ORIGINATING DEPARTMENT
To Committee(s)
| # | Committee Name | Meeting Date |
|---|---|---|
| 1 | Business, Inspections, Housing & Zoning Committee | Jan 3, 2023 |
Action Item(s)
| # | File Type | Subcategory | Item Description |
|---|---|---|---|
| 1 | Resolution | Grant | Passage of Resolution approving the Hennepin County Housing and Redevelopment Authority (HCHRA) to provide financial assistance to the following projects: 550 West Lake (550 Lake St W), Shelby Commons (188 1/2 Glenwood Ave), Whittier Community Housing (2609 Blaisdell Ave S), 16-plex Rehab (1814 Glenwood Ave), North Haven (2216 and 2220 Clinton Ave S), Passage Community Housing (17 24th St E), and NACC-H (1213 Franklin Ave). |
Previous Actions
Ward / Neighborhood / Address
| # | Ward | Neighborhood | Address |
|---|---|---|---|
| 1. | Ward 5 | Harrison | 1814 Glenwood Ave, Minneapolis, MN |
| 2. | Ward 5 | North Loop | 188 1/2 Glenwood Ave, Minneapolis, MN |
| 3. | Ward 6 | Ventura Village | 1213 Franklin Ave E, Minneapolis, MN |
| 4. | Ward 10 | Whittier | 550 Lake St W, Minneapolis, MN |
| 5. | Ward 10 | Whittier | 2609 Blaisdell Ave S, Minneapolis, MN |
| 6. | Ward 10 | Whittier | 2216 Clinton Ave S, Minneapolis, MN |
| 7. | Ward 10 | Whittier | 2220 Clinton Ave S, Minneapolis, MN |
| 8. | Ward 10 | Whittier | 17 24th St E, Minneapolis, MN |
Background Analysis
As part of Hennepin County’s Pandemic Response Housing Recovery work, the Hennepin County Housing and Redevelopment Authority (HCHRA) issued several Request for Proposals in 2022 to support the development and preservation of affordable housing. During the Fall 2022 RFP round, seven Minneapolis affordable housing projects received awards totaling approximately $6.7 million in housing investment. The HCHRA’s funding process requires that the City Council adopt a resolution approving the projects prior to executing funding agreements.
On November 8, 2022, the HCHRA approved financial assistance to housing projects in four categories –2022 Accelerator Round 3, 2022 NOAH Round 3, 2022 Affordable Housing Incentive Fund (AHIF), and the 2022 Fall Supportive Housing Fund. The following table outlines the Minneapolis projects receiving awards in each category.
|
2022 Accelerator Round 3 Awards |
|||
|
Project |
Address |
Applicant |
Amount |
|
550 West Lake |
550 Lake St W |
Lupe Development Partners |
$ 1,246,076 |
|
Shelby Commons |
188 1/2 Glenwood Ave |
Woda Cooper Companies |
$ 900,000 |
|
Whittier Community Housing |
2609 Blaisdell Ave S |
CommonBond Communities |
$ 3,000,000 |
|
2022 NOAH Round 3 Awards |
|||
|
Project |
Address |
Applicant |
Amount |
|
16-plex Rehab |
1814 Glenwood Ave |
Redeemer Center for Life |
$ 300,000 |
|
2022 Affordable Housing Incentive Fund Awards |
|||
|
Project |
Address |
Applicant |
Amount |
|
North Haven |
2216 and 2220 Clinton Ave S |
Beacon Interfaith Housing |
$ 300,000 |
|
Passage Community |
17 24th St E |
Simpson Housing |
$ 403,639 |
|
2022 Fall Supportive Housing Fund Awards |
|||
|
Project |
Address |
Applicant |
Amount |
|
NACC-H |
1213 Franklin Ave E |
Wellington and Native American Community Clinic |
$ 600,000 |
|
Total |
$ 6,749,715 |
||
Since Hennepin County administers these funds without City assistance, there is no appropriation associated with approving these projects. The attached resolution declares there is a need for and approves the HCHRA exercising its powers in the city for the limited purpose of providing financial assistance from the HCHRA for projects in the city.