 Check# Bank - Vendor - Date Payable # Property Amount Account Oi Mattison - Compliance Seminar 12/5/24 P-2118 scatter -370.25 414000000 - Staff Training Total 31027 (genfund) - US Housing Consultants LLC (v0001486) - 11/12/-370.25 3365 Alabama - 9/26/24-10/14/24 P-2927 scatter 18.34 433000000 - Gas Total 31044 (genfund) - Centerpoint Energy (v0000285) - 11/14/24 (11/ 18.34 Consulting Services - 10/1/24-10/15/24 P-2928 hamilton 1,518.75 419022000 - Other Misc Admin Expenses Consulting Services - 10/1/24-10/15/24 P-2928 hcv 1,518.75 419022000 - Other Misc Admin Expenses Consulting Services - 10/16/24-10/31/24 P-2929 hamilton 2,062.50 419022000 - Other Misc Admin Expenses Consulting Services - 10/16/24-10/31/24 P-2929 hcv 2,175.00 419022000 - Other Misc Admin Expenses Consulting Services - 10/16/24-10/31/24 P-2929 stablehm 112.50 419022000 - Other Misc Admin Expenses Total 31045 (genfund) - Dashboard Solution LLC (v0000377) - 11/14/24 (7,387.50 Acctg Services - month ending 9/30/247 P-2932 hamilton 982.50 417000000 - Accounting Fees Acctg Services - month ending 9/30/247 P-2932 hcv 867.50 417000000 - Accounting Fees Acctg Services - month ending 9/30/247 P-2932 stablehm 190.00 417000000 - Accounting Fees Acctg Services - month ending 9/30/247 P-2932 cocc 200.00 417000000 - Accounting Fees Acctg Services - month ending 9/30/247 P-2932 kidspark 190.00 417000000 - Accounting Fees Total 31046 (genfund) - Hawkins Ash Cpa'S (v0000597) - 11/14/24 (11/2 2,430.00 6707 Eliot View - vanity P-2933 scatter 119.99 442001000 - Maintenance Materials Total 31047 (genfund) - Menards (v0000873) - 11/14/24 (11/24) 119.99 HH - 2 elevator Annual Oper P-2935 hamilton 200.00 443017000 - Contract-Elevator Monitoring Total 31048 (genfund) - Mn Dept Labor & Industry (v0000938) - 11/14/2 200.00 HH #314 - replace lav faucet P-2936 hamilton 226.42 443011000 - Contract-Plumbing 6707 Eliot View - install vanity P-2937 scatter 565.06 443011000 - Contract-Plumbing Total 31049 (genfund) - Muska Plumbing LLC (v0000979) - 11/14/24 (11 791.48 HH - Maintenance Service Nov 2024 P-2938 hamilton 278.00 443017000 - Contract-Elevator Monitoring Total 31050 (genfund) - Platinum Standard Elevator LLC (v0001095) - 11/278.00 FSS Management Oct 2024 P-2939 fssgrant 5,244.75 423000000 - Tenant Services Contract Costs Total 31051 (genfund) - STEP (v0001366) - 11/14/24 (11/24) 5,244.75 HH - thermostat P-2940 hamilton 54.82 442001000 - Maintenance Materials 2737 Florida - bimetl-def part P-2941 scatter 17.85 442001000 - Maintenance Materials HH - hose P-2942 hamilton 4.31 442001000 - Maintenance Materials Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks 31027 (genfund) - US Housing Consultants LLC (v0001486) - 11/12/24 (11/24) (Voider) 31044 (genfund) - Centerpoint Energy (v0000285) - 11/14/24 (11/24) 31045 (genfund) - Dashboard Solution LLC (v0000377) - 11/14/24 (11/24) 31046 (genfund) - Hawkins Ash Cpa'S (v0000597) - 11/14/24 (11/24) 31047 (genfund) - Menards (v0000873) - 11/14/24 (11/24) 31048 (genfund) - Mn Dept Labor & Industry (v0000938) - 11/14/24 (11/24) 31049 (genfund) - Muska Plumbing LLC (v0000979) - 11/14/24 (11/24) 31050 (genfund) - Platinum Standard Elevator LLC (v0001095) - 11/14/24 (11/24) 31051 (genfund) - STEP (v0001366) - 11/14/24 (11/24) 31052 (genfund) - Sundberg America LLC (v0001391) - 11/14/24 (11/24) Page 1 of 7 37 12/5/2024 4:34 PM Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks Total 31052 (genfund) - Sundberg America LLC (v0001391) - 11/14/24 (1 76.98 Oi Mattison - Compliance Seminar 12/5/24 P-2118 scatter 370.25 414000000 - Staff Training Total 31053 (genfund) - US Housing Consultants LLC (v0001486) - 11/14/370.25 HH - Admin Allocation & Ser Coor Serv 10/24 P-2943 rosssvc 6,000.00 421002000 - Project Coordinator HH - Admin Allocation & Ser Coor Serv 10/24 P-2943 rosssvc 620.83 419022000 - Other Misc Admin Expenses Total 31054 (genfund) - Vail Place (v0001489) - 11/14/24 (11/24) 6,620.83 9015 Club Rd - replaced inducer motor P-2945 scatter 873.00 443013000 - Contract-HVAC Total 31055 (genfund) - Wenzel