2018 ANNUAL REPORTGRAND RAPIDS HOUSING COMMISSION

OUR MISSIONThe Grand Rapids Housing Commission provides housing assistance and affordable housing opportunities to lower-income families, the disabled and senior citizens in a manner that is fiscally sound and in ways that support families, neighborhoods and economic self-sufficiency.

HISTORYThe Grand Rapids Housing Commission (GRHC) was established in 1966 to provide affordable housing for low-income residents and to eliminate substandard housing conditions.

Over the years, the Housing Commission has expanded its role in the community, partnering with organizations and individuals to advocate for positive change in local social welfare policy and to offer supportive services families can use to achieve self-sufficiency and a stronger financial future.

Funded primarily through the United States Department of Housing and Urban Development (HUD), the GRHC is independently administered and is governed by a five-member board appointed by the City Manager and approved by the City Commission.

Visit our website: www.grhousing.org

From left: Bobbie Butler, President; Betty Zylstra, Vice President; Angela Bunn, Commissioner; Patrick Miles Sr., Commissioner; Monica Steimle, Commissioner

THE GRAND RAPIDS HOUSING COMMISSION

GRAND RAPIDS HOUSING COMMISSION BOARDS AND COMMITTEES

GRAND RAPIDS CITY OFFICIALSMayor: Rosalynn Bliss City Manager: Mark WashingtonCity Commission:Joseph Jones Ruth Kelly Senita LenearNathanial MoodyJon O’ConnorKurt Reppart

ADAMS PARK HOUSING CORPORATIONVictor Vasquez, PresidentEllen James Daniel Oglesby Betty Zylstra

CRESTON PLAZA GENERAL PARTNERSHIPMelvin FoxEllen James Betty Zylstra

GRAND RAPIDS SCATTERED SITES HOUSING CORPORATIONEllen James, PresidentMelvin Fox Betty Zylstra

HOPE COMMUNITY HOUSING CORPORATIONDouglas Dozeman, PresidentJamie Ladd

LEONARD TERRACE HOUSING CORPORATIONPatrick Miles Sr., President Earl HoltonShelley Wisdom

MOUNT MERCY HOUSING CORPORATION/MOUNT MERCY PHASE I HOUSING CORPORATIONMelvin FoxEllen JamesDaniel OglesbyVictor Vasquez, Jr. Betty Zylstra

RANSOM AVENUE DEVELOPMENT CORPORATIONCharles Carter, PresidentMaureen Slade Monica Steimle

RESIDENT ADVISORY BOARDAngela Bunn, ChairpersonTeresa BoileauMartha DoveKatherine HigginsBarbara JonesJo Ann MorrisLeonard WebsterVirgie Young

A divisive national political climate. Government gridlock and regressive policy proposals that threaten to undermine our nation’s social safety net. These are challenging times, and the Grand Rapids Housing Commission is proud to be among the many local, state and national organizations that uphold shared values and promote the greater good by collaborating to meet the needs of neighborhoods and communities.

Grand Rapids is currently one of the nation’s hottest real estate markets, with escalating home prices, high demand for housing and a very low rental housing vacancy rate. There’s a critical shortage of affordable rental housing in our community; during the past several years, many low-income households have spent hundreds of dollars on rental application fees without ultimately finding a home. During 2018 the GRHC partnered with the City of Grand Rapids to provide dedicated rental readiness services to families seeking to overcome barriers to renting. We have also partnered with local low-income housing developers to support their efforts to increase our community’s affordable rental housing inventory through new development or the rehabilitation of existing housing.

The GRHC was recently awarded federal Low-Income Housing Tax Credits we will leverage to attract the funding that will enable us to build Antoine Court, a new 50-unit development tailored to meet the housing and supportive needs of homeless veterans. Partnerships with the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs, private investors and community health and social services organizations are all critical to the success of this exciting new venture. We are also considering participation in a new HUD “Moving to Work” initiative that affords some flexibility in the administration of Section 8 Housing Choice Vouchers, with the goal of finding new ways to expand access to housing assistance.

