HRA Meeting Date: March 6, 2025
To: Members of the Housing and Redevelopment Authority
From: Melissa Hanson, Housing Coordinator
Title
Amend Resolution 2024-001 Dedicating Source of Public Revenue for the Local Housing Trust Fund.
Body
Action Requested:
The HRA to amend Resolution 2024-001 Dedicating Source of Public Revenue for the Local Housing Trust Fund.
Summary Report:
The Northfield HRA's mission is to be a partner in providing a sufficient supply of affordable, adequate, safe and sanitary dwellings in Northfield. The primary guiding document supporting that mission is the city's adopted Comprehensive Plan.
Our goal is to create a community with housing opportunities available along the entire housing spectrum: from renters to homeownership, first-time homeowners, to senior living, workforce housing and empty-nesters. We strive to create affordable housing opportunities and strengthen our neighborhoods utilizing:
* Sustainability
* Innovation
* Partnerships
* Community Input
Attachment 1 is the video and HRA packet from February 1, 2024 meeting adopting Resolution 2024-001.
On February 4, 2025, Community Development Staff submitted to Minnesota Housing Finance Agency (MHFA) our Intent to Apply for matching Local Housing Trust Fund grants. On February 19, 2025 MHFA released a Request for Proposal (RFP) application materials for the Local Housing Grants Program matching funds. That application is due on Wednesday, March 19, 2025.
While assembling the documents for submission of the application, it was noticed that Resolution 2024-001 did not dedicate enough Public Revenue from outside of state and federal sources to be eligible for the state match. At the February 1, 2024 meeting, the Local Housing Trust Fund subcommittee's recommendations were discussed by the HRA Board. The subcommittee's recommendation included 40% of the HRA levy to be dedicated to the LHTF.
The two (2) current dedicated sources of funding identified by Resolution 2024-...
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