Summary

HRA approves TIF spending plan amendment and multiple TIF decertifications; developer agreement amendment approved

RichfieldNov 17, 20253 min read

At a glance

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The Richfield Housing and Redevelopment Authority met November 17, 2025. Ehlers presented a Tax Increment Financing (TIF) status update. The HRA approved an amendment to a developer agreement with West Hennepin Affordable Housing Land Trust (Homes Within Reach), an amended 2022 TIF spending plan, and decertification of four TIF districts (Emi/TIF No. 2020-2, Urban Village, Interchange West/Lyndale Gateway). Claims for 10/20/2025 and 11/17/2025 were approved. Executive Director reported on the Penn Station project closing and announced an upcoming HRA commissioner vacancy due to the chair reaching her term limit.

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Housing and Redevelopment Authority

Topics discussed

Budget & TaxHousing

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Key decisions

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Approved agenda (motion carried 5-0).
Approved minutes of the Housing and Redevelopment Authority regular meeting of September 15, 2025 (motion carried 5-0).
Approved First Amendment to Developer Agreement with West Hennepin Affordable Housing Land Trust dba Homes Within Reach (Resolution No. 1517) (motion carried 5-0).
Approved an Amended 2022 Tax Increment Spending Plan (Resolution No. 1518) (motion carried 5-0).
Approved decertification of Tax Increment Financing District No. 2020-2 (Emi) (Resolution No. 1519) (motion carried 5-0).
Approved decertification of the Urban Village Tax Increment Financing District (Resolution No. 1520) (motion carried 5-0).
Approved decertification of the Interchange West / Lyndale Gateway Tax Increment Financing District (Resolution No. 1521) (motion carried 5-0).
Approved claims: $270,575.94 (U.S. Bank 10/20/2025) and $318,598.19 (U.S. Bank 11/17/2025) (motion carried 5-0).

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