13-1157r HRA RESOLUTION NO. 1157
RESOLUTION AFFIRMING AND RATIFYING SUBMITTAL OF
AN APPLICATION TO MINNESOTA HOUSING COMMUNITY HOMEOWNERSHIP
IMPACT FUND FOR GAP FUNDS TO DEVELOP THREE AFFORDABLE NEW
HOMES THROUGH THE HRA'S NEW HOME PROGRAM
WHEREAS, Minnesota Housing has issued a Request for Proposals for the
Community Homeownership Impact Fund; and
WHEREAS, the Richfield Housing and Redevelopment Authority (HRA) proposes to
work together with the Greater Metropolitan Housing Corporation to construct three new
affordable homes through the HRA's New Home Program; and
WHEREAS, the HRA currently owns three single-family residential properties that
are ready for new home construction through its New Home Program;
WHEREAS, the participating entities have the institutional, managerial and financial
capability to ensure adequate project and grant administration; and
WHEREAS, the HRA certifies that it will comply with all applicable laws and
regulations as stated in the contract grant agreements; and
WHEREAS, local matching funds are required for the application and the HRA
seeks funding to complement locally-funded single family housing programs; therefore
NOW, THEREFORE BE IT RESOLVED, that the HRA is supportive of making an
application with Greater Metropolitan Housing Corporation to receive Community
Homeownership Impact Funds, and is supportive of including local funds in the 2014
budget in the case that the application is approved.
BE IT FURTHER RESOLVED, that the Executive Director is hereby authorized to
execute such agreements as are necessary to implement the program on behalf of the
applicant.
Adopted by the Housing and Redevelopment Authority in and for of the City of
Richfield, Minnesota this 17th day of June, 2013.
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Sunne M. Sandahl, Chairperson
AT JEST:
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i%ris Rubens -in, Secretary