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File #: RES 20-608    Version: 1 Name: 2019 Community Land Trust RFP Award Recommendations
Type: Resolution Status: Archived
In control: Housing & Redevelopment Authority
Final action: 4/8/2020
Title: Resolution authorizing execution of development agreements and related expenditures from the 2019 Community Land Trust Budget within the HRA Development Capital Projects 2019 Housing Trust Fund budget, Citywide
Sponsors: Chris Tolbert
Attachments: 1. Board Report, 2. 2019 Housing Trust Fund Community Land Trust RFP Funding Recommendations
Related files: RES 19-858, RES 18-2080, RES 18-2079, RES 18-2072
Title

Resolution authorizing execution of development agreements and related expenditures from the 2019 Community Land Trust Budget within the HRA Development Capital Projects 2019 Housing Trust Fund budget, 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, the Saint Paul City Council, through Resolution 18-2072, adopted 2019 budgets as proposed by the Mayor; and

WHEREAS, the HRA, through Resolution 18-2079, adopted the final 2019 HRA budget; and

WHEREAS, the Saint Paul City Council, through Resolution 18-2080, adopted the 2019 final HRA budget; and

WHEREAS, $10 million was allocated over a period of three years and $2 million was allocated annually beginning in 2019 for the Housing Trust Fund to create new affordable housing, preserve existing affordable housing, and protect the quality of affordable housing in Saint Paul; and

WHEREAS, The Housing Trust Fund strategy identifies five key objectives to address housing issues. The strategy builds?upon th...

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