Title
Resolution approving and authorizing the sale and conveyance of 626 Reaney Avenue and 621 and 629 Minnehaha Avenue East to Dayton’s Bluff Neighborhood Housing Services; approving and authorizing the Housing and Redevelopment Authority to participate in the Minnesota Housing Finance Agency Community Homeownership Impact Fund and to establish a $434,500 grant budget for redevelopment; approving and authorizing an amendment to the Housing Trust Fund budget to include $500,000 for the Inspiring Communities program; approving and authorizing tentative developer status to Dayton’s Bluff Neighborhood Housing Services for 616 and 622 Reaney Avenue; approving and authorizing expenditures of up to $934,500 for redevelopment, District 5, Ward 6
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”) is a public body corporate and politic established pursuant to the provisions of Minnesota Statutes section 469.001 et. Seq.; and
WHEREAS, the HRA has the power to engage in development or redevelopment activities under Minnesota Law; is authorized to engage in activities relating to (a) housing projects and development, (b) removal and prevention of the spread of conditions of blight or deterioration, (c) bringing substandard buildings and improvements into compliance with public standards, (d) disposition of land for private development, and (e) improving the tax base and the financial stability of the community, when these needs cannot be met through reliance solely upon private initiative and which can also be undertaken in targeted neighborhoods; and is authorized to create redevelopment projects as defined in Minnesota Statutes section 469.002, subd. 14; and
WHEREAS, the Saint Paul City Council, through Resolution 18-1204, called for significant new funding for an affordable Housing Trust Fund to assist in the creation of additional units of affordable housing and to renovate and preserve naturally occurring...
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