Housing Commission

Housing Commission Meeting City Hall - Council Chambers February 4, 2026 6:30 PM Agenda PUBLIC NOTICE In accordance with the Statutes of the State of Illinois and the Ordinances of the City of Highland Park, the next regular meeting of the City of Highland Park Housing Commission, the Peers Housing Association, Ravinia Housing Association, and Sunset Woods Association is scheduled to be held at the hour of 6:30 PM on Wednesday, February 4, 2026 and will take place at City Hall, Pres-Session Conference Room, 1707 St Johns Avenue, Highland Park, Illinois. Individuals with questions or feedback about an agenda item can address the Commission in the following ways: 1. Emails for the Record. Email Planner Zubin Coleman, the Housing Commission staff liaison. If you wish to have your comments read into the record, limit your communication to 200 words or less. Public comments received by 4:30 PM the day of the meeting will be read under Business from the Public. All emails received will be acknowledged at the meeting. Public comments should contain the following information:In the subject line, identify, “Housing Commission Meeting – Read into the Record” HOUSING COMMISSION MEETING IS CANCELLED TONIGHT, FEBRUARY 4, 2026 DUE TO A FAILURE TO ESTABLISH A QUORUM • Name • City • Address (optional) Page 1 of 76  • Phone (optional) • Organization, agency representing, if applicable. • Topic or agenda item number of interest 1. Emails with Unlimited Information. Individuals who do not wish to have their comments read into the record can email Senior Planner Zubin Coleman an unlimited number of words. Emails will be forwarded to the Housing Commission if requested. 2. Telephone. Individuals with no access to email may leave a message with Planner Zubin Coleman at 847.926.1853. 3. Live Comments. Individuals are able to address the Commission during the meeting. Questions/comments are limited to written testimony into the record or spoken comments, not both. Business from the Public is only listed on the Housing Commission Meeting Agenda. Comments should be limited to three minutes or less. The City encourages individuals to sign-up for its enews for important information from the City and its government partners. The City updates its website and social media daily. To sign-up for the enews, visit www.cityhpil.com. The City, in compliance with the Americans with Disabilities Act, requests that persons with disabilities who require certain accommodations to allow them to observe and/or participate in this hearing, or who have questions about the accessibility of the meeting facilities, email the City’s ADA coordinator Emily Taub or call at 847.926.1005 I. Call to Order II. Roll Call III. Business from the Public (Individuals wishing to be heard regarding items not listed on this agenda) IV. Approval of Minutes A. January 7, 2026 Regular Meeting Minutes V. Scheduled Business A. Items for Omnibus Vote Consideration • Payment of Invoices • Ratification of Payments B. Peers, Ravinia, Sunset Woods Associations, and HTF • Consideration of ERES Management Report and Financials • Sunset Woods Financials • Housing Trust Fund (HTF) Financials Page 2 of 76  • Other Association Business VI. Old Business A. Peers – House Rule Change to Consider No-Smoking Policy Change (tabled from Dec. mtg) VII. New Business A. Sunset Woods Mortgage Loan - Refinance Options B. Resolution Approving 2026 CPAH Scattered Site Grant Agreement C. Resolution Approving 2026 CPAH Operating Grant Agreement VIII. Other Business A. Next Housing Commission Meeting, Wednesday, March 4, 2026 IX. Adjournment Page 3 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS MEETING DATE: Wednesday, January 7, 2026 MEETING LOCATION: Council Chambers, City Hall, 1707 St. Johns Avenue, Highland Park, IL CALL TO ORDER At 6:31 p.m., Chairperson Fernandez Sykes called an on-site meeting of the Highland Park Housing Commission, Peers Housing Association, Ravinia Housing Association, and the Sunset Woods Association to order. Each of the Commissioners also serves as Directors of each of the Housing Associations. Public comments may be emailed to city@hpil.com or phoned into at 847.432.0867. The City web site is www.cityhpil.com. Staff was asked to call the roll. ROLL CALL Commissioners Present: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Commissioners Absent: Beasley & Rosen Councilmember Present: Tapia Student Council Present: Posner Staff declared that a quorum was present. Staff Present: Coleman & Markle Guests Present: Irina Leykin, Regional Property Manager/ERES Rob Anthony, President/CPAH Others Present: Gale Cerabona, Recorder BUSINESS FROM THE PUBLIC There was no Business from the Public. APPROVAL OF MINUTES Regular Meeting of the Housing Commission – December 3, 2025 Commissioner Shapiro Kopin moved to approve the December 3, 2025, regular meeting minutes as amended. Commissioner Farris seconded the motion. On a voice vote: Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Chairperson Fernandez Sykes declared that the motion passed unanimously. Page 1 Housing Commission January 7, 2026 Page 4 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS SCHEDULED BUSINESS 1. Items for Omnibus Vote Consideration • Payment of Invoices • Ratification of Payments Senior Planner Coleman advised there is nothing outstanding. 2. Peers, Ravinia, Sunset Woods Associations, & Housing Trust Fund • Consideration of ERES Management Report and Financials Senior Planner Coleman advised there is nothing outstanding. • Sunset Woods Financials Commissioner Shapiro Kopin asked about the registry of payments on Page 33 regarding a loan payment not clearing. Senior Planner Coleman said the Controller is looking into this. • Housing Trust Fund (HTF) Financials Senior Planner Coleman advised there is nothing outstanding. • Other Association Business o Request for Approval of Quote for Peers’ Pipe Replacements Senior Planner Coleman referred to the quote on pipe replacements. He shared that Evergreen recommends approving the Kelsey Mechanical quote for $26,000+. Ms. Leykin said this company is a repeat vendor and would do a good job. She expounded. A request for reimbursement would not occur. Some HC comments are….. • Commissioner Adland asked if this would happen frequently. Ms. Leykin noted the pipes are old and cast iron. Damaged parts were replaced on one wing. Replacement will occur on the other wing. She indicated other treatments were exhausted. • Commissioner Rachman asked, and Ms. Leykin explained the line is jetted quarterly. Commissioner Farris moved to approve the quote for Kelsey Mechanical. Commissioner Rachman seconded the motion. On a roll call vote: Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Senior Planner Coleman declared that the motion passed unanimously. OLD BUSINESS Page 2 Housing Commission January 7, 2026 Page 5 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS 1. Housing Association Fund Accounts & Consideration Senior Planner Coleman referred to his memo, and noted one CD account matures today with a 1-day grace period. He shared that all accounts yield low interest. Attachment A notes the interest rates. The recommendation is to go with an account yielding 3%. The HC can approve a 6-month CD. In 2027, roof repairs, etc. will take place. Some HC comments are….. • Commissioner Rachman said he is in favor. • Commissioner Adland asked if there could be another account type than a CD. Senior Planner Coleman stated there is experience with CDs, and it is believed to be the best option. He expounded on past consideration of a Low-Income Housing Tax Credit/LIHTC, etc. He noted a bank representative could attend the next HC meeting to share suggestions on where to invest monies. Commissioner Shapiro Kopin moved to direct Staff to close the Peers #6619 CD account, invest in a new 6-month CD, investigate options for account #4382 to be moved into a MaxSafe CD, as well as direct Staff to move the Ravinia account #1291 into a money market account at Highland Park Bank. Commissioner Farris seconded the motion. On a roll call vote: Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Senior Planner Coleman declared that the motion passed unanimously. NEW BUSINESS 1. 2025 CPAH Scattered Site Grant Drawdown Request #1 – 661 Homewood Avenue 2. 2025 CPAH Scattered Site Grant Drawdown Request #2 – 1342 Ferndale Avenue Senior Planner Coleman introduced Mr. Anthony and explained what CPAH does. Mr. Anthony advised the above two homes have been completed. One was sold, and the other is for sale with a likely buyer. He expounded on the family who purchased the home in December, 2025. Mr. Anthony reminded tours can be given to HC Commissioners following home rehabilitations. Commissioner Farris moved to approve the CPAH Scattered Site Grant Drawdown Request #1 for 661 Homewood Avenue. Commissioner Shapiro Kopin seconded the motion. On a roll call vote: Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Chairperson Fernandez Sykes declared that the motion passed unanimously. Commissioner Farris moved to approve the CPAH Scattered Site Grant Drawdown Request #2 for 1342 Ferndale Avenue. Commissioner Shapiro Kopin seconded the motion. Page 3 Housing Commission January 7, 2026 Page 6 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS On a roll call vote: Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Chairperson Fernandez Sykes declared that the motion passed unanimously. 3. 2025 CPAH Operating Grant Drawdown Request #4 Mr. Anthony said the Operating Grant Drawdown Request #4 will be completed by the end of January, 2026. He updated the HC: • there was a resale at 757 Barberry Road • the Betsy Lassar Place, 8-unit townhome development, is slated for completion by year-end. • there are 696 households on the wait list. Occupancy is at 100%. All typical services are still being provided. Commissioner Shapiro Kopin recalled there were 1,000 households on the wait list. She asked if CPAH reviews that wait list annually. Mr. Anthony said yes, so the list remains current. Commissioner Farris moved to approve the CPAH Operating Grant Drawdown Request #4. Commissioner Shapiro Kopin seconded the motion. On a roll call vote: Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Chairperson Fernandez Sykes declared that the motion passed unanimously. OTHER BUSINESS 1. Introduction – New Commissioner, Josh Adland Chairperson Fernandez Sykes introduced new Commissioner, Josh Adland, who provided a brief background. He just moved to Highland Park from Chicago, is in the medical technology field, and appreciates the opportunity to work with the HC. Chairperson Fernandez Sykes welcomed Mr. Adland. 2. Introduction – New Commissioner, Stephen Rachman New Commissioner, Steve Rachman, introduced himself and stated he went to Highland Park High School, has lived in Highland Park for 30 years, and is a managing broker. He disclosed he sits on a Board with the President of Evergreen and conducts no business with them. Chairperson Fernandez Sykes welcomed Mr. Rachman. Senior Planner Coleman said he looks forward to working with both new Commissioners. 3. Next Housing Commission Meeting, Wednesday, February 4, 2026 The next HC Meeting is scheduled for Wednesday, February 4, 2026. ADJOURNMENT Page 4 Housing Commission January 7, 2026 Page 7 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS Commissioner Rachman moved to adjourn at 7:06 p.m. Commissioner Shapiro Kopin seconded the motion. On a roll call vote Voting Yea: Chairperson Fernandez Sykes; Commissioners Adland, Farris, Rachman, & Shapiro Kopin Voting Nay: None Chairperson Fernandez Sykes declared that the motion passed unanimously. Respectfully Submitted, Gale Cerabona Recorder MINUTES OF A REGULAR MEETING ON DECEMBER 3, 2025, WERE APPROVED WITHOUT CORRECTIONS. Page 5 Housing Commission January 7, 2026 Page 8 of 76  MEMORANDUM TO: Highland Park Housing Commission FROM: Irina Leykin and Harold Eich RE: January 2026 Management Report and December 2025 Financials DATE: January 30, 2026 FRANK B. PEERS Operations • Management has initiated preparations for the pipe replacement project. These preliminary steps are necessary to ensure the safety of residents and to reduce disruption during construction. • Management actively reviews electricity and gas provider programs to pursue eligible incentives for common-area lighting upgrades and partial reimbursements related to the replacement of outdated refrigerators. • The property ended the year with positive NOI. Cash flow improved steadily, and NOI exceeded budget due to savings from the phone/internet provider replacement. Occupancy • At present, there is one vacant unit. Financial • Net Operating Income (NOI) in December was negative to budget by ($4,096) MTD and YTD NOI was positive to budget by $24,168. Cash carry over was at $1,364,482.03. Debt Service Coverage Ratio for December was 2.03. Income • Income was positive to budget MTD by $702 and negative ($3,984) YTD. Expense • Expense line items which were significantly over budget (more than $1,000 YTD) include: o Vacancy loss – YTD due to a high (5 units) turnover rate. o Legal expense – YTD variance due to Union complaint for the previous periods when the property didn’t have maintenance. Fees were still due to the Union. o Bad debts – YTD variance due to former tenant balance write off. o Temp maintenance contractor –YTD variance due to employing temporary maintenance while staff is on leave from May until August. The account is partially offset by positive variance in Repairs payroll account. o Union benefits – YTD variance due to 2024 fees paid in 2025. o Miscellaneous repair contractors –YTD variance due to irrigation repairs and 2024 invoice for preventative maintenance of entrance system. 566 Lake Street, Suite 400 Phone: 312-234-9400 Chicago, IL 60661 Fax: 312-382-3220 Page 9 of 76  Page 2 o Security Contractor - Variance due to FireWatch service expenses while the fire panel was disabled. o Repair and Maintenance Supplies – MTD and YTD variance due to replacement of faucets, cartridges revealed during internal inspection. The account is offset by positive variance in Plumbing account as most works are completed in-house. o HVAC – YTD variance due to major repairs to Boiler#2; frozen pipe repair; replaced fan motor on roof unit; condenser replacement for the elevator cooling system. o Decorating (unit turns) – YTD variance due to more unit turns than budgeted, doors and floorings required replacement, painting. o Carpet and tyle – YTD variance due to 6 units requiring replacement and hallway replacement after water damage. o Property and liability insurance - Wind insurance wasn't part of budget. Wind insurance overlapped with timing from 2024-2025 vs 2025-2026. In 2024-2025 Wind insurance started from October vs in 2025-2026 it started from August 2025. Social Programming • Yoga class on Thursdays. • Social Services Coordinator works 2 days a week to assist residents of Frank B Peers Senior Housing. RAVINIA HOUSING Operations • The property ended the year with negative NOI, and cash flow remained constrained. NOI was primarily impacted by unbudgeted expenses, including lead risk assessment, legal costs, and elevated water bills and repairs related to a plumbing leak. • The HUD REAC inspection is scheduled for Monday, February 2nd. A 100% unit inspection was completed by the on-site team on January 14th, and all identified repairs have been completed. Occupancy • At present, there are no vacant units. Financial • Net Operating Income (NOI) in December was negative to budget by ($2,035) MTD and YTD NOI was negative to budget by ($25,450). Cash carry over was at $16,249. • Debt Service Coverage Ratio for December was 1.80. Income • Income was positive to budget MTD by $495 and negative to budget by ($1,391) YTD. Expense • Expense line items which were significantly over budget (more than $1,000 YTD) include: o Legal expense – YTD due to 2 evictions. Evergreen Real Estate Group Page 10 of 76  Page 3 o Bad debts -write-off of former tenants’ balances. o Consulting/study costs – YTD negative variance due processing invoice for 2024 for Lead risk assessment. o Miscellaneous administrative expenses – YTD hotel charges for relocating a tenant that required replacement of bathtub. o Temp maintenance contractor - YTD variance due to employing temporary maintenance while staff is on leave from May until August. The account is partially offset by positive variance in Repairs payroll account. o Miscellaneous repair contractors –YTD due to lead abatement at St. Johns. o Water – YTD negative variance due to underground water leak at 2755 St. Johns, the property paid water bills until pipe replacement. o Fire services – MTD and YTD negative variance due to panel batteries replacement that was not budgeted. o HVAC – MTD & YTD due to condenser motor replacement and furnace repairs at Pleasant Ave. o Decorating – YTD negative variance due to three unit turns. One unit was budgeted. o Plumbing repairs – YTD negative variance due to laundry drain line being clogged at 747 Pleasant Avenue, pump pit. o Capital expenditures – YTD negative variance due to furnace and pit pumps replacement, fire bots. o Bath rehab – YTD negative variance due to urgent bath restoration due to leak at St. Johns. The tenant was placed in a hotel for 5 days while bathtub was scheduled to be replaced. Evergreen Real Estate Group Page 11 of 76  Accounts Receivable Update December 2025 Frank B. Peers (68 units) Tenant A/R decreased from $19.03 at the end of November to $0 at the end of December. Subsidy A/R decreased from $2,370 at the end of November to $488 at the end of December. Tenant delinquency includes: Current delinquency: $22 (5 tenants) Ravinia Housing (17 units) Tenant A/R decreased from $1,205.42 at the end of November to $900.69 at the end of December. Subsidy A/R decreased from $1,298.00 at the end of November to $87.00 at the end of December. Tenant delinquency includes: Current delinquency: $525 (3 tenants) 30-day delinquency: $187 (1 tenants) Three tenants signed payment plans. **Note** These charges fluctuate from month to month. If a resident pays rent late or not at all, it causes the Tenant A/R to increase the following month. With regard to the subsidy A/R, we request the rent from HUD, 1 month in advance. For Example: On July 1st, we send our HAP/Voucher subsidy request to HUD, for the month of June. Because of this, activities like move-ins, move-outs or certifications, will affect the subsidy A/R balance; causing it to increase or decrease. Tenants that have entered into repayment agreements would create A/R balances for either the tenant or subsidy ledgers as well, as the property is required to pay back the incorrect amount received by HUD due to the error, and then collect that amount directly from the resident as part of their repayment agreement. Page 12 of 76  FRANK B. PEERS HOUSING Balance Sheet Month Ending Month Ending Month Ending 10/31/25 11/30/25 12/31/25 Actual Actual ASSETS Current Assets 1110-0000 - Petty Cash 200.00 200.00 200.00 1121-0000 - Cash - Operating 1,234,370.71 1,322,723.03 1,364,482.03 1130-0000 - Tenant/member accounts receivable 90.97 19.03 0.00 1131-0000 - Accounts receivable - subsidy 1,355.00 2,370.00 488.00 1240-0000 - Prepaid property and liability insurance 85,929.49 76,327.84 67,559.17 Total Current Assets 1,321,946.17 