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Home My WebLink About3-23-2022 Lansing Housing Commission ,,PVn'&A�^� ►N ► Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Agenda Lansing Housing Commission March 23, 2022 1. Call to Order a. Roll Call b. Approval of Minutes of February 23, 2022 2. Action Items: a. Resolution 1334 — approval of contract amount between LHC and Habitat for Humanity Capital Region. b. Resolution 1334 — approval of Collective Bargaining Agreement Between LHC and LHC Employees' Chapter of Local 1390.11 . 3. Informational Items: a. Finance Report February 2022 Steven Raiche b. Housing Choice Voucher February 2022 Jennifer Burnette C. Asset Management Report February 2022 LaRoy Froh &Scattered Sites Marcus Hardy 4. Discussion Items: a. Section 18 Update b. RAD Construction Update 5. Other Items: 6. Executive Director's Comments. 7. President's Comments TDDrFrY#:1-800-545-1833 Ext.919 "Equal Housing Opportunity"F&_] :: : : FLO.Am. Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 8. Public Comment— limit 3 minutes per person. 9. Adjournment. TDD/TTY#:1-800-545-1833 Ext.919 "Equal Housing Opportunity"® I& n�� Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Minutes of February 23, 2022 Commissioner Henry called the meeting to order at 5:36 p.m. Mr. Fleming, called the roll. PRESENT AT ROLL CALL: Commissioners Emma Henry, Don Sober, Loria Hall, Heather Taylor joined at 6:12 pm, Ashlee Barker STAFF: Douglas Fleming Marcus Hardy Kim Shirey Jennifer Burnette Steven Raiche — Contractor Guests: None Commissioner Barker moved and Commissioner Hall seconded a motion to approve the minutes of the January 26, 2022, commission meeting. The Motion was approved by all members present. Action Items: Informational Items: Finance Report January 2022 Steven Raiche • Steve and Emma met to discuss how the financial information will continue to change as a result of the RAD transactions. • Annual budget is completed around April — May for the Fiscal year of July 1, 2022 — June 30, 2023. • Summary report now reflects a summary of all amps consolidated into one. Going forward you will begin to see this consolidated amp column not have as significant of an impact on our overall operations. • COCC and HCV activity will remain the same on the finance report and we will see periodic changes in the Business Activities column. TDDFFTY#:1-800-545-1833 Ext.919 n "Equal Housing Opportunity'!6` 2 Lansing Housing Commission Minutes January 26,2021 VA��n� :0-1 :Co. T Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 • This month and next month will still include LaRoy Froh until this property closes in March. Housing Choice Voucher January 2022 Jennifer Burnette Jennifer Burnette provided a brief overview of the January 2022 HCV Reports. • LHC issued thirteen (13) vouchers in the month of January. We had three (3) VASH orientations virtually were held for the month of January 2022 three (3) vouchers were issued with the assistance of community partners. • Emergency Housing Vouchers: 15 of the 32 Emergency Housing Vouchers have been leased up and are housed, 5 are pending calculation or inspection. We have 13 that are issued and are out searching for housing. • 200 regular HCV Applications mailed out in January are pending return, 38 households are out searching for units, 77 applicants are pending documentation or final approval, 0 applicants are pending a hearing, 8 units approved and pending inspections, and 14 pending leased up. • Commissioner Henry asked for clarification on our utilization and disbursement as to whether this is where we are aiming to be. Kim Shirey explained that LHC much like other PHA's nationwide is experiencing pandemic-related housing shortages and market increases as a result of the pandemic that is making it difficult for participants to get qualified for units that are available. HUD is stating that they believe we can house 214 additional voucher holders, we dispute this based on the funds we receive as they prefer to see us in the 90-95% utilization but based on the current HAP being paid out and the increase we were approved for in payment standards we do not feel we can add that many additional voucher holders and still be within the budget disbursement. As a team, we have been brainstorming regarding this. A large part of the issue is that even though our waiting list is only from August we are still only getting a 45-50% response rate. We have dedicated a staff member to process the waitlist and hopefully move through this current list as quickly as possible so that we can re-open with a fresh list. We are also considering incentives to landlords and participants to increase our numbers on a quicker basis. Also, working on a team to develop Landlord Orientation and recruitment to expand our landlord database, Jennifer is in contact with other PHA's that are finding some solutions to this underutilization. TDDn-TY#: 1-800-545-1833 Ext.919 Ind "Equal Housing Opportunity" Lansing Housing Commission Minutes January 26,2021 • Lansing Housing COMMISSION 419 Cherry St., Lansing, Ml 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Asset Management Report— January 2022 LaRoy Froh (LRF) & Public Housing (PH) Scattered Sites — Marcus Hardy • LRF had an occupancy rate of 89% at the end of January. There was zero (0) move-in, zero (0) move-outs and zero (0) transfer. There are 12 vacant units as they prepare for RAD those units will not be filled. There are 95 open work orders. • Public Housing Scattered Sites had an occupancy rate of 97% at the end of January. There was zero (0) move-in, zero (0) move-outs and zero (0) transfer. There are 9 vacancies. There are 115 open work orders. The majority of those are City Inspection items that are getting ready to be closed. Discussion Items: • Section 18 Update — See attached o Encourages the demolition/disposition of inefficient assets to improve housing in the community. o The benefits of Section 18 are that it will give us capital influx to further support affordable housing. Any money generated from these sales goes back into affordable housing. This can be re-directed to a higher use in better units and different/better areas that will benefit the community in a positive way. o The ineffectiveness of these units as they exist currently is that HUD does not provide enough capital money to maintain those units. o The Section 18 RFP included 207 sites/242 units (some of these are duplexes) which are spread out across the Lansing area. o In terms of the time of the sale process, we are currently in the approval process and the beginning of the selection of a proposed buyer. We will then be going back to HUD to begin the secondary process and get approval. o RFP reached hundreds of organizations and we received one compelling bid from SK Investments Group. Founded in 2009, based in Sunrise, FL, 15 active investments in 3 states. TDDn-TY#: 1-800-545-1833 Ext.919 n "Equal Housing Opportunity"� Lansing Housing Commission Minutes January 26,2021 V : 1 : : ::Y16 Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 o Their intent is to leverage the project-based voucher through LHC, this would minimize impacts on residents. o Preliminary terms of the deal are good for residents and the community, as well as fair market value transactions for LHC. Residents expected to stay in existing homes with vouchers, assuming good standing. SK Investment Group is committed to keeping homes affordable for the next 20 years. They also intend to work with resident services. They have inquired about LHC serving as management agent which is being considered. The price is between $16M - $18M and will be a fair market transaction. Final number will be dependent on the total number of units in the transactions. After soft costs we anticipate a net cash gain of $14M - $16.5M. o The plan moving forward is to finalize the environmental assessment working with the City of Lansing to sign off as the responsible entity. Submit draft Section 18 application to HUD. Negotiate terms with SK Investment and enter into a letter of intent and conduct resident qualification assessments. * After transfer of Public Housing units to Section 8 and the sale of the scattered sites we will be down to 55 units of Public Housing that do not qualify for Section 18. Other Items: Executive Director's Comments: Activities Capital Projects • Scattered site RFP — scoring is out. Working with Habitat on the sale of some of the homes. We have identified 20 (5% of total RAD unit transactions) units that we will be pulled out of public housing, and we are working with low-income individuals in the area that have gone through a homeownership program. There are currently 8 that are buyer ready through the Habitat program and we have 11 or 12 homes to choose from for those 8 families that