In addition to working to ensure greater housing availability, the GRHC is also focused on continuing to provide optimal maintenance at our agency-owned housing developments. We plan to convert our remaining Low-Income Public Housing units to the Section 8 Project-Based program, which will make it possible for us to attract private investment in support of critical maintenance needs. We anticipate that all of our properties will complete the conversion process during the year ahead.

Now more than ever we are grateful to the organizations and volunteers who partner with us to bring quality affordable housing and supportive services to the low-income households we serve. The partnerships we have forged are empowering us to ensure that a robust local housing market doesn’t negatively impact families that continue to struggle to make ends meet. I am sincerely thankful to our Housing Commissioners and staff, the Mayor and the Grand Rapids City Commission, and to all of our local, state and national partners for continuing to work with us to promote housing opportunity and equity in our community. Thank you!

Carlos A. SanchezExecutive Director

PARTNERSHIPS PROMOTE HOUSING ACCESS & OPTIONS

The Rental Assistance Center is located within the Campau Commons Community Center at 821 South Division Avenue.

During 2018 the Grand Rapids Housing Commission (GRHC) partnered with the City of Grand Rapids to offer low-income residents a Rental Assistance Center that provides free rental readiness services to households that have had a rental housing application denied by the property owner. Administered by the GRHC and funded by the City, the Center is located within the Community Center at Campau Commons Apartments, 821 South Division Avenue.

Rental Assistance Center program participants work with a GRHC social worker to assess barriers to successful tenancy and are referred to educational and employment resources that can address such issues as poor credit or landlord references, insufficient income or criminal history. Participants “graduate” with a portfolio of the documents needed to complete rental applications as well as a rental readiness certificate that can give them an edge in a competitive marketplace. The Rental Assistance Center also serves as a clearinghouse for rental property owners seeking qualified tenants and supports compliance with the 2018 City of Grand Rapids ordinance related to residential rental application fees. During the first three months of the Rental Assistance Center’s operation, GRHC social work professionals worked with 218 applicants; 61 percent of these were experiencing homelessness, the majority living “doubled up” with friends or family. Sixty percent of households had employment income, and the majority—67 percent —had completed high school. Housing barriers addressed included prior evictions, a low credit score, low income or criminal record; 24 percent of participants had no identified barriers to renting, yet still struggled to find housing.

More information about the Rental Assistance Center is available online at www.RentReadyGR.org.

Development for Veterans PlannedThe GRHC has been awarded $1.4 million in federal Low-Income Housing Tax Credits (LIHTC) which will be leveraged to fund the construction of Antoine Court, a $13.5 million Section 8 Project-Based program development tailored to meet the housing and supportive needs of homeless veterans.

The site for the 50-unit development is Division Avenue between Antoine Street SW and Delaware Street SW. The GRHC has been awarded 22 HUD-Veterans Affairs Supportive Housing (HUD-VASH) Vouchers and will provide an additional 28 Project-Based Vouchers for the planned development.

Section 8 Project-Based Program Supports Affordable DevelopmentsTo help address our community’s housing needs, the GRHC is supporting the LIHTC applications of non-profit community partners by providing Section 8 Project-Based Vouchers that are helping them obtain private financing for the construction of affordable rental housing. Seventy-one vouchers are supporting applications that will make a total of 351 affordable housing units available.

We are pleased to partner with Genesis Non-Profit Housing Corporation, the Inner City Christian Federation, Dwelling Place and LINC Community Revitalization to bring new housing options to West Michigan.

During the past year the GRHC Section 8 program gained 77 vouchers, bringing the total number of households served through this program to 3,459. Section 8 provides a rental subsidy to low-income households.

Mainstream ProgramThe GRHC has been awarded a $344,507 HUD grant to fund 55 rental subsidies administered through the federal Mainstream Voucher program. Mainstream Vouchers support the housing needs of non-elderly people who have disabilities and are particularly targeted to those who are transitioning out of institutional settings, at serious risk of institutionalization, homeless, or at risk of becoming homeless; HUD defines “non-elderly” as under age 62.

