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99-03 HRA Resolution . . . Resolution 99-3 March 11, 1999 Commissioner Anderson introduced the following resolution and moved its adoption: RESOLUTION ESTABLISHING A HOUSING PROGRAM WHEREAS, there is a large body of statistical evidence documenting a long-term lack of affordable housing for low- and moderate-income persons in Golden Valley and throughout the metropolitan area; and WHEREAS, the City of Golden Valley, in its Housing Plan Update and Technical Background report adopted on July 7, 1998, has discussed this evidence, found it to indicate a legitimate need for affordable housing in Golden Valley and committed to housing goals, policies and objectives in support of increasing the supply of housing affordable to persons of low and moderate incomes; and WHEREAS, a mission of the Housing and Redevelopment Authority is to provide housing for low- or moderate-income families; and WHEREAS, the attached Golden Valley Housing Program allows the Housing and RedevelopmentAuthority to provide affordable housing as opportunity arises throughout the community. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Golden Valley that: 1. The need for affordable housing in the community is hereby established. 2. The Golden Valley Housing Program attached as Exhibit A is hereby approved. 3. The Golden Valley Housing Program will be forwarded to the City Council for approval with a request for authorization to use the powers of eminent domain as necessary to carry out the Program. irector The motion ~ he adoption of the foregoing resolution was seconded by Commissioner LeSuer; and upon a vote.being taken thereon, the following voted in favor thereof; Anderson, Bakken, Johnson and LeSuer; the following voted against the same: none; and the following was absent: Micks; whereupon said resolution was declared duly passed and adopted, signed by the Chair and her signature attested by the Director. . . . Resolution 99-3 (Con't.) EXHIBIT A March 11, 1999 HOUSING PROGRAM FOR THE GOLDEN VALLEY HOUSING AND REDEVELOPMENT AUTHORITY The development and maintenance of affordable housing in Golden Valley is an important part of the City's Housing Plan which was adopted by the City Council on July 7, 1998. The Plan states the following: The City recognizes that, as an interdependent component of the Twin Cities Metro Area, its housing stock should reflect a metropolitan responsibility to providing opportunities for a variety of housing concepts. Changing trends in lifestyle choices, household composition, economic conditions, and environmental consciousness all call for a corresponding diversity in housing. Golden Valley believes that the backbone of a mature and socially healthy Community is its intrinsic socioeconomic mixture. This includes but is .not limited to a diversity of races, lifestyles, income levels, and age groups. To maintain such an ethnic and socioeconomic mix, the City should encourage a variety of housing opportunities. The City of Golden Valley has also agreed to participate in the Minnesota Livable Communities Act. By the City's participation, the City has agreed to the following principles: · A balanced housing supply, with housing available for people of all income levels. · The accommodation of all racial and ethnic groups in the purchase, sale, rental and location of housing within the community. · A variety of housing types for people in all states of the life cycle. · A community of well-maintained housing and neighborhoods, including rental and ownership housing. · Housing development that respects the environment of the community while striving to accommodate the need for a variety of housing types and costs. · The availability of a full range of services and facilities for its residents, and the improvement of access to and linkage between housing and employment. In the Housing Plan, the City has established four housing goals. One of these goals relates specifically to affordability. It states: Employ available programs, funds, and planning approaches as appropriate in order to provide housing opportunities at a cost individuals and families can afford without compromising essential needs. . . . Resolution 99-3 (Con't.) EXHIBIT A March 11, 1999 Based on this Affordability Goal and other goals listed in the Housing Plan, the Housing Plan adopted numerous Housing Policies. These policies are adopted as the HOUSING PROGRAM for the Housing and Redevelopment Authority. The HRA will work with the City to carry out these policies and develop housing programs consistent with the goals and policies in the Housing Plan. Listed below are some of the policies that relate to affordable housing: 1. When an appropriate affordable housing development is identified, the HRA shall assist in attempts to obtain any applicable funds designed to maximize the opportunity of providing such affordable housing. Sources may include, but are not limited to, Federal programs such as the Home Investment Partnership Program (HOME), Community Development Block Grant (CDBG), Section 202 financing for senior housing, state aid such as the Low Income Tax Credit Program or the Low/Moderate Income Rental Program, Metro Council funds such as the Housing Investment Account or the Livable Communities Demonstration Account, or nonprofit assistance such as the Family Housing Fund or Habitat for Humanity. 2. The HRA will remain open to new partnership opportunities with Hennepin County, the Metro Council, and state or federal agencies to provide for affordable housing. 3. The HRA will encourage the use of the Planned Unit Development process to allow for flexibility in design of affordable housing. 4. The HRA will encourage the City to give high priority to the use of Community Development Block Grant funds for rehabilitating the City's aging housing stock. The HRA will also encourage the City to take advantage of other programs to upgrade existing housing which may be offered by the federal, state or metro government. 5. Except where a particular program specifies an alternate, the HRA shall use the Livable Communities definition of affordable housing as the standard for defining modest-cost housing: owned housing should cost no more than 30% of the income of a household ranked at 80% of the median income level as estimated annually by HUD, and rental housing should cost no more than 30% of the income of a household ranked at 50% of the median income. 6. The HRA will meet with owners of market rate rental properties to discuss participation in the federal Section 8-voucher program and to ask what might make vouchers more acceptable. 7. The HRA will meet with owners of subsidized properties eligible to I.eave the subsidy program, to learn about their plans and to discuss any obstacles that may keep them from renewing their program contract. 8. The HRA will work with the City to identify potentially suitable locations for new modest-cost townhouse developments that provide an ownership option.