Title
Approval of the April 24, 2013 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Stark, Thune, Tolbert
Excused: Commissioner Lantry
CONSENT
1. Approval of the April 10, 2013 HRA meeting minutes.
Commissioner Carter moved approval.
VOTE: Yeas - 6 Nays - 0
PUBLIC HEARING
2. Resolution Approving the Sale of Land and Conveyance of Parcel 747 Jessamine Avenue E under the ISP/NSP Program, Payne-Phalen, District 5, Ward 6
Ms. Cecile Bedor, Executive Director of the HRA, stated that the HRA purchased this property on December 14, 2010 for $25,640 representing a discount of 27%. This is a two-story, 1,600 square foot home with four-bedrooms, and two-bathrooms; it was built in 1914. The property is being sold for $159,900 and the total gap assistance is approximately $74,000.
Chair Thune announced the public hearing. There being no testimony Commissioner Bostrom moved to close the public hearing. The public hearing was closed.
VOTE: Yeas - 6 Nays - 0
Commissioner Bostrom noted that he had attended the open house at this property last week, and stated that this is a remarkable rehabilitation. When this property went on the market they had three offers within three days. The rehabilitated home is in a location where it’s noticeable that there is exciting work being done, by the City, in this neighborhood.
Commissioner Bostrom moved approval. Approved as set forth in resolution RES PH 13-85
VOTE: Yeas - 6 Nays - 0
DISCUSSION
3. Resolution Endorsing and Approving the Proposed Changes to the Minneapolis/Saint Paul Housing Finance Board’s Low Income Housing Tax Credit Procedural Manual for 2014 and Qualified Allocation Plan for 2014, Citywide
Ms. Bedor stated that PED staff, Mr. Joe Collins and PED Housing Director, Mr. Al Carlson had prepared the Procedural Manual and Qualified Allocation Plan (“QAP”) for Low Income Housing Tax Credits for 2014, and asked that they give a presentation.
Mr. Carlson ...
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