1,401,639.90 1,432,729.20 Other Assets 1290-0000 - Misc Prepaid Expenses 777.03 832.20 887.37 1192-0000 - Tenant Sec Dep 34,108.47 34,169.78 34,542.32 1310-0000 - Real estate tax escrow 21,710.56 21,710.56 21,710.56 1311-0000 - Insurance escrow 68,456.31 23,509.19 28,562.07 1330-0000 - Debt Service Escrow 167,429.88 167,429.88 167,429.88 1140-0000 - Accounts Receivable - Other 14,974.14 14,974.14 14,974.14 1320 - Replacement Reserve 226,402.84 228,402.84 230,402.84 1340 - Residual Receipt 15,686.61 15,686.61 15,686.61 Total Other Assets 549,545.84 506,715.20 514,195.79 Fixed Assets 1420-0000 - Building 1,796,875.15 1,796,875.15 1,796,875.15 1420-0001 - Building Improvements 2,333,053.52 2,333,053.52 2,354,041.52 1430-0000 - Land Improvements 1,535,414.79 1,535,414.79 1,535,414.79 1440-0000 - Building Equipment Portable 189,686.00 189,686.00 189,686.00 1450-0000 - Furniture for project/tenant use 753,283.40 753,283.40 768,491.60 1497-0000 - Site improvements 363,370.04 363,370.04 363,370.04 4120-0000 - Accum depr - buildings (4,915,281.03) (4,915,281.03) (4,915,281.03) 1498-0000 - Current F/A 867.61 833.00 (36,386.20) Total Fixed Assets 2,057,269.48 2,057,234.87 2,056,211.87 Financing Costs 1900-0001 - Deferred Financing Costs 192,398.85 192,398.85 192,398.85 1999-0000 - Accum Amort - Bond Costs (153,575.22) (153,575.22) (153,575.22) Total Financing Costs 38,823.63 38,823.63 38,823.63 Partnership Assets 1701-0000 - Cash - Partnership 14,829.86 14,829.86 14,829.86 1703-0000 - Partnership Receivable 45,681.19 45,681.19 45,681.19 Total Partnership Assets 60,511.05 60,511.05 60,511.05 Page 13 of 76  FRANK B. PEERS HOUSING Balance Sheet Month Ending Month Ending Month Ending 10/31/25 11/30/25 12/31/25 Actual Actual 1702 Partnership MM 1702-0000 - Partnership MM 76.87 68.50 721.65 Total 1702 Partnership MM 1,077,530.55 1,077,599.05 1,078,320.70 Total Assets 5,105,626.72 5,142,523.70 5,180,792.24 Page 14 of 76  FRANK B. PEERS HOUSING Balance Sheet Month Ending Month Ending Month Ending 10/31/25 11/30/25 12/31/25 Actual Actual Liabilities & Equity Current Liabilities 2110-0000 - Accounts payable 5,819.85 3,185.18 814.29 2114-0000 - 401K Payable 280.67 280.67 280.67 2120-0000 - Accrued wages and p/r taxes payable 14,273.51 14,184.51 15,341.77 2130-0000 - Accrued interest - mortgage 11,447.05 11,375.50 11,303.60 2180-0000 - Misc current liabilities 13,517.24 16,331.95 25,684.54 Total Current Liabilities 45,338.32 45,357.81 53,424.87 Non-Current Liabilities 2320-0000 - Mortgage Payable (long term) 88,223.41 73,699.60 59,104.24 2190-0000 - Misc Clearing 517.35 517.35 0.00 2191-0000 - Security deposits-residential 22,619.00 22,679.00 21,882.00 2191-0001 - Pet Deposit 900.00 900.00 900.00 2210-0000 - Prepaid Rent 1,144.00 989.13 1,740.21 2211-0000 - Prepaid HUD 15,757.00 12,659.00 13,256.00 2320-1000 - Mortgage payable - 2nd note 2,290,000.00 2,290,000.00 2,290,000.00 Total Non-Current Liabilities 2,419,160.76 2,401,444.08 2,386,882.45 Owner's Equity 3100-0000 - Limited Partners Equity 2,370,665.90 2,370,665.90 2,370,665.90 3209-0000 - Prior Year Retained Earnings (183,281.23) (183,281.23) (183,281.23) 3210-0000 - Retained earnings 402,606.29 452,875.36 507,504.14 Current Month Earnings 51,136.68 55,461.78 45,596.11 Total Owner's Equity 2,641,127.64 2,695,721.81 2,740,484.92 Total Liability & Owner Equity 5,105,626.72 5,142,523.70 5,180,792.24 Page 15 of 76  FRANK B. PEERS HOUSING Actual vs Budget Accrual Operating Statement Month Ending Year To Date Year Ending 12/31/25 12/31/25 12/31/25 Actual Budget Variance Actual Budget Variance Annual Budget GROSS OPERATING INCOME RESIDENTIAL RENTAL INCOME 5120-0000 - Apartment rent 21,987.00 121,710.00 (99,723.00) 264,846.00 1,460,520.00 (1,195,674.00) 1,460,520.00 5121-0000 - Tenant assistant payments 99,723.00 (0.00) 99,723.00 1,195,674.00 (0.00) 1,195,674.00 (0.00) 5140-0000 - Commercial base rent 60.00 60.00 0.00 720.00 720.00 0.00 720.00 TOTAL RESIDENTIAL RENTAL INCOME 121,770.00 121,770.00 0.00 1,461,240.00 1,461,240.00 0.00 1,461,240.00 VACANCIES & ADJUSTMENTS 5220-0000 - Vacancy loss - apartments (59.00) (917.00) 858.00 (11,797.00) (11,004.00) (793.00) (11,004.00) 5123-3000 - Loss To Lease (133.00) (0.00) (133.00) (2,681.00) (0.00) (2,681.00) (0.00) 5123-4000 - Gain To Lease 0.00 (0.00) 0.00 1.00 (0.00) 1.00 (0.00) TOTAL VACANCIES & ADJUSTMENTS (192.00) (917.00) 725.00 (14,477.00) (11,004.00) (3,473.00) (11,004.00) OTHER INCOME 5910-0000 - Laundry income 0.00 166.67 (166.67) 1,995.30 2,000.04 (4.74) 2,000.04 5920-0000 - Nsf check fee 25.00 (0.00) 25.00 100.00 (0.00) 100.00 (0.00) 5922-0000 - Late fees 0.00 10.00 (10.00) 7.00 120.00 (113.00) 120.00 5938-0000 - Cleaning Fee/Turnover 0.00 (0.00) 0.00 47.00 (0.00) 47.00 (0.00) 5945-0000 - Damages 0.00 (0.00) 0.00 736.00 (0.00) 736.00 (0.00) 5978-0000 - Bad Debt Collected/Legal 90.00 (0.00) 90.00 90.00 (0.00) 90.00 (0.00) 5980-0000 - Administrative Fees 0.00 (0.00) 0.00 (35.00) (0.00) (35.00) (0.00) 5990-0000 - Misc other income 37.00 (0.00) 37.00 2,729.90 (0.00) 2,729.90 (0.00) 5410-0000 - Interest Income Project Operations 1.54 (0.00) 1.54 28.79 (0.00) 28.79 (0.00) 5413-0000 - Interest income - escrow 0.00 (0.00) 0.00 18,832.80 22,923.16 (4,090.36) 22,923.16 TOTAL OTHER INCOME 153.54 176.67 (23.13) 24,531.79 25,043.20 (511.41) 25,043.20 GROSS OPERATING INCOME 121,731.54 121,029.67 701.87 1,471,294.79 1,475,279.20 (3,984.41) 1,475,279.20 ADVERTISING & RENTING EXPENSE 6211-0000 - Marketing/Promotions/Advertising 0.00 50.00 50.00 427.72 1,170.00 742.28 1,170.00 6253-0000 - Credit Report Fees 0.00 34.00 34.00 196.00 408.00 212.00 408.00 TOTAL ADVERTISING & RENTING EXPENSE 0.00 84.00 84.00 623.72 1,578.00 954.28 1,578.00 ADMINISTRATIVE EXPENSE 6311-0000 - Office supplies 56.38 316.00 259.62 3,217.04 3,792.00 574.96 3,792.00 6316-0000 - Office Equipment 375.44 455.00 79.56 4,742.98 5,460.00 717.02 5,460.00 6320-0000 - Management fee 6,481.23 6,471.75 (9.48) 75,675.67 77,661.00 1,985.33 77,661.00 6340-0000 - Legal Expense - Project 0.00 0.00 0.00 3,614.44 0.00 (3,614.44) 0.00 6350-0000 - Audit Expense 0.00 0.00 0.00 11,310.00 17,900.00 6,590.00 17,900.00 6352-0000 - Computer Fees 0.00 0.00 0.00 (1,204.25) 0.00 1,204.25 0.00 6360-0000 - Telephone/Internet/Cable/Cellphones 963.17 1,875.00 911.83 8,757.16 22,500.00 13,742.84 22,500.00 6360-0001 - Answering Service/ Pagers 68.95 41.67 (27.28) 952.18 500.04 (452.14) 500.04 6365-0000 - Training & Education Expense 1,106.01 0.00 (1,106.01) 1,889.75 2,200.00 310.25 2,200.00 6370-0000 - Bad debts 340.00 0.00 (340.00) 3,698.95 1,600.00 (2,098.95) 1,600.00 6371-0000 - Fees Dues & Contributions 0.00 0.00 0.00 1,241.20 1,800.00 558.80 1,800.00 6380-0000 - Consulting/study costs 1,878.00 0.00 (1,878.00) 2,256.00 3,000.00 744.00 3,000.00 6390-0000 - Misc administrative expenses (347.52) 190.00 537.52 4,330.58 2,280.00 (2,050.58) 2,280.00 6391-0000 - Property Management Software Fees 614.76 135.00 (479.76) 4,396.41 1,610.00 (2,786.41) 1,610.00 6392-0000 - Computer Supplies/Data Processing 1,017.85 100.00 (917.85) 1,735.10 500.00 (1,235.10) 500.00 Page 16 of 76  FRANK B. PEERS HOUSING Actual vs Budget Accrual Operating Statement Month Ending Year To Date Year Ending 12/31/25 12/31/25 12/31/25 Actual Budget Variance Actual Budget Variance Annual Budget 6395-0000 - Tenant Retention 2,249.52 400.00 (1,849.52) 2,343.22 4,800.00 2,456.78 4,800.00 6431-0000 - Travel & Expense Reimbursement 0.00 100.00 100.00 334.57 600.00 265.43 600.00 6851-0000 - Bank Service Fees 22.16 17.00 (5.16) 67.45 204.00 136.55 204.00 6860-0000 - Security Deposit Interest 0.17 6.00 5.83 1.07 68.00 66.93 68.00 TOTAL ADMINISTRATIVE EXPENSE 14,826.12 10,107.42 (4,718.70) 129,359.52 146,475.04 17,115.52 146,475.04 PAYROLL & RELATED COSTS 6310-0000 - Office salaries 7,577.96 7,157.00 (420.96) 95,049.20 93,042.00 (2,007.20) 93,042.00 6310-1000 - Commissions - Employee/Broker Referrals 0.00 0.00 0.00 20.00 0.00 (20.00) 0.00 6491-0000 - Temp Maintenance Contractor 0.00 0.00 0.00 13,358.51 0.00 (13,358.51) 0.00 6510-0000 - Janitor and cleaning payroll 3,321.52 2,831.00 (490.52) 39,068.79 36,802.00 (2,266.79) 36,802.00 6540-0000 - Repairs payroll 4,404.50 3,658.00 (746.50) 40,451.98 47,552.00 7,100.02 47,552.00 6900-0000 - Social Service Coordinator 2,087.50 2,620.75 533.25 19,440.50 31,449.00 12,008.50 31,449.00 6715-0000 - Payroll Taxes 1,287.40 1,085.00 (202.40) 15,932.39 15,614.00 (318.39) 15,614.00 6722-0000 - Workers compensation (569.17) 607.00 1,176.17 3,452.72 7,119.00 3,666.28 7,119.00 6723-0000 - Employee Health Ins/Other Benefits 290.52 772.00 481.48 10,086.15 9,286.00 (800.15) 9,286.00 6724-0000 - Union Benefits 90.04 2,341.58 2,251.54 32,056.12 28,098.96 (3,957.16) 28,098.96 6726-0001 - Contingency 0.00 480.00 480.00 3,600.00 4,080.00 480.00 4,080.00 TOTAL PAYROLL & RELATED COSTS 18,490.27 21,552.33 3,062.06 272,516.36 273,042.96 526.60 273,042.96 OPERATING EXPENSES 6515-0000 - Janitors and cleaning supplies 508.75 283.00 (225.75) 3,520.67 3,396.00 (124.67) 3,396.00 6518-0000 - Uniforms 0.00 0.00 0.00 0.00 1,000.00 1,000.00 1,000.00 6519-0000 - Exterminating Contract 262.00 146.00 (116.00) 1,779.00 1,752.00 (27.00) 1,752.00 6520-0000 - Miscellaneous Repair Contractors 0.00 833.33 833.33 17,252.65 9,999.96 (7,252.69) 9,999.96 6525-0000 - Rubbish removal 578.44 550.00 (28.44) 7,812.38 6,600.00 (1,212.38) 6,600.00 TOTAL OPERATING EXPENSES 1,349.19 1,812.33 463.14 30,364.70 22,747.96 (7,616.74) 22,747.96 UTILITIES 6450-0000 - Electricity 1,901.39 1,700.00 (201.39) 18,917.90 20,490.00 1,572.10 20,490.00 6451-0000 - Water & Sewer 2,435.67 2,782.50 346.83 26,344.20 33,390.00 7,045.80 33,390.00 6452-0000 - Gas 4,102.74 3,500.00 (602.74) 24,986.84 31,300.00 6,313.16 31,300.00 TOTAL UTILITIES 8,439.80 7,982.50 (457.30) 70,248.94 85,180.00 14,931.06 85,180.00 MAINTENANCE EXPENSES 6530-0100 - Security Contractor 0.00 0.00 0.00 4,303.75 0.00 (4,303.75) 0.00 6530-0200 - Security Services 93.61 0.00 (93.61) 374.44 0.00 (374.44) 0.00 6536-0000 - Ground supplies & Equipment Repairs 0.00 0.00 0.00 682.58 1,000.00 317.42 1,000.00 6537-0000 - Grounds Contractor (Landscaper) 0.00 0.00 0.00 6,736.65 11,000.00 4,263.35 11,000.00 6541-0000 - Repair & Maintenance Supplies 2,605.47 875.00 (1,730.47) 17,457.59 10,500.00 (6,957.59) 10,500.00 6545-0000 - Elevator Contractor (Annual Maintenance Con- 637.11 450.00 (187.11) 6,895.26 7,400.00 504.74 7,400.00 tract) 6545-0001 - Elevator Contractor (special repairs) 0.00 0.00 0.00 700.60 0.00 (700.60) 0.00 6546-0000 - Heating/Cooling/Boiler Contract Repair & Sup- 1,746.80 1,833.33 86.53 23,892.42 21,999.96 (1,892.46) 21,999.96 plies 6548-0000 - Snow removal 2,966.25 2,967.00 0.75 11,865.00 12,368.00 503.00 12,368.00 6560-0000 - Decorating (Tenant Pntg-Cycle/Turnover by 0.00 0.00 0.00 8,931.52 5,800.00 (3,131.52) 5,800.00 Contractor) 6560-0001 - Decorating (Common areas - by Contractor) 0.00 0.00 0.00 1,500.00 3,000.00 1,500.00 3,000.00 6563-0000 - Window Covering 0.00 150.00 150.00 667.47 600.00 (67.47) 600.00 6581-0000 - Window Washing 0.00 0.00 0.00 1,200.00 2,700.00 1,500.00 2,700.00 6582-0000 - Fire Protection & Fire Equipment 0.00 0.00 0.00 14,406.56 16,500.00 2,093.44 16,500.00 Page 17 of 76  FRANK B. PEERS HOUSING Actual vs Budget Accrual Operating Statement Month Ending Year To Date Year Ending 12/31/25 12/31/25 12/31/25 Actual Budget Variance Actual Budget Variance Annual Budget 6595-0000 - Plumbing Repairs 4,304.75 1,666.67 (2,638.08) 10,173.34 20,000.04 9,826.70 20,000.04 6596-0000 - Floor Repairs/Cleaning 0.00 0.00 0.00 1,591.83 1,800.00 208.17 1,800.00 6598-0000 - Roof Repairs 0.00 0.00 0.00 250.00 250.00 0.00 250.00 TOTAL MAINTENANCE EXPENSES 12,353.99 7,942.00 (4,411.99) 111,629.01 114,918.00 3,288.99 114,918.00 TAXES AND INSURANCE 6720-0000 - Property and liability insurance 9,601.67 10,782.58 1,180.91 123,625.63 122,577.93 (1,047.70) 122,577.93 TOTAL TAXES AND INSURANCE 9,601.67 10,782.58 1,180.91 123,625.63 122,577.93 (1,047.70) 122,577.93 TOTAL OPERATING EXPENSES 65,061.04 60,263.16 (4,797.88) 738,367.88 766,519.89 28,152.01 766,519.89 NET OPERATING INCOME (LOSS) 56,670.50 60,766.51 (4,096.01) 732,926.91 708,759.31 24,167.60 708,759.31 FINANCIAL EXPENSES 6820-0000 - Mortgage interest 11,303.61 11,303.61 0.00 140,311.95 140,311.95 0.00 140,311.95 6850-0000 - Mortgage Service Fee 492.43 492.44 0.01 6,105.69 6,105.72 0.03 6,105.72 TOTAL FINANCIAL EXPENSES 11,796.04 11,796.05 0.01 146,417.64 146,417.67 0.03 146,417.67 NET OPER INC/(LOSS) BEFORE CAP. EXP. 44,874.46 48,970.46 (4,096.00) 586,509.27 562,341.64 24,167.63 562,341.64 Partnership Income 8005-0000 - Mortgagor Entity Income 721.65 0.00 721.65 3,652.18 0.00 3,652.18 0.00 8010-0000 - Other Entity Expense 0.00 (0.00) 0.00 (675.00) (0.00) (675.00) (0.00) Total Partnership Activity 721.65 (0.00) 721.65 2,977.18 (0.00) 2,977.18 (0.00) NET INCOME (LOSS) 45,596.11 48,970.46 (3,374.35) 589,486.45 562,341.64 27,144.81 562,341.64 Cash Flow - Financing Activities 7104-0000 - Replacement Reserve 2,000.00 2,000.00 0.00 24,000.00 24,000.00 0.00 24,000.00 7108-0000 - Mortgage Payable (long term) 14,595.36 14,595.36 0.00 170,498.58 170,498.59 0.01 170,498.59 Total Cash Flow - Financing Activities 16,595.36 16,595.36 0.00 194,498.58 194,498.59 0.01 194,498.59 CAPITAL EXPENDITURES & ESCROWS 6991-0000 - Capital expenditures (15,088.00) 0.00 15,088.00 0.00 16,800.00 16,800.00 16,800.00 6991-0005 - Bath - Rehab (5,900.00) 0.00 5,900.00 0.00 6,000.00 6,000.00 6,000.00 6991-0032 - Elevator (190.00) 0.00 190.00 0.00 0.00 0.00 0.00 6993-0001 - Appliances (4,220.99) 0.00 4,220.99 0.00 5,000.00 5,000.00 5,000.00 6994-0000 - Carpet & tile (10,987.21) 0.00 10,987.21 0.00 5,500.00 5,500.00 5,500.00 TOTAL CAPITAL EXPENDITURES & ESCROWS (36,386.20) 0.00 36,386.20 0.00 33,300.00 33,300.00 33,300.00 GAIN/(LOSS) AFTER CAPITAL EXP. & ESCROWS 65,386.95 32,375.10 33,011.85 394,987.87 334,543.05 60,444.82 334,543.05 Debt Service Coverage Ratio 2.03 2.18 (0.15) 2.19 2.12 0.07 2.12 Page 18 of 76  RAVINIA HOUSING Balance Sheet Month Ending Month Ending Month Ending 10/31/25 11/30/25 12/31/25 Actual Actual ASSETS Current Assets 1110-0000 - Petty Cash 628.40 628.40 628.40 1121-0000 - Cash - Operating 16,921.59 18,570.31 16,248.54 1130-0000 - Tenant/member accounts receivable 5,614.68 1,205.42 900.69 1131-0000 - Accounts receivable - subsidy 2,696.00 1,298.00 87.00 1240-0000 - Prepaid property and liability insurance 30,824.14 27,534.39 24,109.49 1250-0000 - Prepaid Mortgage Insurance 551.33 441.07 330.81 Total Current Assets 57,236.14 49,677.59 42,304.93 Other Assets 1290-0000 - Misc Prepaid Expenses 189.86 203.61 217.36 1192-0000 - Tenant Sec Dep 8,601.38 9,309.73 9,300.15 1311-0000 - Insurance escrow 12,896.19 16,733.28 20,500.74 1312-0000 - Mortgage Insurance Escrow 1,059.81 1,174.51 1,284.78 1320 - Replacement Reserve 26,488.56 28,263.01 30,037.82 Total Other Assets 49,235.80 55,684.14 61,340.85 Fixed Assets 1420-0000 - Building 1,048,224.20 1,048,224.20 1,048,224.20 1420-0001 - Building Improvements 348,174.44 348,174.44 358,188.56 1430-0000 - Land Improvements 327,439.75 327,439.75 327,439.75 1450-0000 - Furniture for project/tenant use 464,270.70 464,270.70 483,247.58 1497-0000 - Site improvements 255,866.77 255,866.77 278,198.79 1499-0000 - Accumulated Depreciation 13,201.56 13,201.56 13,201.56 4120-0000 - Accum depr - buildings (2,234,964.46) (2,234,964.46) (2,234,964.46) 1498-0000 - Current F/A 1,275.60 (0.90) (49,025.73) Total Fixed Assets 223,488.56 222,212.06 224,510.25 Financing Costs 1900-0001 - Deferred Financing Costs 62,658.71 62,658.71 62,658.71 1999-0000 - Accum Amort - Bond Costs (26,983.30) (26,983.30) (26,983.30) Total Financing Costs 35,675.41 35,675.41 35,675.41 Partnership Assets 1701-0000 - Cash - Partnership 176,096.09 176,109.60 176,125.52 Total Partnership Assets 176,096.09 176,109.60 176,125.52 Total Assets 541,732.00 539,358.80 539,956.96 Page 19 of 76  RAVINIA HOUSING Balance Sheet Month Ending Month Ending Month Ending 10/31/25 11/30/25 12/31/25 Actual Actual Liabilities & Equity Current Liabilities 2110-0000 - Accounts payable 4,026.35 5,677.38 82.13 2120-0000 - Accrued wages and p/r taxes payable 3,325.71 3,248.99 3,603.91 2130-0000 - Accrued interest - mortgage 1,097.03 1,093.23 1,089.42 2131-0000 - Accrued Interest Bank Loans 1,165.11 1,165.11 1,165.11 2131-0001 - Accrued Interest - 2nd Note 10,498.21 10,498.21 10,498.21 2180-0000 - Misc current liabilities 1,180.21 1,130.91 1,334.05 Total Current Liabilities 21,292.62 22,813.83 17,772.83 Non-Current Liabilities 2320-0000 - Mortgage Payable (long term) 292,542.41 291,529.10 290,511.99 2190-0000 - Misc Clearing 725.00 725.00 0.00 2191-0000 - Security deposits-residential 7,682.00 8,400.00 8,400.00 2191-0001 - Pet Deposit 300.00 300.00 300.00 2210-0000 - Prepaid Rent 1,000.02 3,274.02 3,589.06 2211-0000 - Prepaid HUD 7,429.00 2,260.00 3,537.00 2320-1000 - Mortgage payable - 2nd note 459,322.72 459,322.72 459,322.72 2390-0000 - Miscellaneous Liability 14,974.14 14,974.14 14,974.14 Total Non-Current Liabilities 783,975.29 780,784.98 780,634.91 Partnership Liabilities 2901-0000 - Partnership Payable 37,428.48 37,428.48 37,428.48 Total Partnership Liabilities 37,428.48 37,428.48 37,428.48 Owner's Equity 3100-0000 - Limited Partners Equity 25,462.78 25,462.78 25,462.78 3209-0000 - Prior Year Retained Earnings (330,965.81) (330,965.81) (330,966.71) 3210-0000 - Retained earnings (3,177.49) 3,262.14 3,835.44 Current Month Earnings 7,716.13 572.40 5,789.23 Total Owner's Equity (300,964.39) (301,668.49) (295,879.26) Total Liability & Owner Equity 541,732.00 539,358.80 539,956.96 Page 20 of 76  RAVINIA HOUSING Actual vs Budget Accrual Operating Statement Month Ending Year To Date Year Ending 12/31/25 12/31/25 12/31/25 Actual Budget Variance Actual Budget Variance Annual Budget GROSS OPERATING INCOME RESIDENTIAL RENTAL INCOME 5120-0000 - Apartment rent 9,340.00 30,238.00 (20,898.00) 82,889.00 361,248.00 (278,359.00) 361,248.00 5121-0000 - Tenant assistant payments 20,779.00 (0.00) 20,779.00 277,050.00 (0.00) 277,050.00 (0.00) TOTAL RESIDENTIAL RENTAL INCOME 30,119.00 30,238.00 (119.00) 359,939.00 361,248.00 (1,309.00) 361,248.00 VACANCIES & ADJUSTMENTS 5220-0000 - Vacancy loss - apartments 0.00 (602.08) 602.08 (8,044.00) (7,224.96) (819.04) (7,224.96) 5123-0000 - Rent Concession 0.00 (0.00) 0.00 (140.68) (0.00) (140.68) (0.00) TOTAL VACANCIES & ADJUSTMENTS 0.00 (602.08) 602.08 (8,184.68) (7,224.96) (959.72) (7,224.96) OTHER INCOME 5922-0000 - Late fees 0.00 5.00 (5.00) 43.00 60.00 (17.00) 60.00 5938-0000 - Cleaning Fee/Turnover 0.00 (0.00) 0.00 272.00 (0.00) 272.00 (0.00) 5990-0000 - Misc other income 61.00 (0.00) 61.00 1,029.61 (0.00) 1,029.61 (0.00) 5410-0000 - Interest Income Project Operations 0.42 (0.00) 0.42 7.45 (0.00) 7.45 (0.00) 5413-0000 - Interest income - escrow 13.46 57.94 (44.48) 280.84 695.28 (414.44) 695.28 TOTAL OTHER INCOME 74.88 62.94 11.94 1,632.90 755.28 877.62 755.28 GROSS OPERATING INCOME 30,193.88 29,698.86 495.02 353,387.22 354,778.32 (1,391.10) 354,778.32 ADVERTISING & RENTING EXPENSE 6211-0000 - Marketing/Promotions/Advertising 0.00 0.00 0.00 106.93 418.00 311.07 418.00 6253-0000 - Credit Report Fees 0.00 16.67 16.67 510.00 200.04 (309.96) 200.04 TOTAL ADVERTISING & RENTING EXPENSE 0.00 16.67 16.67 616.93 618.04 1.11 618.04 ADMINISTRATIVE EXPENSE 6311-0000 - Office supplies 101.88 150.00 48.12 1,851.91 1,800.00 (51.91) 1,800.00 6316-0000 - Office Equipment 93.86 80.00 (13.86) 1,185.68 960.00 (225.68) 