11-1094r HRA RESOLUTION NO. 1094
RESOLUTION AFFIRMING AND RATIFYING SUBMITTAL OF
AN APPLICATION TO MINNESOTA HOUSING COMMUNITY FIX-UP FUND PROGRAM
AND COMMUNITY REVITALIZATION FUND AND AUTHORIZING PROGRAM
DEVELOPMENT TO CREATE A PROGRAM TO WRITE DOWN ON THE INTEREST-
RATE ON HOME IMPROVEMENT LOANS
WHEREAS, Minnesota Housing has issued a Request for Proposals for the
Community Revitalization Fund; and
WHEREAS, the cities of Richfield, Brooklyn Center, and Crystal are working together
with Greater Metropolitan Housing Corporation to create a home-improvement incentive
loan program to stabilize neighborhoods affected by foreclosures and declining property
values; and
WHEREAS, the participating entities have the institutional, managerial and financial
capability to ensure adequate project and grant administration; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield
certifies that it will comply with all applicable laws and regulations as stated in the contract
grant agreements; and
WHEREAS, local matching funds are required for the application and the Housing and
Redevelopment Authority in and for the City of Richfield seeks funding to complement
locally-funded single family housing programs; therefore
NOW, THEREFORE BE IT RESOLVED, that the Housing and Redevelopment
Authority in and for the City of Richfield is supportive of making an application with Greater
Metropolitan Housing Corporation to receive Community Fix-Up Fund designation and
Community Revitalization Funds, and is supportive of including local funds in the 2012
budget in the case that the application is approved.
BE IT FURTHER RESOLVED, that the Executive Director is hereby authorized to
execute such agreements as are necessary to implement the program on behalf of the
applicant.
Adopted by the Housing and Redevelopment Authority in and for of the City of
Richfield, Minnesota this 20th day of June, 2011.
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S nne M. Sandahl, Chairperson
ATTEST:
. •an Helmberger, Secretary A