Heat & Air Condition, Inc (v0001551) - 11 873.00 9015 Club - billing 10/1/24-10/29/24 P-2946 scatter 26.32 432000000 - Electricity Total 31056 (genfund) - Xcel Energy (v0001585) - 11/14/24 (11/24) 26.32 HH - Services for Oct 2024 P-2934 hamilton 2,600.00 443099000 - Contract Costs-Other Total 31057 (genfund) - MKC, Inc. (v0001615) - 11/14/24 (11/24) 2,600.00 9015 Club - remove & install carpeting P-2944 scatter 5,889.35 443019000 - Unit Turnaround Contract Cost Total 31058 (genfund) - Value Plus Flooring, Inc. (v0001617) - 11/14/24 5,889.35 HH - fasica, facade & lintel Sep 2024 P-2947 cfp2023 10,204.12 140010000 - Site Improvement HH - fasica, facade & lintel Sep 2024 P-2947 cfp2024 109,353.38 140010000 - Site Improvement Total 31059 (genfund) - Frerichs Construction Company (v0001621) - 11/119,557.50 HH - material, labor & permits P-2924 hamilton 17,604.92 443099000 - Contract Costs-Other HH - material, labor & permits P-2925 hamilton 9,479.58 443099000 - Contract Costs-Other HH - material, labor & permits P-2926 hamilton 1,955.50 443099000 - Contract Costs-Other Total 31060 (genfund) - Brothers Fire & Security (v0001626) - 11/14/24 (29,040.00 3017 Oregon - repair sidewalks P-2930 scatter 950.00 443099000 - Contract Costs-Other Total 31061 (genfund) - Expert Concrete Raising (v0001630) - 11/14/24 950.00 HH # (BB) (no BB) P-2977 hamilton 149.00 443007000 - Contract-Pest Control Total 31062 (genfund) - Adam's Pest Control, Inc. (v0000030) - 11/21/24 149.00 HH #318 & storage - install & remove 2 ranges P-2978 hamilton 1,466.96 442001000 - Maintenance Materials Total 31063 (genfund) - All, Inc. (v0000065) - 11/21/24 (11/24) 1,466.96 31053 (genfund) - US Housing Consultants LLC (v0001486) - 11/14/24 (11/24) 31054 (genfund) - Vail Place (v0001489) - 11/14/24 (11/24) 31055 (genfund) - Wenzel Heat & Air Condition, Inc (v0001551) - 11/14/24 (11/24) 31056 (genfund) - Xcel Energy (v0001585) - 11/14/24 (11/24) 31057 (genfund) - MKC, Inc. (v0001615) - 11/14/24 (11/24) 31058 (genfund) - Value Plus Flooring, Inc. (v0001617) - 11/14/24 (11/24) 31059 (genfund) - Frerichs Construction Company (v0001621) - 11/14/24 (11/24) 31060 (genfund) - Brothers Fire & Security (v0001626) - 11/14/24 (11/24) 31061 (genfund) - Expert Concrete Raising (v0001630) - 11/14/24 (11/24) 31062 (genfund) - Adam's Pest Control, Inc. (v0000030) - 11/21/24 (11/24) 31063 (genfund) - All, Inc. (v0000065) - 11/21/24 (11/24) Page 2 of 7 38 12/5/2024 4:34 PM Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks 3141 Louisiana - duct/dryer vent cleaning P-2979 scatter 275.00 443099000 - Contract Costs-Other Total 31064 (genfund) - Brothers Services (v0000229) - 11/21/24 (11/24 275.00 HH #127 - grease in common line P-2980 hamilton 140.00 443011000 - Contract-Plumbing Total 31065 (genfund) - Jeff'S SOS Drain & Sewer Ser., Inc. (v0000693) - 140.00 3330 Aquila - leaking toilet P-2982 scatter 268.67 443011000 - Contract-Plumbing 3170 Sumter - leaking toilet, repair faucet P-2983 scatter 244.61 443011000 - Contract-Plumbing Total 31066 (genfund) - Muska Plumbing LLC (v0000979) - 11/21/24 (11 513.28 6429 Franklin - oven part P-2987 scatter 126.18 442001000 - Maintenance Materials HH - motor P-2988 hamilton 98.46 442001000 - Maintenance Materials Total 31067 (genfund) - Sundberg America LLC (v0001391) - 11/21/24 (1 224.64 consultant training/travel P-2993 hamilton 3,798.49 419012000 - Software consultant training/travel P-2993 hcv 3,798.49 419012000 - Software on-site consultant travel P-2994 hamilton 1,163.67 419012000 - Software on-site consultant travel P-2994 hcv 1,163.67 419012000 - Software Total 31068 (genfund) - Yardi Systems, Inc. (v0001591) - 11/21/24 (11/2 9,924.32 2025 Rental License - HH P-2989 hamilton 3,700.00 121100000 - Prepaid Expenses and Other Assets 2025 Rental License - 37 SS P-2989 scatter 555.00 121100000 - Prepaid Expenses and Other Assets Computer - Nov 24 P-2990 hamilton 615.15 419022000 - Other Misc Admin Expenses Computer - Nov 24 P-2990 hcv 343.43 419022000 - Other Misc Admin Expenses Rent - 11/24 