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' t; Offices in 470 U.S.Bank Plaza <br /> ° 200 South Sixth Street <br /> Vev '-^iltYlf Minneapolis Minneapolis MN 55402 <br /> Saint Paul (612)337-9300 telephone <br /> (612)337-9310 fax <br /> www.kennedy-graven.com <br /> . «� St.Cloud Y-Sm <br /> CHARTERED Affirmative Action Equal Opportunity Employer <br /> MEMORANDUM <br /> TO: Elk River HRA Chair and Commissioners <br /> FROM: Jenny Boulton <br /> DATE: January 27, 2016 <br /> RE: Housing and Redevelopment Authority Legislative Update <br /> The bylaws for the EDA require an annual update of legislative changes to the Municipal Housing <br /> and Redevelopment Act, Minnesota Statutes, Sections 469.001 to 469.047. Outlined below are <br /> legislative changes enacted in 2015 that are relevant to the EDA. <br /> • There were no legislative changes to the Housing and Redevelopment Authority Act. <br /> Other legislative changes impacting the HRA included the following: <br /> • Housing and redevelopment provisions in the omnibus bonding bill. First Special <br /> Session Chapter 5 (HF 2/SF 4) is the 2015 omnibus bonding bill. Article 1, Section 14, <br /> subd. 2 provides $10 million for housing infrastructure bonds through the Minnesota <br /> Housing Finance Agency. Effective July 1, 2015. <br /> • Housing and redevelopment provisions in the jobs and energy act. First Special Session <br /> Chapter 1 (HF 3/SF 2) is the omnibus jobs and energy act. Art. 1, sec. 3 appropriates <br /> approximately $54.3 million in fiscal year 2016 and $50.3 million in fiscal year 2017 to <br /> MHFA for its operations and grant programs. The legislation specifically provides for the <br /> following: <br /> o $14.9 million in fiscal year 2016 and $12.9 million in fiscal year 2017 for the <br /> Economic Development and Housing Challenge Program under Minnesota Statutes, <br /> Section 462A.33. More specifically,the legislation appropriates the funds as set forth <br /> below: <br /> • $2 million for the continuation of the housing and job growth initiative under <br /> Minnesota Statutes, Section 462A.33. Eligible communities and regions must <br /> have (i) low housing vacancy rates; (ii) cooperatively developed a plan that <br /> identifies current and future housing needs; (iii) evidence of anticipated job <br /> expansion; or(iv) a significant portion of area employees who commute more <br /> than 30 miles between their residence and their employment. When deciding <br /> which proposals to fund, preference must be given to proposals that: (i) <br /> 474371v1 JSB EL185-13 <br />