HRA RESO 25-01 - Approving LHIA Grant Agreement SG-19725HRA RESOLUTION NO. 25-01
A RESOLUTION APPROVING THE LOCAL HOUSING INCENTIVES ACCOUNT
(LHIA) AFFORDABLE HOMEOWNERSHIP PILOT GRANT FROM THE
METROPOLITAN COUNCIL FOR THE HOME OWNERSHIP PROGRAM FOR
EQUITY (HOPE)
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Golden Valley has elected to participate in the Local Housing Incentives program
established by the Metropolitan Livable Communities Act (LCA) as well as partnered
with the Metropolitan Council to establish a set of goals for affordable and lifecycle
housing; and
WHEREAS, Minnesota Statutes sections 473.251 and 473.254 establish within
the Metropolitan Livable Communities Fund a Local Housing Incentives Account and
require the Council to annually distribute funds in the account to Participating
Municipalities that have not met their affordable and life-cycle housing goals and are
actively funding projects designed to help meet the goals, or to Development Authorities
for projects located in Participating Municipalities; and
WHEREAS, the City and the Housing and Redevelopment Authority has
negotiated affordable and life-cycle housing goals pursuant to Minnesota Statutes
section 473.254, subdivision 2 and have elected to participate in the Local Housing
Incentives Account program; and
WHEREAS, the Housing and Redevelopment sought funding in connection with
an application for Local Housing Incentives Account Affordable Homeownership Pilot
funds in the amount of $948,000 for the development of twin homes at 1311 Lilac Drive
and 1611 Lilac Drive under the Home Ownership Program for Equity; and
WHEREAS, the City established the Home Ownership Program for Equity to
make City owned lots available for affordable and equitable homeownership
development; and
WHEREAS, HOPE prioritizes organizations that have demonstrated success in
building relationships of trust with Black, Indigenous and people of color and in serving
first generation homebuyers and other underrepresented homebuyers; 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 City has higher racial disparities in homeownership than the
regional average; and
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HRA Resolution No. 25-01 June 3, 2025
WHEREAS, HOPE will provide affordable homeownership opportunities to
homebuyers with incomes between 60 and 80 percent of Area Median Income; and
WHEREAS, HOPE homes will remain affordable upon resale for ninety-nine
years; and
WHEREAS, HOPE addresses a need specific to our community to provide
affordable and equitable homeownership opportunity on City owned vacant lots; and
WHEREAS, the LHIA Affordable Homeownership Pilot funding will assist in filling
the development financing and construction costs gaps.
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF GOLDEN VALLEY that
this Authority accepts the Local Housing Incentives Account Affordable Homeownership
Pilot grant from the Metropolitan Council for the Home Ownership Program for Equity.
Passed by the Housing and Redevelopment Authority of the City of Golden Valley,
Minnesota this 3rd day of June 2025.
____________________________
Maurice Harris, HRA Chair
ATTEST:
______________________________
Noah Schuchman, Executive Director
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