Item Description:
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2026 LAHA funding recommendations - Neg 2 2026 award agmts, 05/12/26-05/12/81, total combined NTE $1,409,733
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Resolution:
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BE IT RESOLVED, that the Executive Director be authorized to negotiate the following Local Affordable Housing Aid (LAHA) Agreements during the period May 12, 2026 through May 12, 2081:
* PR00008403 with CommonBond Communities, or affiliated entity, for the Arbor Lakes Commons project, with a not to exceed amount of $575,000;
* PR00008393 with Trellis Co., or affiliated entity, for the Cheatham Apartments project, with a not to exceed amount of $834,733;
that following review and approval by the County Attorney's Office, the Chair be authorized to sign the agreements and related documents on behalf of the authority; and that the Controller be authorized to disburse funds as directed.
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Background:
In 2023, the 93rd Minnesota Legislature approved a sales and use tax dedicated to affordable housing, and annual appropriations to the new Statewide and Local Affordable Housing Aid funds. The 0.25% Metropolitan Region Sales and Use Tax for housing, together with annual appropriations, has provided approximately $30 million per year for Hennepin County under the Local Affordable Housing Aid (LAHA) and Statewide Affordable Housing Aid (SAHA) programs. The primary intent of these new funding sources is to increase production and preservation of affordable housing.
In November 2023, the Hennepin County Board affirmed a LAHA/SAHA implementation framework tailored to leverage Hennepin County's unique program-based strengths to address our deepest racial disparities in housing (Resolution 23-0438). The implementation framework outlined five strategies to improve housing outcomes along the county's affordable housing continuum, including capital funding to increase affordable housing production.
Resolutions 25-0364 and 25-HCHRA-0052 (adopted December 11, 2025) allocated approximately $1.4 million of Hennepin County...
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