Item Description:
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2025 Supportive Housing Strategy capital funding recommendations - neg 7 agmts, 05/13/25-05/06/80, total combined NTE $6,350,000
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Resolution:
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BE IT RESOLVED, that the 2023 Supportive Housing Strategy program award to Reuter Walton Development LLC for the 901 Cedar project (Agreement PR00005295, Resolution 23-HCHRA-0019), in the amount not to exceed $600,000, be rescinded and reallocated for distribution under the Hennepin County Housing and Redevelopment Authority (HCHRA) Supportive Housing Strategy program; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that the 2021 Supportive Housing Strategy program award to Beacon Interfaith Housing Collaborative for the Vista 44 project (PR00003365, Resolution 21-HCHRA-0018), be reduced by $1,600,000 to a new not to exceed amount of $100,000, and the $1,600,000 be available for redistribution under the HCHRA Supportive Housing Strategy program; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that the Executive Director be authorized to negotiate these Agreements during the period May 13, 2025 through May 6, 2080:
? PR00007248 with Trellis Co, or affiliated entity, for the Bickham Court project, with a not to exceed amount of $1,200,000;
? PR00007250 with Trellis Co, or affiliated entity, for the Cheatham Apartments project, with a not to exceed amount of $1,450,000;
? PR00007251 with Trellis Co, or affiliated entity, for the Flour Exchange project, with a not to exceed amount of $600,000;
? PR00007252 with RS EDEN, or affiliated entity, for the Lindquist Apartments project, with a not to exceed amount of $1,000,000;
? PR00007253 with Trellis Co, or affiliated entity, for the Lyndale Avenue Apartments project, with a not to exceed amount of $500,000;
* PR00007254 with Volunteers of America National Services and Our Savior's Community Services, or affiliated entity, for the OSCS-VOA Housing ...
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