04-27 Resolution No. 11849RESOLUTION NO. 11849
RESOLUTION APPROVING THE ADOPTION OF
AMENDMENTS TO THE INCLUSIONARY AFFORDABLE HOUSING POLICY
WHEREAS, the City of Richfield ("City") adopted an Inclusionary Housing Policy
in 2018 that furthers the development of affordable housing within in the City; and
WHEREAS, the City 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, the City wants to ensure that both the public and private sectors
continue to create affordable housing opportunities in the City; and
WHEREAS, the City 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
WHEREAS, the City regularly reviews its policies and periodically makes
changes to ensure consistency with current City policies and market conditions.
NOW, THEREFORE, BE IT RESOLVED by the City of Richfield, Minnesota, that:
1. The Inclusionary Affordable Housing Policy as revised is hereby approved
and adopted.
2. City staff is authorized to carry out the policy effective immediately.
Adopted by the City of Richfield, Minnesota this 27th day of April, 2021.
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Maria Regan Gonzalez, Mayor
ATTEST:
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Elizabeth VanHoose, City Clerk