960.00 6320-0000 - Management fee 1,241.00 827.50 (413.50) 13,556.43 9,930.00 (3,626.43) 9,930.00 6340-0000 - Legal Expense - Project 250.00 0.00 (250.00) 3,566.22 750.00 (2,816.22) 750.00 6350-0000 - Audit Expense 0.00 0.00 0.00 14,650.00 15,600.00 950.00 15,600.00 6360-0000 - Telephone/Internet/Cable/Cellphones 855.22 500.00 (355.22) 5,930.25 6,000.00 69.75 6,000.00 6360-0001 - Answering Service/ Pagers 17.24 0.00 (17.24) 220.84 0.00 (220.84) 0.00 6365-0000 - Training & Education Expense 237.26 0.00 (237.26) 451.00 950.00 499.00 950.00 6370-0000 - Bad debts 94.74 0.00 (94.74) 7,840.62 5,000.00 (2,840.62) 5,000.00 6371-0000 - Fees Dues & Contributions 0.00 0.00 0.00 (792.20) 510.00 1,302.20 510.00 6380-0000 - Consulting/study costs 504.00 0.00 (504.00) 5,864.80 3,000.00 (2,864.80) 3,000.00 6390-0000 - Misc administrative expenses (488.50) 100.00 588.50 4,829.94 1,200.00 (3,629.94) 1,200.00 6391-0000 - Property Management Software Fees 140.49 136.00 (4.49) 1,853.37 1,622.00 (231.37) 1,622.00 6392-0000 - Computer Supplies/Data Processing 78.06 35.00 (43.06) 502.80 420.00 (82.80) 420.00 6395-0000 - Tenant Retention 0.00 0.00 0.00 90.26 0.00 (90.26) 0.00 6431-0000 - Travel & Expense Reimbursement 0.00 0.00 0.00 161.36 400.00 238.64 400.00 6851-0000 - Bank Service Fees 107.16 85.00 (22.16) 1,087.45 1,020.00 (67.45) 1,020.00 6860-0000 - Security Deposit Interest 0.09 2.00 1.91 0.42 24.00 23.58 24.00 TOTAL ADMINISTRATIVE EXPENSE 3,232.50 1,915.50 (1,317.00) 62,851.15 49,186.00 (13,665.15) 49,186.00 PAYROLL & RELATED COSTS 6310-0000 - Office salaries 1,894.52 1,789.00 (105.52) 23,802.76 23,258.00 (544.76) 23,258.00 Page 21 of 76  RAVINIA HOUSING Actual vs Budget Accrual Operating Statement Month Ending Year To Date Year Ending 12/31/25 12/31/25 12/31/25 Actual Budget Variance Actual Budget Variance Annual Budget 6310-1000 - Commissions - Employee/Broker Referrals 0.00 0.00 0.00 5.00 0.00 (5.00) 0.00 6491-0000 - Temp Maintenance Contractor 0.00 0.00 0.00 2,463.90 0.00 (2,463.90) 0.00 6510-0000 - Janitor and cleaning payroll 830.37 707.00 (123.37) 9,783.08 9,192.00 (591.08) 9,192.00 6540-0000 - Repairs payroll 1,101.13 914.00 (187.13) 9,928.93 11,884.00 1,955.07 11,884.00 6900-0000 - Social Service Coordinator 0.00 0.00 0.00 65.40 0.00 (65.40) 0.00 6715-0000 - Payroll Taxes 283.41 271.00 (12.41) 3,732.92 3,885.00 152.08 3,885.00 6722-0000 - Workers compensation (578.75) 150.00 728.75 374.96 1,800.00 1,425.04 1,800.00 6723-0000 - Employee Health Ins/Other Benefits 132.69 192.00 59.31 2,182.09 2,311.00 128.91 2,311.00 6724-0000 - Union Benefits 22.51 585.00 562.49 8,014.00 7,020.00 (994.00) 7,020.00 6726-0001 - Contingency 0.00 120.00 120.00 900.00 1,020.00 120.00 1,020.00 TOTAL PAYROLL & RELATED COSTS 3,685.88 4,728.00 1,042.12 61,253.04 60,370.00 (883.04) 60,370.00 OPERATING EXPENSES 6515-0000 - Janitors and cleaning supplies 55.16 33.33 (21.83) 232.33 399.96 167.63 399.96 6518-0000 - Uniforms 0.00 0.00 0.00 0.00 500.00 500.00 500.00 6519-0000 - Exterminating Contract 320.00 0.00 (320.00) 320.00 500.00 180.00 500.00 6520-0000 - Miscellaneous Repair Contractors 950.00 416.67 (533.33) 7,976.32 5,000.04 (2,976.28) 5,000.04 6525-0000 - Rubbish removal 604.01 637.50 33.49 9,085.24 7,650.00 (1,435.24) 7,650.00 TOTAL OPERATING EXPENSES 1,929.17 1,087.50 (841.67) 17,613.89 14,050.00 (3,563.89) 14,050.00 UTILITIES 6450-0000 - Electricity 159.89 245.00 85.11 1,728.28 2,940.00 1,211.72 2,940.00 6451-0000 - Water & Sewer (181.92) 0.00 181.92 7,355.20 2,000.00 (5,355.20) 2,000.00 6452-0000 - Gas 49.83 33.33 (16.50) 260.41 399.96 139.55 399.96 TOTAL UTILITIES 27.80 278.33 250.53 9,343.89 5,339.96 (4,003.93) 5,339.96 MAINTENANCE EXPENSES 6530-0200 - Security Services 0.00 0.00 0.00 2,424.13 1,884.00 (540.13) 1,884.00 6536-0000 - Ground supplies & Equipment Repairs 0.00 0.00 0.00 67.30 300.00 232.70 300.00 6537-0000 - Grounds Contractor (Landscaper) 0.00 0.00 0.00 10,616.35 12,000.00 1,383.65 12,000.00 6541-0000 - Repair & Maintenance Supplies 440.54 833.33 392.79 5,411.50 9,999.96 4,588.46 9,999.96 6546-0000 - Heating/Cooling/Boiler Contract Repair & Sup- 460.60 0.00 (460.60) 5,728.83 2,475.00 (3,253.83) 2,475.00 plies 6548-0000 - Snow removal 6,987.50 6,988.00 0.50 27,950.00 27,952.00 2.00 27,952.00 6560-0000 - Decorating (Tenant Pntg-Cycle/Turnover by 0.00 0.00 0.00 11,124.80 3,000.00 (8,124.80) 3,000.00 Contractor) 6582-0000 - Fire Protection & Fire Equipment 3,032.00 0.00 (3,032.00) 4,919.00 8,000.00 3,081.00 8,000.00 6595-0000 - Plumbing Repairs 0.00 0.00 0.00 11,404.02 4,000.00 (7,404.02) 4,000.00 6598-0000 - Roof Repairs 0.00 0.00 0.00 644.00 4,000.00 3,356.00 4,000.00 TOTAL MAINTENANCE EXPENSES 10,920.64 7,821.33 (3,099.31) 80,289.93 73,610.96 (6,678.97) 73,610.96 TAXES AND INSURANCE 6720-0000 - Property and liability insurance 3,424.90 4,833.59 1,408.69 48,328.71 52,959.64 4,630.93 52,959.64 TOTAL TAXES AND INSURANCE 3,424.90 4,833.59 1,408.69 48,328.71 52,959.64 4,630.93 52,959.64 TOTAL OPERATING EXPENSES 23,220.89 20,680.92 (2,539.97) 280,297.54 256,134.60 (24,162.94) 256,134.60 NET OPERATING INCOME (LOSS) 6,972.99 9,017.94 (2,044.95) 73,089.68 98,643.72 (25,554.04) 98,643.72 FINANCIAL EXPENSES 6820-0000 - Mortgage interest 1,089.42 1,089.42 0.00 13,321.66 13,321.66 0.00 13,321.66 Page 22 of 76  RAVINIA HOUSING Actual vs Budget Accrual Operating Statement Month Ending Year To Date Year Ending 12/31/25 12/31/25 12/31/25 Actual Budget Variance Actual Budget Variance Annual Budget 6850-0000 - Mortgage Service Fee 110.26 120.00 9.74 1,336.39 1,440.00 103.61 1,440.00 TOTAL FINANCIAL EXPENSES 1,199.68 1,209.42 9.74 14,658.05 14,761.66 103.61 14,761.66 NET OPER INC/(LOSS) BEFORE CAP. EXP. 5,773.31 7,808.52 (2,035.21) 58,431.63 83,882.06 (25,450.43) 83,882.06 Partnership Income 8005-0000 - Mortgagor Entity Income 15.92 0.00 15.92 243.77 0.00 243.77 0.00 8010-0000 - Other Entity Expense 0.00 (0.00) 0.00 (25.00) (0.00) (25.00) (0.00) Total Partnership Activity 15.92 (0.00) 15.92 218.77 (0.00) 218.77 (0.00) NET INCOME (LOSS) 5,789.23 7,808.52 (2,019.29) 58,650.40 83,882.06 (25,231.66) 83,882.06 Cash Flow - Financing Activities 7104-0000 - Replacement Reserve 1,761.35 1,663.00 (98.35) 21,038.07 19,956.00 (1,082.07) 19,956.00 7108-0000 - Mortgage Payable (long term) 1,017.11 1,017.11 0.00 11,957.58 11,957.58 0.00 11,957.58 Total Cash Flow - Financing Activities 2,778.46 2,680.11 (98.35) 32,995.65 31,913.58 (1,082.07) 31,913.58 CAPITAL EXPENDITURES & ESCROWS 7105-0000 - Replacement Reserve Reimbursement 0.00 0.00 0.00 (56,186.56) 0.00 56,186.56 0.00 6991-0000 - Capital expenditures (32,346.14) 0.00 32,346.14 0.00 6,900.00 6,900.00 6,900.00 6991-0005 - Bath - Rehab (5,800.00) 0.00 5,800.00 0.00 0.00 0.00 0.00 6991-0006 - Kitchen - Rehab 0.00 0.00 0.00 0.00 6,000.00 6,000.00 6,000.00 6991-0016 - Concrete Repairs 0.00 0.00 0.00 0.00 6,000.00 6,000.00 6,000.00 6991-0022 - Lighting 0.00 0.00 0.00 0.00 4,000.00 4,000.00 4,000.00 6993-0001 - Appliances (1,465.00) 0.00 1,465.00 0.00 4,000.00 4,000.00 4,000.00 6993-0002 - Water Heaters (2,539.09) 0.00 2,539.09 0.00 2,400.00 2,400.00 2,400.00 6994-0000 - Carpet & tile (6,875.50) 0.00 6,875.50 0.00 15,000.00 15,000.00 15,000.00 TOTAL CAPITAL EXPENDITURES & ESCROWS (49,025.73) 0.00 49,025.73 (56,186.56) 44,300.00 100,486.56 44,300.00 GAIN/(LOSS) AFTER CAPITAL EXP. & ESCROWS 52,036.50 5,128.41 46,908.09 81,841.31 7,668.48 74,172.83 7,668.48 Debt Service Coverage Ratio 1.80 2.39 (0.59) 1.58 2.18 (0.60) 2.18 Page 23 of 76  Peers Capital Improvements Update December 2025 Date for Planned Planned Comments Date $ Actual Task Work $ Use of $ Use of $ Use of Complet Complete R&R Construction Operating e Operations Carpet replacement Feb-25 $ 4,471.90 Fire bots 50% deposit Mar-25 $ 7,697.00 Carpet & tile Apr-25 $ 2,444.00 Bath rehab #304 1st installment May-25 $ 2,950.00 Floor replaced in #312 May-25 $ 1,435.20 Bath rehab #304 2nd installment Jun-25 $ 2,950.00 Appliances Jul-25 $ 1,288.47 Carpet & tile Jul-25 $ 1,768.50 Appliances Aug-25 $ 644.23 Fire bots-2nde installment Sep-25 $ 7,391.00 Carpet replacement #410, common areas Oct-25 $ 867.61 Appliances-new fridge Nov-25 $ 833.00 $ 34,740.91 Reserves Cash Flow Dec-25 $ 230,403.00 2025 Annual Escrow Deposit $ - Expected Use of Reserves $ in 2025 Balance expected at end of 2025 $ 230,403.00 IHDA Minimum @$1500/unit $ 102,000.00 Page 24 of 76  Ravinia Capital Improvements Update December 2025 Date for Planned Planned Comments Date $ Actual Task Work $ Use of $ Use of $ Use of Complet Complete R&R Construction Operating e Operations Bath rehab $ 5,800.00 Appliances $ 663.60 Fire bots 50% deposit $ 2,074.25 2745 St Johns Ave. New furnace $ 5,942.12 New pit pumps at Pleasant Ave. $ 9,032.02 Replacement Reserve request Q1 $ (36,503.47) Capital expenses $ 13,300.00 Water heater 737 Pleasant $ 2,539.09 New vinyl flooring 761 Pleasant $ 3,844.00 Replacement Reserve request Q2 $ (21,570.00) $ 19,683.09 Replacement Reserve request Q2 $ (19,683.09) - Appliances $ 801.40 Fire bots 2nd installment $ 1,997.75 Carpet replacement $ 1,755.00 Carpet replacement 741 Pleasant $ 1,276.60 Totals $ 5,830.75 Reserves Cash Flow Dec-25 $ 30,038.00 2025 Annual Escrow Deposit $ - Expected Use of Reserves $ in 2025 Reserve request in 2025 Q2 Balance expected at end of 2025 $ 30,038.00 HUD Minimum @$1000/unit $ 17,000.00 Page 25 of 76  Highland Park Housing Commission - Cash Fund Balance as of 12/2025 Ravinia Frank B. Peers Housing Sunset Woods Association 2 Rental Management Funds: 12 Rental Units Units Total Funds Entity Totals Checking $1,364,482.03 16,248.54 - $1,380,730.57 Security Deposit 34,542.32 9,300.15 - $43,842.47 Replacement Reserve 230,402.84 30,037.82 - $260,440.66 Residual Receipts 15,686.61 - - $15,686.61 Operating Reserve - - - $0.00 Tax Reserve Construction Escrow Total Management Funds 1,645,113.80 55,586.51 - - - $1,700,700.31 Sunset Woods 9/2025 Association Funds: Assn Money Mkt Ckg 1305 176,125.52 111,775.60 287,901.12 Assn MaxSafe Money Market 4382 555,778.52 555,778.52 Assn Small Business Ckg 1321 14,829.86 10,226.98 25,056.84 Association CDs CD #1 522,542.18 522,542.18 - Total Association Funds 1,093,150.56 176,125.52 122,002.58 - 1,391,278.66 Total Mgmt & Assn Funds 2,738,264.36 231,712.03 122,002.58 - - 3,091,978.97 Association Receivables (Liability) 1) Due from Hsg. Trst. Fd 277 GB 7,491.85 7,491.85 2) Due from Hsg. Trst Fd. Emerg. 689.44 689.44 3) Due from Sunset Woods / (Due to Peers) (0.10) - (0.10) 4) Due from Ravinia 37,500.00 Total 45,681.19 - 45,681.19 Page 26 of 76  Housing Trust Fund Balance Sheet and Schedule of Revenues, Expenditures, and Changes in Fund Balance Per City General Ledger Adopted Estimated Actual Annual Dec 2025 Nov YTD 2025 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 Balance Sheet Cash & Investments 1,284,177 1,110,039 2,142,560 1,968,422 1,908,458 1,634,854 2,386,240 1,522,923 1,329,104 709,596 555,762 634,659 808,800 866,008 834,576 1,001,264 1,091,569 1,254,767 1,282,048 1,517,934 1,873,748 245,714 1,148,435 704,498 229,405 Accounts Receivable 250,000 (10,500) Due from Other Funds 1,700,000 Other Assets (169) 378 539 Total Assets 1,284,177 1,110,039 2,142,560 1,968,422 1,908,458 1,634,854 2,386,240 1,522,923 1,329,104 709,596 555,762 884,659 808,800 866,008 834,576 1,001,264 1,091,569 1,254,767 1,281,879 1,517,934 1,863,625 1,946,254 1,148,435 704,498 229,405 Accounts Payable 67,500 1,000 Accrued Salaries Payable 1,011 1,009 627 789 720 175 308 233 395 596 218 Refundable Deposits 61,000 Total Liabilities - - - - - - 67,500 1,011 - 1,009 61,627 789 720 175 308 233 - 1,395 596 218 - - - Fund Balance Actual 1,284,177 1,110,039 2,142,560 1,968,422 1,908,458 1,634,854 2,386,240 1,522,923 1,261,604 708,584 555,762 883,651 747,173 865,220 833,856 1,001,088 1,091,261 1,254,534 1,281,879 1,516,540 1,863,029 1,946,036 1,148,435 704,498 229,405 Fund Balance Reported1 N/A N/A N/A TRUE 1,908,458 1,634,854 2,445,490 1,522,923 1,262,614 709,595 556,762 884,658 808,800 866,008 833,856 1,001,088 1,091,261 1,254,535 1,281,879 1,516,539 1,863,030 1,946,036 1,148,435 704,498 229,405 3 Actual Over/(Under) Rptd N/A N/A N/A - - (59,250) - (1,010) (1,011) (1,000) (1,007) (61,627) (788) 0 0 (0) (1) (0) 1 (1) (0) 0 0 - Changes in Fund Balance 4 Revenues 257,560 (169,094) 426,654 324,094 471,340 644,681 1,179,417 485,162 749,266 260,096 240,152 458,750 453,650 365,518 170,586 129,890 60,828 107,181 265,857 584,267 1,557,629 942,598 798,678 645,094 229,405 5 Expenditures 1,115,943 863,427 252,516 307,256 197,735 1,396,067 316,100 223,842 196,246 107,273 568,041 322,273 571,697 334,155 337,818 220,063 224,101 134,526 500,518 930,757 1,640,635 144,997 354,742 170,000 Change in Fund Balance (858,383) (1,032,522) 174,139 16,838 273,605 (751,386) 863,317 261,319 553,019 152,822 (327,889) 136,478 (118,047) 31,363 (167,232) (90,172) (163,273) (27,344) (234,661) (346,489) (83,007) 797,600 443,937 475,094 229,405 Beginning Fund Balance (Audited) 2,142,560 2,142,560 1,968,422 1,951,583 1,634,854 2,386,240 1,522,923 1,261,604 708,584 555,762 883,651 747,173 865,220 833,856 1,001,088 1,091,261 1,254,534 1,281,879 1,516,540 1,863,029 1,946,036 1,148,435 704,498 229,405 - Ending Fund Balance 1,284,177 1,110,039 2,142,560 1,968,422 1,908,458 1,634,854 2,386,240 1,522,923 1,261,604 708,584 555,762 883,651 747,173 865,220 833,856 1,001,088 1,091,261 1,254,534 1,281,879 1,516,540 1,863,029 1,946,036 1,148,435 704,498 229,405 Due to Others2 per City Accounts - - - - - - 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 229,405 Fund Balance per City Accounts 1,284,177 1,110,039 2,142,560 1,968,422 1,908,458 1,634,854 2,386,240 1,522,923 1,032,199 479,180 326,357 654,246 517,768 635,815 604,452 771,684 861,856 1,025,130 1,052,474 1,287,135 1,633,624 1,716,631 919,031 475,094 - Fund Balance Actual 1,284,177 1,110,039 2,142,560 1,968,422 1,908,458 1,634,854 2,386,240 1,522,923 1,261,604 708,584 555,762 883,651 747,173 865,220 833,856 1,001,088 1,091,261 1,254,534 1,281,879 1,516,540 1,863,029 1,946,036 1,148,435 704,498 229,405 Notes: 1. Reported to the Housing Commission. 2. Equals the 2003 Fund Balance which was incorrectly recorded in 2003 to the account Due to Others. Since there were no expenditures in 2003, it is equal to 100% of 2003 Demolition Tax Revenue recorded to HTF in 2003. 3. Reporting errors. 4. Anticipated Revenue: 2025 Payment in lieu 664,080 2025 Demolition Tax 130,000 2025 Demolition Permits 15,000 Total 809,080 5. Obligations: Scattered Site Grant Budgeted for 2025 463,550 Operating Grant Budgeted for 2025 94,185 Temporary Housing Assistance 10,000 Total 567,735 K:\_Finance Director\HTF, Peers, Sunset Woods, Ravinia, 1974 Green Bay\Housing Trust Fund\Housing Trust Fund - Fund Balance 2003 - 2025 Page 27 of 76 HOUSING TRUST FUND Schedule of Changes in Fund Balance Actual Through Estimated Total Total3 November Dec 2025 2025 2025 2025 Estimate Budget Beginning Fund Balance (Audited) 1,968,422 2,142,560 1,968,422 2,142,560 Demolition Tax 118,856 (38,856) 80,000 80,000 Demolition Permits 8,350 3,650 12,000 12,000 Reimbursements and Grants - - - Interest Revenue 76,968 14,432 91,400 91,400 4 Contributions/Donations/Transfers - - - - 1 Payment in lieu of Affordable Housing 222,480 (148,320) 74,160 74,160 Proceeds of Ceding Volume Cap - - - Total Revenue 426,654 (169,094) 257,560 257,560 2 Contractual Services (Obligations) 217,093 850,643 1,067,735 1,067,735 Employment Expenses 9,802 2,430 12,232 12,232 Salaries 25,621 10,355 35,976 35,976 Personnel Expenditures 35,423 12,785 48,208 48,208 Total Expenditures 252,516 863,427 1,115,943 1,115,943 Ending Fund Balance 2,142,560 1,110,039 1,110,039 1,284,177 Fund Balance at 150% target 1,673,915 1,673,915 1,673,915 Fund Balance less Obligations and Target (563,876) (563,876) (389,737) Notes: 1. Anticipated Revenue: 2025 Payment in lieu 664,080 2025 Demolition Tax 130,000 2025 Demolition Permits 15,000 Total 809,080 2. Obligations: Scattered Site Grant Budgeted for 2025 463,550 Operating Grant Budgeted for 2025 94,185 Temporary Housing Assistance 10,000 Total 567,735 3. Adopted Budget Page 28 of 76  Memorandum Date: February 4, 2026 To: Housing Commission From: Zubin Coleman, Senior Planner Subject: Peers House Rule Change to Non-Smoking Policy on Property Background Irina Leykin of Evergreen Real Estate Services (ERES) reached out to Staff requesting that the Housing Commission consider a change in the Peers’ House Rules changing Peers to a non-smoking property. Currently, Residents are allowed to smoke inside their units. No smoking is allowed in the common areas or within 15 feet of the main entrances of the building. Proposed House Rule Change ERES Management has received multiple requests from current residents to convert Peers into a non-smoking property due to health concerns associated with second-hand smoke. To implement this change, ERES will revise the existing House Rules (see Attachment 1) to include a non-smoking policy and issue a 60–90 day notice prior to the effective date, requiring residents to sign the updated House Rules acknowledging the policy. ERES Management will inform the Housing Commission with ramifications as a result of any House Rule change. Dec. 3, 2025 HC Consideration This item was recently introduced at the December 3rd, 2025 Housing Commission meeting. ERES explained the reasoning for the proposed rule change to the Commission. Initial reaction to the rule change and reasoning was divided, with some of Commissioners expressing concern for residents who would need to travel further off-property to smoke during the harsh winter months. The Commission also expressed concern that the Peers residents would not be properly notified and not given the chance to voice their disagreement to the proposed rule change. Irina Leykin would later go on to say that any rule change requires a minimum 60-day notice before implementation. After a motion to approve the rule change failed (2-3), a motion was later made to table the rule change to February passed (4-1). 60 days from the Feb. 4th meeting would ensure that no change would be made until the beginning of Spring, where the weather wouldn’t be as harsh as it currently is. Minutes from the December meeting for this item are included as Attachment 2. 1 Page 29 of 76  Memorandum 2019 HC Consideration In 2019, Staff bought a similar non-smoking proposal to the Housing Commission for consideration. The memo (see Attachment 3), highlighted HUD’s no-smoking policy that applies to all federally-funded affordable housing properties. Peers, in addition to Ravinia and Sunset Woods, are not federally-funded properties so a Smoke-Free policy is not required. HUD’s Smoke-Free policy prohibits lit tobacco products in all living units, indoor common areas, administrative offices and all outdoor areas within 25 feet of the housing building. Further, at the March 2019 meeting, the Commission considered potential issues with enforcing a no-smoking policy. Given the privacy of the resident’s units, finding evidence of smoking would require a more thorough level of management attention and enforcement. The Commission was concerned with maintaining this level of enforcement. The 2019 memo also cited past experience that ERES had with implementing No-Smoking policies at other ERES-managed housing properties. At the time, ERES agreed that enforcement issues persisted at the properties where the rule change took place. However, ERES cited their no-smoking policy at other housing properties as a success. By incorporating the policy change, it inevitably reduced the number of resident smokers who moved into their buildings and came to the conclusion that while some issues may occur at the onset of the policy change, those issues could be offset over time when taking new residents into account. At that 2019 March HC meeting, the Commission ultimately did not cite the proposed house rule change as necessary and voted not to establish Peers as an entire non-smoking property. The No-Smoking house rule change has not been bought to Housing Commission for consideration since 2019. Recommendation Staff recommend that the Commission consider a No-Smoking policy change to the House Rules at the Frank B. Peers property. Any change to the house rules requires Housing Commission consideration and approval. An example of the verbiage for the rule change is included in the ERES Smoke-Free Policy FAQ from their other properties (see Attachment 4). 