In addition to a rental housing subsidy, the Mainstream program provides supportive services coordinated by our on-staff social work professionals in collaboration with The Salvation Army, Disability Advocates, local hospitals and nursing homes, and other community partner organizations that serve people who have disabilities.

HUD-VASH ProgramThe GRHC has been awarded a $105,705 HUD-Veterans Affairs Supportive Housing (HUD-VASH) grant that is funding 22 rental subsidies in support of veterans experiencing homelessness or at risk for homelessness.

Referrals to the HUD-VASH program are made through the VA Medical Center in Battle Creek. GRHC Resident Services staff work with the VA Medical Center as well as local VA clinics and social services agencies to help the veterans served through the program access community resources that support their long-term well-being and housing stability.

With the goal of enhancing our HUD-VASH program, the GRHC applied for and was recently awarded $1.4 million in federal Low-Income Housing Tax Credits which will be leveraged to fund the construction of Antoine Court, a 50-unit Section 8 Project-Based program development tailored to meet the housing and supportive needs of homeless veterans. The site for the

planned $13.5 million development is Antoine Street SW at Delaware Street SW. We anticipate that construction will get underway later this year and that this important new project will be completed in early 2021.

Housing Choice Voucher ProgramThe GRHC opened our Section 8 Housing Choice Voucher program waiting list for two weeks during November 2018. Five thousand Kent County households were chosen by computerized random lottery from among the more than 6,000 households that applied; those applicants were added to the waiting list and will be served as vouchers become available. Veterans of the U.S. Armed Forces will be the first served as required by our Section 8 policy.

Section 8 Homeownership ProgramFive Section 8 recipients purchased a home through the Section 8 Homeownership program during 2018, using their federal subsidy toward home mortgage payments rather than for rental housing. Sixty-six Section 8 recipients have become home owners since the program’s inception in 2002.

SECTION 8 PROGRAM HIGHLIGHTS

FAMILY SELF-SUFFICIENCY PROGRAM HIGHLIGHTSFamily Self-Sufficiency Program Coordinating Committee

Vanessa Amon, West Michigan WorksDeborah Conley, Michigan Family ResourcesYolanda Duncan, Grand Rapids Community CollegeJohn Gill, West Michigan WorksStephanie Gingerich, LINC Community RevitalizationPamela Houtteman, Goodwill IndustriesKathleen Papke, U.S. Department of Veterans AffairsSamantha Rose, U.S. Department of Veterans AffairsKathleen Russo, Chemical BankMegan Seely, Goodwill IndustriesBerniz Terpstra, Inner City Christian Federation

Grand Rapids Housing Commission RepresentativesFelicia Clay, Resident Services ManagerLaura Oesch, Lead Resident Services SpecialistLena Agnew, Resident Services SpecialistTrenessa Allen, Resident Services SpecialistWanda Couch, Resident Services SpecialistMaria Lara, Resident Services Specialist

Wyoming Housing Commission RepresentativesRebeca Venema, Executive DirectorMyra Iacovoni, FSS/Section 8 CoordinatorKimberly Ross-Brown, FSS/Section 8 Coordinator

Kent County Community Action RepresentativesNoelia Garcia, FSS/Section 8 CoordinatorEmily Stroka, FSS/Section 8 Coordinator

2018 FSS Program Statistical Highlights• 418participatinghouseholds• 36programgraduates

• Totalescrowawardedtograduates:$412,335• Average2018escrowaward:$11,454

The Family Self-Sufficiency (FSS) program offers GRHC program participants an opportunity to accrue funds in an escrow account when new employment or a job promotion results in higher income and an increase in the household’s share of monthly rent. The HUD-supported program sets aside the amount of any rent increase for the family, with the escrowed funds made available when the head of household completes program requirements; these include maintaining employment and being free of Temporary Assistance for Needy Families (TANF) aid for the last year of participation. Escrow accrues for up to five years.

