HRA Meeting Date: September 19, 2024
To: Members of the Housing and Redevelopment Authority
From: Melissa Hanson, Housing Coordinator
Title
HRA to Consider a Resolution Authorizing Designation of Tentative Developer Status for Oberto Properties, LLC and Rice County Habitat for Humanity.
Body
Action Requested:
HRA is being asked by Oberto Properties, LLC and Rice County Habitat for Humanity to grant them Tentative Developer Status to pursue a residential redevelopment opportunity on HRA-owned lot at 307 Sumner Street East.
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. We strive to create affordable housing opportunities and strengthen our neighborhoods utilizing:
* Sustainability
* Innovation
* Partnerships
* Community Input
Oberto Properties, LLC (Oberto) is a small, real estate developer that resides in, and is very much a part of, the fabric of Northfield. Oberto has a history of purchasing blighted, unusable commercial spaces and rehabbing them as well as having experience with commercial new construction, having built the Rebound Self Storage.
Rice County Habitat for Humanity (Habitat) is a nonprofit organization dedicated to building a world where everyone has a safe, stable, and affordable place to call home. Habitat believes that affordable housing plays a critical role in strong and stable communities. Habitat has a long history of providing affordable housing, through both rehab and new construction, in Rice County and has recently expanded their rehab arm by adding Starfish under their umbrella of programs.
Oberto and Habitat is interested in developing the HRA owned lot at 307 Sumner Street East. The proposal is part of a l...
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