are home buyer ready. These houses that will go through the De Minimis process will be brought up to a standard that the homes will have the necessary updates needed so that they can succeed as a homeowner. The remaining homes will be available to groups that want to do a similar type of sale. LHC will be making a significant investment in these homes to bring them up to date which will come out of TDDnTY#: 1-800-545-1833 Ext.919 n "Equal Housing Opportunity IL, -'> Lansing Housing Commission Minutes January 26,2021 ow OVAN :: : : ►:: Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 the capital fund. These homes do not currently have any debt, therefore once the home is sold, we will be recouping those costs. RAD Activities • LaRoy Froh will be closing on March 18, 2022 MSHDA is waiting for board approval to move forward. The board meeting takes place on March 23, 2022. With this closing will be the receipt of some developer fees that you will see in the business administration column of the financial reports in April. Other Activities • Holy Cross grants - update o Kim and Jennifer have been working with these grants. LHC has experienced some frustration with the financial status of these grants as The City of Lansing still has not provided any numbers on the status of these grants despite managing them for over 60 days. This information was requested in December when we took over the management of the grants. To date they have not provided a date that they will provide us with the financials. • LHC administrative offices will be having a luncheon on March 1, 2022, to welcome staff back. Development Activities Oliver Gardens — October submission • Trying to get approval for a 9% / 4% tax credit deal. This will add 30 additional units at 9% application and renovate the remaining at 4%. Forest/Hoyt — Under Review • LHC has begun conversations with CCA who our current development partner is to do similar applications with Forest/Hoyt. Other Items: none President's Comments: Public Comment: limit 3 minutes per person Other Business: none TDD/TTY#:1-800-545-1833 Ext.919 "Equal Housing Opportunity' Lansing Housing Commission Minutes January 26,2021 ,A1A�AVn� Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Adjournment: The meeting was adjourned at 6:19 p.m. Date 3 23 2-2- Emma Henry Board Ch r Date 3 2 --3 2- Z 4ougFIg, Acti4tecreta TDD/TTY#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity" ,2 Lansing Housing Commission Minutes January 26,2021 U 2 J O .N N � O CD U � N N O 'N N m M � L N J ❑ LL Cn Z � O • " O ■■ cn ■ � V J N r F W 00 O 41 U N C/) Q The transition from public housing to Section 8 reached another milestone with the closing of Hildebrandt Park Activity Public Housing Units Section 8 Units* • Operate past steady state 0 • Close Waverly Place (formerly Mount Vernon Park) 0 • Close Capital City Apartments (formerly South Washington Park) 0 0 �� • Close Hildebrandt Park 0 0 • Close LaRoy Froh0 • Complete sale of eligible scattered sites via Section 18 RFP 0 0 _ • Operate new steady state and implement "•_ to be determined strategy for remaining public housing units accordingly 0 0 3 HUD's Section 18 program encourages the demolition or disposition of suboptimal or inefficient assets to improve housing in the community HUD Initiative Details Benefits • Authorizes the demolition or disposition of public housing units meeting the program criteria • Establishes opportunities to raise funds for capital • Capital influx to further improvements through demolition or disposition support affordable housing inthe area • Determines qualifications based on physical condition Redirect capital to higher Section 18 and unsustainable operations to properly maintain value activities Disposition (Non-contiguous • Includes resident relocation rights and potential Elimination of ineffective homeownership opportunities segments of portfolio • Replaces disposed asset with new HUD vouchers Reduction of city violations • Outlines rules and regulations for future use of funds and resident complaints tied to LHC • Requires environmental review, approved by responsible entity The Section 18 RFP includes a total of 207 sites and 242 units Region - . . a Region # Region # of # of Description Sites Units Northwest 20 20 North 16 16 Northeast 8 10 4111, Central 48 52 Southwest* 52 63 ,r South 51 69 us 0 Southeast 12 12 t Total 207 242 The RFP to time of sale process which will include HUD final approval will continue throughout 2022 Activity • Gather information about Section 18 and discuss options and requirements with HUD • Work with City to align on program and ownership of houses • Compile site detail and develop RFP • • Distribute / post RFP - Answer all questions and clarifications from participants - • Conduct site visits • Receive RFP responses • Review of proposals, possible interviews, short list determination -. • Invite short list best and final offers and clarifications due • Select proposed buyers, start negotiating terms of LOI - Submit Section 18 application to HUD for approvals • Begin executing purchase and sales contracts • Receive HUD Section 18 application approvals, begin closing • Complete closing real estate transactions The RFP reached hundreds of organizations which led to interest from dozens and a compelling bid from SK Investments Group RFP Summary SK Investments Group • Founded 2009 • • • Based in Sunrise, Florida 375 • • • -.Interested Parties • 15 active investments in Florida, Michigan, and New Jersey • 1500 residential units 2 Formal • 5 development projects Bids • 200 single family homes in southeast Michigan • . . - • 250 single family homes in Pontiac, • - Michigan • Acquired homes frorn and works closely with Pontiac Housing Commission 1 Leading Candidate • Leverage Project Based Vouchers through SK INVESTMENTS GROUP - - LHC, which would minimize impacts on residents The preliminary terms of the deal are good for the residents and community, as well as a fair market value transaction for LHC Preliminary Terms Financial Impact to LHC • Expected to stay in existing Transaction Scenario Estimates Low High homes with voucher, assuming good standing and qualification Potential Sales Revenue $16M $18M • Significant amount of communication will occur prior to Soft Costs $2M $1.51M closing transaction LHC Net Cash Gain $14M $16.5M • Committed to keeping homes affordable for 20 years Final sales revenue will be determined based on the • Intend to work with community � groups for resident services number units sold in the transaction which will be dependent on HUD approval, environmental reviews, • Inquired about LHC serving as buyer due diligence, resident qualifications, etc. management agent • Final soft costs will be determined based on the number of units sold and transactional costs for each unit • $16M - $18M • Duplex $140K • Single Family 2BR - $60K • Single Family 3BR - $70K • Single Family 4BR - $90K • Single Family 5BR - $100K • Fair market value transaction • Final number dependent on total units in transaction The plan is to move forward with following steps and working with SK Investments Group to finalize terms of the transaction Complete environmental assessments and work with the City of Lansing to sign off as the responsible entity Continue discussions with HUD and submit draft Section 18 application Continue to negotiate terms with SK Investments Group and enter into Letter of Intent / Purchase Sales Agreement Conduct resident qualification assessments :: : : ►N T Lansing Housing 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 COMMISSION Resolution No. 1334 Adopted By the Lansing Housing Commission March 23, 2022 BE IT RESOLVED BY THE LANSING HOUSING COMMISSION: Doug Fleming, acting in the capacity of Executive Director, is authorized to enter into a contract between Lansing Housing Commission and Habitat for Humanity Capital Region. The contract amount is $451,550.00. Emma Henry Boa d Chair Yeas - Nays Abstentions Attest: ecre a For Clerk Use Only Resolution No. 1334 Date Adopted 03/23/2022 TDD/TTY#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity"F Lansing Housing 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 COMMISSION Resolution No. 1335 Adopted by the Lansing Housing Commission March 23, 2022 BE IT RESOLVED BY THE LANSING HOUSING COMMISSION: Douglas E. Fleming, in his capacity as Executive Director or his designee, is authorized to approve the negotiated Collective Bargaining Agreement between the Lansing Housing Commission and Lansing Housing Commission Employees' Chapter of Local 1390.11 and Michigan Council #25, AFSCME, AFL-CIO. Emma Henry Boar hair Yeas 3 Nays Abstentions Attest4ry S cre For Clerk Use Only Resolution No. 1335 Date Adopted 03/23/2022 TDDrFFY#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity" I& I .. . . ..Y16 Lansing