Title
Approving the February 13, 2019 HRA Board meeting minutes
Body
SWEARING IN OF KASSIM BUSURI
ROLL CALL
Present 7 - Commissioners Brendmoen, Busuri, Jalali Nelson, Noecker, Prince, Thao and Chair Tolbert
CONSENT AGENDA
1. Approving the January 23, 2019 HRA Board meeting minutes
Adopted as set forth in MIN 19-8
Moved by Commissioner Busuri, Consent Agenda is Adopted
VOTE: Yeas - 7 Nays - 0
FOR DISCUSSION
2. Approving the purchase by the City of Saint Paul of improvements to the RiverCentre Parking Ramp made by the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota with the proceeds of its Parking Facility Lease Revenue Bonds, Series 2009 (RiverCentre Parking Ramp Improvements) and the redemption of bonds
Dr. Bruce Corrie, HRA Executive Director, stated that this item is a refinancing of the existing bonds to achieve cost efficiencies.
Moved by Commissioner Noecker, Resolution Adopted as set forth in RES 19-270
VOTE: Yeas - 7 Nays - 0
3. Resolution approving guidelines and funding for the 2019 4(d) Affordable Housing Incentive program
Dr. Bruce Corrie, HRA Executive Director, stated that this request if for the approval of the 4(d) Affordable Housing Incentive Program guidelines and $60,000 of the Housing Trust Fund to be allocated to the 4d Affordable Housing Incentive Program for the year 2019. This program offers property owners tax credits as well as a grant of $100 per unit, up to $1,000 per building, for keeping units affordable and limiting rent increases to 3% a year.
Commissioner Noecker asked how this program will be advertised. Dr. Corrie stated that PED will do direct mailings to property owners. Kayla Schuchman, PED Housing Director, shared that in addition to direct mailings, PED is working with Minnesota Housing on the possibility of extending the deadline beyond March 31. A press release will be sent to the Multi-housing Association and we’re also working with Housing Link in hopes that they can help get the...
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