2 Page 30 of 76  Frank Peers House Rules Updated 5/1/2014 1. Alcohol 2. Annual or Other Certifications 3. ApartmentAbandonment 4. Attire/Clothing 5. Barred Guests 6. Bedbug Pest Infestation 7. Behavior 8. Businesses 9. Change in Income of Family Composition 10. Common Areas/Passageways 11. Crime Free/Drug Free 12. Damages 13. Decorating 14. Disturbances 15. Flammable Items/Hazardous Materials/Safety 16. Garbage Refuse 17. Grilling 18. Keys/Locks 19. Mail Delivery 20. Maintenance 21. Minor Household Members or Visitors 22. Mold 23. Occupancy 24. Outdoor Parties 25. Oxygen Use 26. Parking 27. Pets 28. Plumbing 29. Security 30. Smoke Detectors and Carbon Monoxide Detectors 31. Smoking 32. Soliciting 33. Utilities 34. Vandalism 35. Visitors-Visitor Policy 36. VAWA Page 31 of 76 Frank Peers House Rules Updated 5/1/2014 These rules are for the benefit of all residents and are a part of the lease. It is your responsibility to read and understand both the lease and the House Rules. If there is any part of the Lease or House Rules that you do not understand, please contact the Management Office. House Rules may be revised at any time by Management, and residents will be given 30-days notice of any changes. You are responsible for informing your household members and any visitors of these rules. You are responsible for your visitor’s behavior. The Resident Household will be responsible for any Lease and House Rules violations made by your family members and any of your guests. Violations of these rules may cause termination of your lease. The rent collection policy is posted in the site office and in the property handbook. 1. Alcohol Open alcoholic beverages are not permitted in any common areas, on the grounds and or in the parking lot. Residents are required to follow all applicable laws related to serving alcohol in their apartments. Violations of these laws will be considered a material non-compliance violation of the lease. 2. Annual or other Certifications Households are required to recertify at least annually. Households reporting zero income must come to the office every 120 days and complete the Zero Income Affidavit. You are required to report any changes in income of $200 per month or more and changes in household size to the Management Office within 10 calendar days of your receipt of the information. FRAUD: Providing false information or not reporting all of your income may be considered fraud and a violation of the law. If Management determines that a Resident acted fraudulently, termination of tenancy may occur. Fraud is handled as both a civil violation and as a criminal violation. Sexual predator checks and criminal background checks are conducted on all residents age 18 and over during the recertification process. Lease terminations will occur for all households that have had criminal activity within the last 12 months. Regulations require that Management verify personal and income information at various times through EIV (Enterprise Income Verification). This information will assist in matching what a resident has reported as income with the income that is on file with state and federal agencies. If there are discrepancies Management is required to contact the resident and resolve the discrepancies. Residents are required to cooperate with this process or the rent may be increased to market rent until the discrepancy is resolved. Within 10 days of any resident reaching his/her 18th birthday, the resident must come to the office to sign the Notice for Release of Information forms, the Lease and other required paperwork. EIV reports will be run for that resident. 3. Apartment Abandonment .The apartment must be your sole and only residence. If the resident family is absent from the unit for more than 120 days unless for a verified medical reason, the unit will be considered Page 1 of 9 Resident Initials: ___________ Page 32 of 76 Frank Peers House Rules Updated 5/1/2014 abandoned, and the lease will be terminated. If any member of the household is out of the unit for more than 150 days in one year for a non-medical reason, the resident will be removed from the lease. (This does not apply to dependent students living in a dorm) 4. Attire/Clothing Applicants and residents must be appropriately attired in all common areas and when visiting the Management Office. Appropriate attire includes shoes, shirts and appropriate pants or skirts. Attire with gang symbols is not permitted on the property or in any common area. Unacceptable attire in common areas includes: pajamas, robes, bathing suits and clothing that allows displays of underwear or open sores or wounds. 5. Barred Guests Residents are required to inform their guests of the rules and regulations. Guests violating house rules or the resident’s lease will be “barred” from the property. A “Barred” list will be posted in the Management Office. The “barred” person who comes onto the property may be arrested for criminal trespassing. If the resident is seen in the company of a barred” person on the property, or permits a “barred” person onto the property, this is grounds for termination of the lease. Any resident who has been evicted, or was in the process of eviction and moved from the property, is “barred” from returning to the property. 6. Bedbugs, pest infestation: Residents must immediately report to the Management Office any sighting of bedbugs or any other bugs (roaches, water-bugs, fleas and lice) and vermin in your unit, or when you visit another unit. (If the office is closed, the report must be made as soon as the office is open.) If you are uncertain as to whether you have bed bugs or other pests, let the Management Office know immediately so that a maintenance person or a licensed exterminator perform a thorough inspection. New residents must sign the Pest-Free Certification, attached to these House Rules upon move- in. Residents must follow the written procedures for disposal of items that have become infested. A copy of those procedures may be requested from the Management Office. If procedures are not followed, residents may be billed for costs that are incurred as a result. Treatment of an infested unit is not voluntary. Refusal to cooperate with treatment, as approved by Management, will result in a lease violation. 7. Behavior Verbal or physical intimidation, bullying, racial, ethnic or religious slurs of any kind, verbal or physical harassment or threats to residents, residents’ guests, site staff, or contracted vendors, or any activity or behavior that is disruptive to the security or quiet enjoyment of the property by others is not permitted. Residents are responsible for the actions of their guests and family members while on the property. Victims should report such incidents to the police. Residents and/or resident’s guests are not to congregate or loiter in hallways, stairwells, parking lot or grounds. Residents are prohibited from violating local curfew ordinances, engaging in any gang-related activity or interfering with any police activity. Page 2 of 9 Resident Initials: ___________ Page 33 of 76 Frank Peers House Rules Updated 5/1/2014 8. Businesses No business, including volunteer work conducted from your unit, may be operated without prior written knowledge and written permission by Management, as there are specific guidelines for in-unit businesses that must be observed. No advertising of any business may be placed on the property, on the windows or on the buildings or on the City’s property near the buildings. 9. Change in income or family composition: ANY changes in family composition or income must be reported to the Management office within 10 calendar days. This includes new employment, unemployment, loss of job, addition of family members, move-out of any current family members, and change in Student status for high school and institutions of higher education. 10. Common Areas/Passageways All personal possessions must be kept in the apartment. Passages, public halls, stairways and landings are for no other purpose than for ingress (entering) or egress (exiting) from the building or apartments. Residents may not block or obstruct these spaces, nor will anyone be permitted to congregate or play in these areas. Items found in these spaces will be discarded by Management and removal costs charged to the resident. 11. Crime-free and Drug-free Frank Peers is a crime-free and drug-free property. Illegal activity is not allowed on the grounds or in your apartment. Residents involved in any illegal activity (including illegal drug use, holding/storage of illegal items) or permitting their guests to be involved in any illegal activity while on the property will be subject to termination of lease. Any resident harboring a fugitive will be subject to termination of lease. 12. Damages Normal “wear and tear” within apartments is expected. Damages or vandalism to apartments and/or the property are considered lease violations and residents will be billed for the repairs. Residents will be billed separately for damages and/or neglect and payment will be due within 30 days of receipt of the bill. Appliances may only be replaced or changed by the Management Office. Mildew and deterioration caused by turning off refrigerators for any length of time could result in replacement of the appliance at the resident’s expense. No furniture filled with liquid or waterbeds may be brought into the unit. Residents may not dismantle any fire related equipment in their apartments. Batteries may not be removed from smoke detectors. This will result in a lease violation and/or immediate termination of lease. 13. Decorating Any alteration of the apartment may be done only with prior written approval from the Management Office. This includes any painting; stenciling; wallpaper or borders; contact paper; removal of window treatment; removal of carpet or flooring materials; holes in the wall for pictures; or any changes to other property owned surfaces. The property has a schedule for cycle painting and floor replacement and the need to perform those tasks earlier might be Page 3 of 9 Resident Initials: ___________ Page 34 of 76 Frank Peers House Rules Updated 5/1/2014 considered “damages” or beyond “normal wear and tear,” resulting in a lease violation and/or bill to the resident. No sheets, blankets, flags or tapestries may be used as window treatments. Blinds are supplied for each window. No signs, posters, stickers, stenciling, ads, notices or other lettering, or equipment may be placed in windows. No awnings or other items including TV or radio antennas, satellite dishes, or wiring shall be attached to or extend from the outside walls of the building. 14. Disturbances Residents or guests may not disturb other residents with loud noises, i.e. television, music, stereos, game systems. Noise levels must be low enough to remain with your apartment and not be heard from the hallway or another apartment. 15. Flammable Items/Hazardous Materials/Safety For the safety of all residents, residents may not bring onto the premises any firecrackers; fireworks; flammable oils or fluids such as gasoline, kerosene, naphtha, and benzene; or other explosives, which are considered hazardous. Possession of weapon, firearms or ammunition on the property or in your apartment is discouraged. Illegal possession of weapons, ammunition or firearms will result in notification to the police and termination of the lease. Candle use is not permitted in the apartment. Grease must not be left on stoves in pans or in containers. Grease MUST be cleaned from your appliances after use. Papers, clothing or any flammable materials or items may not be left on, in or near the stove. Portable heaters are not to be used in any apartments. Residents may not run extension cord wiring for electrical appliances or fixtures. Cords may not be run from your unit to any common area outlet or electrical room. Windows must not be blocked by any furniture such that exit in case of fire (4th floor or below) is not possible. 16. Garbage/Refuse All residents are required to dispose of refuse in tied plastic bags in the appropriate container. Residents who violate the proper disposal of refuse will be considered to have violated the lease. Littering in or around the building is prohibited. 17. Grilling Depends on property No barbequing, outdoor cooking or open fires are allowed in or around the building except in the designated area. NO grilling may be done in your apartment. 18. Keys/Locks Each household is issued apartment keys and mailbox keys. Residents may not add locks, padlocks, peepholes or chains to any apartment doors. Residents may not change locks in their Page 4 of 9 Resident Initials: ___________ Page 35 of 76 Frank Peers House Rules Updated 5/1/2014 unit without prior written approval by Management. These keys may not be duplicated or given to others. If lost or stolen, the resident must pay for the keys and the locks that must be changed. Chains are not allowed on any doors. Such items will be removed by maintenance, and damages to doors or woodwork will be considered “damages” for which the resident may be charged. 19. Mail Delivery Delivered mail to the property must only be in the resident's name. Mail to anyone else will not be allowed and will be returned to the Post Office. 20. Maintenance Residents are required to report any maintenance needs or repairs to the Management Office promptly to avoid further damages or safety issues. Failure to do so may result in damage charges. Residents are required to allow Management access to their units with proper notice or with no notice in cases of emergency or resident well-being check. Residents must allow access to their apartments for purposes of professional exterminating and are required to properly prepare their apartments for exterminating, as notified by Management. 21. Minor Household Members or Visitors At no time may household members, visitors or guests under the age of thirteen (13) years be left alone in the apartment. Children under that age must be under the supervision of a parent, grandparent, legal guardian or responsible individual over the age of 16 while in the unit, the common areas or outside on the property grounds. Minors under the age of 18 years may not be left overnight without an adult in the unit. There is no playing in the hallways, in the parking lot, in the stairwells or in the elevators, for safety reasons. 22. Mold To minimize the occurrence and growth of mold on the leased premises, residents must: • remove any visible moisture accumulation in the unit, including on walls, windows, floors, ceilings and bathroom fixtures; • mop up spills and thoroughly dry affected area as soon as possible after occurrence; • use exhaust fans in kitchen and bathroom (as supplied) when necessary; and keep climate and moisture on the leased premises at reasonable levels. Residents must promptly notify management in writing or other acceptable form of communication that can be recorded on paper by management, of the presence of the following conditions: • A water leak, excessive moisture, or standing water inside the leased premises; • A water leak, excessive moisture, or standing water in any common areas; • Mold growth in or on the leased premises that persists after resident has tried several times to remove it with household cleaning solution, such as Lysol or Pine-Sol disinfectants, Tilex Mildew Remover, or Clorox, or a combination of water and bleach; • A malfunction in any part of the heating, air-conditioning system in the apartment. Page 5 of 9 Resident Initials: ___________ Page 36 of 76 Frank Peers House Rules Updated 5/1/2014 23. Occupancy The occupancy standards for this property are:  3 Bedroom unit: 3 to 6 people  4 bedroom unit: 4 to 8 people Only those people listed on the official HUD form, the 50059, may occupy the apartment on a permanent basis. There are no exceptions. Residents requesting the addition of other occupants in their apartment must contact the office PRIOR to the move-in of the additional people, including immediate family members. Unauthorized occupants places the resident’s lease and tenancy at risk for eviction. Those requesting residency with a current resident MUST first complete an application and be screened, except in the case of a minor child. Custody or legal guardianship papers must be provided in the case of a minor child Residents who are over housed (too few people for the unit size), will be required to transfer to an appropriate-sized unit when one is available, in accordance with HUD guidelines. Refusal to move in such circumstances will result in the resident being charged contract rent. 24. Outdoor parties, summer Outdoor parties may be hosted by residents for their immediate families only, or as a group of residents together, up to 15 people total, with prior written approval by the Manager. No alcohol or illegal drugs may be served/used at any outdoor party. Any noise disturbances reported by others may be charged as a lease violation against the resident. 25. Oxygen Use Residents who use oxygen are required to follow the safety procedures given to them by the vendor. Those using oxygen may NOT smoke in their apartment for safety reasons. 26. Parking Parking is restricted to marked spaces in the parking lot provided for resident use. At no time may any vehicle be parked on the lawn, walk areas or in marked “No Parking” areas, or blocking walkways or fire exits. Cars must be functioning and running, with all wheels, and not in a ‘junk’ condition. Cars will be towed at the owners’ expense if they are not in compliance with the Parking Policy. Altered or expired parking passing will not be allowed and your guest’s vehicle will be towed. Spaces provided for those with disability placards or disability license plates are to be used only by those who are disabled and have a current and valid placard, license plate or permit from the State displayed on the vehicle. No maintenance work or washing on a car, cycle, van, SUV, etc. is allowed on the property. Cars will be towed at the car owners’ expense if they are not in compliance with the Parking Policy. There is no visitor parking. Page 6 of 9 Resident Initials: ___________ Page 37 of 76 Frank Peers House Rules Updated 5/1/2014 27. Pets Frank Peers has a no-pet policy. This does not apply to assistance animals. Visiting pets and a resident’s baby-sitting of another’s’ pet are not permitted. This does not apply to guests or visitors with an assistance animal. Assistance animals owned by residents must be registered with the Management Office. 