HomeMy WebLinkAbout19-116 - ADMIN Resolution - City Council - 2019/10/07Resolution No. 19-116
Resolution approving the use of Affordable Housing Incentive Fund (AHIF)
funding for West Hennepin Affordable Housing Land Trust (WHAHLT) dba
Homes Within Reach
Whereas, the Hennepin County Housing and Redevelopment Authority (HCHRA) has
approved the use of Affordable Housing Incentive Fund (AHIF) funding for West Hennepin
Affordable Housing Land Trust (WHAHLT), and;
Whereas, the purchase of homes to be acquired for the WHAHLT Homes Within Reach
program (the “Project”), of which one or more properties may be located within the City of St.
Louis Park and the rest within suburban Hennepin County, will preserve the supply of
affordable housing in the city by providing long-term affordability.
Now therefore be it resolved that the participation of the HCHRA in the Project for the
limited purpose of providing financial support to the Project is hereby approved.
It is further resolved that nothing in this resolution shall create a pecuniary obligation of
the city to assist the Project, nor shall the city be in any way responsible for any financing
obligation or agreement of the HCHRA with respect to its provision of financial assistance to the
Project.
It is further resolved that the request made hereunder extends only to the powers of the
HCHRA with respect to the financial assistance the County HRA proposes to provide to the
Project, and the city shall retain all other powers and jurisdiction over matters in relation to th e
city and the Project.
It is further resolved that nothing in this resolution is intended to endorse the merits of
the Projects to be undertaken.
Reviewed for administration: Adopted by the City Council Oct. 7, 2019
Thomas K. Harmening, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: F4CF4345-6722-4954-9029-0325ABC1427F