HRA Meeting Date: April 3, 2024
To: Members of the Housing and Redevelopment Authority
From: Melissa Hanson, Housing Coordinator
Title
City of Northfield Housing and Redevelopment Authority to Consider the Sale of Property at 2334 Elianna Drive, Northfield.
Body
Action Requested:
The Housing and Redevelopment Authority (HRA) to approve Resolution 2025-003 to sell property at 2334 Elianna Drive, Northfield to the existing tenants and approve the attached purchase agreement.
Summary Report:
The HRA's mission is to be a partner in providing a sufficient supply of affordable, adequate, safe and sanitary dwellings in Northfield. 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.
On May 2, 2024, the Board adopted Housing and Redevelopment Authority Policy 10.03- Land Disposition Policy via HRA M2024-014. In that policy, Procedure A identifies that existing HRA-owned rental units are to be sold to the existing tenants whenever possible and follow state statute.
The following sales took place prior to the adoption of Policy 10.03 and are aligned with that policy. At the October 28, 2022, HRA Board meeting, the Board elected to offer rentals to the existing tenants. The HRA sold 517 Washington - used by the Community Action Center (CAC) for their emergency shelter program - to the CAC November 2022 for $222,700. Similarly, 2007 Hidden Valley had initially been rented to a non-profit housing organization. Subsequently, the HRA entered into a lease agreement with the family renting that home and when the family moved out Fall 2023, it was sold to Rice County Habitat for Humanity in May 2024 for $114,762. The property was then rehabbed by Rice County Habitat for Humanity and sold to an income eligible applicant family with income under 80% Area Median Income.
The following discusses the HRA powers a...
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