28. Plumbing Toilets, sinks and other drains may not be used for any other purpose than those for which they were intended. The resident will be required to pay for any damage, including the plumbing company charges if one must be contacted, resulting from misuse of plumbing in the unit, a common area, or a laundry area. 29. Security Frank Peers has cameras installed on the property. Information obtained from these cameras may be used to demonstrate resident non-compliance with the lease. 30. Smoke Detectors and Carbon Monoxide Detectors Smoke detectors and carbon monoxide detectors for the protection of you and your family. Do not disconnect or remove a smoke detector or carbon monoxide detector (if your unit has one) and do not remove a smoke (or carbon monoxide) detector battery at any time. When the battery in your detector becomes weak, it will make a beeping sound. When this happens, the resident is to report this to the office immediately. Maintenance will replace the battery. Under no circumstances are Smoke or Carbon Monoxide Detector batteries to be replaced by residents. Removing or disabling the smoke or carbon monoxide detector will result in the termination of your lease. 31. Smoking Smoking is not allowed at the management office. If residents and/or their guests smoke in the apartments, it must be done in a safe manner. Do not smoke in bed for safety reasons. 32. Soliciting Door-to-door soliciting is not permitted within the apartment community by outside people/groups, and by other residents. Residents are asked to notify the management immediately when solicitors appear at the door. 33. Utilities All units must have electric service at all times. Utilities paid by the resident (electricity, telephone, cable TV, or other) will be billed directly from the utility company and is the responsibility of the resident to pay. Failure to maintain electric service is cause for termination of your tenancy. Illegal utility hookups between apartments, common areas, maintenance areas, and tampering with utility meters is dangerous and a violation of your lease. Residents who allow another resident to hookup to their utility service and residents who use another resident’s or the property’s utility service through an illegal hookup will be evicted. Page 7 of 9 Resident Initials: ___________ Page 38 of 76 Frank Peers House Rules Updated 5/1/2014 34. Vandalism Vandalism, graffiti, breakage, or damage to Frank Peers building, property equipment or common area furniture, laundry equipment, property buildings, structures, fence, landscaping or other residents’ property, caused by any family member or guest is strictly prohibited. Residents will be required to pay for such damages caused by themselves, children, guests or invitees. Repeated incidents or one serious offense may result in termination of tenancy. Guests, including relatives of the resident causing damages of this nature will be banned/barred from the property. All damages to Frank Peers will be reported to the appropriate law enforcement agency and billed to the resident. 35. Visitors Ravinia Housing has a Visitor Policy and residents who violate that policy are subject to lease violations and subsequent termination of lease. Residents must register all overnight guests, as per the Visitor Policy. Residents’ visitors may not stay at the property in any resident apartment more than 14 consecutive nights or for 45 days intermittently in any calendar year without written consent of management. Residents’ guest(s) may not move to another resident unit at the property after they have stayed the maximum number of days with a given resident. 6.Violence Against Women Act The property is covered under the Violence Against Women Act (VAWA), which applies to both men and women. This gives residents certain protections and support when a resident reports an incident of domestic violence, dating violence, stalking or sexual assault. All witnessed physical or domestic violence incidents must be immediately reported to Police. Any type of violence against another member of your household or any member of the community will immediately result in a report to the police and possible termination of lease. Physical violence, dating violence, stalking or sexual assault by a guest or another resident toward any resident will result in the offender being barred from the property, immediately after the action and permanently when the legal case is resolved. After contacting the police for these incidents, the management office, Security, and the Service Coordinator (if the property has this position), should be informed. Any resident claiming to be a victim of one of these acts covered under VAWA, is asked to report the incident to the police immediately and then complete and sign/date the Certification paperwork (form 91006) to report the incident to management. Instead of this form, documentation by an agent of a victim service provider, an attorney, a medical professional from whom the victim has asked for help is acceptable, under penalty of perjury. This information will be kept confidential from other residents, except to the extent as required by law for legal purposes in a court of law. Once a police report is filed by the victim, and the paperwork is complete and received by management within 10 days, management will evaluate the paperwork, and if the claim appears to be valid, management will work with the victim, the police and Social Services, if applicable to protect the victim in accordance with HUD guidelines for VAWA. Page 8 of 9 Resident Initials: ___________ Page 39 of 76 Frank Peers House Rules Updated 5/1/2014 Guests must comply with the House Rules and it is the responsibility of the resident to ensure that all guests understand these requirements. Residents are accountable for the actions of their guests. All members of the household agree to abide by the above House Rules and acknowledge that they are part of the lease: Resident Signature: ____________________________________ Date: ____/_____/20____ Resident Signature: ____________________________________ Date: ____/_____/20____ Resident Signature: ____________________________________ Date: ____/_____/20____ Resident Signature: ____________________________________ Date: ____/_____/20____ Manager Signature: ______________________________________ Date: ______/_____/20_______ Page 9 of 9 Resident Initials: ___________ Page 40 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS Acting Chair Gonzalez declared that the motion passed unanimously. SCHEDULED BUSINESS 1. Items for Omnibus Vote Consideration • Payment of Invoices • Ratification of Payments Senior Planner Coleman advised there is nothing outstanding. 2. Peers, Ravinia, Sunset Woods Associations, & Housing Trust Fund • Consideration of ERES Management Report and Financials Senior Planner Coleman advised there is nothing outstanding. • Sunset Woods Financials Senior Planner Coleman advised there is nothing outstanding. • Housing Trust Fund (HTF) Financials Senior Planner Coleman advised there is nothing outstanding. • Other Association Business Senior Planner Coleman advised there is nothing outstanding. OLD BUSINESS There was no Old Business. NEW BUSINESS 1. Peers – House Rule Change to Consider No-Smoking Policy Change Senior Planner Coleman illustrated a memo that Evergreen Staff initiated regarding the No-Smoking Policy Change at Peers. He noted, in the past, it was agreed to not place a rule or enforce same. Senior Planner Coleman referred to Page 2 of the document and read language of the rule change. Ms. Leykin provided verbage used at other properties. Some HC comments are: • Commissioner Rosen asked why this is being brought forward now. Ms. Leykin said there have been complaints about second-hand smoking. Air purifiers clear the air but not in their entirety. She noted most of HUD’s properties have a No-Smoking Policy in common areas. Tenants do smoke in their units. There is no way to enforce it (cannot evict). This policy will encourage people to not smoke in their unit. They may walk away from the front door to do so. • Commissioner Beasley asked: o where the information on no-smoking is. Ms. Leykin said a device was used to measure smoke. She shared violations and notifications have been given about non-HUD buildings Page 2 Housing Commission December 3, 2025 Page 41 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS o Ms. Leykin explained most ERES-managed buildings have non-smoking policies. • Commissioner Shapiro Kopin advised Sunset Woods recently declared a non-smoking policy. • Commissioner Farris noted this provides a deterrent. • Ms. Leykin stated that Housing Commission (controlling entity) determines what the policy is. She oversees 11 properties, and none allow smoking. She noted Walnut Place had a smoking policy. It is now under consideration to have a non-smoking policy. • Commissioner Shapiro Kopin said this is beneficial for health reasons. • Acting Chair Gonzalez asked how elderly or handicapped residents can go outside to smoke. Ms. Leykin advised the City of Highland Park authorizes a place for smoking. • Commissioner Farris said there is a burden to have an elderly or handicapped person walk 25’ from the front door. • Acting Chair Gonzalez said he is in favor of this new policy, but all aspects should be considered. Ms. Leykin said they need to act on these concerns. • Commissioner Farris asked, and Senior Planner Coleman responded that this could be continued • Commissioner Beasley would appreciate the opportunity for Peers residents to come forward and provide feedback on rule change. • Commissioner Beasley asked if this could apply only to new residents. Ms. Leykin said that would go against the Fair Housing Act. Senior Planner Coleman reminded this is the first meeting for consideration of this new policy. Commissioner Shapiro Kopin moved to approve the current proposal for the House Rule Change. Acting Chair Gonzalez seconded the motion. Commissioner Rosen believes smoking shouldn’t be prohibited. He suggested perhaps residents be alerted that there may be a change coming. Commissioner Beasley is concerned about mobility to get to the designated area outside. On a voice vote: Voting Yea: Acting Chair Gonzalez & Commissioner Shapiro Kopin Voting Nay: Commissioners Beasley, Farris, Rosen Staff declared the motion failed 2-3. Additional HC comments are: • Commissioner Farris asked that this topic be on the agenda for the February meeting. • Commissioner Shapiro Kopin said, regarding cold weather, this is not to evict residents. It’s just to recommend smokers go outdoors for a 5-minute smoke. She recalled there still has to be a policy implemented for evictions. • Commissioner Beasley reminded there was a precedent not to put this policy in place previously. • Commissioner Rosen said a policy could happen, but he would like time be given to residents to digest this change. Then he could vote yes in the future. Page 3 Housing Commission December 3, 2025 Page 42 of 76  MINUTES OF A REGULAR MEETING OF HOUSING COMMISSION OF THE CITY OF HIGHLAND PARK, ILLINOIS • Acting Chair Gonzalez said there are health issues. He asked what other information is necessary. • Commissioner Farris prefers that ample notice be given to residents. Ms. Leykin said this is food for thought. She explained there would be a process. A minimum of 60 days must be given for a House Rule Change. • Commissioner Shapiro Kopin said she would like to see the process begin now. • Commissioner Beasley said minor tweaks could occur, feedback could be given from residents. Commissioner Beasley moved to continue this matter to the February HC meeting. Acting Chair Gonzalez seconded the motion. On a voice vote: Voting Yea: Acting Chair Gonzalez; Commissioners Beasley, Farris, & Rosen Voting Nay: Commissioner Shapiro Kopin Staff declared the motion passed 4-1. Commissioner Shapiro Kopin identified some typos in the House Rule Policy. Ms. Leykin will forward same to the Compliance Department. 2. Approving Peers, Ravinia, & Sunset Woods Association 2026 Budgets Senior Planner Coleman referred to the agenda packet. He said there isn’t much difference from last year. Some HC comments are: • Commissioner Shapiro Kopin asked if there is a change in the budget regarding reserve analysis for Ravinia. Ms. Leykin explained the first column/withdrawals and second column. She noted things can change after the auditor’s review regarding taking money from reserves. There is a different format for reserves. Ms. Leykin can provide same. Senior Planner Coleman explained the City’s formats. • Commissioner Rosen asked, and Senior Planner Coleman explained the information part is being accumulated. Repairs and expenses will be known further in January, 2026. Commissioner Farris moved to approve the 2026 budgets for Peers, Ravinia, and Sunset Woods Associations. Commissioner Rosen seconded the motion. On a roll call vote Voting Yea: Acting Chair Gonzalez; Commissioners Beasley, Farris, Rosen, & Shapiro Kopin Voting Nay: None Acting Chair Gonzalez declared that the motion passed unanimously. 3. Outgoing Commissioner Proclamation – Marcia Bernstein Senior Planner Coleman said Commissioner Bernstein is not feeling well and couldn’t make tonight’s meeting. He said she has been serving the HC since 2018 and read the Proclamation. Commissioner Rosen moved to approve the Proclamation for Commissioner Bernstein. Commissioner Shapiro Kopin seconded the motion. Page 4 Housing Commission December 3, 2025 Page 43 of 76 63 Page 44 of 76 64 Page 45 of 76  (Resident FAQ) Frequently Asked Questions Regarding the Smoke Free Facility Policy Will I have to move or be evicted because I smoke? No. A smoke-free initiative is not a "no-smoker" initiative- smokers will simply have to step outside and at least 25 feet away from the building to an allowable area. However, repeated violations of the rules may result in termination of tenancy. While smoking is prohibited, applicants should not be denied occupancy and existing tenants should not be evicted, simply because they are smokers. We will also make available for you resources if you are looking to cut back or quit smoking. Please contact the management office for these contacts and resources. What Is Secondhand Smoke? The American Lung Association defines secondhand smoke is a mixture of the smoke given off by the burning end of a smoked tobacco product and the smoke exhaled from the lungs of smokers. Secondhand smoke contains hundreds of chemicals known to be toxic or cancer causing, including formaldehyde, benzene, vinyl chloride, arsenic, ammonia, and hydrogen cyanide. Secondhand smoke is also called environmental tobacco smoke and exposure to secondhand smoke is called involuntary smoking, or passive smoking. There is no safe level of second hand smoke exposure. Why is the smoke-free initiative program a benefit to me and my family? The smoke-free initiative will significantly reduce the exposure to secondhand smoke which is a recognized health hazard. Additionally, your building will smell fresher and cleaner, and the risk of fire will be reduced. Lastly, having a no smoking policy will also lessen the risk of fire. Smoking is the leading cause of fire death in the United States. According to the National Fire Protection Association's report "The Smoking-Material Fire Problem," nearly one in four (24%) victims who die in residential smoking-related fires is not the smoker whose cigarette started the fire. The National Fire Protection Agency reported that U.S. fire departments responded to an estimated 82,400 smoking- material fires in 2012. These fires caused 800 civilian deaths, 1,660 civilian injuries, and $575 million in direct property damage. Fires caused by smoking are costly, deadly, and leave many people with damaged property and no place to live. It is for these compelling reasons that we developed the following sample house rule change that will be used as part of this program. What is the smoke-free initiative for my building, and how will it be enforced? You will be provided with a copy of the new house rules before they are implemented. The following provision will be added to the current house rules. Repeated violations of the non­ smoking policy may result in termination of tenancy. Page 46 of 76 Sample "house-rule" provision: This property is a smoke free facility. Due to increased risk of fire and the known health effects of secondhand smoke, smoking is prohibited in any area of the property, both private and common, indoors, and within 25 feet of the building(s) including entryways, balconies and patios, as well as all exterior common use areas, playground areas and near any exterior window or door. This policy applies to all residents, guests, and service persons. Residents are responsible for ensuring that all household members and guests comply with this rule. The term "smoking" is defined as inhaling, exhaling, burning or carrying any lighted cigarette, cigar, pipe, or other products, including marijuana and e-cigarettes. What if marijuana is legal in my state for medical or recreational use? All smoking products are prohibited in our building to both reduce the risk of fire and to avoid the spread of second hand smoke to other residents. This includes marijuana. Regardless of the purpose for which legalized under state law, the use of marijuana in any form is illegal under the Controlled Substance Act (CSA) and therefore is an illegal controlled substance. Why are a-cigarettes prohibited? Electronic cigarettes, also known as e-cigarettes or vapor cigarettes are battery operated devices that resemble traditional cigarettes. Instead of burning tobacco, they contain cartridges filled with nicotine and other chemicals. When the e-cigarette is used, the liquid chemicals in the cartridge are turned into a vapor or steam that is inhaled by the smoker. The California Department of Department of Health recently issued a warning about the dangers of e-cigarettes, citing that the vapor or steam they produce contain at least 10 chemicals known to cause cancer or birth defects. Signs will be posted throughout the building and property notifying residents, their guests, and vendors of the smoke-free initiative. Warning notices, counseling and attorney action will be initiated for failing to follow the smoke-free initiative just as for not following any other house rule. Page 47 of 76  Memorandum Date: February 4, 2026 To: Chair Fernandez-Sykes and Housing Commissioners From: Zubin Coleman, Senior Planner Subject: Sunset Woods Housing Association – Mortgage Refinance Sunset Woods Association (SWA) Mortgage Background The Sunset Woods Association (SWA) currently has a loan with the First Bank of Highland Park (also known as First Bank Chicago) for 12 of the 14 rental units owned by the City within the Sunset Woods Condominiums at 891 Central Avenue. The remaining two units are not covered by this mortgage loan, as they were purchased separately by the City in 2008 & 2009 with proceeds from a loan for the Peers building. The loan, created in 2012, matures in five-year cycles. Each time the loan has neared its five-year maturation date, the Commission’s approved a five-year refinance extension for the loan to remain with First Bank Highland Park (FBHP). FBHP also benefits from holding this loan by qualifying for and receiving Community Investment Tax Credits 1. The loan, which received Housing Commission-approved extensions in 2017 and 2022, is up for another five-year extension in April 2027. The current loan terms are as follows: Note Number 3180 Note Issue Date 7/26/2012 Maturity Date 4/26/2027 Interest Rate 5.25% Balance $321,556.60 Mark Zisook, Senior Vice President at FBHP, informed Staff that the renewal process for the loan cannot begin until the loan maturity date is less than one year out (4/27/2027). Any of the below three options for the mortgage loan must be exercised by the Commission. Commission Direction for Loan Refinance Options 1. The Commission can request another five-year extension with FBHP and direct Staff to meet with FBHP any time after April 26, 2026 to lock in an extension with the current loan terms, if possible. 