Annual reporting

*NOTE: This section includes amendments by emergency legislation that will expire on November 11, 2026. To view the text of this section after the expiration of all emergency and temporary legislation affecting this section, click this link: Permanent Version.* No later than April 1 of each fiscal year, the Mayor shall transmit to the Council a Housing Production Trust Fund Annual Report. The report shall include the following information: (1) The amount of money expended from the Housing Production Trust Fund during the prior fiscal year; (2) The number of loans and grants legally obligated during the prior fiscal year; (3) The number of low-income, very low-income, and extremely low-income households and individuals assisted through Fund legal obligations; (4) A list of each project on which funds from the Fund were legally obligated, including, for each project: (A) A brief description of the project, including the name of the project sponsor; (B) The amount of money legally obligated to the project; (C) Whether the money was legally obligated in the form of a loan or a grant; and (D) The general terms of the loan or grant; (5) The amount and percentage of funds legally obligated to homeownership projects; (6) The amount and percentage of funds legally obligated to rental housing projects; (7) The percentage of total housing units in new construction projects to which Fund funds are legally obligated during the prior fiscal year, to rental housing or homeownership opportunities for households with incomes at or below 30% of the area median income; (8) The percentage of total housing units in new construction projects to which Fund funds are legally obligated during the prior fiscal year, to rental housing or homeownership opportunities for households with incomes at or below 50% of the area median income; (9) The percentage of total housing units in new construction projects to which Fund funds are legally obligated during the prior fiscal year to rental housing or homeownership opportunities for households with incomes at or below 80% of the area median income; (10) For rental units in preservation projects to which Fund funds are legally obligated during the prior fiscal year, the percentage that will: (A) Have, upon completion of rehabilitation, rents affordable to households earning up to 30% of the area median income; (B) Have, upon completion of rehabilitation, rents affordable to households earning between 30% and 50% of the area median income; (C) Have, upon completion of rehabilitation, rents affordable to households earning between 50% and 80% of the area median income; (D) Have, upon completion of rehabilitation, rents affordable to households earning more than 80% of the area median income; (E) Be rented at levels affordable to households earning up to 30% of the area median income pursuant to an affordable housing covenant; (F) Be rented at levels affordable to households earning between 30% and 50% of the area median income pursuant to an affordable housing covenant; and (G) Be rented at levels affordable to households earning between 50% and 80% of the area median income pursuant to an affordable housing covenant; (11) The number of housing units assisted, including the number of rental housing units assisted and the number of homeownership units assisted; and (12) The amount expended on administrative costs during the prior fiscal year.