Housing 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 COMMISSION March 23, 2022 Lansing Housing Commission 419 Cherry St. Lansing, Michigan 48933 HONORABLE MEMBERS IN SESSION: SUBJECT: Approval of Collective Bargaining Agreement between Lansing Housing Commission and Lansing Housing Commission Employees' Chapter of Local 1390.11 and Michigan Council #25, AFSCME, AFL-CIO. RECOMMENDATION: Staff recommends the Board approve the Collective Bargaining Agreement between Lansing Housing Commission and Lansing Housing Commission Employees' Chapter of Local 1390.11 and Michigan Council #25, AFSCME, AFL-CIO. CONTACT PERSON: Douglas Fleming Executive Director SUMMARY This transmittal will allow the LHC to implement all changes to the Collective Bargaining Agreement. • The 2022-2024 Agreement there will be the following new job classifications: • Maintenance I - this position is intended to allow interested and mechanically inclined individuals who do not possess the experience and required skills of a Maintenance Technician 11 to acquire them through on-the-job training. This is an `'apprentice" or "trainee" position with the goal of acquiring the skills necessary to work independently as a Maintenance Technician II. • Maintenance Technician II — continuing with the required skill levels of the previous Senior Maintenance position. • Maintenance Technician III - this position requires skilled, rather than semi- skilled, levels of knowledge and proficiency of the full range of maintenance required to repair and maintain the property of the Employer. • Holiday Pay o An employee who works on a holiday, including call-ins, shall receive holiday pay TDDn7Y#: 1-800-545-1833 Ext.919 1 Equal Housing Opportunity"I& I&I i ►, ►/. '/ :: lo Lansing Housing 419 Cherry St., Lansing, MI48933 Telephone: (517)487-6550 Fax: (517)487-6977 COMMISSION plus double time (twice the usual rate) for such hours worked. For the purpose of this section, a holiday I the calendar day it is on, not when it is observed per Section 16.3 of the Agreement. • Juneteenth o June 19 will be added as a paid holiday. BACKGROUND The Lansing Housing Commission entered into a Collective Bargaining Agreement with Lansing Housing Employees' Chapter of Local 1390.11 and Michigan Council #25, AFSMCE, AFL-CIO which is renegotiated every three years. The duration of the current negotiated Agreement will be January 1, 2022, through December 31 , 2024. FINANCIAL CONSIDERATIONS This agreement will implement the following • Wages o Effective January 1, 2022 3.5% across the board increase o Effective January 1, 2023 3.5 % across the board increase c Effective January 1, 2024 3.5% across the board increase POLICY CONSIDERATIONS: LHC has no specific policy regarding this action. However, Board approval is being requested due to the financial consideration of future capital needs within LHC. Respectfully Submitted p Y D ug le ing, Secre ary to the Board L�nsin H using Commission TDDfM#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity"® .. I?I11UII1 Lansing Housing Commission Summary Results for February FY2022 Description LIPH Total COCC HCV Admin HCV BA REVENUE: Total Revenue Variance-Fav(Unfav) 93,031 (37,717) 18,875 57,742 78,750 Tenant Revenue Variance (4,145) - - - - HUD Revenue Variance 93,018 5,936 2,126 56,723 Capital Fund Income 6,299 - - - - Other Income (2,141) (43,653) 16,749 1,019 78,750 Other - - - - - Budgeted Revenue 169,151 82,625 90,552 965,550 - %Variance fav(unfav) 55% -46% 21% 6% 0% EXPENSES: Total Expense Variance Unfav(Fav) 84,415 (76,325) 15,991 (4,166) 7,690 Salary Expenses 7,144 (24,830) 4,525 - Employee Benefit Expenses 14,942 (10,025) 5,037 Utilities 32,082 (1,606) - Write-offs 31,836 - Legal (1,413) 1,908 - Professional Services 6,230 588 (742) - Admin Services 28 (43,305) 297 7,500 Insurance 7,038 1,418 911 190 Sundry/Postage/Office Supplies (6,698) (2,331) (507) 150 Management Fee 4,734 - 426 - HAP Expense - - (4,166) Inspections (75) (130) 137 Pilot (5,723) - - Maintenance Costs (1,912) 1,779 Maintenance Contract-Unit Turns (3,750) - - - - Other (47) 209 5,906 (0) (150) Budgeted Expense 336,417 144,659 81,924 965,000 - %Variance fav(unfav) -25% 53% -20% 0% 0% Gain(Loss)on Sale of Assets - - - - - Curr Mo.Actual Net Income(Loss) $ 77,410 $ (23,426) $ 11,512 $ 62,458 $ 71,061 YTD Actual Net Income(Loss)Net of CWIP $ 833,738 $ (213,443) $ (130,324) $ (150,434) $ 404,515 Prior YR YTD Net Income(Loss) $ 1,929,521 $ 472,196 $ 218,970 $ 9,251 S 8,789,966 Cash Balance-February S 3,111,624 S 1,454,842 S 1,083,273 S 405.940 S 794,086 $2,766,800 CashBalance-January S 2,902,888 S 1,663,669 S 977,030 S 402,493 S 715,336 $2,766,800 Cash Balance-June 2021 S 1,916,110 S 1,350,385 S 1,119,729 S 465,867 S 393,609 $2,304,225 Cash Balance-June 2020 S 2,579,975 S 856,102 $ 827,066 S 496,344 C:\Users\Stevenr\Box\My Box Files-Steven Raiche\My Box Files-Dawn Allman\Board Documents\Board Meeting 2202\Summary 2202\Summary MTD 3/21/2022 10:15 AM Lansing Housing Commission Summary Results YTD for February FY2022 Description LIPH Total COCC HCV Admin HCV BA REVENUE: Total Revenue Variance-Fav(Unfav) 1,297,438 (169,057) (20,263) (294,874) 179,473 Tenant Revenue Variance 35,386 - - HUD Revenue Variance 647,182 30,321 (53,519) (301,405) Capital Fund Income 629,757 - - - - Other Income (14,887) (199,378) 33,256 6,531 179,473 Other - - - - - Budgeted Revenue 2,772,320 657,312 611,916 7,724,400 5,764,775 %Variance fav(unfav) 47% -26% -3% -4% 3% EXPENSES: Total Expense Variance Unfav(Fav) 738,524 (156,501) 43,710 (140,040) 9,733 Salary Expenses 81,912 (116,552) 9,948 - Employee Benefit Expenses 79,688 (64,747) 11,746 Utilities 106,481 (9,053) (411) Write-offs 24,345 - - Legal (10,870) 805 - - Professional Services 96,938 13,245 16,238 Admin Services 7,028 (3,842) - 9,170 Insurance 47,517 (2,019) 1,066 - Sundry/Postage/Office Supplies 2,015 683 16,904 150 Management Fee 35,617 - (10,703) 413 HAP Expense 145,394 (140,040) - Pilot 15,608 - Inspections 1,785 270 (7,245) Maintenance Costs 143,361 16,995 435 Maintenance Contract-Unit Turns (47,915) - - Other 9,621 7,714 5,733 - - Budgeted Expense 2,310,668 858,199 678,267 7,720,000 30,000 %Variance fav(unfav) -32% 18% -6% 2% -32% Gain(Loss)on Sale of Assets - - - - 2,215,454 YTD Actual Net Income(Loss)Net of CWIP $ 773,941 $ (213,443) $ (130,324) $ (150,434) $ 404,515 YTD Budgeted Net Income(Loss) $ 359,980 $ (200,887) $ (66,351) $ 4,400 $ 234,775 Prior YR YTD Net Income(Loss) $ 1,929,521 $ 472,196 $ 218,970 $ 9,251 $ 8,789,966 C:\Users\Stevenr\Box\My Box Files-Steven Raiche\My Box Files-Dawn Allman\Board Documents\Board Meeting 2202\Summary 2202\Summary YTD 3/21/2022 10:15 AM February Ratios HCV Ratios Prior Months Number of Vouchers Used 1,803 1/22 $ 545.49 HCV 8002 Expenses $ 958,352.25 12/21 $ 592.25 Average Cost Per Voucher $ 531.53 11/21 $ 566.41 LIPH Ratios Prior Months February 2022 PY February Year-to-Date Occupancy Rate Total Total YTD Average Number of Units Leased 380 662 1/22 94.1% Number of Possible Units 407 693 12/21 94.6% Year-to-Date Occupancy Rate 93.4% 95.5% 11/21 94.1% Average Revenue Per Occupied Unit 1/22 $ 395.63 Total LIPH Revenue $ 262,181.82 $ 408,710.02 12/21 $ 1,207.93 Average Revenue Per Occupied Unit $ 371.36 $ 617.39 11/21 $ 567.85 Average Tenant Revenue Per Occupied Unit 1/22 $ 67.02 Total Tenant Revenue $ 17,685.73 $ 79,009.00 12/21 $ 70.50 Average Tenant Revenue Per Occupied Unit 46.54 119.35 11/21 $ 82.82 Average Cost Per Occupied Unit 1/22 $ 577.16 YTD Average Monthly Expenses $ 381,149.01 $ 440,571.53 12/21 $ 523.14 Average Cost Per Occupied Unit 539.87 665.52 11/21 $ 459.92 Company Ratios Operating Reserves LIPH COCC HCV Admin Bank Account Balance $ 3,111,623.61 $ 1,454,842.01 $ 1,083,273.28 YTD Expenses $ 3,049,192.08 $ 701,697.66 $ 721,977.13 Number of Months 8 8 8 Average Monthly Expenses $ 381,149.01 $ 87,712.21 $ 90,247.14 Number of Months of Operating Reserves (would like to have 4 months of operating reserves) 8.16 16.59 12.00 Prior Months 1/22 7.09 18.39 9.47 12/21 7.48 23.65 8.53 O6/21 4.58 18.52 13.62 06/20 5.62 14.23 11.20 06/19 4.19 17.81 7.12 C:\Users\Stevenr\Box\My Box Files-Steven Raiche\My Box Files-Dawn Allman\Board Documents\Board Meeting 2202\Summary 2202\Ratios All 3/21/202210:15 AM Lansing Housing Commission Budget vs.Actual Mt.Vernon For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget Tenant Rental Revenue $ 19,962 $ 70,642 $ (50,680) $ 177,979 $ 157,966 $ 87,324 Tenant Revenue-Other 1,748 8,937 (7,189) 8,571 18,147 9,210 Total Tenant Revenue $ 21,710 $ 79,579 $ (57,869) $ 186,550 $ 176,113 $ 96,534 HUD PHA Operating Grants 726,231 822,078 (95,846) 918,821 1,392,066 569,988 CFP Operational Income 215,315 - 215,315 110,044 - - Administrative Fees - 7,824 (7,824) 16,584 8,760 Fraud Recovery and Other 4,139 4,323 (184) (2,295,754) 18,498 14,175 Total Operating