HomeMy WebLinkAboutResolution 85-30RESOLUTION 85- 30
AUTHORIZING THE SUBMISSION OF AN APPLICATION TO THE MINNESOTA
HOUSING FINANCE AGENCY FOR PARTICIPATION IN THE THIRD PHASE
OF THE MUNICIPAL HOME MORTGAGE PROGRAM
WHEREAS, the Minnesota Housing Finance Agency has solicitated interest by
local communities to participate in the third phase of the Municipal Home
Mortgage Program, and,
WHEREAS, the Minnesota Housing Finance Agency provides financing for
housing for low and moderate income families through the sale of tax-exempt
mortgage revenue bonds, and,
WHEREAS, the City of Columbia Heights adopted a Housing Plan on September
22, 1980, which identifies the need to develop and participate in programs
which primarily benefit persons of low and moderate income;
NOW, THEREFORE, BE IT RESOLVED that the Columbia Heights City Council
ratifies the action of the Housing and Redevelopment Authority and hereby
authorizes the submission of an application to the Minnesota Housing Fiance
Agency for the Third Phase of the Municipal Home Mortgage Program on behalf of
the City of Columbia Heights.
Passed this 24 day of June , 1985.
Offered By: Hovland
Seconded By: Petkoff
Roll Call: All ayes
e Student ,' Counci~retary