Housing & Redevelopment Authority meeting summary
At a glance
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The HRA adopted a resolution to acquire the property at 259 University Avenue W and unanimously approved establishment of the Galtier Plaza Tax Increment Financing (TIF) District, an amendment to the Minnesota Event TIF Plan, an HRA budget amendment, and execution of related TIF development documents including a TIF note and a forgivable TIF loan. Staff presentations were received and filed for Inspiring Communities (1087 Ross Avenue), Emergency Rental Assistance Program updates, and an introduction to reserving funds for Saint Paul projects applying to the Minnesota Housing Finance Agency. The board recessed during a City Council public hearing and reconvened to take final action. The next HRA meeting is scheduled for June 24, 2026.
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What this means
The HRA agreed to buy a building at 259 University Avenue W, and approved creating a Galtier Plaza TIF district to provide tax-increment financing and a forgivable loan to support the redevelopment project. The board also heard updates on a proposed housing project (1087 Ross Avenue) and on emergency rental assistance. Residents can expect steps toward redevelopment where the TIF is used and can follow or comment on future HRA items using the contact channels in the minutes.
Key decisions
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- Adopted resolution to acquire real property at 259 University Avenue W (RES 26-941).
- Received and filed presentation on Inspiring Communities (1087 Ross Avenue) (SR 26-117).
- Received and filed Emergency Rental Assistance Program updates (SR 26-118).
- Received and filed introduction to reservation of funds for projects applying to the Minnesota Housing Finance Agency (SR 26-119).
- Adopted resolution to establish the Galtier Plaza Tax Increment Financing District, amend the Minnesota Event TIF Plan, approve an HRA budget amendment, and authorize execution of a tax increment development agreement and related documents including a TIF note and forgivable TIF loan (RES 26-926).
- Scheduled next HRA meeting for June 24, 2026.
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