1 The Community Investment Tax Credit (CITC) program is a State of Illinois tax credit program designed to enable local residents and stakeholders to invest in local community development corporations (CDCs) to improve economic opportunities for low and moderate-income households. SWA is considered a CDC. 1 Page 48 of 76  Memorandum 2. The Commission can request that Staff discuss another five-year extension with FBHP but obtaining an extension with different loan terms, any time after April 26, 2027. 3. The Commission can direct Staff to go out and issue a Request for Bids (RFB) to find a new banker for the remainder of the loan, with the goal of obtaining better loan terms. It will take Staff time to curate the RFB and obtain bids, so this process would need to start immediately. Recommendation Staff recommends that the Commission consider the three loan options listed and direct Staff to act on one of the three options. 2 Page 49 of 76  800 S. Milwaukee Ave., Suite 201 Libertyville, IL 60048 June 19, 2025 Joel Fontane Community Development City of Highland Park 1150 Half Day Road Highland Park, IL 60035 Dear Joel, As requested during our recent meeting, this letter provides an estimate of our budgeted Community Land Trust (CLT) project expenses for FY2026 budgeting purposes. Last year (2024 scattered-site grant), CPAH added three CLT homes to Highland Park’s inventory of permanently affordable homes. Total project expenses for acquisition, rehabilitation, carrying costs (i.e. insurance, utilities, property taxes), and closing costs averaged to be approximately $428,666 per home. Specifically, CPAH added one 2bd/1bth single family home at a cost of $396,000, one 3bd/2bth single family home at $425,000, and one 4bd/2bth single family home at $465,500. Bear in mind these are now fully rehabilitated, energy efficient homes that meet current code standards. This year, we are currently rehabilitating three homes (2025 grant) that are estimated to cost, on average, approximately $440,000 per home (all 3-bedroom single family homes). The Highland Park Housing Trust Fund contribution per home is $97,850 this year, with the remaining costs being covered by sales proceeds (approximately $210,000), federal grants (approximately $125,000 per home), and private donations. Increased home prices and the lack of available supply has made it very difficult to add CLT homes over the past few years. However, we still successfully added three CLT homes per year with relatively modest increases to the Highland Park Housing Trust Fund contribution. It is difficult to predict what the housing market and federal funding landscape will look like next year. Nonetheless, we understand there is a need to estimate our costs next year for the City’s budgeting purposes. At this point, we are not expecting a big jump in home prices next year. In fact, we’re beginning to see a little more supply being available compared to the past two years. However, there are drastic cuts being proposed to federal grant programs such as HOME and CDBG that we rely on to subsidize Highland Park’s CLT homes. The President’s current “skinny budget” proposes the complete elimination of both the HOME and CDBG programs. The President proposed the elimination of these programs during his first term in office as well but congress did not approve the elimination. However, there were substantial cuts to both programs. It is difficult to know how much would actually be cut next year but several proposals are estimating cuts of up to 50%. w w w. c p a h o u s i n g . o r g phone 847.263.7478 fax 847.263.9381 Page 50 of 76 Based on the anticipated cuts to federal programs, we would like to request an increase of the 2026 Highland Park Housing Trust Fund contribution from $97,850 per home to $125,000 per home (approximately a 25% increase). If the Housing Commission would like to add three CLT homes again next year (in addition to the townhomes on Deerfield Road), we would therefore like to request a budgeted amount of up to $375,000. CPAH would only draw funds as needed – i.e. if less than $375,000 was needed we would draw less and/or or perhaps we would only need to draw $100,000 on one home and $150,000 on another - so long at the total does not exceed $375,000. As always, please don’t hesitate to contact me at 847-263-7478 ext 22 or ranthony@cpahousing.org if you would like to discuss further. Sincerely, Rob Anthony, President Page 51 of 76  THE HIGHLAND PARK HOUSING COMMISSION RESOLUTION NO. 01-2026 A RESOLUTION APPROVING A SCATTERED SITE GRANT AGREEMENT WITH COMMUNITY PARTNERS FOR AFFORDABLE HOUSING WHEREAS, the Highland Park Housing Commission ("Commission") is an independent municipal corporation created pursuant to Section 33.1101 of "The Highland Park Code of 1968," as amended ("City Code"); and WHEREAS, pursuant to Section 33.1133 of “The Highland Park Code of 1968,” as amended (“City Code”), the Commission is solely responsible for the City of Highland Park Affordable Housing Trust Fund ("Housing Trust Fund"); and WHEREAS, the purposes of the Housing Trust Fund include: (i) to provide financial resources to address the affordable housing needs of individuals and families of low- and moderate­ income households who live or work in the City by promoting, preserving, and producing long-term affordable housing and related services; and (ii) to provide support for not- for-profit organizations that actively address the affordable housing needs of low- and moderate-income households; and WHEREAS, the Commission desires to enter into an agreement with Community Partners for Affordable Housing (“CPAH”) for the provision of a grant by the Commission from the Housing Trust Fund to CPAH, in the amount of $375,000, to be used by CPAH for the acquisition of at least three properties for an amount averaging $125,000 for each property; and used as affordable housing (“Scattered Site Agreement”); and WHEREAS, Section 33.1133(C)(l) of the City Code requires that disbursements from the Housing Trust Fund shall not be made except by the City Finance Director upon the written direction of the Housing Commission, by resolution duly adopted; and WHEREAS, the Commission has determined that it will serve and be in the best interest of the Commission, the City, and its residents to enter into the Scattered Site Agreement with CPAH, authorize the Finance Director to disburse up to the total grant award of $375,000, but only upon one or more Disbursement Resolutions duly adopted by the Housing Commission and for the monetary amount specified in the Disbursement Resolutions, and in accordance with the terms and conditions of this Resolution; NOW, THEREFORE, BE IT RESOLVED BY THE HIGHLAND PARK HOUSING COMMISSION, as follows: SECTION ONE: RECITALS. The foregoing recitals are incorporated into, and made a part of, this Resolution as findings of the Highland Park Housing Commission. SECTION TWO: APPROVAL OF AGREMEENT. The Commission hereby approves the Scattered Site Agreement by and between the Commission and CPAH, in {00116372.1} Page 52 of 76 substantially the form attached to this Resolution as Exhibit A, and in a final form to be approved by the Chairman and Corporation Counsel of the Commission. SECTION THREE: EXECUTION OF AGREEMENT. The Chairman of the Commission is hereby authorized and directed to execute and attest, on behalf of the Commission, the Scattered Site Agreement and all necessary documentation related thereto. SECTION FOUR: EFFECTIVE DATE. This Resolution will be in full force and effect upon its passage and approval by a majority of the members of the Housing Commission. AYES: NAYS: ABSENT: ABSTAINED: RECUSED: PASSED: APPROVED: _________________________________ Isis Fernandez-Sykes, Chair ATTEST _____________________________________ Zubin Coleman, Staff Liaison {00116372.1} Page 53 of 76  EXHIBIT A SCATTERED SITE AGREEMENT {00116372.1} Page 54 of 76  GRANT AGREEMENT Between COMMUNITY PARTNERS FOR AFFORDABLE HOUSING and CITY OF HIGHLAND PARK HOUSING COMMISSION This GRANT AGREEMENT (the “Agreement”) is entered into as of February 4, 2026, between COMMUNITY PARTNERS FOR AFFORDABLE HOUSING, a 50l(c)(3) nonprofit corporation, with offices at 800 Milwaukee Avenue, #201, Libertyville, IL 60048, and the CITY OF HIGHLAND PARK HOUSING COMMISSION, an Illinois municipal corporation, with offices at 1150 Half Day Road, Highland Park, IL 60035. SECTION 1. RECITALS. A. The Housing Commission was created by the City of Highland Park, Illinois (“City”) for purposes of promoting the development and preservation of decent, affordable housing in the City. B. The Housing Commission administers the Highland Park Affordable Housing Trust Fund (“Fund”), which Fund was established pursuant to ordinance of the City in May 2002. C. On February 4, 2026, the Housing Commission considered and approved a motion to approve a grant in the amount of up to $375,000 for the purchase of three residential units to be maintained permanently as affordable housing units (“Grant”), subject to, among other things, the Housing Commission and Grantee entering into this Agreement and certain other documents and agreements evidencing, securing and/or pertaining to the Grant (collectively, the “Grant Documents”). NOW, THEREFORE, in consideration of the mutual agreements herein contained, the Parties agree as follows: SECTION 2. DEFINITIONS. Whenever used in this Agreement, the following terms have the following meanings, unless a different meaning is required by the context: “Completion Date”: For each Property that is sold by Grantee to third-party purchasers, the date which is eighteen months after the date on which Grantee conveys to a third-party purchaser its ownership interest in that Property. “Effective Date”: The date set forth in the first paragraph of Page 1 of this Agreement. “Grant”: The funds that the Housing Commission has agreed to provide to Grantee pursuant to the terms of this Agreement. “Grantee”: Community Partners for Affordable Housing, a 50l(c)(3) nonprofit corporation. {00115931.6} Page 55 of 76 “Housing Commission”: The City of Highland Park Housing Commission, an Illinois municipal corporation, and its authorized designees. “Parties”: The Housing Commission and the Grantee, collectively. “Schedule of Construction”: The schedule for commencement and completion of construction of the Project, as set forth in Exhibit C which is attached to and incorporated herein by reference. SECTION 3. PURPOSE AND SCOPE. Grantee intends to enter into contracts for the purchase of single-family, condominium, or townhome dwellings located at one or more scattered sites in the City, together with all improvements and fixtures thereon and all personal property located on or used in connection therewith (collectively, the “Properties”). Grantee proposes to acquire, and make available for purchase or rental by low-income and moderate-income households, the Properties, in accordance with this Agreement, and as more specifically described in the project summary set forth in Exhibit A attached hereto and incorporated herein by reference (“Project Summary”). The development and sale activity, and all related undertakings by Grantee, is/are referred to in this Agreement as the “Project”. SECTION 4. PERFORMANCE OF PROJECT. A. Project Schedule. Grantee shall undertake the Project pursuant to the Project Summary and the Schedule of Construction, and shall notify and consult with the Housing Commission whenever any event prevents the timely completion of the Project. B. Project Construction. Grantee shall construct the Project, or use reasonable efforts to ensure that the Project is constructed, in the manner contemplated by the Project Summary. Neither the Project Summary nor the Schedule of Construction shall be modified or amended except upon the prior written approval of the Housing Commission. C. Leases. Properties for which Grantee will retain ownership, for lease to third-party tenants, must be made available for lease not later than the date that is six months after the date of completion by Grantee of necessary rehabilitation of each respective Property. All leased Properties must be maintained at all times in a good and habitable condition and in accordance with all applicable property maintenance laws and regulations. SECTION 5. GRANT DISBURSEMENTS. A. Draw Requests. Subject to the terms and conditions of this Agreement and the other Grant Documents, the Housing Commission shall provide the Grant to the Grantee pursuant to written draw requests submitted by Grantee to the Housing Commission (“Draw Request”); provided, however, that the Housing Commission shall have no obligation to disburse any portion of the Grant to the Grantee except upon delivery by the Grantee to the Housing Commission of the following documents and information, in form and substance satisfactory to the Housing Commission and its counsel in their sole discretion: {00115931.6} Page 56 of 76  1. Evidence Regarding the Acquisition of the Properties. CPAH shall provide the Housing Commission with evidence of the seller, location, and anticipated purchase price of the specific Property or Properties to which the particular Draw Request pertains. 2. Compliance with Housing Commission’s Requirements. A certification from Grantee that Grantee, to its best knowledge, has complied with the Housing Commission’s requirements set forth in Grantee’s Grant Application, as approved by the Housing Commission. 3. Evidence Regarding Funding for Project. Evidence (a) of all of Grantee’s funding commitments, and (b) that Grantee’s sources and applications of funds for the Project, including all equity, debt and grant funds, have not materially changed in any way that would adversely affect Grantee’s ability to perform under this Agreement. 4. Marketing Plan and Resident Selection Plan. A marketing plan and resident selection plan for the Properties. 5. Pricing of Units. Documentation on the pricing of the Properties, as stated in the Project Summary. 6. Compliance with Uniform Relocation Act. Evidence of its compliance with the relocation noticing provisions and a copy of its relocation plan, to the extent applicable, as required by the Uniform Relocation Act, 42 U.S.C. 61 et seq. 7. Additional Documents. Such other documents as the Housing Commission, its designees, or its counsel may reasonably request as a condition precedent to disbursement of any portion of the Grant. B. Deadline for Submittal of Draw Requests. Grantee shall submit all Draw Requests within 24 months after the Effective Date of this Agreement; provided, however, that Grantee may request an extension of such date, which request shall be reviewed by and shall be subject to approval by the Housing Commission, in its sole discretion. The Parties acknowledge and agree that the granting of any such extension shall not require an amendment to this Agreement. Grantee acknowledges and agrees that it will have no right or claim to any portion of the Grant for which a Draw Request is not timely submitted in accordance with the requirements of this Section 5.B. C. Draw Request Amounts. Each of the three draw request may differ in amounts. Unlike prior years’ Scattered Site grants, the total grant amount does not need to be evenly divided by the number of committed homes for this 2026 Scattered Site grant. For any of the three committed 2026 Scattered Site homes, their draw request may exceed $125,000, provided that the combined three draw requests do not exceed the approved $375,000 amount. For example, if the first draw request exceeds $125,000 then at least one of the remaining two draw requests must be less than $125,000, ensuring the Grantee does not surpass the total approved grant amount. SECTION 6. LEASES AND TRANSFERS OF PROPERTY. To protect and maintain the goals of Grantee and the Housing Commission, at no time shall title to any portion of any Property be leased, transferred, or encumbered except in compliance {00115931.6} Page 57 of 76 with the requirements set forth in this Section 6. For purposes hereof, “transfer or encumbrance” includes (a) any sale, lease, sublease, conveyance, assignment, pledge, or mortgage of any portion of, or interest in, any Property, and (b) any transfer, encumbrance, or pledge of any ownership or controlling interest in (i) Grantee; (ii) any other entity that owns or occupies any of the Properties or any part thereof; or (iii) any constituent (e.g. shareholders, partners, or members) of Grantee or any such owning or occupying entity. A. Execution and Recordation of Restrictive Covenant. Not later than three business days after acquiring a Property, and prior to leasing, transferring, or encumbering any Property, Grantee must execute and record a restrictive covenant against the Property to preserve the affordability of the Property (“Restrictive Covenant”), in the general form of Exhibit B attached hereto and incorporated herein by reference. In connection therewith: 1. The Restrictive Covenant must contain, without limitation, the following provisions: a. The seller of the Property must provide written notice to the Housing Commission of any transfer of ownership of any portion of the Property, which notice must include the full contact information of the new owner(s) of the Property; b. The Property must be maintained, operated, marketed, and used as affordable housing in strict compliance with the then-applicable marketing plan, resident selection plan, and pricing documentation submitted by Grantee pursuant to Sections 5.A.4 and 5.A.5 of this Agreement, except as may be approved by the Housing Commission, by resolution duly adopted, in its sole and absolute discretion; c. The Housing Commission may enforce the Restrictive Covenant, which enforcement may include specific performance, the filing and foreclosure of liens, and reimbursement of the Grant; and d. In the event of a change in law that affects the existence or organization of the Housing Commission, the City of Highland Park may exercise all rights granted to the Housing Commission pursuant to the Restrictive Covenant. 