08-15-2022 HRA Resolution No. 1438HRA RESOLUTION NO. 1438
RESOLUTION APPROVING THE PARTICIPATION OF THE HENNEPIN COUNTY HOUSING
AND REDEVELOPMENT AUTHORITY IN AN AFFORDABLE HOUSING PROJECT
WHEREAS, the Hennepin County Housing and Redevelopment Authority (HCHRA) has
approved the use of a $175,000 Affordable Housing Incentive Fund (AHIF) loan for West
Hennepin Affordable Housing Land Trust (WHAHLT), dba Homes Within Reach contingent
upon the City of Richfield Housing and Redevelopment Authority’s (HRA) consent to the
HCHRA’s participation in the project.
WHEREAS, The purchase of up to ten homes to be acquired for the WHAHLT program,
of which one or more properties may be located within the city of Richfield and the rest within
suburban Hennepin County, will preserve the supply of affordable housing in the city by
providing long-term affordability.
WHEREAS, AHIF from the HCHRA will complete the financing required for the project to
go forward.
NOW THEREFORE, BE IT RESOLVED that the participation of the HCHRA in the
project for the limited purpose of providing financial support to the project is hereby approved.
BE IT FURTHER RESOLVED that nothing in this resolution shall create a pecuniary
obligation of the HRA to assist the project, nor shall the HRA be in any way responsible for any
financing obligation or agreement of the HCHRA with respect to its provision of financial
assistance to the project.
BE IT FURTHER RESOLVED that nothing in this resolution is intended to endorse the
merits of the projects to be undertaken.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield
this 15th day of August, 2022.
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Mary B. Supple, Chair
ATTEST:
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Maria Regan Gonzalez, Secretary