Item Description:
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Submission of substantial amendment to the 2023 HUD Annual Action Plan; Neg 2 award modifications, 07/01/25-06/30/70, total combined NTE $1,000,000
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Resolution:
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BE IT RESOLVED, that the 2023 HOME Investment Partnerships Program award to Project for Pride in Living to develop affordable rental housing units in Brooklyn Center in the amount not to exceed $1,000,000 (Agreement PR00005266, Resolution 23-0175); be rescinded and reallocated for distribution under the HOME Investment Partnership Program; and
BE IT FURTHER RESOLVED, that the County Administrator be authorized to negotiate modifications to two 2025 HOME Investment Partnerships Program awards approved under Resolution 25-0192, reallocating the rescinded award herein, during the period July 1, 2025 through June 30, 2070:
* PR00007246 with JO Companies LLC, or an affiliated entity, for the Penn Station project, increasing the not to exceed amount by $560,000 for a new total not to exceed amount of $908,174;
* PR00007247 with Common Bond Communities, or an affiliated entity, for the South Shore Park and Westonka Estates project, increasing the not to exceed amount by $440,000 for a new total not to exceed amount of $990,000;
that the following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the agreements and other necessary documents on behalf of the county; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that a substantial amendment to the 2023 Annual Action Plan, reallocating up to $1,000,000 in 2023 HOME Investment Partnerships Program funding be approved; that the plan be submitted to the U.S. Department of Housing and Urban Development; and that the County Administrator be designated as the authorized official to act on behalf of Hennepin County in matter related thereto.
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Background:
The U.S. Department of Housing and Urban Development (HUD) requires Hennepin...
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