22-03 Approve Great Metro Housing Corporation Qualified Developer 47XX Circle Down
RESOLUTION NO. 22-03
A RESOLUTION APPROVING GREATER METROPOLITAN HOUSING
CORPORATION AS QUALIFIED DEVELOPER OF 47XX CIRCLE DOWN 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 47XX Circle Down (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 47XX Circle Down 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
Lot 2, Block 1, Moshou Addition, according to the plat thereof on file and of record in the
office of the County Recorder in and for Hennepin County, Minnesota.
(Abstract Property)
AND
That part of Tract A described below:
Tract A. Lots 1, 3 and 4, Block 1, Moshou Addition, according to the plat thereof on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; which lies northerly of Line 1 described below: Line 1. Commencing at the
east quarter corner of Section 30, Township 29 North, Range 24 West; thence westerly
on an azimuth of 271 degrees 21 minutes 02 seconds along the east and west quarter
line thereof for 2652.57 feet to the center of said Section 30; thence on an azimuth of 00
degrees 21 minutes 23 seconds for 701.35 feet to the point of beginning of Line 1 to be
described;
thence on an azimuth of 284 degrees 30 minutes 39 seconds for 3 4.03 feet; thence on
an azimuth of 230 degrees 05 minutes 25 seconds for 2.96 feet; thence on an azimuth
of 230 degrees 01 minute 59 seconds for 14.00 feet; thence on an azimuth of 320
degrees 01 minute 50 seconds for 130.14 feet; thence on an azimuth of 319 degrees 50
minutes 03 seconds for 144.27 feet; thence on an azimuth of 320 degrees 28 minutes
03 seconds for 168.10 feet and there terminating.
(Abstract Property)
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