P-2991 hamilton 625.00 418000000 - Office Rent Rent - 11/24 P-2991 hcv 625.00 418000000 - Office Rent Phone & Ipad lines - Nov 2024 P-2992 hamilton 267.80 419007000 - Telephone Phone & Ipad lines - Nov 2024 P-2992 hcv 80.02 419007000 - Telephone Total 31069 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11 6,811.40 HH - fire extinguisher inspection P-2984 hamilton 508.20 443099000 - Contract Costs-Other HH - sprinkler inspection P-2985 hamilton 886.00 443099000 - Contract Costs-Other HH - inspection of alarm system P-2986 hamilton 1,432.00 443099000 - Contract Costs-Other Total 31070 (genfund) - Summit Fire Protection (v0001634) - 11/21/24 ( 2,826.20 :URP 11/24 6400062038-1-1 P-2129 scatter 164.00 471501000 - Tenant Utility Payments-Voucher :URP 11/24 006403010744-1 ,P-2132 scatter 202.00 471501000 - Tenant Utility Payments-Voucher Total 31072 (genfund) - Centerpoint Energy Minnegasco (v0000288) - 11/366.00 :URP 11/24 51-00107999792-1 P-2128 scatter 67.00 471501000 - Tenant Utility Payments-Voucher :URP 11/24 51-0013967608-8 P-2130 scatter 164.00 471501000 - Tenant Utility Payments-Voucher 31064 (genfund) - Brothers Services (v0000229) - 11/21/24 (11/24) 31065 (genfund) - Jeff'S SOS Drain & Sewer Ser., Inc. (v0000693) - 11/21/24 (11/24) 31066 (genfund) - Muska Plumbing LLC (v0000979) - 11/21/24 (11/24) 31067 (genfund) - Sundberg America LLC (v0001391) - 11/21/24 (11/24) 31068 (genfund) - Yardi Systems, Inc. (v0001591) - 11/21/24 (11/24) 31069 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 31070 (genfund) - Summit Fire Protection (v0001634) - 11/21/24 (11/24) 31072 (genfund) - Centerpoint Energy Minnegasco (v0000288) - 11/26/24 (11/24) 31073 (genfund) - Xcel Energy (v0001586) - 11/26/24 (11/24) Page 3 of 7 39 12/5/2024 4:34 PM Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks :URP 11/24 51-4179198-8 P-2131 scatter 202.00 471501000 - Tenant Utility Payments-Voucher Total 31073 (genfund) - Xcel Energy (v0001586) - 11/26/24 (11/24)433.00 HH # Bed Bud Conventional Service P-3001 hamilton 789.00 443007000 - Contract-Pest Control Total 31074 (genfund) - Adam's Pest Control, Inc. (v0000030) - 11/27/24 789.00 3170 Sumter - emergency flood serv repair & waste reP-3002 scatter 3,788.50 443099000 - Contract Costs-Other Total 31075 (genfund) - Brothers Services (v0000229) - 11/27/24 (11/24 3,788.50 Cleaning - Dec 2024 P-3003 hamilton 2,500.00 443010000 - Contract-Janitorial/Cleaning Total 31076 (genfund) - CMT Janitorial Services (v0000311) - 11/27/24 ( 2,500.00 Consulting Servces 11/01/24-11/15/24 P-3004 hamilton 1,350.00 419022000 - Other Misc Admin Expenses Consulting Servces 11/01/24-11/15/24 P-3004 hcv 1,350.00 419022000 - Other Misc Admin Expenses Total 31077 (genfund) - Dashboard Solution LLC (v0000377) - 11/27/24 (2,700.00 2011 Ford COF Renewal Tabs 2025 P-3005 cocc 75.75 121100000 - Prepaid Expenses and Other Assets Total 31078 (genfund) - DVS Renewal (v0000419) - 11/27/24 (11/24) (V 75.75 HH - yard clean-up P-3006 hamilton 1,200.00 443009000 - Contract-Grounds Total 31079 (genfund) - Eide (v0000431) - 11/27/24 (11/24) 1,200.00 3141 Louisiana - turnover medicine cabinet P-3007 scatter 84.99 443019000 - Unit Turnaround Contract Cost Total 31080 (genfund) - Menards (v0000873) - 11/27/24 (11/24) 84.99 3141 Louisian - grind stump P-3008 scatter 700.00 443009000 - Contract-Grounds 9015 Club - grind stump P-3008 scatter 400.00 443009000 - Contract-Grounds HH - remove 2 trees & grind 1 stump P-3009 hamilton 1,700.00 443009000 - Contract-Grounds Total 31081 (genfund) - New Horizon Tree Service (v0001002) - 11/27/24 2,800.00 3141 Lousiana - turnover install range hood P-3010 scatter 475.00 443019000 - Unit Turnaround Contract Cost HH - started boilers & replaced filters P-3011 hamilton 1,461.20 443013000 - Contract-HVAC HH - furnace & boiler tuneups, re-certifications P-3012 hamilton 7,283.00 443013000 - Contract-HVAC Total 31082 (genfund) - Wenzel Heat & Air Condition, Inc (v0001551) - 11 9,219.20 travel P-3013 hamilton 958.43 419012000 - Software travel P-3013 hcv 958.43 