2. In the event that Grantee has granted any mortgage or other security interest in any Property prior to recordation of the Restrictive Covenant, the mortgagee or holder of the security interest must either: (a) release its mortgage or security interest prior to recordation of the Restrictive Covenant; or (b) agree in writing to subordinate its interest in the Property to the Housing Commission. B. Marketing, Resident Selection, and Unit Pricing. All Properties for which a Draw Request has been submitted by the Grantee and approved by the Housing Commission must be maintained, operated, marketed, and used in strict compliance with the then-applicable marketing plan, resident selection plan, and pricing documentation submitted by Grantee pursuant to Sections 5.A.4 and 5.A.5 of this Agreement, except as may be approved by the Housing Commission, by resolution duly adopted, in its sole and absolute discretion. {00115931.6} Page 58 of 76  C. Transfers and Encumbrances. No portion of any portion of any Property be leased, transferred, or encumbered without the prior written consent of the Housing Commission in each instance, unless such transfer or conveyance complies in all respects with the terms and conditions of this Agreement and of the Restrictive Covenant; provided, however, that Grantee may transfer all or any portion of a Property to a wholly-owned subsidiary, parent corporation, or affiliate of Grantee upon notice to, but without the need for written consent of, the Housing Commission. SECTION 7. REPORTING AND NOTICES. So long as this Agreement is in effect, Grantee shall: A. Progress Reports. Deliver to the Housing Commission, on a quarterly basis or on such other timeline as requested by the Housing Commission, progress reports in form and substance acceptable to the Housing Commission, setting forth such information as the Housing Commission shall require, including but not limited to pricing of the Properties, income qualifications of initial purchasers of the Properties, stages of completion of construction, schedule updates, reports on the use of funds, evidence of Grantee’s financial status, and performance relative to the Agreement in a form to be provided by the Housing Commission. To further permit the verification of such status, Grantee will permit any person designated by the Housing Commission to visit and inspect the Project, and to review the books and financial records of Grantee, and Grantee will discuss its affairs, finances and accounts with the Housing Commission at such reasonable times and as often as may be requested by the Housing Commission. B. Quarterly Reports to Housing Commission. CPAH shall provide the above quarterly reports on the following schedule: May 1, 2026, August 1, 2026 November 1, 2026, January 1, 2027. C. Notice to Be Provided to Housing Commission. Promptly give written notice to the Housing Commission as soon as reasonably possible of: 1. Any condition, event or act which constitutes an Event of Default (as defined in Section 12 of this Agreement) or which, with the giving of notice or lapse of time, or both, could constitute an Event of Default under this Agreement; 2. Any pending material litigation or any government order specifically and materially affecting Grantee or the Project; 3. Any change of name, address, identity, or ownership of Grantee; 4. Any other event or fact which may reasonably be deemed by the Housing Commission to adversely affect the financial or operating conditions of either Grantee or the Project; and 5. Any other event or fact for which notice is required by this Agreement or other applicable law or regulation. {00115931.6} Page 59 of 76  SECTION 8. RECORDKEEPING, MONITORING, EVALUATION AND AUDIT. A. Retention of Records. Keep such beneficiary and other demographic records and financial information as the Housing Commission may require. Such records will include information pertaining to (1) authorizations, obligations, unobligated balances, assets, liabilities, outlays, and income as applicable, and (2) Project performance and efforts to comply with the provisions of the Agreement. All such records, and all other records pertinent to the Grant and work undertaken as part of this Agreement, shall be retained by Grantee for the duration of the Agreement. Grantee shall furnish the Housing Commission with any periodic reports it may request pertaining to the activities undertaken under this Agreement, and certify the accuracy of the information contained in the periodic reports, including any close-out reports, the costs and obligations incurred in connection with the Project and any other matters covered by this Agreement. Grantee shall furnish the Housing Commission operating statements, if any, and other such financial and Project information which it shall require. Failure to submit requested reports or records within a reasonable time after request may result in termination of this Agreement. If any claim, litigation, or audit is started before expiration of this Agreement, the records shall be retained by Grantee until all litigation, claims, or audit findings involving the records or the Agreement have been fully resolved or terminated. B. Access to Property. During the Project, Grantee shall grant representatives and designees of the Housing Commission access to the Properties on a monthly basis, or such other time as reasonably requested by the Housing Commission, for the purpose of inspecting Grantee’s progress in completing the Project and for review of Grantee’s and the Project’s books and records, all at Grantee’s cost and expense. SECTION 9. OTHER TERMS AND CONDITIONS. A. Recognition of Housing Commission’s Contribution. Give recognition to the Housing Commission for its contribution to the Project in any advertisements (printed or radio and television) that promote the Project, and in any literature, programs, leaflets, flyers and other materials that promote the Project. B. Compliance with Fair Housing Amendments Act. At all times (i) manage the Project in compliance with the Fair Housing Amendments Act of 1988 and any similar State of Illinois fair housing laws, and (ii) affirmatively market the Project to all eligible beneficiaries in a non-discriminatory manner. C. Compliance with Laws. Take all actions necessary to preserve its right to continue business and operate within the limits set forth in its governing corporate or partnership documents, and under the applicable laws, regulations and ordinances of the United States of America, and any state or political subdivision thereof. SECTION 10. NEGATIVE COVENANTS. So long as this Agreement remains in effect, Grantee shall not, without the prior written consent of the Housing Commission: {00115931.6} Page 60 of 76  A. No Violation of Laws. Permit any violation or notice of violation of any law, ordinance or regulation of any governmental authority, during or after construction of the Project, including all environmental laws, ordinances or regulations. B. No Change in Nature of Business. Substantially change the nature of Grantee’s business from that currently being conducted; or change the nature or scope of the Project. C. No Religious Service Requirements. Require persons to participate in any religious service as a condition of receiving shelter or any other housing related assistance. D. No Conflict of Interest. The Grantee will ensure that it has adequate procedures in place to enable early identification and effective management of any conflicts of interest which it or its Staff may have in relation to this Agreement. Upon identification by Grantee of a conflict of interest, it will notify the Housing Commission of the conflict and of its proposed plan for management of the conflict. SECTION 11. TERMINATION OF CERTAIN OF GRANTEE’S OBLIGATIONS. As of the respective Completion Date for each Property sold by Grantee to a third-party purchaser, Grantee’s obligation to deliver progress reports to the Housing Commission as set forth in Section 7.A of this Agreement for such Property shall be on an annual basis (rather than a quarterly basis), or on such other timeline as the Housing Commission may request. SECTION 12. EVENTS OF DEFAULT AND ENFORCEMENT. A. Event of Default. If Grantee defaults in the performance or observance of any covenant, agreement or obligation under this Agreement, the Restrictive Covenant, or any other Grant Document, or if the Housing Commission at any time reasonably believes after appropriate inquiry that completion of the Project is impaired, or has reason to believe after appropriate inquiry that the Project will not be approved by the appropriate governmental and regulatory authorities, and if such default or non-performance remains uncured for a period of 60 days after written notice specifying such default and the actions required to correct the same shall have been given by the Housing Commission to Grantee or other such person, then such uncured breach or default shall constitute an “Event of Default” hereunder. B. Any Action at Law or In Equity. Upon the occurrence of an Event of Default under this Agreement, the Housing Commission may take whatever action at law or in equity as it deems most effectual to enforce the obligations of Grantee under this Agreement and to abate, prevent or enjoin any violation or attempted violation of the provisions of this Agreement as a result of such Event of Default or violation or attempted violation of the provisions of this Agreement; provided, however, that under no circumstances shall the Housing Commission have the right to recover monetary damages against any of Grantee’s officers, directors, or shareholders in their personal capacities. Nothing in this Section 12.B shall be deemed or interpreted as prohibiting the Housing Commission from recovering monetary damages from Grantee or from any third-party purchaser of any portion of any of the Properties. {00115931.6} Page 61 of 76  C. Specific Performance and Appointment of Receiver. In addition to any and all other available remedies, Grantee hereby consents and agrees that any one or more of the following remedies shall be available upon the occurrence of an Event of Default hereunder: 1. Specific Performance. Grantee hereby acknowledges and agrees that specific performance of the covenants and requirements of this Agreement shall be necessary to achieve the intent hereof; that no appropriate remedy at law would be available upon an Event of Default hereunder, or if available, any such remedy would be inadequate to implement the public purposes hereof; and that the Housing Commission would be irreparably injured by Grantee’s failure specifically to perform the covenants and requirements hereof; and, therefore, that the Housing Commission shall have the right to seek specific performance of any of the covenants and requirements of this Agreement or an order enjoining any violation of this Agreement, including voiding any rental or leasing arrangement, any contract for sale, or any sale or other transfer or conveyance of any of the Properties in violation of the terms of this Agreement. 2. Appointment of Receiver. Grantee hereby agrees that the appointment of a receiver for the Project may be necessary to prevent waste to the Properties following an Event of Default under this Agreement and, therefore, that the Housing Commission may require the appointment of a receiver for the Project to ensure the prompt and faithful performance of the terms and conditions of this Agreement. D. Reimbursement; Damages. In addition to any and all applicable remedies, the Housing Commission, in accordance with the ordinance establishing the Fund, may require that Grantee, in the Housing Commission’s sole discretion, to: 1. Reimburse the Housing Commission up to 100 percent of the Grant, plus interest thereon at the highest rate allowed by law, allocated by the Housing Commission to the Property and/or the applicable parcel or part thereof; or 2. In the case of Grantee’s conveyance or other transfer of a Property in violation of the terms of the Restrictive Covenant, pay damages for the cost of creating or obtaining other comparable dwelling units to replace the Property in the event such Property can no longer be affordable housing for a Qualified Purchaser (as defined in the Restrictive Covenant). E. Cumulative Remedies. Subject to the limitations hereinabove set forth, no remedy conferred upon or reserved to the Housing Commission by this Agreement is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or any related documents, or now or hereafter existing at law or in equity. No delay or omission to exercise any right or power accruing upon any failure to perform under this Agreement shall impair any such right or power or shall be construed to be a waiver thereof. {00115931.6} Page 62 of 76  SECTION 13. LIMITATION. Notwithstanding anything to the contrary in this Agreement, in the Restrictive Covenant, or in the other Grant Documents, the Housing Commission shall not be required hereunder to disburse or obligate any funds to Grantee other than funds made available to the Housing Commission by the City. SECTION 14. REPRESENTATIONS AND WARRANTIES. In order to induce the Housing Commission to enter into this Agreement and to make the Grant, Grantee makes the following representations and warranties to the Housing Commission, effective as of the Effective Date of this Agreement, which representations and warranties shall survive the execution and delivery of the Agreement to the Housing Commission: A. Organization and Standing of Grantee. Grantee is a 50l(c)(3) nonprofit corporation duly organized and validly existing under the laws of the State of Illinois; it has the power to own its own properties and to carry on its business as now being conducted. B. Ability to Perform. There is no action or proceeding pending or threatened against Grantee in any court or before any governmental authority, arbitration board, or tribunal which, individually or in the aggregate, could materially adversely affect its financial condition, properties or operations, or its ability to perform under this Agreement. C. Tax Returns and Payments. Grantee has filed all federal, state and local income tax returns required to be filed, and has paid all taxes shown to be due on said returns, and has made provision for all liabilities not so paid or accrued under returns not yet due. In addition, to the extent required, Grantee has complied with and has paid all premiums or other charges due under applicable workers’ compensation and unemployment compensation laws. D. Execution and Performance of Agreement Authorized, Valid and Binding. The execution and delivery of the Agreement, the applicable Restrictive Covenant, and all other Grant Documents have been or will be fully authorized by Grantee. This Agreement, the applicable Restrictive Covenant, and the other Grant Documents constitute legal, valid and binding obligations of Grantee enforceable in accordance with their respective terms. E. Conflicts with Other Instruments. Grantee is not a party to any contract or agreement or subject to any restrictions, which materially and adversely affect its business, its properties or assets, or its financial condition. The execution and delivery of this Agreement, the Restrictive Covenants, and the other Grant Documents, and Grantee’s performance thereunder, will not be in conflict with the terms of any other contract or agreement to which Grantee is a party or by which Grantee or the Project is bound and will not result in a breach of the terms of or constitute a default under Grantee’s corporate documents. F. Financial Statements. Grantee has delivered to the Housing Commission complete and correct financial statements which present fairly and completely the financial condition of Grantee for the periods covered therein, in accordance with generally accepted accounting principles consistently applied. No material adverse change has occurred in the financial condition of Grantee as reflected in such statements. {00115931.6} Page 63 of 76  G. Project Complies with Laws. To Grantee’s best knowledge, the Project will comply in all respects with zoning, building and other applicable federal, state, and local ordinances, laws, rules, and regulations affecting the Project. Compliance with the American Disabilities Act of 1990, 28 C.F.R. Part 35, will be required, if applicable. Grantee has complied, and will continue to comply, with all restrictions and requirements of any other funding sources for the Project. H. No Governmental Approval Required. The execution and delivery of this Agreement, the Restrictive Covenants, and the other Grant Documents, and Grantee’s performance thereunder, do not require any further approval of any government, or any governmental or quasi- governmental agency, or any filing therewith or notice thereto, and any approvals which are required have been obtained (except for required City approvals which Grantee shall obtain prior to commencement of construction of the Project). At the time of each Draw Request, Grantee shall reaffirm this representation and warranty and shall further represent and warrant that all required City approvals have been obtained. I. No Misleading Statements. No information, exhibit or report furnished by Grantee to the Housing Commission in connection with this Agreement, the applicable Restrictive Covenant, and the other Grant Documents contains any misstatement of fact or omits to state any fact necessary to make the statements contained therein not materially misleading. Grantee has provided all information requested by the Housing Commission, and such information is complete and accurate in all material respects. There is no fact known to Grantee which could materially adversely affect or which might in the future, in Grantee’s reasonable judgment, materially adversely affect the assets, properties or financial condition of Grantee. J. No Third-Party Rights. Nothing expressed or implied in this Agreement shall be construed to confer upon or to give any person or entity, other than the Parties, any rights or remedies against the Housing Commission. SECTION 15. INDEMNIFICATION. Grantee shall and hereby agrees to indemnify, defend and hold harmless the Housing Commission and the City, and all officers, directors, commissioners, employees, agents, contractors, consultants, legal counsel and accountants thereof, from and against any and all loss, cost, damage, expense, claim, liability, or fee, including reasonable attorneys’ fees (“Claims”), arising out of or asserted as a result of: (i) Grantee’s breach of the terms of this Agreement; (ii) its use of the Grant funds in violation of the terms of this Agreement; or (iii) Housing Commission efforts to enforce this Agreement following an Event of Default on the part of Grantee hereunder, whether the same shall be enforced by suit or otherwise or incurred by the Housing Commission as a result of such Event of Default. This indemnification obligation shall survive any termination of this Agreement and shall survive any close-out of the Grant or similar event or circumstance. SECTION 16. MISCELLANEOUS PROVISIONS. A. Amendment, Modification and Waiver. No amendment, modification or alteration of the terms of this Agreement shall be binding unless the same be in writing, dated subsequent to the date hereof, and be duly executed by both Parties. No waiver of any condition precedent to the funding of the Grant shall constitute a waiver of any of the other conditions of the {00115931.6} Page 64 of 76 Housing Commission’s obligation to make the Grant. Failure of the Housing Commission to exercise its rights hereunder on any one occasion shall not be construed as a waiver