To help FSS program participants attain their self-sufficiency goals, during 2018 the GRHC’s ongoing “Passport to Success” initiative offered several job fairs that featured on-site interviews as well as employment-related workshops on topics ranging from résumé building and interviewing skills to managing the household budget.

The initiative, which incorporates collaborative efforts between the GRHC, Wyoming Housing Commission and Kent County Community Action, also hosted a series of Section 8 Homeownership program orientation events at Wyoming Public Library. FSS program participants have a preference for this program, which enables Section 8 recipients to use their federal housing subsidy for home mortgage payments rather than rent.

During 2018, 418 households participated in the GRHC’s FSS program. The program celebrated 36 graduates, with an average escrow award of $11,454 and $412,335 in total escrow awarded.

“Passport to Success” Job Fair events offered on-site employment interviews and workshops on a variety of employment-related topics.

AFFORDABLE HOUSING & SERVICES FOR FAMILIES

CAMPAU COMMONS APARTMENTS821 South Division Avenue l 92 unitsSection 8 Project-Based Program l Families, Seniors, Disabled

CRESTON PLAZA APARTMENTS1080 Creston Plaza Drive NE l 100 unitsSection 8 Project-Based Program l Families, Seniors, Disabled

HOPE COMMUNITY 1010 Ionia Avenue SW l 24 unitsRapid Re-Housing Program l Homeless Women and Children

SCATTERED SITES20 duplex units, 22 rent-to-own homes Low-Income Public Housing l Families, Seniors, Disabled

The community centers at Campau Commons Apartments and Creston Plaza Apartments once again hosted the USDA/GRPS “Meet Up and Eat Up” Summer Meals program for children.

Building CommunityThe community centers at Campau Commons Apartments and Creston Plaza Apartments brought residents of the GRHC’s agency-owned family housing developments together for social and recreational opportunities and also offered residents and their neighbors valuable supportive programs, including the USDA/GRPS “Meet Up and Eat Up” summer meal service for children at both developments and free rental readiness counseling at Campau Commons. The Housing Commission is proud to partner with local and national organizations and volunteers to offer these services to our residents and community.

Family Sites Slated for RedevelopmentThe GRHC continues to work toward converting 20 Scattered Sites duplex units from the Low-Income Public Housing program to Section 8 Project-Based housing. Section 8 provides relatively stable funding that makes it possible to attract private investment in affordable housing; this investment will help to ensure optimal maintenance at these developments. Conversion is made possible through the HUD Rental Assistance Demonstration program.

Upon completion of the conversion process later this year, the GRHC plans

to undertake a total of $526,000 in improvements at Scattered Sites units; funding will be provided through HUD Capital Fund program grants.

The Housing Commission is seeking $263,000 in Low-Income Housing Tax Credits which will be leveraged to attract the private investment that will enable us to make $1.2 million in improvements at Hope Community, a 24-unit Rapid Re-Housing facility that serves homeless women and their minor children. Planned improvements to the 29-year-old development include:•Landscaping upgrades•Parking lot and sidewalk repairs• Interior and exterior lighting

improvements•HVAC improvements• Flooring replacement•Roofing and window replacement or

repairs•New kitchen appliances in Service

Center units•Plumbing upgrades in Service Center

units•New kitchen and bath cabinets and

counter tops in duplexes•New interior doors and sliding glass

doors in duplexes•New commercial washers and dryers

in the Service Center•New Service Center security system.

