HomeMy WebLinkAboutIV.A.1 - Resolution - Approving The Dakota County Community Development Agency to Administer City Local Affordable Housing Aid FundsCITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2024-14
A RESOLUTION OF THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
(HEDRA) APPROVING THE DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY TO ADMINISTER
CITY LOCAL AFFORDABLE HOUSING AID FUNDS
WHEREAS, the City of Hastings is a recipient of newly created sales taxed-funded Local
Affordable Housing Aid (LAHA) dollars from the State of Minnesota; and
WHEREAS, the purpose of LAHA is to develop and preserve affordable housing and help persons
experience homelessness find housing; and
WHEREAS, the City’s first annual allocation of LAHA funds were received in 2024; and
WHEREAS, the City has three years to commit the funding (no later than December 31 of the
third year) and must spend the funds by December 31st of the fourth year; and
WHEREAS, if the City’s LAHA funds are not committed or spent the in the required timeframe,
funds will be returned to Minnesota Housing Finance Agency for statewide housing needs; and
WHEREAS, the Dakota County Community Development Agency (CDA) is the housing and
economic development authority for the County that has well established, successful housing programs
that are LAHA eligible; and
WHEREAS, the CDA has formally requested to partner with the City (and other Dakota County
communities) on the administration of LAHA funds for two CDA programs: 1) the Home Improvement
Loan Program, and 2) the Radon Mitigation Grant Program (together “the Programs”); and
WHEREAS, the CDA has requested a formal response from the City by December 2, 2024, on
whether the City agrees to partner with the CDA on the administration of the City’s LAHA funds and the
allocation of those funds on the Programs.
NOW THEREFORE BE IT RESOLVED by HEDRA hereby approves the following:
1. The Dakota County CDA is designated as the entity to carry out certain administrative duties
related to the local Affordable Housing Aid (LAHA) program on behalf of the City of Hastings,
subject to a future joint power agreement to be executed between the two parties
2. The City wishes to commit its LAHA funds for an initial period of three years, ending December
31, 2027
3. The City wishes to allocate its LAHA funds to two CDA programs in the percentages listed below:
i. Home Improvement Loan Program, _____%
ii. Radon Mitigation Grant Program, _____%
4. HEDRA is authorized to execute the joint powers agreement related to partnership with the
Dakota County CDA
ADOPTED BY THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
THIS 10th DAY OF OCTOBER 2024.
AYES:
NAYS:
ABSENT:
_____________________________________
Trevor Johnson, President
_____________________________
Alex Menke, Secretary
This instrument drafted by:
City of Hastings
101 East 4th Street
Hastings, MN 55033