Item Description:
title
2026 AHIF funding recommendations - Neg 2 award modifications and 7 2026 award agreements, 05/12/26-05/12/81, total combined NTE $5,852,411; supp app to 2026 HCHRA budget
end
Resolution:
body
BE IT RESOLVED, that the unexpended amount of $75,000 from 2021 AHIF award (Resolution 21-HCHRA-0016) to the City of Plymouth HRA for the Valor Place project (Agreement PR00003348), be reallocated for distribution under the 2026 Hennepin County Housing and Redevelopment Authority (HCHRA) budget as described herein; that a budget authority transfer from HRA: AHIF 2019-2023 Project 1006757 to HRA: AHIF 2026 Project 1012017 in the amount of $75,000, be authorized; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that the 2024 AHIF award (Resolution 24-HCHRA-0015) to Matrix Development LLC for the Logan Avenue Senior project (Agreement PR00006155), in the amount not to exceed $323,223, be rescinded and reallocated for distribution under the 2026 HCHRA budget as described herein; that a budget authority transfer from HRA: AHIF 2024 Project 1010428 to HRA: AHIF 2026 Project 1012017 in the amount of $323,223, be authorized; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that repayment proceeds in the amount of $454,188 from Velair Development Company, formerly known as MWF, for the 2006 AHIF project Washington Court (Agreement A061361, Resolution 06-HCHRA-09), be received and reallocated for distribution under the 2026 HCHRA budget as described herein; that a supplemental appropriation to HRA: AHIF 2026 Project 1012017 in the amount of $454,188 be authorized; and that the Controller be authorized to accept and disburse funds as directed; and
BE IT FURTHER RESOLVED, that the Executive Director be authorized to negotiate the following Agreements during the period May 12, 2026 through May 12, 2081:
* PR00008411 with Clare Housing, or affiliated entity, for t...
Click here for full text