AFFORDABLE HOUSING & SUPPORT FOR SENIORS

ADAMS PARK APARTMENTS1440 Fuller Avenue SE l 188 unitsLow-Income Public HousingAge 62 or older, or disabled

LEONARD TERRACE APARTMENTS1315 Leonard Street NE l 125 unitsSection 8 Project-Based ProgramAge 55 or older

MOUNT MERCY APARTMENTS1425 Bridge Street NW l 180 unitsSection 8 Project-Based ProgramAge 55 or older

RANSOM TOWER APARTMENTS50 Ransom Avenue NE l 153 unitsSection 8 New ConstructionAge 62 or older

SHELDON APARTMENTS1010 Sheldon Avenue SE l 45 unitsSection 8 Project-Based ProgramAge 55 or older

During 2018 residents of the GRHC’s agency-owned retirement developments benefited from an expansion of the supportive services that help seniors and people who have disabilities maintain independence and age in place.

Longstanding partnerships with the nursing programs at Grand Valley State University (GVSU), Aquinas College, Calvin College and the University of Detroit Mercy continue to provide consistent, comprehensive on-site health education and screening to residents of our senior housing communities. In addition, an award-winning collaboration with the GVSU Kirkhof College of Nursing has evolved to include an on-site health clinic at Mount Mercy Apartments.

Funded through a $493,000 grant awarded to GVSU by the Michigan Health Endowment Fund, services at the new GVSU Health Center are spearheaded by a nurse practitioner and are overseen by a medical doctor. Residents receive coordinated care offered through teams that include GVSU nursing faculty and students as well as faculty and students from physical

therapy, occupational therapy, clinical dietetics and social work disciplines.

2018 also saw the expansion of our partnership with Meals On Wheels of Western Michigan and the addition of a new on-site Dining Center at Ransom Tower Apartments. Similar to the cafés already operating at Mount Mercy Apartments and Leonard Terrace Apartments, the new center offers weekday lunch for a nominal suggested donation; no diner is turned away for lack of ability to pay.

In addition to offering tasty hot meals, the Meals On Wheels Dining Centers provide wonderful opportunities for seniors to connect with their neighbors, either while enjoying lunch or by volunteering to help with meal service.

Adams Park Renovations PlannedThe Housing Commission continues to work with the HUD Rental Assistance Demonstration program to convert the 188 units at Adams Park Apartments from the Low-Income Public Housing program to Section 8 Project-Based housing. When

the conversion is completed, the GRHC will be able to obtain private financing for a major revitalization project at the development, which serves ages 62 and older and people who have disabilities.

The GRHC is seeking $1.07 million in federal Low-Income Housing Tax Credits that will be sold to investors to fund $4.6 million in improvements at Adams Park, including:•Boiler replacement•Trash compactor replacement•Exterior lighting improvements•Grounds improvements•New furniture in the gazebo•Vinyl flooring replacement•Roofing and window replacement or

repairs•New kitchen and bath cabinets and

counter tops.

Community partnerships continue to be the core of the GRHC Resident Services program. Dozens of organizations and volunteers support our eleven full-time social work professionals, joining forces to help families work toward economic self-sufficiency, empower people who have disabilities to live independently and provide resources that make it possible for the elderly to age in place.

Highlights of the past year include...•The opening of a new Meals

On Wheels Dining Center at Ransom Tower Apartments, providing low-cost weekday lunches to residents of the senior development.

•On-site health and resource fairs at GRHC senior developments.

•The continuation of the USDA/GRPS “Meet Up and Eat Up” Summer Meals program at the Campau Commons and Creston Plaza community centers.

•Activities for children and families, including a “What Home Means to Me” poster contest, holiday celebrations and National Book Month story time activities.

• Implementation of a new Rental Assistance Center that provides rental readiness services to low-income Grand Rapids households that have had a rental housing application denied by the property owner.

•The expansion of an award-winning collaboration with the Grand Valley State University (GVSU) Kirkhof College of Nursing to include a new on-site Health Center at Mount Mercy Apartments.

• Senior health education and screening provided by nursing students from GVSU, Aquinas College, University of Detroit Mercy and Calvin College.

• Social events and help accessing community resources facilitated by social work student interns from Calvin College, Cornerstone University, GVSU and Western Michigan University.

• Free on-site senior computer classes provided by Comprenew.

