(1) On or before September 1 of each year during the life of a project related to a grant awarded by the board, a recipient of grant money under this part shall provide a written report to the board.
(2) The report described in Subsection (1) shall include:
(a) the amount of money provided through the grant;
(b) an accounting of how the grant money has been utilized;
(c) the progress of the project; and
(d) the number of affordable housing units completed or under construction.