HomeMy WebLinkAboutResolution No. 2016-015 Approving Hennepin County Use of WHALT Funds 0
RESOLUTION No. 2016-15
APPROVING USE OF HENNEPIN COUNTY AFFORDABLE HOUSING
INCENTIVE FUNDS FROM FISCAL YEAR 2015 BY WEST HENNEPIN
AFFORDABLE HOUSING LAND TRUST FOR HOMES WITHIN REACH
PROGRAM
WHEREAS, the Hennepin County Housing and Redevelopment Authority (HCHRA) in
Resolution No. 15-HCHRA-0012 has approved the use of a $20,000 Affordable Housing
Incentive Fund (AHIF) loan which will be used toward the purchase of a land trust home in
the City of Edina, contingent upon the City of Edina's consent to the HCHRA's
participation in the project; and
WHEREAS, the project will increase/preserve the supply of affordable housing in the City
of Edina by providing/preserving one unit of affordable housing using the Community Land
Trust model; and
WHEREAS, the loan from the HCHRA will complete the financing required for West
Hennepin Affordable Housing Land Trust's Homes Within Reach project to go forward.
BE IT RESOLVED, that the participation of the Hennepin County Housing and
• Redevelopment Authority in the West Hennepin Affordable Housing Lund Trust's Homes
within Reach project is hereby approved.
Dated: January 20, 2016
Attest: ,' : C �..«w �a ,� t/t .� -
Debra A. Mangen, City Clerk -" James B. viand, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I,the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and foregoing
Resolution was duly adopted by the Edina City Council at its Regular meeting of January 20,2016,and as recorded in the
Minutes of said regular meeting.
WITNESS my hand and seal of said City this day of 2016
•
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390
Resolution No. 2016-15
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The question was on the adoption of the Resolution and there were 57 YEAS and Nays as follows:
YEAS NAYS
Mayor Hovland
Council Member Swenson !v
Council Member Brindle
Council Member Staunton x
Council Member Stewart
1)ATTEST: h x
City Clerk
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2