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Resolution approving the amendment of the Rental Rehabilitation Loan Program guidelines
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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 December 14, 2016, the Council of the City of Saint Paul passed Resolution 16-2160, adopting the 2017 budgets as proposed by the Mayor (the “2017 Budget”); and
WHEREAS, the 2017 Budget allocated $750,000 to the HRA Enterprise Fund for the rehabilitation of one to four unit rental dwellings, to improve the safety and quality of naturally-occurring low-income housing stock within the City; 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, HRA staff is proposing to amend the Rental Rehabilitation Loan Guidelines to fund the rehabilitation of properties graded B or A by the City Department of Safety and Inspection that are ...
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