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The HRA approved reserving funds for Saint Paul projects applying to the Minnesota Housing Finance Agency; authorized release of the 4(d) Affordable Housing Incentive Program covenant on 556 Gotzian Street; and approved sale and conveyance of an HRA-owned parcel at 1087 Ross Avenue with authorization for a development agreement and redevelopment expenditures.
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The board set aside funding support for local housing projects applying for state housing finance, which helps those projects be competitive for that funding. The HRA removed its 4(d) Affordable Housing Incentive Program covenant on 556 Gotzian Street (a legal agreement tied to a housing incentive), which changes the restriction attached to that property. The board also approved selling the HRA-owned lot at 1087 Ross Avenue and authorized entering a development agreement and spending for its redevelopment, allowing the site to move forward with a developer-led project.
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