11-20 HRA Resolution No. 1273 HRA RESOLUTION NO. 1273
RESOLUTION AUTHORIZING THE USE OF AN AFFORDABLE HOUSING INCENTIVE
FUND LOAN FOR THE PURCHASE OF 6521 STEVENS AVENUE
WHEREAS, Hennepin County Housing and Redevelopment Authority (HCHRA) in
Resolution No. 6-HCHRA-0019 has approved the use of a $29,000 Affordable Housing
Incentive Fund loan for the 6521 Stevens Avenue project, contingent upon the Richfield
Housing and Redevelopment Authority's consent to the HCHRA's participation in the
project; and
WHEREAS, the 6521 Stevens Avenue project will increase/preserve the supply of
affordable housing in the City of Richfield by providing one affordable single-family home;
and
WHEREAS, the loan from the HCHRA will complete the financing required for the
project to proceed.
BE IT RESOLVED, that the participation of the Hennepin County Housing and
Redevelopment Authority in the project is hereby approved.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of November, 2017.
,-12.441deU
Mary B. Su le, Chair
ATTEST:
, Secre Ty
112017 6521 Stevens AHIF