RESIDENT SERVICES PROGRAM HIGHLIGHTS

Volunteers from Bridge Street House of Prayer paint a colorful mural in the computer lab at Mount Mercy Apartments.

COMMUNITY PARTNERS, DONORS & VOLUNTEERSMichigan State University Extension National Heritage AcademiesNational Kidney FoundationNative American Family ServicesNeighbors of Belknap LookoutNew Hope Baptist Church New St. Mark Baptist ChurchNorth End Community MinistryNorthlawn United Methodist ChurchNotions MarketingOakdale Neighbors

Oakdale Park Christian Reformed Church One in Christ Ministries Project Fresh The Salvation Army Samaritas SECOM Seeds of Promise Senior Neighbors Senior Nursing Care Services Senior Sing A-Long Simply a Loving Touch (SALT) Emily Sluiter Speedway St. Alphonsus Church St. John’s United Church of Christ St. Luke A.M.E. Zion Church St. Robert of Newminster Parish Steepletown Neighborhood Services Gary Stowie Temple Emanuel James Trimble Two Men and a Truck United Health Care United Way 2-1-1 Unity Christian High School University of Detroit Mercy Urban League of West Michigan Urban Pharm Richard Vargas Volunteer Management Association of West Michigan Volunteers in Service Maureen Walters West Michigan Works Westminster Presbyterian Church Williamson Employment Women’s Resource Center Paula Woods Wyoming Housing Commission Wyoming Public Schools Xfinity, Hugo Carmona YMCA Martin Zyla Zylstra Medical

Alpha Women’s CenterAqua PerfectionAlcoholics AnonymousArea Agency on Aging of Western MichiganAssociation for the Blind & Visually ImpairedBaby ScholarsAimee BaskovicBaxter Community CenterBaxter Neighborhood AssociationBeckwith Hills Christian Reformed ChurchBerkley Hills ChurchBoston Square Christian Reformed ChurchBridge Street House of PrayerBrookside SERVEBrowning Claytor Health CenterCalvin CollegeCalvin College Department of NursingCampau ConnectionsCampus Elementary SchoolCare ResourcesCINTASCity of Grand RapidsCity of Grand Rapids Mobile GR & Parking ServicesClancy Street MinistriesComcastComprenewCovenant House AcademyRon CusonDeaf & Hard of Hearing ServicesDean TransportationBill & Sandi DeBruynDelaware ManorDepartment of Health & Human Services (DHHS)DHHS/Santa Claus GirlsDisability Advocates of Kent CountyEastersealsEffex Management SolutionsMarcia Everette Express Employment ProfessionalsFamily Outreach CenterFamily PromiseFeed My People MinistryFeeding America West Michigan Food BankFellowship Chapel Kids ClubFifth Third BankFirst Park ChurchFirst United Methodist ChurchForest Hills Presbyterian ChurchForge Industrial StaffingFountain Street ChurchPastor David French

Kurt & Margaret FreundFriends of Grand Rapids ParksFuller Avenue Christian Reformed ChurchGarfield Park Neighborhood AssociationGodwin Heights Public SchoolsMaria GoodfellowGoodwill IndustriesGrace Hill ChurchDr. Meridell GraciasGrand Rapids Fire DepartmentGrand Rapids Police DepartmentGrand Rapids Public LibraryGrand Rapids Public Schools (GRPS)Grand Rapids Red ProjectGrand Rapids Symphony Scorecard ProgramGrand River Aseptic ManufacturingGrand Valley State University (GVSU)GRPS/USDA Summer Meals ProgramGVSU Kirkhof College of NursingHead Start for Kent CountyHispanic Center of West MichiganHome Instead Senior CareHometown PharmacyHurst MechanicalInner City Christian Federation (ICCF)Indian Trails Walmart ShuttleKent County Community ActionKent County Health DepartmentKent District LibraryKent School Services NetworkKentwood Public SchoolsLaGrave Avenue Christian Reformed ChurchLife EMSLINC Community RevitalizationMainstreet AssociationMaking Choices MichiganManpowerPastor Ron MarckiniMeals On Wheels of Western MichiganMeridian HealthMichigan Dept. of Health & Human ServicesMOKA

