1979-120145
HRA RESOLUTION NO. I2Q
~ - RESOLUTION F_4rPART.TSHING CHANGES '.L1D THE RICF~'IEL~ HOUSING
FUDID ADMIlVISTRATIVE GUIDFI,Il~S AND 1~',AT~OCI~TING GRANT
FUNI?S Ta VARIOUS PROGRAI~iS
' WHEREAS, the Housing and Redevelopment Authority (HRA) has
established the Richfield Housing Fund for rehabilitation of
single. family owner-occupied housing in Richfield, and
WHEREAS, the Richfield Housing:Fund consists_of several
rehabilitation programs including ~IHFA Lora-Interest Loan Program,
MHFA. Grant Program, Incentive Grant Program, YES for Rehabilita-
tion and Emergency Grant Program, and
WHEREAS, the HRA has established administrative guidelines
for the disbursement of funds from-the various rehabilitation
programs, and -
WHEREAS, the HRA has from time to time amended these guide-
lines, and
WHEREAS, the HRA has received the Annual Housing Report and
the recommendations of the Ad Hoc Housing Committee, and
ZVHEREAS, the HRA has identified several necessary changes
in the guidelines and desire to change both the guidelines and
the allocation of funds.
NOIV, THEREFORE, BE IT RESOLVED that the HRA:
1) Authorize the Executive Director to make c}ranges to the
Richfield Housing Fund Administrative Guidelines as
amended;
2) Reallocate Year III and Year IV funds from the Incentive
Grant Program to the Lora Income Grant Program.
Passed by the Ilousing and Redevelopment Authority of Richfield,
Minnesota this 12th day of l~iarch, 197J.
ren L. Lai ia~
ATTEST:
~.'. L. L•.:et~..irrr-x ~ ~cre',-~ry