Resolution No. 2024-106, Approving Receipt of Local Affordable Housing Aid and Transfer to Fridley Housing and Redevelopment Authority (HRA)
Resolution No. 2024-106
Approving Receipt of Local Affordable Housing Aid and Transfer to Fridley Housing and
Redevelopment Authority (HRA)
Whereas, as part of the 2023 housing finance and policy omnibus bill, now Chapter 37 in 2023
Session Law, a new housing program was created to provide direct funding to eligible cities for
affordable housing production and preservation, known as Local Affordable Housing Aid; and
Whereas, the aid payable to cities and counties in 2024, is funded by a new 0.25% metropolitan
area sales tax, that went into effect on October 1, 2023, imposed by the Metropolitan Council on
retail sales made in the metropolitan counties or to a destination in the metropolitan counties;
and
Whereas, the City of Fridley received their first receipt of the new Local Affordable Housing Aid
of $81,758.37; and
Whereas, the Department of Revenue will distribute funds in two equal installments in the year
aid is calculated on with the first half paid in July and the second half paid in December; and
Whereas, the Fridley Housing & Redevelopment Authority (HRA) is responsible for the City’s
housing programs; and
Whereas, any aid received should be transferred from the City of Fridley to the Fridley HRA to
carry out the eligible programs.
Therefore, be it resolved, that the City Council of the City of Fridley hereby approves the receipt
of the Local Affordable Housing Aid and current and future transfers to the Fridley HRA.
th
Passed and adopted by the City Council of the City of Fridley this 12 day of August, 2024.
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Scott J. Lund – Mayor
Attest:
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Melissa Moore – City Clerk