23-01 Approve Greater Metropolitan Housing Coporation as Qualified Developer 1611 Lilac DriveHRA RESOLUTION NO. 23-01
A RESOLUTION APPROVING GREATER METROPOLITAN HOUSING
CORPORATION AS QUALIFIED DEVELOPER OF 1611 LILAC DRIVE NORTH
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; and
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 4 units, 2 duplexes affordable
at 60%-80% of Area Median Income, funding contingent, at 1611 Lilac Drive
North (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 1611 Lilac Drive North under the Home
Ownership Program for Equity.
Adopted by the Housing and Redevelopment Authority of Golden Valley,
Minnesota this 21st day of February, 2023.
Gillian Rosenquist, Chair
ATTEST:
Timothy J. Cruikshank, Executive Director
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EXHIBIT A
LEGAL DESCRIPTION
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