Housing & Redevelopment Authority meeting summary
At a glance
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The HRA approved reserving funds for Saint Paul projects applying to the Minnesota Housing Finance Agency; authorized release of the 4(d) Affordable Housing Incentive Program covenant on 556 Gotzian Street; and approved sale and conveyance of an HRA-owned parcel at 1087 Ross Avenue with authorization for a development agreement and redevelopment expenditures.
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What this means
The board set aside funding support for local housing projects applying for state housing finance, which helps those projects be competitive for that funding. The HRA removed its 4(d) Affordable Housing Incentive Program covenant on 556 Gotzian Street (a legal agreement tied to a housing incentive), which changes the restriction attached to that property. The board also approved selling the HRA-owned lot at 1087 Ross Avenue and authorized entering a development agreement and spending for its redevelopment, allowing the site to move forward with a developer-led project.
Key decisions
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- Adopted RES 26-1008: Reservation of funds for certain Saint Paul projects applying for funding from the Minnesota Housing Finance Agency.
- Adopted RES 26-1026: Authorization to release the 4(d) Affordable Housing Incentive Program covenant on 556 Gotzian St.
- Adopted RES PH 26-145: Approved sale and conveyance of an HRA-owned parcel at 1087 Ross Avenue; authorized entering into a development agreement and expenditures for redevelopment.
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