FINANCIAL HIGHLIGHTS: STATEMENT OF NET ASSETSFiscal year ended June 30, 2018

Current assets:

Cash and cash equivalents ................................. 2,541,354

Receivables, net ....................................................... 343,062

Due from partnerships ....................................... 1,842,453

Total current assets ..................................................... 4,726,869

Noncurrent assets:

Restricted cash and cash equivalents ............... 2,972,839

Capital assets

Not subject to depreciation .......................... 320,304

Assets subject to depreciation .................. 12,393,175

Capital assets, net ............................................... 12,713,479

Accrued interest receivable ................................ 3,493,689

Notes receivable - related party.......................... 6,085,741

Total noncurrent assets ............................................ 25,265,748

Total assets .................................................................. 29,992,617

Deferred outflows of resources ....................................... 79,764

Current liabilities:

Accounts payable .......................................................... 150,087

Security deposit liability ............................................. 156,793

PILOT payable ................................................................ 78,730

Due to other governmental units ................................ 23,966

Accrued liabilities and other ...................................... 108,583

FSS escrow payable....................................................... 641,369

Loans and notes payable - current portion .............. 342,532

Unearned revenue .......................................................... 25,088

Total current liabilities ..................................................... 1,527,148

Noncurrent liabilities:

Compensated absences ................................................ 231,964

Net pension liability ..................................................... 689,459

Net OPEB liability ........................................................ 472,395

Loans and notes payable, net of current portion 8,306,258

Total noncurrent liabilities .............................................. 9,700,076

Total liabilities ................................................................. 11,227,224

Deferred inflows of resources .............................................. 31,362

Net assets:

Invested in capital assets, net of related debt ....... 4,064,689

Restricted .................................................................... 2,707,207

Unrestricted ............................................................ 12,041,899

Total net assets ................................................................. 18,813,795

FINANCIAL HIGHLIGHTS: STATEMENT OF REVENUE & EXPENSEFiscal year ended June 30, 2018

Operating revenues:

Tenant revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,965,990

Government operating grants . . . . . . . . . . . . . . . . . . . . 25,284,229

Other revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 594,463

Total operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,844,682

Operating expenses:

Administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,621,002

Management fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,055

Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 906,910

Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,132,838

General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 299,104

Housing assistance payment . . . . . . . . . . . . . . . . . . . . . . 19,792,312

Total operating expenses before depreciation . . . . . . . . . . . . 26,769,221

Operating income before depreciation . . . . . . . . . . . . . . . . . . . 1,075,461

Nonoperating revenues (expenses):

Interest and investment revenue . . . . . . . . . . . . . . . . . . . . . 353,708

Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (362,303)

Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (145,965)

Net nonoperating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . (154,560)

Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 958,040

Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (37,139)

Operating Revenues

Government Operating Grants

Tenant Revenue

Other Revenue

Operating Expenses

Housing Assistance Payments

Administrative Costs

Maintenance

Utilities

General Costs

Management Fees

GRAND RAPIDS HOUSING COMMISSION PROGRAM SUMMARYSection 8 Voucher ProgramS3,459 units, rental subsidy for low-income households renting privately owned property in Greater Grand Rapids.Housing Choice Voucher Program:

The primary federal Section 8 programMainstream Program: Rental subsidy for very low-income

people who have disabilitiesHUD-Veterans Affairs Supportive Housing (HUD-VASH)

Combines rental assistance with case management and clinical services provided by the U.S. Department of Veterans Affairs

Section 8 Project-BaSed Program613 units, rental subsidy is assigned to specific units within a building or to an entire building.Campau Commons Apartments: Families, Seniors, DisabledCreston Plaza Apartments: Families, Seniors, DisabledLeonard Terrace Apartments: SeniorsMount Mercy Apartments: SeniorsSheldon Apartments: Seniors, DisabledHeron Manor Apartments: SeniorsOroiquis Apartments, Heron Court: Disabled St. James Apartments: Special Needs

