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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