Revenue $ 967,396 $ 913,804 $ 53,592 $ (1,080,339) $ 1,603,261 $ 689,457 Administrative Salaries $ 19,630 $ 38,301 $ (18,671) $ 68,391 $ 85,233 $ 46,932 Auditing Fees 5,000 5,775 (775) 5,250 5,775 - Management Fees 25,094 48,749 (23,655) 178,280 108,986 60,237 Bookkeeping Fees 3,551 7,005 (3,454) 12,647 15,705 8,700 Employee Benefits Contributions -Admin 12,074 15,295 (3,222) 24,413 36,275 20,980 Office Expenses 10,030 23,750 (13,720) 35,507 40,002 16,252 Legal 1,261 6,000 (4,739) 6,879 12,000 6,000 Travel - - - - - - Other - 1,650 (1,650) 9,563 4,500 2,850 Tenant Services-Other - - - 1,656 - - Water 874 6,107 (5,233) 52,375 15,952 9,846 Electricity 424 550 (126) 27,162 1,050 500 Gas 368 6,089 (5,721) 14,461 13,414 7,325 Other Utilities Expense 7,188 34,015 (26,827) 7,258 34,215 200 Ordinary Maintenance and Operations-Labor 10,857 27,265 (16,408) 45,705 59,341 32,076 Ordinary Maintenance and Operations-Material 2,584 5,280 (2,696) 10,976 7,680 2,400 Ordinary Maintenance and Operations-Contrac 19,885 79,510 (59,625) 115,295 171,280 91,770 Employee Benefits Contributions -Ordinary 58,701 28,637 30,064 29,818 57,705 29,068 Protective Services-Other Contract Costs - - - 1,461 - - Property Insurance 12,564 23,282 (10,719) 33,371 52,605 29,323 Liability Insurance 4,291 8,712 (4,420) 12,651 19,671 10,959 Workers Compensation - - - - - - All Other Insurance 7,523 9,650 (2,127) 4,400 16,106 6,456 Other General Expenses 28,397 5,312 23,084 122,919 11,776 6,464 Compensated Absences - - - - - - Housing Assistance Payments 429,803.65 370,588 59,216 - 370,588 - Payment in Lieu of Taxes 5,393 5,410 (17) 8,412 11,975 6,565 Bad debt-Tenant Rents (1,167) 3,800 (4,967) 12,268 7,800 4,000 Interest Expense - - - 16,781 - - Total Operating Expenses $ 664,325 $ 760,731 $ (96,406) $ 857,899 $ 1,159,634 $ 398,903 Net Income(Loss) $ 303,071 $ 153,073 $ 149,998 $ (1,938,237) $ 443,627 $ 290,554 Lansing Housing Commission Budget vs.Actual Hildebrandt For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget Tenant Rental Revenue $ 148,363 $ 109,509 $ 38,854 $ 202,608 $ 109,509 $ - Tenant Revenue-Other 7,114 6,057 1,057 19.266 6,057 - Total Tenant Revenue $ 155,477 $ 115,566 $ 39,911 $ 221,874 $ 115,566 $ - HUD PHA Operating Grants 936,570 516,506 420,064 1,058,201 619,164 102,658 CFP Operational Income 116,031 - 116,031 413,663 - - Administrative Fees - 994 (994) - 1,491 497 Fraud Recovery and Other 2,219,511 2,007 2,217,505 7,840 3,693 1,687 Total Operating Revenue $ 3,427,589 $ 635,073 $ 2,792,517 $ 1,701,578 $ 739,914 $ 104,842 Administrative Salaries $ 82,486 $ 43.853 $ 38,633 $ 65,701 $ 43,853 $ - Auditing Fees 5,000 5,775 (775) 5,250 5,775 - Management Fees 74,014 49,214 24,800 208,741 49,214 - Bookkeeping Fees 10,442 7,133 3,310 17,053 7,133 - Employee Benefits Contributions -Admin 19,732 19,395 336 21,121 19,395 - Office Expenses 29,428 21,395 8,032 28,709 21,395 - Legal 2,596 7,200 (4,604) 8,996 7,200 - Travel - - - - Other (480) 1,440 (1,920) 5,684 1,440 Tenant Services-Other 8,500 4,800 3,700 4,862 4,800 Water 73,991 39,002 34,988 82,114 39,002 Electricity 18,730 12,000 6,730 21,551 12,000 Gas 29,478 7,661 21,817 26,110 7,661 Other Utilities Expense - - - - - - Ordinary Maintenance and Operations-Labor 67,067 37,460 29,607 57,454 37,460 - Ordinary Maintenance and Operations-Mated, 35,422 22,160 13,262 31,061 22,160 - Ordinary Maintenance and Operations-Contra 157,352 115,750 41,602 199,634 115,750 - Employee Benefits Contributions -Ordinary 50,696 20,093 30,603 49,671 20,093 - Protective Services-Other Contract Costs 2,730 1,035 1,695 3,235 1,035 - Property Insurance 43,229 21,832 21,397 34,611 21,832 - Liability Insurance 15,050 8,774 6,276 13,459 8,774 - Workers Compensation - - - - - - AII Other Insurance 8,043 7,742 301 4,878 7,742 - Other General Expenses 30,411 5,257 25,154 27,644 5,257 - Compensated Absences - - - Housing Assistance Payments 40,507 139,312 Depreciation 106,194 Payment in Lieu of Taxes 14,461 4,485 9,976 8,375 4,485 - Bad debt-Tenant Rents 6,439 6,000 439 4,620 6,000 - Interest Expense - - - 27,968 - - Total Operating Expenses $ 931.517 $ 608,768 $ 315,360 $ 958,503 $ 469,456 $ - Net Income(Loss) $ 2,496,073 $ 26,305 $ 2,477,157 $ 743,075 $ 270,458 $ 104,842 Lansing Housing Commission Budget vs.Actual La Roy Froh For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget Tenant Rental Revenue $ 130,483 $ 83,952 $ 46,531 $ 140,600 $ 83,952 $ - Tenant Revenue-Other 8,838 5,976 2,862 6,473 5,976 - Total Tenant Revenue $ 139,321 $ 89,928 $ 49,393 $ 147,073 $ 89,928 $ - HUD PHA Operating Grants 937,180 612,348 324,832 982,826 612,348 - CFP Operational Income 23,456 - 23,456 413,663 - Administrative Fees - 1,090 (1,090) - Fraud Recovery and Other 4,652 3,963 689 4,319 3,963 Total Operating Revenue $ 1,104,610 $ 707,329 $ 397,281 $ 1,547,881 $ 706,239 $ Administrative Salaries $ 54,437 $ 49,198 $ 5,239 $ 80,353 $ 49,198 $ - Auditing Fees 5,000 5,665 (665) 5,250 5,665 - Management Fees 84,707 51,802 32,905 202,737 51,802 - Bookkeeping Fees 11,964 7,508 4,457 16,184 7,508 - Employee Benefits Contributions Admin 9,218 19,410 (10,192) 21,251 19,410 - Office Expenses 22,031 20,520 1,511 23,383 20,520 - Legal 4,971 7,200 (2,229) 4,039 7,200 - Travel 107 - 107 - - - Other 3,534 1,260 2,274 5,823 1,260 - Tenant Services-Other 10,143 6,000 4,143 3,369 6,000 - Water 50,680 26,810 23,870 50,944 26,810 - Electricity 31,415 14,400 17,015 27,546 14,400 - Gas 31,078 6,440 24,638 26,726 6,440 - Other Utilities Expense 13,557 - 13,557 17,088 - - Ordinary Maintenance and Operations-Labor 85,881 39,958 45,923 45,242 39,958 - Ordinary Maintenance and Operations-Materia 50,841 20,500 30,341 35,062 20,500 - Ordinary Maintenance and Operations-Contrac 145.421 55,610 89,811 112,727 55,610 - Employee Benefits Contributions -Ordinary 65,319 34,405 30,914 43,529 34,405 - Housing Assistance Payments - 95,935 (95.935) - 95,935 Protective Services-Other Contract Costs 2,600 1,600 1,000 2,990 1,600 - Property Insurance 46,458 27,023 19,435 39,645 27,023 - Liability Insurance 14,571 9,305 5,266 13,781 9,305 - Workers Compensation - - - - - AII Other Insurance 10,877 7,622 3,255 4,400 7,622 - OtherGeneralExpenses 31,632 5,473 26,159 24,567 5,473 Compensated Absences - - - - Payment in Lieu of Taxes 8,740 3,090 5,650 3,014 3,090 - Bad debt-Tenant Rents 2,803 5,400 (2,597) 8,630 5,400 Interest Expense - - - 16,521 - Total Operating Expenses $ 797,984 $ 522,132 $ 275,852 $ 834,798 $ 522,132 $ Net Income(Loss) $ 306,625 $ 185,197 $ 121,428 $ 713,083 $ 184,107 $ Lansing Housing Commission Budget vs.Actual South Washington Park For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget Tenant Rental Revenue $ 15,039 $ 14,358 $ 681 $ 196,735 $ 14,358 $ - Tenant Revenue-Other 400 - 400 14,631 Total Tenant Revenue $ 15,439 $ 14,358 $ 1,081 $ 211,366 $ 14,358 $ HUD PHA Operating Grants 490,748 389,958 100,790 643,425 389,958 CFP Operational Income 353,024 - 353,024 110,044 - - Administrative Fees - 3,444 (3,444) - 3,444 - Fraud Recovery and Other 4,475 3,513 962 12,131 3,513 - Total Operating Revenue $ 863,687 $ 411,273 $ 452,414 $ 976,967 $ 411,273 $ Administrative Salaries $ 1,176 $ 2,967 $ (1,792) $ 53,869 $ 2,967 $ Auditing Fees 5,000 5,775 (775) 5,250 5,775 Management Fees 4,671 3,105 1,566 166,479 3,105 Bookkeeping Fees 664 450 214 10,659 450 Employee Benefits Contributions -Admin 6,012 5,457 555 34,844 5,457 Office Expenses 9,890 2,566 7,325 28,381 2,566 Legal 1,302 600 702 9,995 600 - Travel - - - - - - Other (2,479) 300 (2,779) 1,041 300 - Tenant Services-Other - - - 5,941 - - Water 771 402 369 139,178 402 - Electricity - 150 (150) 79,793 150 - Gas 265 - 265 22,412 - - Other Utilities Expense 1,287 - 1,287 1,558 - - Ordinary Maintenance and Operations-Labor 1,625 2,245 (621) 74,945 2,245 - Ordinary Maintenance and Operations-Materia 927 9,000 (8,073) 24,204 9,000 Ordinary Maintenance and Operations-Contras 7,490 7,250 240 73,092 7,250 Employee Benefits Contributions -Ordinary 6,029 5,401 629 58,099 5,401 Protective Services-Other Contract Costs (221) - (221) 1,307 - Property Insurance 2,453 2,010 443 32,006 2,010 Liability Insurance 1,174 573 601 14,008 573 Workers Compensation - - - - - AII Other Insurance 8,907 1,098 7,809 4,877 1,098 Other General Expenses 23,748 1,207 22,541 25,277 1,207 Compensated Absences - - - Housing Assistance Payments 647,478 366,561 280,917 366,561 Payment in Lieu of Taxes 1,319 1,321 (2) (5,304) 1,321 Bad debt-Tenant Rents 32,070 600 31,470 7,687 600 Interest Expense - - - 3,772 - Total Operating Expenses $ 761,560 $ 419,037 $ 342,523 $ 873,373 $ 419,037 $ - Net Income(Loss) $ 102,127 $ (7,764) $ 109,891 $ 103,593 $ (7.764) $ - Lansing Housing Commission Budget vs.Actual AMP Consolidated For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget Tenant Rental Revenue $ 313,847 $ 278,461 $ 35,386 $ 717,922 $ 365,785 $ 87,324 Tenant Revenue-Other 18,100 20,970 (2,870) 48,941 30,180 9,210 Total Tenant Revenue $ 331,947 $ 299,431 $ 32,516 $ 766,863 $ 395,965 $ 96,534 HUD PHA Operating Grants 3,090,730 2,340,890 749,840 3,603,273 3,013,536 672,646 CFP Operational Income 707,827 - 707,827 1,047.414 - - Fraud Recovery and Other 2,232,778 13,806 2,218,972 (2,271,464) 29,667 15,862 Total Operating Revenue $ 6,363,282 $ 2,667,478 $ 3,695,803 $ 3,146,087 $ 3,460,687 $ 794,299 Administrative Salaries $ 157,729 $ 134,319 $ 23,410 $ 268,314 $ 181,251 $ 46,932 Auditing Fees 20,000 22,990 (2,990) 21,000 22,990 - Management Fees 188,486 152,870 35,617 756,237 213,107 60,237 Bookkeeping Fees 26,621 22,095 4,526 56,542 30,795 8,700 Employee Benefits Contributions-Administrative 47,036 59,557 (12,522) 101,628 80.537 20,980 Office Expenses 71,379 68,230 3,148 115,981 84,482 16,252 Legal Expense 10.130 21,000 (10,870) 29,910 27,000 6,000 Travel 107 - 107 - - - Other 575 4,650 (4,075) 22,111 7,500 2,850 Tenant Services-Other 18,643 10,800 7,843 15,828 10,800 - Water 126.316 72,321 53,995 324,612 82,167 9,846 Electricity 50,569 27.100 23,469 156,052 27,600 500 Gas 61,190 20,190 41,000 89,710 27,515 7,325 Other Utilities Expense 22,032 34,015 (11,983) - 34,215 200 Ordinary Maintenance and Operations-Labor 165,430 106,928 58,502 223,347 139,004 32,076 Ordinary Maintenance and Operations-Material 89,774 56,940 32,834 101,304 59,340 2,400 Ordinary Maintenance and Operations-Contrac 330,148 258,120 72,028 500,749 349,890 91,770 Employee Benefits Contributions-Ordinary 180,746 88,536 92,210 181,117 117,604 29,068 Protective Services-Other Contract Costs 5,109 2,635 2,474 8,993 2,635 - Property Insurance 104,705 74,147 30,557 139,633 103,470 29,323 Liability Insurance 35,085 27,363 7,722 53,898 38,322 10,959 Workers Compensation - - - - - - AII Other Insurance 35,350 26,112 9,238 18,555 32,568 6,456 Other General Expenses 114,188 17,250 96,938 200,407 23,714 6,464 Compensated Absences - - - - - - Payments in Lieu of Taxes 29,913 14,305 15,608 14,497 20,870 6,565 Bad debt-Tenant Rents 40,145 15,800 24,345 33,204 19,800 4,000 Interest Expense - - - 65,042 - - Total Operating Expenses $ 1,931,404 $ 1,338,273 $ 593,131 $ 3,498,669 $ 1,737,176 $ 398,903 Net Income(Loss) $ 4,431,878 $ 1,329,205 $ 3,102,673 $ (352,583) $ 1,723,511 $ 395,396 Lansing Housing Commission Budget vs.Actual COCC For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget Management Fees Income $ 318,702 $ 657,101 $ (338,399) $ 890,032 $ 789,866 $ 132,766 Bookkeeping Fees Income 26,621 22,101 4,520 56,542 30,805 8,704 Administrative Fees 71,045 294.310 (223,265) - 469,742 175,432 Fraud Recovery and Other 71,886 48,000 23,886 52,292 62,000 14,000 Total Operating Revenue $ 488,255 $ 1,021,512 $ (533,257) $ 998,866 $ 1,352,413 $ 330,902 Administrative Salaries $ 150,524 $ 200,668 $ (50,144) $ 123,612 $ 304,896 $ 104,228 Auditing Fees 7,000 5,665 1,335 5,250 5,665 - Employee Benefits Contributions -Admin 46,708 81,395 (34,687) 35,338 121,355 39,960 Office Expenses 49,870 353,431 (303,561) 37,536 490,752 137,321 Legal 4,805 4,000 805 3,929 6,000 2,000 Travel 4,089 - 4,089 - - - Other 27,656 12,982 14,674 18,450 25,834 12,852 Tenant Services-Other 4,944 - 4,944 - - - Water 824 1,483 (659) 926 2,185 702 Electricity 5,682 13,700 (8,018) 8,364 19,200 5,500 Gas 1,066 1,670 (604) 1,381 2,820 1,150 Other Utilities Expense 548 320 228 337 480 160 Ordinary Maintenance and Operations-Labor 34,336 99,744 (65,408) - 159,240 59,496 Ordinary Maintenance and Operations-Material 326 3,300 (2,974) 2,890 4,400 1,100 Ordinary Maintenance and Operations-Contracts 28,987 10,790 18,197 17,467 15,010 4,220 Employee Benefits Contributions -Ordinary 12,083 40,025 (27,942) - 64,121 24,096 Protective Services-Other Contract Costs - 600 (600) 878 800 200 Property Insurance 5,800 3,609 2,191 1,469 3,609 - Liability Insurance 1,188 1,393 (205) 113 1,393 - Workers Compensation - - - - -All Other Insurance 395 4,400 (4,005) 4,400 4,400 - Other General Expenses 307,367 19,024 288,343 263,525 28,044 9,020 Compensated Absences - - - - - - Interest Expense - - - 804 - - Total Operating Expenses $ 694,198 $ 858,199 $ (164,001) $ 526,669 $ 1,260,204 $ 402,005 Net Income(Loss) $ (205,943) $ 163,313 $ (369,256) $ 472,196 $ 92,209 $ (71,103) Lansing Housing Commission Budget vs.Actual Housing Choice Voucher For the Period Ending February 28,2022 YTD Amount YTD Budget YTD Variance Prior YTD Actual Annual Budget Remaining Budget HUD PHA Operating Grants $ 8,069,670 $ 8,422,468 $ (352,798) $ 8,405,467 $ 12,646,676 $ 4,224,208 Other Revenue 40,032 - 40,032 5,760 - - Fraud Recovery and Other 21,181 4,400 16,781 10,914 6,600 2,200 Total Operating Revenue $ 8,130,883 $ 8,426,868 $ (295,985) $ 8,422,141 $ 12,653.276 $ 4,226,408 Administrative Salaries $ 302,547 $ 306,950 $ (4,403) $ 240,287 $ 441,982 $ 135,032 Auditing Fees 25,000 28,875 (3,875) 26,250 28,875 - Management Fees 130,216 140,494 (10,278) 133,795 213,335 72,842 Bookkeeping Fees - - - - - - Employee Benefits Contributions -Admin 89,401 81,848 7,553 57,171 117.628 35,780 Office Expenses 158,373 121,526 36,847 121,731 155,742 34,216 Legal Expense - - - - - - Travel 1,208 - 1,208 - - - Other 346 40,000 (39,654) (0) 60,000 20,000 Tenant Services-Other - - - - - - Water - - - - - - Electricity - - - - - - Gas - - - - - - Other Utilities Expense 150 500 (350) 668 1,000 500 Ordinary Maintenance and Operations-MateriE - - - - - Ordinary Maintenance and Operations-Contra, 31,264 - 31,264 57,177 - - Protective services-Other Contract Costs - - - 269 - - Property Insurance - - - - - - Liability Insurance 19,187 14,190 4,997 10,724 21,450 7,260 Workers Compensation - - - - - - All Other Insurance 1,245 4,400 (3,155) - Other General Expenses 35,369 16,640 18,729 12,971 24,818 8,178 Compensated Absences - - - - - Housing Assistance Payments 7,580,468 7,720,000 (139,532) 7,532,818 11,580,000 3,860,000 Bad Debt-Tenant Rents - - - - Interest Expense - - - - Total Operating Expenses $ 8,374,773 $ 8,475,423 $ (100,649) $ 8,193,862 $ 12.644,830 $ 4,169,408 Net Income(Loss) $ (243,890) $ (48,554) $ (195,336) $ 228,279 $ 8,446 $ 57,000 Lansing Housing Commission 1010 Mt.Vernon Park Balance Sheet for February 2022 Period Amount Balance ASSETS 1010-0000-111102 Cash-Security Deposits - 10,200.30 1 01 0-0000-1 1 1 1 1 1 Chase Checking 43,300.53 697,991.33 1010-0000-112200 Accounts Receivable 147.00 3,642.00 1 01 0-0000-1 1 2201 Allowance for Doubtful Accounts (14.70) (364.20) 1010-0000-112220 AIR Repayment Agreement 1 01 0-0000-1 1 2500 Accounts Receivable HUD 1010-2010-112500 Accounts Receivable HUD - 1010-0000-112954 Accounts Receivables-Mist 2,267.25 1010-0000-114500 Accrued Interest Receivable 55.29 1010-5005-115700 Intercompany (24,697.30) (33,827.89) 1010-0000-116201 Investments Savings 74,168.03 1010-0000-121100 Prepaid Insurance (2,197.03) 13,255.43 1010-0000-140000 Land 114,150.00 1010-0000-144000 Construction in Progress 6,053.00 1010-3000-144000 Construction in Progress 53,314.39 1010-0000-146000 Dwelling Structures 2,567,885.60 1010-1010-146000 Dwelling Structures - 1010-0000-146500 Dwelling Equipment-Ranges& 20,325.87 1010-1010-146500 Dwelling Equipment-Ranges& - 1010-3000-146500 Dwelling Equipment-Ranges& 1010-0000-148100 Accumulated Depreciation-Build - (2,355,778.23) 1010-1010-148100 Accumulated Depreciation-Build - 1010-1010-148300 Accumulated Depreciation-Equip - - 1010-0000-150300 Deferred Outflow-MERS - 359,796.50 1010-0000-150301 Deferred Outflows-OPEB - 13,185.00 TOTAL ASSETS 16,538.50 1,546,319.67 LIABILITIES 1010-0000-200000 OPEB Liability - 10,413.00 1010-0000-200300 Pension Liability 227,551.00 1010-0000-210000 Construction Costs Payabe - - 1010-0000-211100 Accounts Payable 239.29 530.71 1010-0000-211343 Accounts Payable Misc - - 1010-0000-211400 Tenant Security Deposits (348.00) 9,852.30 1010-0000-211999 Tenant Refunds 270.00 11,483.50 1010-0000-212000 Accrued Payroll - 2,422.62 1010-0000-213400 Utility Accrual 321.00 1010-0000-213500 Accrued Comp Absences-Curr - 762.56 1010-0000-213700 Payment in Lieu of Taxes 905.71 15,920.86 1010-0000-214000 Accrued Comp Absences-non curr - 4,320.59 1010-0000-260600 Note Payable Non Curr-PNC - 1010-0000-260601 Note Payable-Curr-PNC - 1010-0000-210000 Deferred Inflow-MERS 62,251.00 1010-0000-210001 Deferred Inflows-OPEB 50,958.00 1010-0000-270000 Deferred Inflows - - TOTAL LIABILITIES 1,067.00 396,787.14 EQUITY 1010-0000-280100 Invest C - 2,433,904.00 1010-0000-280500 Unrestricted Net Assets - 801,692.03 1010-0000-282000 Income and Expense Clearing 15,471.50 (4,103,564.39) 1010-0003-282000 Income and Expense Clearing - (77.99) 1010-1010-282000 Income and Expense Clearing (320.14) 1010-1010-282000 Income and Expense Clearing (72,265.80) 1010-2010-282000 Income and Expense Clearing (75.00) 1010-3000-282000 Income and Expense