419012000 - Software Total 31083 (genfund) - Yardi Systems, Inc. (v0001591) - 11/27/24 (11/2 1,916.86 31074 (genfund) - Adam's Pest Control, Inc. (v0000030) - 11/27/24 (11/24) 31075 (genfund) - Brothers Services (v0000229) - 11/27/24 (11/24) 31076 (genfund) - CMT Janitorial Services (v0000311) - 11/27/24 (11/24) 31077 (genfund) - Dashboard Solution LLC (v0000377) - 11/27/24 (11/24) 31078 (genfund) - DVS Renewal (v0000419) - 11/27/24 (11/24) (Voided) 31079 (genfund) - Eide (v0000431) - 11/27/24 (11/24) 31080 (genfund) - Menards (v0000873) - 11/27/24 (11/24) 31081 (genfund) - New Horizon Tree Service (v0001002) - 11/27/24 (11/24) 31082 (genfund) - Wenzel Heat & Air Condition, Inc (v0001551) - 11/27/24 (11/24) 31083 (genfund) - Yardi Systems, Inc. (v0001591) - 11/27/24 (11/24) 31084 (genfund) - MRI Software (v0001616) - 11/27/24 (11/24) Page 4 of 7 40 12/5/2024 4:34 PM Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks SS - application reports P-2981 scatter 62.00 419022000 - Other Misc Admin Expenses Total 31084 (genfund) - MRI Software (v0001616) - 11/27/24 (11/24)62.00 2400 Hamiton water P-2960 hamilton 3,965.66 431000000 - Water 2400 Hamilton sewer P-2960 hamilton 8,441.27 439000000 - Sewer Total 2400006 (genfund) - City of St. Louis Park (v0001618) - 11/26/24 (12,406.93 HH - Garbage/Trash P-3726 hamilton 2,370.09 434000000 - Garbage/Trash Removal Total 2400007 (genfund) - Aspen Waste Systems (v0000126) - 11/20/24 2,370.09 HH Gas Service - 11/25/24-11/26/24 P-3730 hamilton 1,068.97 433000000 - Gas Total 2400008 (genfund) - Centerpoint Energy (v0000285) - 11/30/24 (1 1,068.97 HH Elec Service - 09/25/24-10/24/24 P-3728 hamilton 5,492.06 432000000 - Electricity Total 2400009 (genfund) - Xcel Energy (v0001585) - 11/30/24 (11/24) 5,492.06 1420 Maryland water P-3731 scatter 112.07 431000000 - Water 1420 Maryland sewer P-3731 scatter 125.01 439000000 - Sewer 1420 Maryland solid waste P-3731 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400010 (genfund) - City of St. Louis Park (v0001618) - 11/30/24 (448.61 Business Cable - 11/24 P-3729 hamilton 99.86 419022000 - Other Misc Admin Expenses Total 2400011 (genfund) - Comcast (v0001635) - 11/30/24 (11/24) 99.86 HH - billing 11/24 P-3727 hamilton 271.35 419022000 - Other Misc Admin Expenses Total 2400012 (genfund) - Lumen - Century Link (v0001641) - 11/30/24 271.35 1642 Dakota water P-3747 scatter 135.80 431000000 - Water 1642 Dakota sewer P-3747 scatter 185.58 439000000 - Sewer 1642 Dakota solid waste P-3747 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400013 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (532.91 1680 Kilmer water P-3748 scatter 176.48 431000000 - Water 1680 Kilmer sewer P-3748 scatter 185.58 439000000 - Sewer 1680 Kilmer solid waste P-3748 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400014 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (573.59 1832 Parker water P-3749 scatter 166.31 431000000 - Water 1832 Parker sewer P-3749 scatter 158.76 439000000 - Sewer 1832 Parker solid waste P-3749 scatter 211.53 434000000 - Garbage/Trash Removal 2400006 (genfund) - City of St. Louis Park (v0001618) - 11/26/24 (11/24) 2400007 (genfund) - Aspen Waste Systems (v0000126) - 11/20/24 (11/24) 2400008 (genfund) - Centerpoint Energy (v0000285) - 11/30/24 (11/24) 2400009 (genfund) - Xcel Energy (v0001585) - 11/30/24 (11/24) 2400010 (genfund) - City of St. Louis Park (v0001618) - 11/30/24 (11/24) 2400011 (genfund) - Comcast (v0001635) - 11/30/24 (11/24) 2400012 (genfund) - Lumen - Century Link (v0001641) - 11/30/24 (11/24) 2400013 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400014 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400015 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) Page 5 of 7 41 12/5/2024 4:34 PM Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks Total 2400015 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (536.60 1841 Jersey water P-3750 scatter 105.29 431000000 - Water 1841 Jersey sewer P-3750 scatter 158.76 439000000 - Sewer 1841 Jersey solid waste P-3750 