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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 give, sell, 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 />The HRA, as a separate legal entity, is specifically focused on housing issues for the <br />community. The HRA has the powers, per section 469.012, to: <br />· Hire staff/consultants and delegate powers or duties to that staff/consultants <br />· Prepare sites <br />· Make improvements to sites <br />· Determine appropriate income levels of housing project applicants <br />· Provide relocation assistance <br />· Make payment in lieu of tax to City, County and State <br />· Act as an agent for the Federal government <br />· Lease, mortgage and operate federal housing projects <br />· Plan programs of voluntary rehabilitation <br />· Plan methods of enforcing local code and land use restrictions <br />· Develop, test and report techniques for preventing and eliminating blight <br />· Borrow money or property <br />· Accept financial and service related assistance <br />· Issue 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 />· Study housing and redevelopment needs <br />· Lease and rent buildings or land in a project <br />· Own, hold and improve real or personal property <br />· Sell, lease, transfer, assign, pledge or dispose of interests in real or personal <br />property <br />· Procure bond payment guarantee <br />· Make necessary expenditures <br />· Compile and maintain catalog of vacant, open, undeveloped land and land with <br />substandard buildings or improvements <br />· Recommend commencement of municipal powers against properties to be <br />redeveloped <br />· Develop and administer housing rehabilitation loan and grant programs <br />· Develop and administer interest reduction programs to facilitate purchase by <br />low/moderate income individuals <br /> <br />3 <br />