HRSR INFORMATION 10-04-2004 - Laserfiche WebLink

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LEONARD STREET AND Powers and Duties of HRAs DEINARD • Section 469.012, subd. 1(7) contains a definition of "substandard"O o what constitutes substandard buildings or improvements. D. Acquisition of Assisted Housing. Section 469.012, subd. 1(30), allows an HRA to acquire and sell real property that is benefited by federal housing assistance payments, other rental subsidies, o r interest r eduction p ayments o r c ontracts for the purpose o f p reserving the affordability of low and moderate income multifamily housing within the HRA's area of operation. E. Rehabilitation Loan and Grant P rogram. Section 469.012, subd. 6, allows an HRA to undertake a program to provide housing rehabilitation loans and grants for property within the HRA's area of operation which is owned by persons of low and moderate income. An HRA is authorized under Section 469.012, subd. 1(8), to establish the level of income constituting low or moderate family income. F. Parking Facilities. Section 469.012, subd. 12, allows an HRA to operate and maintain public parking facilities in connection with any of its projects. G. Commercial Rehabilitation Loan Program. Cities have the authority to establish and undertake programs for municipal commercial rehabilitation loans for small and medium size buildings. Such programs are intended to provide lower than market rate interest to finance • rehabilitation of commercial buildings. If a city establishes such a program, it may also by ordinance, designate its HRA to exercise any and all powers available to the City on behalf of the City. H. Acquisition and Sale of Property. HRAs are authorized to acquire real or personal property which the HRA determines is necessary to carry out a project or to eliminate one of the conditions found to exist in the resolution adopted creating the HRA. The power of eminent domain may be used to acquire must contain buildings and improvements which are vacated and substandard. Property acquired may be sold only after considering the sale at a public hearing, notice of which has been published at least once not less than ten or more than thirty days before the hearing. I f the property is located in a redevelopment project, the H RA must restrict the ability of the purchaser to transfer the property until improvements required to be constructed in accordance with the redevelopment plan have been completed. II. WHERE CAN THEY DO IT? A. In their Area of Operation. HRAs may act within their area of operation. 1. Area of Operation is defined under Minnesota Statutes, Section 469.002, Subd. 8 as the area within the territorial boundaries of the City, County or group of counties, in the case of a city HRA, county HRA or multi-county HRA, respectively. S 2519777v1 3