HomeMy WebLinkAboutResolution 7483 HCHRA CITY OF ORONO
RESOLUTION NO. 7483
RESOLUTION APPROVING THE PARTICIPATION OF THE HENNEPIN COUNTY
HOUSING AND REDEVELOPMENT AUTHORITY IN AN AFFORDABLE HOUSING
PROJECT
WHEREAS,the Hennepin County Housing and Redevelopment Authority (HCHRA) has
approved the use Homeownership Assistance Program loan for West Hennepin Affordable
Housing Land Trust(WHAHLT), dba Homes Within Reach. contingent upon the ORONO City
Council's consent to the HCHRA's participation in the project.
WHEREAS, The purchase of one of more homes to be acquired for the WHAHLT program, of
which one or more properties may be located within the city of ORONO and the rest within
suburban Hennepin County, will preserve the supply of affordable housing in the city by
providing long-term affordability.
WHEREAS, HCHRA from the HCHRA will complete the financing required for the project to
go forward.
BE IT RESOLVED that the participation of the Hennepin County Housing and Redevelopment
Authority in the project for the limited purpose of providing financial support to the project is
hereby approved.
BE IT FURTHER RESOLVED that nothing in this resolution shall create a pecuniary
obligation of the City to assist the project, nor shall the City be in any way responsible for any
financing obligation or agreement of the HCHRA with respect to its provision of financial
assistance to the project.
BE IT FURTHER RESOLVED that nothing in this resolution is intended to endorse the merits
of the Projects to be undertaken. II,-, '
ADOPTED by the City Council of the City of ORONO this7O th day of AltaI Ci, 2024.
DENNIS WALSH Mayor
ATTEST:
CHRI L SIAN, City Clerk