Title
Approving the June 14, 2017 HRA Board Meeting Minutes
Body
ROLL CALL
Present 5 - Commissioners Noecker, Prince, Stark, Thao and Chair Brendmoen
Absent 2 - Commissioners Bostrom and Tolbert
CONSENT AGENDA
Note: Items listed under the Consent Agenda will be enacted by one motion with no separate discussion. If discussion on an item is desired, the item will be removed from the Consent Agenda for separate consideration.
Approval of the Consent Agenda
1. Approving the May 24, 2017 HRA Board Meeting Minutes
Adopted as set forth in Min 17-22
2. Resolution Approving Subordination for Kendall Land Company, LLC, 840 Payne Avenue, District 5, Ward 6.
Adopted as set forth in RES 17-924
Moved by Commissioner Prince, Consent Agenda is Adopted
VOTE: Yeas - 5 Nays - 0
FOR DISCUSSION
Commissioner Bostrom Arrived
3. Resolution Approving and Authorizing a Loan of $285,000.00 in HUD Rental Rehabilitation/HOME Funds to Project for Pride in Living/Ain Dah Yung Center for Development of 771-785 University Avenue, District 7, Ward 1
Kristin Guild, Acting HRA Executive Director, stated Project for Pride in Living and Ain Dah Yung Center propose a new building at 771 University Ave with 42 studio apartments for homeless youth with an emphasis on Native Americans. The building will house residents at or below 30% Area Median Income and the ground floor will have office space, a kitchen, a community room and a computer lab. The HOME loan of up to $285,000 will be a 1% deferred loan with a term of 30 years. If approved today, the HOME fund will have a balance of $403,965 which does not include the 2017 HOME award because those allocations have not been received from HUD.
Deb Foster, Executive Director Ain Dah Yung Center, expressed their gratitude and excitement for this project.
Moved by Commissioner Thao, Resolution Approved as set forth in RES 17-921
VOTE: Yeas - 6 Nays - 0
4. Resolution Endorsing Proposed Changes to the Minneapolis/Saint Paul Housing Finance Boar...
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