22-02 Approve Greater Metro Housing Corporation Qualified Developer 208 Meander Road
RESOLUTION NO. 22-02
A RESOLUTION APPROVING GREATER METROPOLITAN HOUSING
CORPORATION AS QUALIFIED DEVELOPER OF 208 MEANDER ROAD UNDER
THE HOME OWNERSHIP PROGRAM FOR EQUITY
WHEREAS, The purpose of the Home Ownership Program for Equity is to
provide affordable, owner-occupied, single family housing in Golden Valley; and
WHEREAS, The Housing and Redevelopment Authority of the City of Golden
Valley strongly supports the development of affordable housing in our city; and
WHEREAS, Systemic racism in housing occurs today – Black, Indigenous, and
other communities of color continue to face discrimination and lack of access to
affordable housing and home ownership; and
WHEREAS, The Home Ownership Program for Equity recognizes that cities
must also be more inclusive of Black Indigenous and People of Color populations by
creating opportunities and resources for housing that are accessible at all affordability
levels; and
WHEREAS, Given existing racial disparities in housing, providing both affordable
rental and homeownership opportunity is not only vital to providing all individuals and
families with housing choice, but also with access to stable housing that impacts their
health, education, employment, and ability to build wealth; and
WHEREAS, Proposals from organizations that have demonstrated success in
building relationships of trust with Black, Indigenous and People of Color populations
and in serving first generation homebuyers are a priority of the Home Ownership
Program for Equity;
WHEREAS, Proposals from organizations committed to serving homebuyers with
annual incomes at 60% - 80% of Area Median Income as defined by Minnesota Housing
Finance Agency’s Community Homeownership Impact Fund income limits for the 11
County Twin Cities Metro Area are a priority of the Home Ownership Program for
Equity; and
WHEREAS, dedicated publicly owned land for more affordable housing for
homeownership is a valuable resource to meet our affordable housing goals; and
WHEREAS, Greater Metropolitan Housing Corporation has proposed, in
partnership with Homes Within Reach, to develop a single family home affordable at
60%-80% of Area Median Income, funding contingent, at 208 Meander Road (EXHIBIT
A);
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NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority of the City of Golden Valley that this Authority approves Greater Metropolitan
Housing Corporation as qualified developer of a single family home affordable at 60%-
80% of Area Median Income, funding contingent, at 208 Meander Road under the
Home Ownership Program for Equity.
Adopted by the Housing and Redevelopment Authority of Golden Valley, Minnesota this
16th day of August, 2022.
____________________________
Gillian Rosenquist, Chair
ATTEST:
_______________________
Timothy J. Cruikshank, Executive Director
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EXHIBIT A
LEGAL DESCRIPTION
The North 158.8 feet of Lot 4, Block 3, "Tralee"
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