The Department of Commerce must use at least 90 percent of a housing account’s money for grants that cover upkeep and, in some supportive housing, resident services.
The Department of Commerce must use at least 90 percent of this account’s money for grants that help qualifying housing projects pay upkeep and, for permanent supportive housing, resident services.
For these grants, the department cannot set an overhead cap below 15 percent of the grant and must seek to support continued operations at existing projects.
Grantees must keep records for expenses over $50, but the department may require them before approving reimbursement only for cause or an audit.
The Department of Commerce must use at least 90 percent of the affordable housing for all account money for grants. The rules cover housing in the state housing trust fund portfolio and qualifying permanent supportive housing projects. The grants may cover upkeep for housing trust fund projects affordable to extremely low-income households when they move in. For permanent supportive housing, grants may also cover services and upkeep if the project has received or will receive public capital funding and serves extremely low-income households when they move in. Income eligibility is measured at move-in.
The Department of Commerce may not set an overhead-cost cap below 15 percent of a grant. This applies to grants for housing projects funded through the affordable housing for all account. When awarding these grants, the department must seek to support continued operations at existing projects, including by keeping renewal grants high enough for ongoing costs.
Grantees must keep records for expenses over $50. This applies to grantees receiving funds from the affordable housing for all account. The department may require expense records before approving reimbursement only for cause or an audit.
No hearings or votes scheduled.