01-835r
9
HRA RESOLUTION NO. 835
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RESOLUTION AUTHORIZING APPROVAL OF MODIFICATIONS TO THE RICHFIELD
HOME REHABILITATION DEFERRED LOAN PROGRAM
WHEREAS, the Richfield Housing and Redevelopment Authority (the "HRA")
provides a Rehabilitation Deferred Loan Program which utilizes Community Development
Block Grant (CDBG) funds to assist lower income homeowners with rehabilitating their
homes; and
WHEREAS, the program's Procedural Guidelines were approved by the HRA in
1999 and are modified periodically as program requirements and needs dictate; and
WHEREAS, Richfield staff has identified modifications to update the program's
Procedural Guidelines; and
WHEREAS, the HRA has reviewed the modifications.
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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 to allow for a loan limit of
$25,000 and to include the addition of language that acknowledges the new federal Lead-
Safe Housing Regulations.
Adopted by the Housing and Redevelopme
Richfield, Minnesota this 19th day of Novem~ J '
Thomas E. Harms, Chair
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Secretary Lc:
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