Clearing - 2,090,239.82 TOTAL EQUITY 15,471.50 1,149,532.53 TOTAL LIABILITES&EQUITY 16,538.50 1,546,319.67 Lansing Housing Commission 1020 Hildebrandt Park Balance Sheet for February 2022 Period Amount Balance ASSETS 1020-0000-111102 Cash-Security Deposits - 36,398.00 1020-0000-111111 Chase Checking 112,276.30 812,958.26 1020-0000-112200 Accounts Receivable 3,959.00 16,085.00 1020-0000-112201 Allowance for Doubtful Accounts (395.90) (1,608.50) 1020-0000-112220 AIR Repayment Agreement - - 1020-0000-112500 Accounts Receivable HUD - - 1020-2010-112500 Accounts Receivable HUD - - 1020-0000-114500 Accrued Interest Receivable - 55.29 1020-5005-115700 Intercompany (20,833.95) (46,201.82) 1020-0000-116201 Investments Savings - 74,168.04 1020-0000-121100 Prepaid Insurance (40,638.97) 14,105.60 1020-0000-140000 Land - 348,580.00 1020-0000-144000 Construction in Progress - 52,892.89 1020-3000-144000 Construction in Progress - 139,560.88 1020-0000-146000 Dwelling Structures - 2,745,252.13 1020-1020-146000 Dwelling Structures - 115,030.00 1020-0000-146500 Dwelling Equipment-Ranges& - 35,085.00 1020-1020-146500 Dwelling Equipment-Ranges& - 21,635.00 1020-0000-148100 Accumulated Depreciation-Build - (2,738,837.02) 1020-1020-148100 Accumulated Depreciation-Build - (51,897.16) 1020-1020-148300 Accumulated Depreciation-Equip - (9,758,67) 1020-0000-150300 Deferred Outflow-MERS - 313,828.50 1020-0000-150301 Deferred Outflows-OPEB - 6,902.00 TOTAL ASSETS 54,366.48 1,884,233.42 LIABILITIES 1020-0000-200000 OPEB Liability - 5,450.00 1020-0000-200300 Pension Liability - 190,560.00 1020-0000-210000 Construction Costs Payabe - - 1 020-0000-21 1 1 00 Accounts Payable (1,328.95) 2,341.95 1020-0000-211343 Accounts Payable Misc - - 1020-0000-211400 Tenant Security Deposits (363.00) 20,814.00 1020-0000-211999 Tenant Refunds (2,510.00) 15,529.71 1020-0000-212000 Accrued Payroll - 9,930.43 1020-0000-213400 Utility Accrual - 25,624.00 1020-0000-213500 Accrued Comp Absences-Curr - 2,296.44 1020-0000-213700 Payment in Lieu of Taxes (1,722.67) 23,979.21 1020-0000-214000 Accrued Comp Absences-non curr - 13,013.16 1020-0000-260600 Note Payable Non Curr-PNC - - 1020-0000-260601 Note Payable-Curr-PNC - - 1020-0000-210000 Deferred Inflow-MERS - 52,132.00 1020-0000-210001 Deferred Inflow-OPEB - 26,675.00 1020-0000-270000 Deferred Inflows - - TOTAL LIABILITIES (5,924.62) 388,345.90 EQUITY 1020-0000-280100 Invest C - 3,764,889.00 1020-0000-280500 Unrestricted Net Assets - (35,006.10) 1020-0000-282000 Income and Expense Clearing 60,291.10 (4,536,228.90) 1020-1020-282000 Income and Expense Clearing - (162.850.00) 1020-2010-282000 Income and Expense Clearing - (56.25) 1020-3000-282000 Income and Expense Clearing - 2,465,139.77 TOTAL EQUITY 60,291.10 1,495,887.52 TOTAL LIABILITES&EQUITY 54,366.48 1,884,233.42 Lansing Housing Commission 1080 LaRoy Froh Townhomes Balance Sheet for February 2022 Period Amount Balance ASSETS 1080-0000-111102 Cash-Security Deposits - 40,398.00 1080-0000-111111 Chase Checking 45,153.19 1,020,496.13 1080-0000-112200 Accounts Receivable 5,789.50 25,762.71 1080-0000-112201 Allowance for Doubtful Accounts (578.95) (2,576.27) 1080-0000-112220 AIR Repayment Agreement - - 1080-0000-112500 Accounts Receivable HUD - - 1080-2010-112500 Accounts Receivable HUD - - 1080-0000-112954 Accounts Receivables-Misc - 3,225.00 1080-0000-114500 Accrued Interest Receivable - 55.29 1080-5005-115700 Intercompany (21,183.43) (33,478.12) 1080-0000-116201 Investments Savings - 74,168.03 1080-0000-121100 Prepaid Insurance (8,089.86) 48,972.82 1080-0000-140000 Land - 499,084.00 1080-0000-144000 Construction in Progress - 30,072.28 1080-3000-144000 Construction in Progress - 279,684.12 1080-0000-146000 Dwelling Structures - 12,792,393.80 1080-1080-146000 Dwelling Structures - 520,795.00 1080-0000-146500 Dwelling Equipment-Ranges& - 51,291.24 1080-0000-148100 Accumulated Depreciation-Build - (10,456,604.44) 1080-1080-148100 Accumulated Depreciation-Build - (234,955.00) 1080-0000-150300 Deferred Outflow-MERS - 383,188.50 1080-0000-150301 Deferred Outflows-OPEB - 11,114.00 TOTAL ASSETS 21,090.45 5,063,087.09 LIABILITIES 1080-0000-200000 OPEB Liability - 8,776.00 1080-0000-200300 Pension Liability - 246,376.00 1080-0000-210000 Construction Costs Payabe - - 1080-0000-211100 Accounts Payable (2,113.20) 5,471.32 1080-0000-211343 Accounts Payable Misc - - 1080-0000-211400 Tenant Security Deposits (162.00) 38,891.00 1080-0000-211999 Tenant Refunds (1,708.50) 22,486.01 1080-0000-212000 Accrued Payroll - 9,503.77 1080-0000-213400 Utility Accrual - 13,941.00 1080-0000-213500 Accrued Comp Absences-Curr - 1,104.85 1080-0000-213700 Payment in Lieu of Taxes (806.74) 12,079.03 1080-0000-214000 Accrued Comp Absences-non curr - 6,260.81 1080-0000-260600 Note Payable Non Curr-PNC - - 1080-0000-260601 Note Payable-Curr-PNC - - 1080-0000-210000 Deferred Inflow-MERS - 67,401.00 1080-0000-270000 Deferred Inflows - - TOTAL LIABILITIES (4,790.44) 432,290.79 EQUITY 1080-0000-280100 Invest C - 4,031,104.00 1080-0000-280500 Unrestricted Net Assets - 134,241.63 1080-0000-282000 Income and Expense Clearing 25,880.89 (1,242,748.11) 1080-1080-282000 Income and Expense Clearing - (96,075.00) 1080-2010-282000 Income and Expense Clearing - (56.25) 1080-3000-282000 Income and Expense Clearing - 1,794,330.03 TOTAL EQUITY 25,880.89 4,620,796.30 TOTAL LIABILITES&EQUITY 21,090.45 5,063,087.09 Lansing Housing Commission 1090 South Washington Park Balance Sheet for February 2022 Period Amount Balance ASSETS 1090-0000-111102 Cash-Security Deposits - 1,777.00 1090-0000-111111 Chase Checking 8,005.21 580,177.89 1090-0000-112000 Accounts Receivable-Operations (33,093.00) - 1090-0000-112200 Accounts Receivable 807.00 4,246.60 1090-0000-112201 Allowance for Doubtful Accounts (80.70) (424.66) 1090-0108-112201 Allowance for Doubtful Accounts - 1090-0000-112220 A/R Repayment Agreement - 1090-0000-112500 Accounts Receivable HUD - 1090-2010-112500 Accounts Receivable HUD - 1090-0000-114500 Accrued Interest Receivable 55.29 1090-5005-115700 Intercompany (3,379.51) (15,270.29) 1090-0000-116201 Investments Savings 74,168,03 1090-0000-121100 Prepaid Insurance (664.61) 4,457.89 1090-0000-140000 Land 36,534.00 1090-0000-144000 Construction in Progress 3,650.00 1090-3000-144000 Construction in Progress 72,259.90 1090-0000-146000 Dwelling Structures 288,076.96 1090-1090-146000 Dwelling Structures - 1090-0000-146500 Dwelling Equipment-Ranges& 2,558.79 1090-0000-147000 Nondwellin Structures - 1090-0000-148100 Accumulated Depreciation-Build (281,631.86) 1090-1090-148100 Accumulated Depreciation-Build - 1090-0000-150300 Deferred Outflow-MERS 359,216.50 1090-0000-150301 Deferred Outflows-OPEB 6,866.00 TOTAL ASSETS (28,405.61) 1,136,718.04 LIABILITIES 1090-0000-200000 OPEB Liability 5,422.00 1090-0000-200300 Pension Liability 227,085.00 1090-0000-210000 Construction Costs Payabe - - 1090-0000-211100 Accounts Payable (1,482.09) 152.56 1090-0000-211343 Accounts Payable Misc - - 1090-0000-211400 Tenant Security Deposits - 1,777.00 1090-0000-211999 Tenant Refunds (159.00) 1,928.00 1090-0000-212000 Accrued Payroll - 11,586.49 1090-0000-213400 Utility Accrual - 160.00 1090-0000-213500 Accrued Comp Absences-Curr - 3,591.55 1090-0000-213700 Payment in Lieu of Taxes (2,531.04) (3,638.81) 1090-0000-214000 Accrued Comp Absences-non Curr - 20,352.10 1090-0000-260600 Note Payable Non Curr-PNC - - 1090-0000-260601 Note Payable-Curr-PNC - - 1090-0000-210000 Deferred Inflow-MERS - 62,123.00 1090-0000-210001 Deferred Inflow-OPEB - 535.00 1090-0000-270000 Deferred Inflows - - TOTAL LIABILITIES (4,172,13) 331,073.89 EQUITY 1090-0000-280100 Invest C - 3,083,846.00 1090-0000-280500 Unrestricted Net Assets - 52,038.44 1090-0000-282000 Income and Expense Clearing (24,233.48) (6,318,500.43) 1090-1090-282000 Income and Expense Clearing - (19,923.00) 1090-2010-282000 Income and Expense Clearing - (75.00) 1090-3000-282000 Income and Expense Clearing - 4,008,258.14 TOTAL EQUITY (24.233.48) 805,644.15 TOTAL LIABILITES&EQUITY (28,405.61) 1 136 718.04 Lansing Housing Commission 5005 Central Office Cost Center Balance Sheet for February 2022 Period Amount Balance ASSETS 5005-0000-111101 General Fund Checking - - 5005-0000-111105 LHC-Payroll Account (100.00) 66,544.64 5005-0000-111111 Chase Checking (208,827.11) 1,454,842.01 5005-0000-112500 Accounts Receivable HUD 39,152.17 354,173.12 5005-0000-112954 Accounts Receivables-Misc 7,769.40 (418,572.62) 5005-1010-115700 Intercompany 24,697.30 33,827.89 5005-1020-115700 Intercompany 20,833.95 46,201.82 5005-1080-115700 Intercompany 21,183.43 33,478.12 5005-1090-115700 Intercompany 3,379.51 15,270.29 5005-4001-115700 Intercompany (36,833.65) 848,665.96 5005-8001-115700 Intercompany 43,707.38 114,327.56 5005-8002-115700 Intercompany (58,646.45) 95,555.14 5005-8005-115700 Intercompany (2,481.00) (6,429.81) 