of any requirement of this Agreement or a waiver of the Housing Commission’s right to take advantage of any subsequent or continued breach by Grantee of any covenant contained herein. No delay or omission on the part of the Housing Commission, or any subsequent holder of the rights under this Agreement, to exercise any right or power arising from any Event of Default shall impair any such right or power or be considered to be a waiver of any such default or any acquiescence therein. B. Successors and Assigns. All covenants and agreements in this Agreement contained by or on behalf of any of the Parties shall bind and inure to the benefit of their respective successors and assigns; provided, however, the Agreement and any rights hereunder may not be assigned by Grantee, by operation of law or otherwise, and any purported assignment thereof by Grantee shall be null and void, unless either: (1) the assignment is made in compliance with the requirements of this Agreement; or (2) Grantee shall have first obtained the written consent of the Housing Commission thereto. C. Notices. All notices required or permitted to be given under this Agreement shall be given by the Parties by (i) personal delivery, (ii) deposit in the United States mail, enclosed in a sealed envelope with first class postage thereon, or (iii) deposit with a nationally recognized overnight delivery service, addressed as stated in this Section. The address of any Party may be changed by written notice to the other Parties. Any mailed notice shall be deemed to have been given and received within three days after the same has been mailed and any notice given by overnight courier shall be deemed to have been given and received within 24 hours after deposit. Notices and communications to the Parties shall be addressed to, and delivered at, the following addresses: If to the Housing Commission: City of Highland Park Housing Commission Attn: Community Development Director 1150 Half Day Road Highland Park, IL 60035 with a copy to: Elrod Friedman LLP Attn: Hart Passman 325 N. LaSalle St., Ste. 450 Chicago, IL 60654 If to Grantee: Community Partners for Affordable Housing Attn: President 800 Milwaukee Avenue, #201 Libertyville, IL 60048 The Housing Commission and Grantee may, by notice, designate any further or different addresses to which subsequent notices, certificates or other communications must be sent. D. Public Statements. Grantee will not issue any news releases or other public statements regarding the Housing Commission’s role in the Project except upon prior approval from the Chairman of the Housing Commission. In any approved news releases or other public {00115931.6} Page 65 of 76 statements regarding the Project, Grantee must clarify that does not represent or speak for the Housing Commission. E. Construction; Governing Law; Severability. This Agreement shall be construed in accordance with the laws of the State of Illinois. The foregoing sentence shall not limit the applicability of Federal law to this Agreement. If any provision of this Agreement or the application thereof to any person or circumstances is held to be invalid or unenforceable by any decision of any court of competent jurisdiction, such decision shall not impair or otherwise affect any other provision of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid or unenforceable. If any provision of this Agreement is held to constitute a violation of the rule against perpetuities, that provision shall be deemed to remain in effect until the death of the last survivor of the now living descendants of Joseph R. Biden, President of the United States, plus 21 years thereafter. F. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. IN WITNESS WHEREOF, the Parties have caused this Agreement duly to be executed, effective as of the day and year first above written. Grantee: COMMUNITY PARTNERS FOR AFFORDABLE HOUSING By: Print: Title: President Housing Commission: CITY OF HIGHLAND PARK HOUSING COMMISSION By: Print: Title: Chair {00115931.6} Page 66 of 76 The following Exhibits are attached: - Exhibit A: Application Summary - Exhibit B: Template Restrictive Covenant {00115931.6} Page 67 of 76  800 S. Milwaukee Ave., Suite 201 Libertyville, IL 60048 January 28, 2026 Isis Fernandez Sykes, Chair Highland Park Housing Commission 1150 Half Day Road Highland Park, IL 60035 Dear Chair Sykes, The City of Highland Park initiated Community Partners for Affordable Housing (then known as the Highland Park Illinois Community Land Trust) in 2003 as a 501(c)(3) nonprofit organization to develop and preserve permanently affordable housing for low- and moderate-income households. In its early years, approximately 90% of CPAH’s funding originated from the Highland Park Housing Trust Fund. As the organization grew, it diversified its funding base, leveraged more non-Highland Park resources, and began collaborating with other communities in the region to share infrastructure costs, create economies of scale and operate as a more effective, efficient and sustainable organization that can offer even more services to Highland Park residents. Today, CPAH’s annual operating request to the Highland Park Housing Trust Fund represents less than 5% of CPAH’s overall operating budget yet it leverages hundreds of thousands of dollars every year for Highland Park’s affordable housing infrastructure. This letter serves as our formal request for 2026 operating support in the amount of $111,000. This request was approved in 2025 for 2026 budgeting purposes but this is the formal grant request for approval. Funds would continue to be disbursed on a quarterly basis along with quarterly progress reports. Operating funds help support CPAH activities in Highland Park including finding and acquiring properties, grant writing to leverage Housing Trust Fund dollars, property and construction management, managing sales and re-sales, pre- and post-purchase services, ground lease management and compliance, marketing, eligibility screening, income verification, annual tenant recertification, financial management, corporate administration, reporting, waitlist management, and assisting in administering the City’s inclusionary housing program. CPAH’s partnership with the City of Highland Park has developed 77 permanently affordable Community Land Trust (CLT) homes scattered throughout Highland Park. CPAH uses the CLT model to ensure that each home remains affordable in perpetuity. The initial subsidies that are used to make homes affordable are reused in every re-sale, creating a permanent infrastructure of affordable housing in Highland Park with a one- time investment. In addition to our development work, CPAH has become the “go to” resource for Highland Park residents in need of any type of housing assistance including housing counseling, financial literacy, down payment assistance, home repairs, accessibility improvements, rental assistance, foreclosure prevention, and more. w w w. c p a h o u s i n g . o r g phone 847.263.7478 fax 847.263.9381 Page 68 of 76 CPAH also helps administer the City’s inclusionary housing program which has created 65 units to date, with approximately 7 more planned in 2026. CPAH provides guidance to inclusionary housing developers and property management teams, helps market the units, handles inquiries and applications, determines eligibility, manages the waitlist, facilitates sales and long-term affordability compliance, conducts annual income certifications, and offers pre- and post-purchase or rental services. The following are key highlights of CPAH’s Highland Park activities in 2025: • Completed rehabilitation and sold 1027 Ridge Road • Completed rehabilitation and sold 569 Sumac Road • Acquired, rehabilitated, and sold 661 Homewood Avenue • Facilitated resale of 757 Barberry Road • Facilitated resale of 815 Laurel Avenue, #105 • Facilitated sale of 1950 Sheridan Road (inclusionary unit) • Acquired, rehabilitated, and currently under contract to sell 1342 Ferndale Ave • Acquired and currently rehabilitating 1500 Mccaren Road • Began construction of 8-unit townhome development at 937 Deerfield Road; construction estimated to be complete in Q4 2026 • Assisted City staff and developers in marketing and administering Highland Park’s inclusionary housing program comprised of 65 units, including annual income recertifications • Processed 307 inclusionary housing applications and managed a waitlist of 796 households • Provided property management for 14 affordable rental units in Highland Park • Continued to provide support services (stewardship) for homeowners and tenants in 77 affordable CPAH units in Highland Park including assistance with refinances, property tax assessments, home maintenance classes, financial education, matched savings program, revolving loan fund, resident events, and various other supports to help resident secure long-term housing stability. CPAH also provides many of these services to inclusionary homeowners and tenants. We sincerely appreciate all the support and leadership provided by the Housing Commission which has made the City of Highland Park a nationally recognized model. Please don’t hesitate to contact me at 847-263-7478 ext 22 or ranthony@cpahousing.org with any questions. Sincerely, Rob Anthony, President Page 69 of 76  THE HIGHLAND PARK HOUSING COMMISSION RESOLUTION NO. 02-2026 A RESOLUTION AUTHORIZING DISBURSEMENT FROM THE HOUSING TRUST FUND OF A PAYMENT TO CPAH FOR EXPENSES FOR 2026 OPERATING GRANT WHEREAS, the Highland Park Housing Commission ("Commission") is an independent municipal corporation created pursuant to Section 33.1101 of "The Highland Park Code of 1968," as amended ("City Code"); and WHEREAS, pursuant to Section 33.1133 of “The Highland Park Code of 1968,” as amended (“City Code”), the Commission is solely responsible for the City of Highland Park Affordable Housing Trust Fund ("Housing Trust Fund"); and WHEREAS, the purposes of the Housing Trust Fund include: (i) to provide financial resources to address the affordable housing needs of individuals and families of low- and moderate­ income households who live or work in the City by promoting, preserving, and producing long-term affordable housing and related services; and (ii) to provide support for not- for-profit organizations that actively address the affordable housing needs of low- and moderate-income households; and WHEREAS, Community Partners for Affordable Housing (“CPAH”) is a nonprofit organization that develops and preserves permanently affordable housing for low- and moderate-income households; and WHEREAS, on January 28, 2026, CPAH filed a written request with the Commission for grant funding, in the amount of $111,000, to be used by CPAH for operating expenses and general affordable housing activities in the City (“Operating Grant”); and WHEREAS, Section 33.1133(C)(l) of the City Code requires that disbursements from the Housing Trust Fund shall not be made except by the City Finance Director upon the written direction of the Housing Commission, by resolution duly adopted; and WHEREAS, the Commission has determined that it will serve and be in the best interest of the Commission, the City, and its residents to enter into the Operating Grant with CPAH; and authorize the Finance Director to disburse up to the total grant award of $111,000 to CPAH, but only upon one or more Disbursement Resolutions duly adopted by the Housing Commission and for the monetary amount specified in the Disbursement Resolutions, and in accordance with the terms and conditions of this Resolution; NOW, THEREFORE, BE IT RESOLVED BY THE HIGHLAND PARK HOUSING COMMISSION, as follows: SECTION ONE: RECITALS. The foregoing recitals are incorporated into, and made a part of, this Resolution as findings of the Highland Park Housing Commission. SECTION TWO: APPROVAL AND DISBURSEMENT OF OPERATING {00116869.2} Page 70 of 76 GRANT. The Commission hereby approves the award of the Operating Grant to CPAH, and authorizes to City Finance Director to disburse $111,000 from the Housing Trust Fund, in four (4) quarterly drawdowns of $27,750 each; and for the provision of operating expenses and general affordable housing activities. SECTION THREE: AUTHORIZATION. The Chairman of the Commission and the City Finance Director are hereby authorized and directed to execute such documentation as may be necessary to effectuate the disbursement authorized in Section Two of this Resolution. SECTION FOUR: EFFECTIVE DATE. This Resolution will be in full force and effect upon its passage and approval by a majority of the members of the Housing Commission. AYES: NAYS: ABSENT: ABSTAINED: RECUSED: PASSED: APPROVED: _________________________________ Isis Fernandez-Sykes, Chair ATTEST _____________________________________ Zubin Coleman, Staff Liaison {00116869.2} Page 71 of 76  GRANT AGREEMENT AFFORDABLE HOUSING TRUST FUND OPERATING GRANT (January 1, 2026 to January 31, 2027) This Grant Agreement (the “Agreement”) is dated as of the 4th of February 2026, by and between the Highland Park Housing Commission (the “Commission”) and Community Partners for Affordable Housing (“CPAH”). IN CONSIDERATION OF the recitals and the mutual covenants and agreements set forth in the Agreement, and pursuant to the Commission’s powers, the parties agree as follows: Section 1. Recitals. A. On May 28, 2002, the City Council of Highland Park adopted Ordinance No. 34-02 establishing the Affordable Housing Trust Fund (HTF) to be administered by the City’s Housing Commission with the assistance of the Housing Trust Fund Advisory Committee. Pursuant to said ordinance, the Commission makes the final decision to approve or deny all applications for funding by the HTF. B. The purpose of the HTF is to provide financial resources to address the affordable housing needs of low- and moderate-income individuals and families who live or work in Highland Park, including, among other things, by providing support for not-for-profit organizations that actively address the affordable housing needs of such individuals and families and, in particular, by giving priority to eligible applications from the Highland Park Illinois Community Land Trust (now CPAH). C. By Resolution No. R33-3, adopted on March 10, 2003, the City Council endorsed the formation and directed the incorporation of the Highland Park Illinois Community Land Trust. D. The Highland Park Illinois Community Land Trust was established as an independent, not-for- profit corporation on March 17, 2003, as an outgrowth of the Affordable Housing Needs and Implementation Plan element of the City’s Master Plan to address the affordable housing needs of low- and moderate-income individuals and families who live or work in Highland Park. The Highland Park Illinois Community Land Trust changed its name to Community Partners for Affordable Housing (CPAH) in July of 2010. In January 2019, CPAH merged with Lake County Residential Development Corporation and Affordable Housing Corporation of Lake County but retains the CPAH name. E. CPAH submitted a request for operating funds to the HTF dated {January 28, 2026} a copy of which is attached hereto as Exhibit 1. F. At its meeting on February 4, 2026, the Commission approved CPAH’s request for operating funds. HC Resolution 02-2026 is attached as Exhibit 2. Page 72 of 76 Affordable Housing Trust Fund PAGE 2 CPAH OPERATING GRANT AGREEMENT January 1, 2026 to January 31, 2027 Section 2. Covenants. A. The HTF agrees to make a $111,000 grant to CPAH, hereafter called "GRANTEE," for the following: Funds provided will be used to continue and expand its current general administrative and program activities, including grant writing, and administration of certain aspects of the City’s Inclusionary Housing Program, including publicizing the program, conducting orientation for interested persons, establishing and managing a waiting list of conditionally qualified applicants, and training lenders and attorneys about the program requirements, including the Ground Lease and/or Declaration of Covenants, Conditions, and Restrictions, and qualifying applicants for specific units that become available. All monies granted for operating support will be expended by GRANTEE between January 1, 2026 and January 31, 2027. All monies awarded must be expended or returned to the HTF. The Housing Commission, in its sole discretion, may extend the expenditure period based on a request from CPAH. Grant monies will be paid to the GRANTEE after the Commission has received the signed Grant Agreement from CPAH. B. GRANTEE agrees that all funds received pursuant to this grant agreement will be expended only for the activities identified in Paragraph 2(A). In the event GRANTEE uses the funds for a purpose other than those identified in Paragraph 2(A) and the City’s Affordable Housing Plan as filed with the State of Illinois, without the prior consent of the Commission, all grant funds shall be refunded to the HTF. C. GRANTEE agrees to submit quarterly reports with a quarterly drawdown request on the following dates: May 1, 2026, August 1, 2026, November 1, 2026, January 1, 2027 D. GRANTEE agrees to submit Financial and Evaluation Reports to the Commission on forms acceptable to the Commission, on or before January 15, 2027. E. GRANTEE agrees upon request to make available to the Commission financial records for the year in which a grant was received from the Housing Trust Fund. F. GRANTEE agrees that no person shall, on the grounds of race, color, religion, national origin, sex, disability, sexual preference, ancestry or age, while otherwise qualified, be excluded from participation in, be denied benefits of, or be otherwise subjected to discrimination under any activity including employment, supported in whole or in part by funds provided under this grant. G. GRANTEE does hereby agree to indemnify, hold harmless, and defend the City of Highland Park, Highland Park Housing Commission, its agents, servants and employees, and each of them against and hold it and them harmless from any and all lawsuits, claims, demands, liabilities, losses, and expenses including but not limited to CPAH Board members, employees, consultants, and residents or prospective residents of CPAH, or any death at any time resulting from injury or any damage to such persons, or any death at any time resulting from injury or any damage to any property which may arise or which may arise or which may be alleged to have arisen out of, or in connection with Page 73 of 76 Affordable Housing Trust Fund PAGE 3 CPAH OPERATING GRANT AGREEMENT January 1, 2026 to January 31, 2027 the activities of CPAH supported in whole or part with funds awarded for the purposes described in Paragraph 2A. Highland Park Housing Commission Grantee: Community Partners for Affordable Housing (CPAH) By ______________________________ By _________________________________________ Isis Fernandez-Sykes Authorized Agent _______________________________ _________________________________________ Chair Title _______________________________ _________________________________________ Date Date Page 74 of 76 Affordable Housing Trust Fund PAGE 4 CPAH OPERATING GRANT AGREEMENT January 1, 2026 to January 31, 2027 Exhibit 1 Grant Application Page 75 of 76 Affordable Housing Trust Fund PAGE 5 CPAH OPERATING GRANT AGREEMENT January 1, 2026 to January 31, 2027 Exhibit 2 HC Resolution 02-2026 Approved February 4, 2026 Page 76 of 76