2005-06-21_Agenda - Laserfiche WebLink

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REQUEST FOR HRA ACTION Date: 06-21-05 Item No: 7.a. Staff Approval: Agenda Section: Action Items Item Description: Approval to Submit an application under the Consolidated Request for Proposals (RFP) for 311 County Road B Background 1.0 1.1The MHFA consolidated request for proposals for 2005 on single family projects is due on July 14, 2005. The objective of the request for proposals is to provide “one-stop shopping” for funds and/or assistance available to address the need for single family, owner-occupied affordable housing. The Family Housing Fund, the Greater Metropolitan Housing Fund, the Metropolitan Council, the Minnesota Department of Corrections and the Minnesota Housing Finance Agency join together on this application process to apply their funds collectively to projects that meets their objectives. 1.2The HRA supported the submission of an MHFA consolidated request for proposals in February, 2005. The request for MHFA funding under this application for 311 County Road B was not supported at this time due to the competitiveness of other applications and readiness of this project. Staff has had discussions with MHFA staff and they are encouraging the HRA to resubmit the application and proceed with land control and planning. 1.3Funds from the Met Council LHIA program are grants that must be matched on a dollar- for-dollar basis by the municipality (HRA) receiving the funds. The LHIA funds may be used for costs associated with projects including, but not limited to, acquisition, rehabilitation and construction of permanent affordable and life cycle housing. Suggested HRA Action 2.0 2.1 Discuss 311 County Road B proposed project and provide direction. If interested in pursuing the project, by motion, 2.2approve the submission of the Single Family Consolidated Request for Proposal and direct HRA staff to make an application. Prepared by: Cathy Bennett (792-7072) RHRA_ RFP Approval (06-21-05) - Page 1 of 1