5005-8010-115700 Intercompany 24,258.74 41,220.17 5005-8020-115700 Intercompany 22,288.00 68,800.00 5005-8021-115700 Intercompany 62,500.14 49,382.14 5005-9101-115700 Intercompany - - 5005-0000-121100 Prepaid Insurance (1,316.56) 3,927.06 5005-0000-121200 Prepaid-Other - 11,887.00 5005-0000-140000 Land - 190,000.00 5005-0000-144000 Construction in Progress - 41,738.84 5005-0000-146000 Dwelling Structures - 775,620.74 5005-0000-146500 Dwelling Equipment-Ranges& - 335,281.25 5005-0000-148100 Accumulated Depreciation-Build - (1,055,856.85) 5005-0000-150102 Investment in OG - 411,617.62 5005-0000-150300 Deferred Outflow-MERS - 73,349.00 5005-0000-150301 Deferred Outflows-OPEB - 6,502.00 TOTAL ASSETS (38,434.75) 3,591,353.09 LIABILITIES 5005-0000-200000 OPEB Liability - 5,138.00 5005-0000-200300 Pension Liability - 159,315.00 5005-0000-210000 Construction Costs Payabe - - 5005-0000-211100 Accounts Payable (22,335.63) 38,156.71 5005-0000-211343 Accounts Payable Misc - - 5005-0000-211703 Union Dues Payable (172.80) (1,425.60) 5005-0000-211704 Health Insurance W1H - - 5005-0000-212000 Accrued Payroll - 8,104.41 5005-0000-213400 Utility Accrual - 1,202.00 5005-0000-213500 Accrued Comp Absences-Curr - 1,800.24 5005-0000-214000 Accrued Comp Absences-non curr - 10,201.33 5005-0000-224000 Tenant Prepaid Rent - 3,810.00 5005-0000-260700 Note Payable Non Curr-Davenport - - 5005-0000-260701 Note Payable-Curr-Davenport - - 5005-0000-210000 Deferred Inflow-MERS - 43,585.00 5005-0000-210001 Deferred Inflow-OPEB - 25,144.00 5005-0000-270000 Deferred Inflows - - TOTAL LIABILITIES (22,508.43) 295,031.09 EQUITY 5005-0000-280100 Invest C 262,455.00 5005-0000-280500 Unrestricted Net Assets 327,575.00 5005-0000-282000 Income and Expense Clearing (15,926.32) 2,939,485.38 5005-1010-282000 Income and Expense Clearing -3,277.50 5005-1090-282000 Income and Expense Clearing 3,990.83 5005-3000-282000 Income and Expense Clearing -233,906.71 TOTAL EQUITY (15,926.32) 3,296,322.00 TOTAL LIABILITES&EQUITY (38,434.75) 3,591,353.09 Lansing Housing Commission Housing Choice Voucher Balance Sheet for February 2022 Period Amount Balance ASSETS 8001-0000-111111 Chase Checking 106,243.60 1,083,273.28 8001-2010-111111 Chase Checking - - 8002-0000-111111 Chase Checking 3,447.04 405,940.00 8002-0000-112200 Accounts Receivable - - 8002-8002-112200 Accounts Receivable (216.50) (216.50) 8001-0000-112954 Accounts Receivables-Misc - 2,966.15 8002-0000-112954 Accounts Receivables-Misc - - 8001-5005-115700 Intercompany (43,707.38) (114,327.56) 8002-5005-115700 Intercompany - - 8001-0000-121100 Prepaid Insurance (2,726.44) 16,357.63 8001-2010-144000 Construction in Progress - 3,753.83 8001-0000-146500 Dwelling Equipment- Ranges& - 44,423.50 8001-0000-148100 Accumulated Depreciation-Build - (28,063.43) 8002-0000-148100 Accumulated Depreciation-Build - - 8001-0000-150300 Deferred Outflow-MERS - 107,995.00 8001-0000-150301 Deferred Outflows-OPEB - 18,864.00 TOTAL ASSETS 63,040.32 1,540,965.90 LIABILITIES 8001-0000-200000 OPEB Liability - 14,897.00 8001-0000-200300 Pension Liability - 234,571.00 8001-0000-210000 Construction Costs Payabe - - 8001-0000-211100 Accounts Payable 22,360.22 25,272.62 8002-0000-211100 Accounts Payable (58,646.45) 164,355.14 8002-8002-211100 Accounts Payable - - 8001-0000-211343 Accounts Payable Misc - - 8001-2010-211998 Deferred Income - - 8001-0000-212000 Accrued Payroll - 21,077.27 8001-0000-213400 Utility Accrual - - 8001-0000-213500 Accrued Comp Absences-Curr - 6,903.56 8001-0000-214000 Accrued Comp Absences-non curr - 39,120.20 8001-0000-210000 Deferred Inflow- MERS - 64,172.00 8001-0000-210001 Deferred Inflow-OPEB - 98,906.00 8001-0000-270000 Deferred Inflows - - TOTAL LIABILITIES (36,286.23) 669,274.79 EQUITY 8001-0000-280500 Unrestricted Net Assets - (311,896.99) 8001-0000-282000 Income and Expense Clearing 37,449.56 604,589.15 8001-0003-282000 Income and Expense Clearing - (1,038.20) 8001-3000-282000 Income and Expense Clearing - (2,130.72) 8002-0000-280100 Invest C - - 8002-0000-280400 Restricted Net Assets - 152,357.00 8002-0000-280500 Unrestricted Net Assets - 453,953.00 8002-0000-282000 Income and Expense Clearing 61,876.99 66,610,145.66 8002-8002-282000 Income and Expense Clearing - (66,634,287.79) TOTAL EQUITY 99,326.55 871,691.11 TOTAL LIABILITES&EQUITY 63,040.32 1,540,965.90 ,,,�NYAn I :D : : UAW Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 March 23, 2022 HONORABLE MEMBERS IN SESSION Lansing Housing Commission 419 Cherry St. Lansing Michigan 48933 SUBJECT: February 2021 Housing Choice Voucher (HCV) Monthly Report CONTACT PERSON: Jennifer Burnette Assistant Director of Housing Programs Family Self Sufficiency (FSS): LHC staff is continuing to outreach for additional participation with the FSS program. HCV Orientations: LHC issued fifteen (15) vouchers in the month of February. Two (2) VASH orientations virtually were held for the month of February 2022, and two (2) vouchers were issued with the assistance of community partners. There are currently an additional 8 vouchers issued and out searching. Waiting List: Emergency Housing Vouchers: 17 of the 32 Emergency Housing Vouchers have been leased up, 2 are pending calculation/inspection, and 12 are issued and are out searching for housing. 150 regular HCV applications mailed out during the month of February, 54 households are out searching for units, 63 applicants are pending documentation or final approval, 1 applicant is pending a hearing, 6 units approved and pending inspection, and 14 pending lease-up. Department Initiatives: In the HCV Program, there are currently 1 ,722 vouchers housed in all its programs. 37 participants are with the Shelter Plus Care Program (S+C), 65 are housed under the Permanent Supportive Housing Program (PSH), 17 are housed under the Emergency Housing Voucher Program (EHV), 133 are housed under the HUD-Veterans Affairs TDDlTTY#: 1-800-545-1833 Ext.919 n "Equai Housing Opportunity t� Housing Choice Voucher Report February 2022 Vn�A" - , i iUi F Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Supportive Housing (VASH) 26 at Waverly Place, 30 are housed at Hildebrandt Park, 8 are housed under the Holy Cross transitions, 12 are housed under the Holy Cross Rapid Rehousing (HCRR), 46 are housed under the Holy Cross Permanent Supportive Housing (HCPSH) and 1,348 are housed under the Housing Choice Voucher Program. Voucher Utilization January Voucher Program Total Units 1,863 January Traditional HCV Utilization 1481 January % Utilized Units 79% February Voucher Program Total Units 1,863 February Traditional HCV Utilization 1481 February % Utilized Units 79% Voucher Disbursement HUD January HAP Disbursement $895,656 LHC January HAP/UAP Disbursement $869,694 % Voucher Funding Utilization 91% HUD February HAP Disbursement $913,838 LHC February HAP/UAP Disbursement $896,329 % Voucher Funding Utilization 98% HUD Held Reserves as of October 2020 $2,678,131 SEMAP Indicators Indicator 1- Selection from the Waiting List This indicator measures whether LHC has written policies in its administrative plan for selecting applicants from the waiting list. This indicator is not scored by PIC but is based on an internal review. LHC is on track to receive all points for this indicator out of a possible 15 as it does have a written policy. Waiting List PIC Scoring Internal Scoring N/A 15 TDDn7Y#: 1-800-545-1833 Ext.919 n "Equal Housing Opportunity"® Housing Choice Voucher Report February 2022 :D : : U W Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Indicator 2- Rent Reasonableness LHC has a method for determining the rent (for each unit leased) is reasonable based on current rents charged for comparable unassisted units. LHC reviewed rent reasonable for the fiscal year 2022. This indicator is not scored by PIC but based. on an internal review. LHC will self-score 20 points for this indicator our of a possible 20. Rent Reasonableness PIC Scoring Internal Scoring N/A 20 Indicator 3- Determination of Adjusted Income This indicator measures if, at the time of admission and reexamination, LHC verifies and correctly determines adjusted annual income for each assisted family, and if LHC uses the appropriate utility allowance(s). This indicator is not scored in PIC but is based on an internal review and scoring. LHC completed 8 file audits with a requirement of 26 to be reviewed for scoring purposes. Therefore, LHC will self-score 20 points out of 20 for the fiscal year ending June 2022. Adjusted Income PIC Scoring Internal Scoring N/A 20 Indicator 4- Utility Allowance The new Utility Allowances were approved and are effective 12/01/2021. This indicator is not scored through PIC but is based on an internal review. Based on the internal review, LHC would receive five (5) of the possible five (5) points for this indicator by the end of the fiscal year. Utility Allowance