04-922r
96
HRA RESOLUTION NO. 922
RESOLUTION AUTHORIZING APPROVAL OF MODIFICATIONS TO THE HOME
REHABILITATION DEFERRED LOAN PROGRAM
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (HRA) provides a Rehabilitation Deferred Loan program which utilizes
federal Community Development Block Grant (CDBG) funds as allocated by Hennepin
County to assist low income homeowners with rehabilitation their homes; and
WHEREAS, the program's Procedural Guidelines were last approved by the HRA in
2001, and are modified periodically as program requirements and needs dictate; and
WHEREAS, Hennepin County has updated its guidelines, necessitating Richfield to
do the same; and
WHEREAS, the HRA has reviewed the modifications.
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the Richfield Rehabilitation
Deferred Loan Program Procedural Guidelines will be modified according to updated
guidelines received from Hennepin County, and with minor variations to those guidelines
as approved by Hennepin County.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 17th day of May 2004.
ATTEST:
Ku5luJ.. ~
Kristal Stokes, Secretary