05-14 Resolution No. 12205RESOLUTION NO. 12205
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 Homeownership Assistance Program loan for West
Hennepin Affordable Housing Land Trust (WHAHLT), dba Homes Within Reach.
contingent upon the Richfield City Council’s consent to the HCHRA’s participation in the
project.
WHEREAS, the purchase of one of more 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.
BE IT RESOLVED that the participation of the Hennepin County Housing and
Redevelopment Authority 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 City to assist the project, nor shall the City 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 City Council of the City of Richfield this 14th day of May, 2024.
__________________________
Mary B. Supple, Mayor
ATTEST:
__________________________
Kelly Wynn, Interim City Clerk