HomeMy WebLinkAboutResolution - 2015-97 - Participation of County in Affordable Housing Project - 10/06/2015 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2015-97
RESOLUTION APPROVING THE PARTICIPATION OF THE HENNEPIN COUNTY
HOUSING AUTHORITY IN AN EDEN PRAIRIE AFFORDABLE HOUSING PROJECT
WHEREAS, WHAHLT has also been approved for funding of this project by the Hennepin
County Housing and Redevelopment Authority (HCHRA); and
WHEREAS,the Hennepin County Housing and Redevelopment Authority (HCHRA) in
Resolution No. 15-HCHRA-0012 has approved the use of a$150,000 Affordable Housing
Incentive Fund (AHIF) loan for Homes Within Reach contingent upon the Eden Prairie Housing
and Redevelopment Authority's consent to the HCHRA's participation in the project; and
WHEREAS ,the purchase of a minimum of four homes by Homes Within Reach of which one
of the homes will be located within the city of Eden Prairie and the rest within suburban
Hennepin County, will preserve the supply of affordable housing in the city by providing
permanent affordability; and
WHEREAS, the loan from the HCHRA will complete the financing required for the project to
go forward.
BE IT RESOLVED, that the participation of the Hennepin County Housing and Redevelopment
Authority in the project is hereby approved.
ADOPTED by the City Council of the City of Eden Prairie this 6th day of October, 2015.
Na cy a-L en , a or
ATTEST:
4,&,
Ka leen Porta, City Clerk