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400016 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (475.58 2531 Xylon water P-3751 scatter 95.12 431000000 - Water 2531 Xylon sewer P-3751 scatter 133.95 439000000 - Sewer 2531 Xylon solid waste P-3751 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400017 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (440.60 2601 Jersey water P-3752 scatter 105.29 431000000 - Water 2601 Jersey sewer P-3752 scatter 147.36 439000000 - Sewer 2601 Jersey solid waste P-3752 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400018 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (464.18 2700 Colorado water P-3753 scatter 247.67 431000000 - Water 2700 Colorado sewer P-3753 scatter 317.22 439000000 - Sewer 2700 Colorado solid waste P-3753 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400019 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (776.42 2737 Florida water P-3754 scatter 108.68 431000000 - Water 2737 Florida sewer P-3754 scatter 160.77 439000000 - Sewer 2737 Florida solid waste P-3754 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400020 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (480.98 2738 Jersey water P-3755 scatter 83.84 431000000 - Water 2738 Jersey sewer P-3755 scatter 98.19 439000000 - Sewer 2738 Jersey solid waste P-3755 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400021 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (393.56 2914 Colorado waster P-3756 scatter 183.26 431000000 - Water 2914 Colorado sewer P-3756 scatter 241.23 439000000 - Sewer 2914 Colorado solid waste P-3756 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400022 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (636.02 6429 Franklin water P-3757 scatter 284.96 431000000 - Water 6429 Franklin sewer P-3757 scatter 395.67 439000000 - Sewer 6429 Franklin solid waste P-3757 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400023 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (892.16 2400016 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400017 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400018 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400019 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400020 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400021 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400022 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400023 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) Page 6 of 7 42 12/5/2024 4:34 PM Payment Detail Bank=genfund AND mm/yy=11/2024-11/2024 AND Check Date=11/01/2024-11/30/2024 AND All Checks=Yes AND Include Voids=All Checks 6707 Eliot water P-3758 scatter 112.07 431000000 - Water 6707 Eliot sewer P-3758 scatter 160.77 439000000 - Sewer 6707 Eliot solid waste P-3758 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400024 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (484.37 7101 23rd water P-3759 scatter 112.07 431000000 - Water 7101 23rd sewer P-3759 scatter 156.30 439000000 - Sewer 7101 23rd solid waste P-3759 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400025 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (479.90 8516 25th water P-3760 scatter 190.04 431000000 - Water 8516 25th sewer P-3760 scatter 165.24 439000000 - Sewer 8516 25th solid waste P-3760 scatter 160.04 434000000 - Garbage/Trash Removal Total 2400026 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (515.32 9015 Club water P-3761 scatter 68.55 431000000 - Water 9015 Club sewer P-3761 scatter 98.19 439000000 - Sewer 9015 Club solid waste P-3761 scatter 211.53 434000000 - Garbage/Trash Removal Total 2400027 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (378.27 260,588.47 2400027 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400024 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400025 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) 2400026 (genfund) - City of St. Louis Park (v0001618) - 11/21/24 (11/24) Page 7 of 7 43 44 Agenda Item #7b 12/6/2024 Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3120-00-000 Other Tenant Income 3121-01-000 Tenant Payment Agreement (TPA) Frau 5,885.75 5,885.75 3129-00-000 Total Other Tenant Income 5,885.75 5,885.75 3199-00-000 TOTAL TENANT INCOME 5,885.75 5,885.75 3400-00-000 GRANT INCOME 3410-01-000 Section 8 HAP Earned 359,826.00 2,682,099.00 3410-02-000 Section 8 Admin. Fee Income 47,612.00 300,895.00 3410-04-000 Port-In Admin Fees Earned 518.70 6,265.05 3410-06-000 Port In HAP Earned 7,326.00 82,308.00 3499-00-000 TOTAL GRANT INCOME 415,282.70 3,071,567.05 3600-00-000 OTHER INCOME 3610-00-000 Investment Income - Unrestricted 271.05 2,104.35 3640-00-000 Fraud Recovery 0.00 8,957.01 3699-00-000 TOTAL OTHER INCOME 271.05 11,061.36 3999-00-000 TOTAL INCOME 421,439.50 3,088,514.16 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 9,742.80 96,869.53 4110-04-000 Employee Benefit Contribution-Admin 3,366.49 34,637.44 4110-99-000 Total Administrative Salaries 13,109.29 131,506.97 4130-00-000 Legal Expense 4130-04-000 General Legal Expense 0.00 540.00 4131-00-000 Total Legal Expense 0.00 540.00 4139-00-000 Other Admin Expenses 4140-00-000 Staff Training 950.00 7,865.34 4170-00-000 Accounting Fees 817.50 4,537.50 4171-00-000 Auditing Fees 2,400.00 15,839.00 4172-00-000 Port Out Admin Fee Paid 1,707.03 1,707.03 4180-00-000 Office Rent 0.00 3,170.00 4189-00-000 Total Other Admin Expenses 5,874.53 33,118.87 4190-00-000 Miscellaneous Admin Expenses 4190-02-000 Publications 0.00 0.01 4190-07-000 Telephone 0.00 543.48 HCV not including MS5 (.hcv-fin) Income Statement Period = Aug 2024 Book = Accrual 1 45 12/6/2024 1:32 PM Period to Date Year to Date HCV not including MS5 (.hcv-fin) Income Statement Period = Aug 2024 Book = Accrual 4190-12-000 Software 0.00 56,895.88 4190-20-000 Bank Fees 0.00 0.01 4190-21-000 Sponsorships 0.00 0.01 4190-22-000 Other Misc Admin Expenses 11,290.40 14,059.62 4191-00-000 Total Miscellaneous Admin Expenses 24,399.69 203,005.98 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 30,274.22 236,664.85 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4500-00-000 GENERAL EXPENSES 4585-00-000 Port-In HAP Expense 0.00 74,982.00 4590-00-000 Other General Expense 0.00 61,908.81 4599-00-000 TOTAL GENERAL EXPENSES 0.00 136,890.81 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 279,282.00 1,365,724.00 4715-01-000 Tenant Utility Payments-Voucher 781.00 781.00 4715-02-000 Port Out HAP Payments 24,203.00 569,585.00 4715-06-000 FSS Escrow Payments 3,126.00 26,050.00 4715-07-000 Family Unification 0.00 186,780.00 4715-08-000 Tenant Protection 0.00 144,766.00 4715-09-000 VASH 0.00 75,002.00 4715-10-000 Foster Youth 0.00 142,387.00 4715-11-000 Project Based 0.00 215,781.00 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 307,392.00 2,726,856.00 8000-00-000 TOTAL EXPENSES 337,666.22 3,100,411.66 9000-00-000 NET INCOME 83,773.28 -11,897.50 2 46 12/6/2024 1:33 PM Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3101-00-000 Rental Income 3111-00-000 Tenant Rent 59,637.73 637,462.54 3112-04-000 Utility Reimbursement Recovery -PHA 0.00 -164.00 3119-00-000 Total Rental Income 59,637.73 637,298.54 3120-00-000 Other Tenant Income 3120-01-000 Laundry and Vending 352.80 3,117.31 3120-02-000 Cleaning Fee 0.00 4,249.02 3120-06-000 NSF Charges 0.00 30.00 3120-09-000 Other Income - Laundry 0.00 168.75 3121-00-000 Tenant Payment Agreement (TPA) Rent 118.00 118.00 3121-01-000 Tenant Payment Agreement (TPA) Fraud 2,184.00 2,184.00 3121-02-000 Tenant Payment Agreement (TPA) Other 250.00 250.00 3129-00-000 Total Other Tenant Income 2,904.80 10,117.08 3199-00-000 TOTAL TENANT INCOME 62,542.53 647,415.62 3400-00-000 GRANT INCOME 3401-00-000 HUD PHA Operating Grants/Subsidy 41,067.00 283,597.00 3420-00-000 Capital Fund Grants 0.00 380,594.98 3499-00-000 TOTAL GRANT INCOME 41,067.00 664,191.98 3600-00-000 OTHER INCOME 3610-00-000 Investment Income - Unrestricted 1,418.30 10,741.64 3650-00-000 Miscellaneous Other Income 1,500.00 1,500.00 3699-00-000 TOTAL OTHER INCOME 2,918.30 12,241.64 3999-00-000 TOTAL INCOME 