20-43 - 07-07 - Supporting Application for Community Homeownership Impact FundsRESOLUTION NO. 20-43
RESOLUTION SUPPORTING APPLICATION BY WEST HENNEPIN AFFORDABLE
HOUSING LAND TRUST (WHAHLT) TO MINNESOTA HOUSING FINANCE AGENCY
(MHFA) FOR COMMUNITY HOMEOWNERSHIP IMPACT FUNDS
WHEREAS, WHAHLT is a community-based non-profit organization, doing business
as Homes Within Reach, with a mission to use the Community Land Trust model to create
and preserve affordable homeownership opportunities for families in suburban Hennepin
County; and
WHEREAS, WHAHLT has developed a proposal for the use of Community
Homeownership Impact Funds from the Minnesota Housing Finance Agency (MHFA)
Single Family Consolidated Request for Proposals (RFP) process; and
WHEREAS, the proposal requests funding to implement the Community Land Trust
Program with the acquisition, rehabilitation, and sale of entry-level properties to income-
qualified families and individuals; and
WHEREAS, the City has consistently supported WHAHLT’s contribution to the
preservation and creation of affordable homeownership opportunities in Golden Valley,
which is consistent with the goals of the 2040 Comprehensive Plan.
NOW THEREFORE BE IT RESOLVED, by the City Council of Golden Valley that
the Council supports the application for funding from MHFA and authorizes submittal of a
letter of support.
Adopted by the City Council of Golden Valley, Minnesota on this 7th day of July, 2020.
_____________________________
Shepard M. Harris, Mayor
ATTEST:
_____________________________
Kristine A. Luedke, City Clerk