Title
Resolution approving amendments to the Rental Rehabilitation Loan Program guidelines, Citywide
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. (the “Act”); and
WHEREAS, the HRA has the power to engage in development or redevelopment activities under Minnesota law and the HRA 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 redevelopment, and (e) improving the tax base and the financial stability of the community, and to engage in the aforementioned activities 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 Minn Stat Section 469.002, Subd. 14; and
WHEREAS, on July 26, 2017, the HRA passed Resolution 17-1158, approving the Rental Rehabilitation Loan Program Guidelines that establish baseline considerations and guidance for implementation of the Rental Rehabilitation Loan Program; and
WHEREAS, on January 24, 2018, the HRA passed Resolution 18-142, approving the amendment of the Rental Rehabilitation Loan Program guidelines to fund the rehabilitation of properties graded A or B by the City of Saint Paul’s Department of Safety and Inspection (“DSI”) that are located in ACP50 areas; and
WHEREAS, on July 22, 2020, the HRA passed Resolution 20-1015, approving the amendment of the Rental Rehabilitation Loan Program guidelines to fund the rehabilitation of properties between 1 and 7 units, properties located in non ACP50 areas, properties that restrict tenant income to 60% Area...
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