106,527.83 1,323,849.24 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 20,012.73 186,983.23 4110-04-000 Employee Benefit Contribution-Admin 6,172.97 57,940.18 4110-99-000 Total Administrative Salaries 26,185.70 244,923.41 4130-00-000 Legal Expense 4130-04-000 General Legal Expense 0.00 985.85 4131-00-000 Total Legal Expense 0.00 985.85 Low Income Public Housing (.ph) Income Statement Period = Aug 2024 Book = Accrual ; Tree = ysi_is 3 47 12/6/2024 1:33 PM Period to Date Year to Date Low Income Public Housing (.ph) Income Statement Period = Aug 2024 Book = Accrual ; Tree = ysi_is 4139-00-000 Other Admin Expenses 4140-00-000 Staff Training 475.00 4,784.50 4170-00-000 Accounting Fees 1,227.50 6,327.50 4171-00-000 Auditing Fees 1,600.00 10,539.00 4180-00-000 Office Rent 0.00 4,330.00 4189-00-000 Total Other Admin Expenses 3,302.50 25,981.00 4190-00-000 Miscellaneous Admin Expenses 4190-04-000 Office Supplies 0.00 -0.01 4190-07-000 Telephone 362.83 7,180.04 4190-12-000 Software 0.00 25,736.25 4190-20-000 Bank Fees 177.90 177.90 4190-22-000 Other Misc Admin Expenses 6,019.09 15,021.17 4191-00-000 Total Miscellaneous Admin Expenses 6,559.82 48,115.35 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 36,048.02 320,005.61 4300-00-000 UTILITY EXPENSES 4310-00-000 Water 5,917.51 24,792.35 4320-00-000 Electricity 7,478.29 42,206.84 4330-00-000 Gas 628.24 21,733.21 4340-00-000 Garbage/Trash Removal 8,368.31 28,367.65 4390-00-000 Sewer 10,923.08 41,959.06 4399-00-000 TOTAL UTILITY EXPENSES 33,315.43 159,059.11 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4400-99-000 General Maint Expense 4410-00-000 Maintenance Salaries 13,030.98 109,754.99 4410-05-000 Employee Benefit Contribution-Maint.4,920.02 40,619.18 4419-00-000 Total General Maint Expense 17,951.00 150,374.17 4420-00-000 Materials 4420-01-000 Maintenance Materials 4,755.32 24,025.01 4429-00-000 Total Materials 4,755.32 24,025.01 4430-00-000 Contract Costs 4430-06-000 Contract-Electrical 1,273.05 6,919.94 4430-07-000 Contract-Pest Control 2,290.96 8,351.38 4430-09-000 Contract-Grounds 24,810.00 71,470.00 4430-10-000 Contract-Janitorial/Cleaning 5,350.00 20,350.00 4430-11-000 Contract-Plumbing 6,512.93 19,347.22 4430-13-000 Contract-HVAC 475.00 6,719.00 4430-17-000 Contract-Elevator Monitoring 2,063.00 3,453.00 4430-18-000 Contract-Snow Removal Contract Cost 0.00 2,450.00 4430-19-000 Unit Turnaround Contract Cost 3,281.45 27,181.84 4430-99-000 Contract Costs-Other 4,705.43 61,508.37 4 48 12/6/2024 1:33 PM Period to Date Year to Date Low Income Public Housing (.ph) Income Statement Period = Aug 2024 Book = Accrual ; Tree = ysi_is 4439-00-000 Total Contract Costs 50,761.82 227,750.75 4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 73,468.14 402,149.93 4500-00-000 GENERAL EXPENSES 4510-00-000 Insurance 271.49 2,227.92 4510-10-000 Property Insurance 3,423.13 28,425.10 4510-20-000 Liability Insurance 277.09 2,216.72 4520-00-000 Payments in Lieu of Taxes 0.00 22,513.51 4570-00-000 Bad Debt-Tenant Rents 17,005.99 44,282.46 4590-00-000 Other General Expense 8,432.03 16,010.61 4599-00-000 TOTAL GENERAL EXPENSES 29,409.73 115,676.32 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-06-000 FSS Escrow Payments 914.03 12,472.03 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 914.03 12,472.03 5000-00-000 NON-OPERATING ITEMS 5100-01-000 Depreciation -Buildings 0.00 178,724.91 5999-00-000 TOTAL NON-OPERATING ITEMS 0.00 178,724.91 8000-00-000 TOTAL EXPENSES 173,155.35 1,188,087.91 9000-00-000 NET INCOME -66,627.52 135,761.33 Depreciation 178,724.91 Less CFP revenue 380,594.98 Net income -66,108.74 5 49 12/6/2024 1:33 PM Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3101-00-000 Rental Income 3111-00-000 Tenant Rent 1,159.00 1,159.00 3119-00-000 Total Rental Income 1,159.00 1,159.00 3120-00-000 Other Tenant Income 3121-01-000 Tenant Payment Agreement (TPA) Fraud 3,426.50 3,426.50 3129-00-000 Total Other Tenant Income 3,426.50 3,426.50 3199-00-000 TOTAL TENANT INCOME 4,585.50 4,585.50 3400-00-000 GRANT INCOME 3422-00-000 