HomeMy WebLinkAboutEDA Resolution No. 2026-09RESO[UTtON NO.2026_09
A RESOLUTIoN oF THE ECONOMIC DEVELOPMENT AUTHORITY oF co[uM8tA HE|6HTS, MTNNESOTA,APPROVING THE AMENDED PRoGRAM GUIDELINES, DATED 0212;12026, FoR THE coLUMBtA HEIGHTs
NATURATTY OCCURRING AFFORDABTE HOUSING (NOAH) TOAN PROGRAM.
WHEREAS, in 2024, the City of Columbia Heights established a Local Housing Trust Fund supported by Stateallocated Local Affordable Housing Aid (LAHA) funds, and designated the Economic Development Authority
(EDA) as the administrator of this Fund to support affordable housing initiatives within the City; and
WHEREAS, in 2025, the EDA approved the creation of the Naturally occurring Affordable Housing (NOAH)
Loan Program (the "Program"); and
WHEREAS, the Program officially launched on January !,2026; and
WHEREAS, in response to feedback received from applicants and from the Minnesota Center for Energy and
Environment (CEE), the EDA's program partner, the EDA wishes to revise the Program Guidelines to provide
additional options for the types of documentation used for household income verification.
NOW, THERETORE BE lT RESOLVED that, after appropriate examination and due consideration, the
Authority hereby:
1. Approves the form and substance of the amended Program Guidelines, dated 02/26/2026, for the
Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program; and
2. Authorizes the officers, em ployees, and other agents of the Authority to take all actions necessaryto
perform the Authority's obligations under the amended Program Guidelines, including, without
limitation, all acts and things required of them by or in connection with this resolution, for the full,
punctual, and complete performance of allthe terms, covenants, and agreements contained herein.
ORDER OF ECONOMIC DEVETOPMENT AUTHORITY
Adopted this 2nd day of M arch, 2026
Offered by:
Seconded by:
Roll Call:
Presi t
Attes
Resolution 2026-09