10-15 HRA Resolution No. 1315 HRA RESOLUTION NO. 1315
A RESOLUTION APPROVING THE ADOPTION OF
AN INCLUSIONARY AFFORDABLE HOUSING POLICY
WHEREAS, the Richfield Housing and Redevelopment Authority (HRA) 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 HRA 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 HRA wants to ensure that both the public and private sectors
continue to create affordable housing opportunities in the City; and
WHEREAS, the HRA 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 Housing and Redevelopment
Authority in, and of, the City of Richfield, Minnesota, that:
1. The Inclusionary Affordable Housing Policy is hereby approved and adopted.
2. HRA staff is authorized to carry out the policy effective immediately.
Adopted by the Housing and Redevelopment Authority in, and of, the City of
Richfield, Minnesota this 15th day of October 2018.
11/4. ,
Mary Supple, Chair
ATTEST:
Erin Vrieze Dani6K Secretary