Hennepin County Rev 39,699.00 308,535.50 3423-00-000 Hennepin County Admin Rev 4,173.39 29,960.58 3499-00-000 TOTAL GRANT INCOME 43,872.39 338,496.08 3999-00-000 TOTAL INCOME 48,457.89 343,081.58 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 1,702.17 18,404.28 4110-04-000 Employee Benefit Contribution-Admin 601.25 6,540.72 4110-99-000 Total Administrative Salaries 2,303.42 24,945.00 4139-00-000 Other Admin Expenses 4170-00-000 Accounting Fees 230.00 1,125.00 4189-00-000 Total Other Admin Expenses 230.00 1,125.00 4190-00-000 Miscellaneous Admin Expenses 4190-22-000 Other Misc Admin Expenses 1,337.45 3,952.45 4191-00-000 Total Miscellaneous Admin Expenses 1,337.45 3,952.45 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 3,870.87 30,022.45 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 42,484.00 311,320.50 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 42,484.00 311,320.50 8000-00-000 TOTAL EXPENSES 46,354.87 341,342.95 9000-00-000 NET INCOME 2,103.02 1,738.63 Stable Home (stablehm) Income Statement Period = Aug 2024 Book = Accrual ; Tree = ysi_is 6 50 12/6/2024 3:06 PM Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3101-00-000 Rental Income 3112-00-000 50059 HAP Subsidy 15,146.00 137,348.00 3112-01-000 Tenant Based Subsidy -10,350.00 0.00 3112-02-000 Rental Assistance -8,280.00 0.00 3119-00-000 Total Rental Income -3,484.00 137,348.00 3199-00-000 TOTAL TENANT INCOME -3,484.00 137,348.00 3400-00-000 GRANT INCOME 3425-00-000 Admin Fee Revenue 11,600.00 11,600.00 3426-00-000 Admin Fee Revenue- to STEP 9,280.00 9,280.00 3499-00-000 TOTAL GRANT INCOME 20,880.00 20,880.00 3999-00-000 TOTAL INCOME 17,396.00 158,228.00 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 669.56 7,073.30 4110-04-000 Employee Benefit Contribution-Admin 241.43 2,529.04 4110-99-000 Total Administrative Salaries 910.99 9,602.34 4139-00-000 Other Admin Expenses 4170-00-000 Accounting Fees 230.00 1,125.00 4189-00-000 Total Other Admin Expenses 230.00 1,125.00 4190-00-000 Miscellaneous Admin Expenses 4190-22-000 Other Misc Admin Expenses 550.11 2,295.11 4190-23-000 Sundry Exp - STEP 0.00 6,840.00 4191-00-000 Total Miscellaneous Admin Expenses 550.11 9,135.11 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 1,691.10 19,862.45 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 16,697.00 139,475.00 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 16,697.00 139,475.00 8000-00-000 TOTAL EXPENSES 18,388.10 159,337.45 9000-00-000 NET INCOME -992.10 -1,109.45 Kids in the Park (kidspark) Income Statement Period = Aug 2024 Book = Accrual ; Tree = ysi_is 7 51 12/6/2024 3:11 PM Period to Date Year to Date 2999-99-999 Revenue & Expenses 3000-00-000 INCOME 3100-00-000 TENANT INCOME 3400-00-000 GRANT INCOME 3410-01-000 Section 8 HAP Earned 17,715.00 138,170.00 3410-02-000 Section 8 Admin. Fee Income 4,345.00 28,376.00 3499-00-000 TOTAL GRANT INCOME 22,060.00 166,546.00 3999-00-000 TOTAL INCOME 22,060.00 166,546.00 4000-00-000 EXPENSES 4100-00-000 ADMINISTRATIVE EXPENSES 4100-99-000 Administrative Salaries 4110-00-000 Administrative Salaries 1,398.91 13,021.99 4110-04-000 Employee Benefit Contribution-Admin 519.43 3,739.94 4110-99-000 Total Administrative Salaries 1,918.34 16,761.93 4139-00-000 Other Admin Expenses 4172-00-000 Port Out Admin Fee Paid 222.30 222.30 4189-00-000 Total Other Admin Expenses 222.30 222.30 4190-00-000 Miscellaneous Admin Expenses 4191-00-000 Total Miscellaneous Admin Expenses 1,918.34 16,761.93 4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 2,140.64 16,984.23 4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES 4700-00-000 HOUSING ASSISTANCE PAYMENTS 4715-00-000 Housing Assistance Payments 15,417.00 154,720.00 4715-01-000 Tenant Utility Payments-Voucher 1.00 1.00 4715-02-000 Port Out HAP Payments 3,394.00 3,394.00 4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 18,812.00 158,115.00 8000-00-000 TOTAL EXPENSES 20,952.64 175,099.23 9000-00-000 NET INCOME 1,107.36 -8,553.23 Mainstream 5 (ms5) Income Statement Period = Aug 2024 Book = Accrual 8 52