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HomeMy WebLinkAbout2025-087 MHFA LHTF GrantRESOLUTION NO. 2025-087 A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF COLUMBIA HEIGHTS, MINNESOTA, ACCEPTING A 2025 LOCAL HOUSING TRUST FUND GRANTS PROGRAM GRANT FROM MINNESOTA HOUSING The Minnesota Housing (the "MHFA") 2025 Local Housing Trust Fund Grants Program (the "Program") is a one- time grant program established to incentivize local governments to create or fund Local Housing Trust Funds, by means of using state funding to match local funds and thereby encourage local investment in affordable housing across Minnesota; and The Columbia Heights Economic Development Authority (the "EDA") acts on behalf of the City of Columbia Heights (the "City") to promote community, economic, and housing development and opportunity; and The City established a Local Housing Trust Fund on May 28, 2024, and designated the EDA as the administrator of said fund; and In March 2025, the City submitted an application to the Program for grant funds, including supporting documentation in the form of EDA Resolution 2025-07 which approved the necessary matching monetary commitment from local sources; and On September 9, 2025, the MHFA informed the City that its application was one of 37 selected for approval, following a competitive review process of 54 applications requesting a total of more than $9.6 million in grant funds; and The City will therefore receive $75,000 of Program funds to support affordable housing in Columbia Heights; and The Columbia Heights City Council (the "Council") recognizes and affirms the value of partnering with entities such as the MHFA to promote housing opportunities and an equitable, diverse, inclusive, and friendly community; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Columbia Heights, to accept a 2025 Local Housing Trust Fund Grants Program grant from Minnesota Housing, and to authorize the officers, employees, and other agents of the EDA to enter into a grant agreement and to perform all acts required of them by or in connection with this resolution and the acceptance of Program grant proceeds. Passed this 24t" day of November, 2025 Offered by: Buesgens Seconded by: Spriggs Roll Call: All Ayes Attest: Nam. Sara Ion, City Clerk/Council Secretary Resolution 2025-087 ORDER OF COUNCIL !� a/10 4ASda M6Kq6ez Sim 011 Mayor