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4 <br />What are the reporting requirements for the funds? <br />Beginning in 2025, housing aid recipients must submit a report to Minnesota Housing every year by <br />December 1. <br />The report must include documentation (see subd. 6(b)) of: <br />• Qualifying projects completed or planned with the funds <br />• Location of unspent funds <br />• Inability to spend on a qualifying project prior to the deadline (if funds deposited into a local <br />housing trust fund) <br />• Accessibility requirements (for project of four or more units) <br />• Relevant resolution and certifications for market rate developments in non-metropolitan <br />communities <br />Additional guidance on the report’s format will be provided in the future. <br />Do metropolitan counties need to submit a report for LAHA and one for SAHA? <br />Minnesota Housing is determining if the reports must remain separate. However, if they do, the report <br />format will be the same or substantially similar for LAHA and SAHA. <br />What happens if a city, county or Tribal Nation does not submit a report or does not spend <br />the funds? <br />Reports are due by December 1 every year. The first report is due on December 1, 2025. <br />If the aid recipient fails to submit a report, does not spend funds during the required timeframe, or <br />spends funds on an ineligible project, they must repay the funds. Revenue may also suspend payments <br />to these entities. <br />Find details on LAHA timelines (see subd. 6) and SAHA timelines (see subd. 6). <br />What happens to the aid funds if they are returned or recaptured? <br />If returned, aid funds would be deposited with one or more of Minnesota Housing’s programs. This <br />includes Family Homeless Prevention and Assistance Program (FHPAP), the Economic Development <br />and Housing Challenge Program (Challenge), and the Workforce and Affordable Homeownership <br />Development Program as specified in law. <br />Page 20 of 27