HomeMy WebLinkAboutResolution 89-25 RESOLUTION NO. 89-25
RESOLUTION AUTHORIZING APPLICATION FOR
MHFA DEFERRED LOAN PROGRAM FUNDS
WHEREAS, the Minnesota Housing Finance Agency, State of Minnesota, has
been authorized to undertake a program to provide loans to property owners for
the purpose of housing rehabilitation; and
WHEREAS, the Housing and Redevelopment Authority of Columbia Heights,
Minnesota has developed an application as an Administering Entity for the
Minnesota Housing Finance Agency Deferred Loan Program; and
WHEREAS, the Housing and Redevelopment Authority of Columbia Heights,
Minnesota has demonstrated the ability to perform the required activities of
the Minnesota Housing Finance Agency Deferred Loan Program;
NOW, THEREFORE, be it resolved, that the Housing and Redevelopment
Authority of Columbia Heights, Minnesota is hereby authorized to make
application to the Minnesota Housing Finance Agency for a grant of funds
pursuant to the Deferred Loan Program;
Be it further resolved, that the Housing and Redevelopment Authority of
Columbia Heights, Minnesota is hereby authorized as an entity to be charged
with the administration of funds made available through the Minnesota Housing
Finance Agency Deferred Loan Program, in the city of Columbia Heights.
Passed this 26th day of June, 1989
Offered by: Carlson
Seconded by:
Pau]son
Roll Call~
AIl ayes
Date V. Hadrath, Mayor
A~ne Stud-ent, Council Secretary