Item Description:
title
Approval of 2026 Hennepin County Housing and Redevelopment Authority levy and budget
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Resolution:
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BE IT RESOLVED, that the Hennepin County Housing and Redevelopment Authority (HCHRA) Board of Commissioners adopts a final tax levy of $22,186,537 for general operating purposes; and
BE IT FURTHER RESOLVED, that the 2026 HCHRA budget, attached, be approved at $24,938,959.
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Background:
On September 25, 2025, the Hennepin County Housing and Redevelopment Authority (HCHRA) Board of Commissioners set the HCHRA’s maximum levy for 2026 at $22,186,537 with a budget of $24,938,959 (Resolution 25-HCHRA-0035).
The 2026 HCHRA budget supports:
• a full range of affordable housing opportunities, which include the Affordable Housing Incentive Fund, Supportive Housing capital program, and investments in homeownership and single-room occupancy;
• regional economic competitiveness, which includes the Elevate Hennepin suite of activities, and a core set of cohort training programs (CEO Start, CEO Now, and CEO Next);
• building the long-term value of communities, which include the Transit Oriented Community and Transit Oriented Community Pre-Development programs; and
• operations, administrative, and financial activities
Current Request: Adoption of final tax levy of $22,186,537 and approval of the HCHRA’s 2026 budget of $24,938,959.
Impact/Outcome: Adoption of the 2026 HCHRA levy of $22,186,537 and budget of $24,938,959 will support the capital and operational needs of the authority for 2026.
recommendation
Recommendation from County Administrator: Recommend Approval