PIC Scoring Internal Scoring N/A 5 Indicator 5- HQS Quality Control Inspections The number of Quality Control Inspections needed for the year is 28. During this reporting period zero (0) quality control inspections were conducted. This indictor is not scored by PIC but is based on an internal review. Based on the internal review LHC will self-score a five (5) out of the five (5) possible points. TDDn7Y#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity"Lu" Housing Choice Voucher Report February 2022 Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Quality Control Inspections PIC Scoring Internal Scoring N/A 5 Indicator 6- HQS Enforcement Following each HQS inspection of a unit under contract where the unit fails to meet HQS, any cited life threatening HQS deficiencies are corrected within 24-hours and all other cited HQS deficiencies are corrected within 30 days. If deficiencies are not corrected timely LHC stops (abates) HAP payment or terminates the contract. This indicator is not scored by PIC but is determined from an internal review. LHC's review indicates there were zero (0) 24-hour deficiencies and thirty-three (33) 30-day deficiencies. All corrected, abated, or terminated, as necessary. HQS Enforcement PIC Scoring Internal Scoring N/A 10 Indicator 7- Expanding Housing Opportunities LHC adopted and implemented a written policy to encourage participation by owners of units located outside areas of poverty and minority concentration. This indicator is not scored in PIC but is based on an internal review. As of this reporting period, LHC records this indicator as receiving five (5) of a possible five (5) Housing Opportunities PIC Scoring Internal Scoring N/A 5 Indicator 8- Payment Standards This indicator shows whether LHC has adopted a current payment standard schedule for the voucher program by unit size. During this reporting period, the HCV Payment Standards were increased to 110% of the success rate 50th percentile. The current payment standards have received Board approval. This indicator is not scored by PIC but is based on an internal review. As of this reporting period, LHC records indicate a five (5) out of a possible five (5) points will be received. PIC Scoring Internal Scoring N/A 5 TDD/TTY#:1-800-545-1833 Ext.919 n "Equal Housing Opportunity" Housing Choice Voucher Report February 2022 -,6JANY.�'�x.:�,. ii , : i FLiiitr Lansing Housing COMMISSION 419 Cherry St.. Lansing. MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Indicator 9- Annual Reexamination This indicator is used to determine if LHC has completed a reexamination for each participating family at least every 12 months. As of February 28, 2022, the reporting rate is 99%. Based on PIC, LHC records this indicator as 10 of a possible 10 points. Annual Reexaminations PIC Scoring Internal Scoring 10 10 Indicator 10- Correct Tenant Rent Calculation This indicator shows if LHC correctly calculates tenants' rent and the family share of the rent to the owner in the voucher program. As of this reporting period, PIC records indicate LHC will receive 100%. According to PIC records there are no tenant rent calculation discrepancies to report. Based on PIC, LHC records this indicator as receiving five (5) of a possible five (5) points. Correct Tenant Rent PIC Scoring Internal Scoring 5 5 Indicator 11- Pre-Contract HQS Inspections This indicator shows if newly leased units pass HQS inspection on or before the beginning date of the assisted lease and HAP contract. As of this reporting period, PIC recorded this indicator as receiving 100%. Based on PIC LHC would receive five (5) of a possible five (5) points. Pre-Contract HQS PIC Scoring Internal Scoring 5 5 Indicator 12-Inspections This indicator shows if LHC has inspected each unit under contract at least bi-annually. As of this reporting period, PIC recorded this indicator as receiving 99%. Based on PIC LHC would receive 10 of the possible 10 points. Inspections PIC Scoring Internal Scoring 10 10 TDDf-TY#: 1-800-545-1833 Ext. 919 Equal Housing Opportunity" Housing Choice Voucher Report February 2022 �� A Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Indicator 13- Program Utilization The department utilization rate during this reporting period is 79%. In an effort to maximize the number of participants that are housed, the program's utilization rate will continue to be closely monitored without exceeding funding capacity. SEMAP certification requires LHC to report the status of efforts in providing Housing Choice Vouchers and leasing units based on funds awarded by HUD. Program Utilization PIC Scoring Internal Scoring N/A 20 Indicator 14-Family Self Sufficiency As of this reporting period, the Family Self Sufficiency (FSS) Program has 37 mandatory slots, 17 slots/households or (46%) are enrolled. SEMAP certification requires the LHC to report the status of enrollment for the FSS program. Enrollment and Escrow Accounts are documented by Indicator 14. As of this reporting period, LHC would receive five (5) of 10 points. FSS Enrollment PIC Scoring Internal Scoring N/A 5 Currently 50% of the FSS participants enrolled in the program have escrow accounts. The maximum allowable points are five of (10) points. LHC is currently doing an internal rating of five (5) points. Participant's w/ Escrows PIC Scoring Internal Scoring N/A 5 Please note all PIC data is of 2/28/2022. MUM#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity" Housing Choice Voucher Report February 2022 ,A/n-&A�n Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 March 23, 2022 HONORABLE MEMBERS IN SESSION Lansing Housing Commission 419 Cherry St. Lansing Michigan 48933 SUBJECT: February 2022 Asset Management Monthly Report CONTACT PERSON: Doug Fleming Executive Director 517-487-6550 Ext. 111 OVERVIEW: Lansing Housing Commission ("LHC") communities had an overall occupancy rating of 95% (not including the modernization units) at the end of February. LHC Unit Months Leased (UML) was 386 (with units in MOD) or 95% occupancy rate. LHC maintained a 95% occupancy level, which does not meet the 96% recovery plan occupancy goal. Public Housing (PH) Scattered Sites occupancy was 97% at the end of February. There were zero (0) household moved in, zero (0) resident moved out, and zero (0) unit transfers. The total units occupied was 297 which equals 97%. At the end of February, PH scattered sites had a total of 126 open work orders. LaRoy Froh occupancy was 89% at the end of February. There was zero (0) household moved in, zero (0) resident moved out, zero (0) unit transfers. The total units occupied was 89 which equals 89%. At the end of January, LaRoy Froh had a total of 108 open work orders. TDDlTTY#:1-800-545-1833 Ext.919 121 'Equal Housing Opportunity"F& Monthly Asset Management Report February 2022 Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 OCCUPANCY: UML Gross Total Number Occupied 1st (including Move Move Transfer Total Site day of month MOD MOD of Units including Occupancy Ins Outs Units Units MOD units rate) i PH Scattered Sites 306 297 97% 0 0 0 0 LaRoy Froh 100 89 89% 0 0 0 0 Totals 406 386 95% 0 0 0 0 RENT COLLECTION: Site Rent Charged Receivables Total UncollectedCollection Rate PH Scattered Sites $ 4 NA $ NA $ NA TBD LaRoy Froh $ 15,921 $ 17,630 $ 0 111% Totals $ 15,921 $ 17,630 $ 0 186% TDDlrTY#: 1-800-545-1833 Ext.919 n "Equal Housing Opportunity"F& Monthly Asset Management Report February 2022 'A �6 �- � Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 PH Scattered Sites Vacant Unit Status: Address BR Vacate Total Projected Unit turn Comments*Details Date Days Ready Cost needed for Vacancies Vacant Date over 20 days 5018 Starr 5 6-30-21 236 10-27-21 $1200 Carpentry work being assigned for completion 2119 Forest 2 11-30-21 90 1-30-22 Cleaning getting done 5840 Pheasant 3 7-1-21 236 10-22-21 TBD Carpentry work being assigned for completion 4343 Glenburne 2 3-12-21 336 10-27-21 $1250 Applicant assigned 4151 Glenburne 2 9-16-20 481 9-9-21 $1275 Processing/pulling applications 2165 Forest 2 3-2-21 402 10-22-21 $1800 Carpentry work being assigned for completion 124 Howe 4 6-23-21 241 9-15-21 $2250 Complete restoration required 1507 Robertson 3 2-10-21 396 9-11-21 $1675 Move in scheduled for 9- 22-21 636 Hayford 3 6-24-21 223 TBD TBD Getting painted and cleaned LaRoy Froh Vacant Unit Status: Address BR Vacate Total Projected Unit turn Comments*Details Date Days Ready Cost needed for Vacancies Vacate Date over 20 days 2332 Reo 2 3-12-21 351 Completing Rehab 2212 Reo 3 10-22-20 523 2440 Reo 3 11-19-20 485 2508 Reo 3 1 2-10-21 381 2220 Reo 3 4-30-21 304 2520 Reo 2 4-30-21 304 2224 Reo 5 4-28-21 304 2448 Reo 4 4-25-21 308 2536 Reo 2 9-12-21 161 2534 Reo 3 11-19-21 108 2532 Reo 3 11-5-21 114 TDD/TTY#: 1-800-545-1833 Ext.919 Equal Housing Opportunity"® Monthly Asset Management Report February 2022