Title
RESOLUTION OF SUPPORT FOR THE REQUEST BY ONE ROOF COMMUNITY HOUSING TO THE STATE OF MINNESOTA FOR QUALIFYING MULTIFAMILY FUNDING AND A CONDITIONAL PRE-COMMITMENT OF $400,000 FISCAL YEAR 2027 FUNDING ALLOCATION TO THE CITY OF DULUTH FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE CONSTRUCTION OF THE DECKER 2 PROJECT.
Body
CITY PROPOSAL:
RESOLVED, that the city council hereby expresses its support for One Roof Community Housing's ("One Roof") request to Minnesota Housing Finance Agency ("MHFA") for the allocation of low-income housing tax credits and/or other funding provided by MHFA to construct Decker 2, a 45-unit affordable multifamily apartment building (the "Project").
FURTHER RESOLVED, that the proper city officials hereby approve a pre-commitment of fiscal year 2027 funds to be received by the city as allocated by the U.S. Department of Housing and Urban Development ("HUD") for construction of the Project; the award of $400,000 is subject to the receipt thereof from HUD, the developer One Roof securing the necessary funding from MHFA and other funding sources and to the approval of a development agreement between the city and developer thereof.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution expresses the city council's support of an application to be submitted to MHFA by One Roof, for low-income housing tax credits and other Multifamily Consolidated Request for Proposal funding that may be awarded by MHFA for the construction of the Decker 2 project. The deadline for submission of the application to MHFA is July 9, 2026. MHFA intends to finalize funding decisions in December 2026. Additionally, this resolution provides for a pre-commitment of a portion of the City's Fiscal Year 2027 HUD allocation for the construction of the Decker 2 project. The Community Development Committee considered the request by One Roof Community Housing for pre-commitment funds at their April 21, 2026 meeting. The Committee voted to recommend...
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