09-25 Resolution No. 11549 RESOLUTION NO. 11549
A RESOLUTION APPROVING THE ADOPTION OF
AN INCLUSIONARY AFFORDABLE HOUSING POLICY
WHEREAS, the Richfield City Council adopted a Housing Policy Vision
Statement in 2013 that supports a full range and balance of housing types that match
the choices of its diverse residents; and
WHEREAS, the City Council wishes to further support development of high
quality housing in the community for households of various income levels, ages and
sizes in order to help the City meet its goals of preserving and promoting economically
diverse housing options in the City; and
WHEREAS, without intervention, housing prices will continue to rise in new
developments;
WHEREAS, the City Council wants to ensure that both the public and private
sectors continue to create affordable housing opportunities in the City; and
WHEREAS, the City Council believes that adoption of a policy setting criteria and
incentives for developers to build new affordable units will assist the City in achieving its
inclusionary housing goals; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota, that:
1. The Inclusionary Affordable Housing Policy is hereby approved and adopted.
2. City staff is authorized to carry out the policy effective immediately.
Adopted by the City Council of the City of Richfield, Minnesota this 25th day of
September, 2018.
*/e/
Pat Elliott, Mayor
ATTEST:
Eliza:eth anHoose, City Clerk