Section 8 moderate rehaBilitation102 units, subsidizes tenant rents in apartment buildings renovated by private developers. Calumet FlatsVerne Barry Place

Section 8 new conStruction153 units, rental subsidy program that encouraged developers to construct new rental housing for low-income families. Ransom Tower Apartments: Seniors

SuPPortiVe ProgramS for Section 8 Program ParticiPantSFamily Self-Sufficiency Program: Offers Section 8 residents the

opportunity to accrue funds in an escrow account as they become employed and advance in the workplace.

Section 8 Homeownership Program: Qualified Section 8 recipients use their rental subsidy toward home mortgage payments.

low-income houSing tax creditS441 units. Tax credits give investors an economic incentive to invest in affordable housing.Campau Commons Apartments: Families, Seniors, DisabledCreston Plaza Apartments: Families, Seniors, DisabledMount Mercy Apartments: SeniorsSheldon Apartments: SeniorsHope Community Rapid Re-Housing Program: Homeless

Women and Children

raPid re-houSing Program24 units. The GRHC receives HUD and Continuum of Care grants to fund on-site case management services for residents of Hope Community.

rental aSSiStance demonStration Program/PuBlic houSing 302 units. Apartments and single-family homes for low-income households.Adams Park Apartments*: Disabled, SeniorsCampau Commons Apartments: Families, Seniors, DisabledCreston Plaza Apartments: Families, Seniors, DisabledScattered Sites*: The GRHC makes a limited number of duplex

units and single-family, rent-to-own homes available to eligible low-income families. Twenty-two single-family Scattered Sites units will be administered under a Section 5(h) Homeownership program or Section 18 program that’s currently under development.

*Adams Park and 20 Scattered Sites duplex units will be converted from the Low-Income Public Housing program to Section 8 Project-Based program housing through the HUD Rental Assistance Demonstration program.

SuPPortiVe ProgramS for PuBlic houSing reSidentSSection 5(h) Homeownership Program, currently in

development: Eligible families rent a home through our Scattered Sites housing program with the option to buy the home.

Family Self-Sufficiency Program: Offers Public Housing program participants the opportunity to accrue funds in an escrow account as they become employed and advance in the workplace.

U.S. DEPARTMENT OF HUD GRANT AWARDSCapital Fund Program FFY 2019: $430,175 l FFY 2018: $413,543 l FY 2017: $360,742 FFY 2016: $377,190 l FFY 2015: $376,679

Operating Fund Program FFY 2018: $639,690

Section 8 Housing Choice Voucher Program FFY 2018: $22,348,910

Resident Opportunity & Self-Sufficiency - Family Self-Sufficiency Program FFY 2018: $334,669

Section 8 Moderate Rehabilitation Program FFY 2018, Verne Barry Place: $514,189 FFY 2018, Calumet Flats: $83,989

Section 8 Project-Based Program FFY 2018, Ransom Tower Apartments: $929,749

Supportive Housing Grant FFY 2018, Hope Community Rapid Re-Housing Program: $159,663

Section 8 Mainstream Program FFY 2019: $344,507

HUD-Veterans Affairs Supportive Housing Program FFY 2019: $105,705

JEAN McKEE RESIDENT SCHOLARSHIP PROGRAMEach year the GRHC awards college scholarships to deserving college-bound residents of our affordable housing programs. Winners receive $500 each year for up to four years for a total scholarship award of up to $2,000.

The scholarship program was established in memory of Jean McKee, a local attorney, former teacher and longtime champion of education who served on the Housing Commission from 1985 until her death in 1999.

Congratulations to the scholarship winners for the 2018-2019 academic year:•Kenia Veras is a Wyoming High School graduate;

she is exploring social science careers at Michigan State University.

• Selena Corona is a graduate of Innovation Central High School. She is a Pre-Nursing major at Western Michigan University.

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