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] <br />a <br />; <br />� <br />� <br />� <br />� <br />$ <br />4 <br />a [� <br />]] <br />] �. <br />]� <br />]� <br />]� <br />]� <br />1- <br />1� <br />1� <br />�Ca <br />�1 <br />�? <br />�� <br />�� <br />�� <br />�6 <br />�`� <br />�� <br />�� <br />3{] <br />Staff Approval: <br />�: C <br />REQUEST FOR COUNCIL ACTION <br />A�i��� aR�r r��x�x <br />Date: 04/23/2007 <br />Item No: 7�c� <br />Agenda Section: <br />Item Description: Support for Fu �a d ii� �.���li�sal f�a�� �— C�t u I rs�l Community Housing <br />Trust — for Renovation of HarMar Apartments at 2225 Snelling <br />Avenue in Roseville (��"Ob�9} <br />�.0 Requested Action <br />l 1 The Central Community Housing Trust (CCHT) is requesting the City Council's <br />resolution of support in its application to the Minnesota Housing Financing Agency for <br />the renovation of Har Mar Apartments located at 2225 Snelling Avenue in Roseville <br />�.0 Background <br />?_1 CCHT is a leading Twin Cities non profit housing developer and owner of affordable <br />housing. Since 1986, CCHT has built and renovated nearly 1,300 housing units. CCHT <br />strives to provide high-quality, people-orienteddesign to help stabilize lives and transform <br />communities. CCHT made a presentation on March 20,2006 to introducethe City Council to <br />the renovation proj ect at the HarMar Apartments. <br />�_� The Har Mar Apartments are in need of major renovation and repair. The 40-year old <br />complex experienced deferred maintenanceover the years. This property serves a great need <br />for affordable apartment living in the community. <br />'?_3 CCHT purchased the 120-unit Har Mar Apartments and is preparing plans to renovate the <br />existing units and build new housing that would result in a total of approximately 150 <br />mixed-income rental housing units. This will include workforce apartments that are <br />affordable to household earning modest wages as well as those households earning higher <br />wages. CCHT will strive to keep the units affordable which is a key component of their <br />corporate mission. However, to achieve this, public assistance will he needed and funds <br />from MHFA, Metropolitan Council and other public agencies are critical. <br />_�.�} <br />�,! <br />Suggested Council Action <br />By resolution, support CCHT',� application to Minnesota Housing Finance Agency for <br />funding of renovations and redevelopment of Har Mar Apartments. <br />CCHT Funding Application Support - Page 1 of 1 <br />