Item Description:
title
Terminate and forgive AHIF Agmts A030962, A061468, and A090091 with the Little Earth of United Tribes Housing Corporation for 2501 Cedar Avenue South in Minneapolis.
end
Resolution:
body
BE IT RESOLVED, that the Executive Director be authorized to terminate the 2002 Affordable Housing Incentive Fund (AHIF) program's Loan Agreement A030962 with the Little Earth of United Tribes Housing Corporation for 2501 Cedar Avenue South in Minneapolis, awarded under Resolution 02-HCHRA-29 and forgive the loan amount of $400,000; that the Chair be authorized sign any related documents to effectuate loan termination and award forgiveness on behalf of the Authority; and
BE IT FURTHER RESOLVED, that the Executive Director be authorized to terminate the 2005 and 2006 AHIF program's Grant Agreement A061468 with the Little Earth of United Tribes Housing Corporation for 2501 Cedar Avenue South in Minneapolis, awarded under Resolutions 05-HCHRA-08 and 06-HCHRA-09 and forgive the total combined grant amount of $800,000; that the Chair be authorized to sign any related documents to effectuate grant terminations and forgiveness of awards on behalf of the Authority; and
BE IT FURTHER RESOLVED, that the Executive Director be authorized to terminate the 2008 AHIF program's Grant Agreement A090091with the Little Earth of United Tribes Housing Corporation for 2501 Cedar Avenue South in Minneapolis, awarded under Resolution 08-HCHRA-07-S1R1 and forgive the grant amount of $740,000; that the Chair be authorized to sign any related documents to effectuate grant termination and award forgiveness on behalf of the Authority.
end
Background:
The Little Earth of United Tribes Housing Corporation (Little Earth) was awarded $1,940,000 in funding from the Hennepin County Housing and Redevelopment Authority's (HCHRA) 2002, 2005, 2006, and 2008 Affordable Housing Incentive Fund (AHIF) program to renovate three affordable housing buildings at 2501 Cedar Avenue South in Minn...
Click here for full text