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<br />2.0 What is an BRA? <br /> <br />A Housing and Redevelopment Authority (HRA) is a separate legal authority under state <br />statute 469.001 to 469.047 that directs redevelopment projects with the specific purpose <br />of removing blight and promoting affordable, safe and decent housing. <br /> <br />3.0 What are the benefits of having an BRA? <br /> <br />An HRA has the authority and powers to 'i~~, transfer or convey real or personal <br />property as necessary or convenient to implement its mission without jeopardizing the <br />legal framework of the core city government. <br /> <br /> <br />The HRA, as a separate legal entity, is specifical ~ used on housing issues for the <br />community. The HRA has the powers, per sectio 469.012 to: <br />III Hire staff/consultants and delegate powers or utles to that staff/consultants <br />III Prepare sites <br />Ii Make improvements to sites <br />Ii Determine appropriate income levels of housing project applicants <br />III Provide relocation assistance <br />Ii Make payment in lieu of tax to City, County and State <br />III Act as an agent for the Federal government <br />III Lease, mortgage and operate federal housing projects <br />Ii Plan programs of voluntary rehabilitation <br />III Plan methods of enforcing local code and land use restrictions <br />Ii Develop, test and report techniques for preventing and eliminating blight <br />III Borrow money or property <br />financial and service related assistance <br />bonds, notes or evidences of indebt ness for corporate purposes <br />Determine where unsafe, unsanitary or over-crowding exists within an area of <br />operation <br />III Study housing and redevelopment needs <br />III Lease and rent buildings or land in a project <br />Ii Own, hold and improve real or personal property <br />Ii Sell, lease, transfer, assign, pledge or dispose of interests 1I1 real or personal <br />property <br />'" Procure bond payment guarantee <br />Ii Make necessary expenditures <br />Ii! Compile and maintain catalog of vacant, open, undeveloped land and land with <br />substandard buildings or improvements <br />Ii Recommend commencement of municipal powers against properties to be <br />redeveloped <br />III Develop and administer housing rehabilitation loan and grant programs <br />Ii! Develop and administer interest reduction programs to facilitate purch <br />low/moderate income individuals <br />{ <br /> <br />