My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
HRA Packet 10-07-2024
ElkRiver
>
City Government
>
Boards and Commissions
>
Housing & Redevelopment Authority
>
HRA Packets
>
2020-2029
>
2024
>
10-07-2024
>
HRA Packet 10-07-2024
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/7/2024 9:59:16 AM
Creation date
10/7/2024 9:59:01 AM
Metadata
Fields
Template:
City Government
type
HRSR
date
10/7/2024
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
43
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
1 <br />Local and Statewide Affordable Housing Aid Frequently <br />Asked Questions <br />In 2023, the Minnesota Legislature authorized aid payments to counties, cities and Tribal Nations and <br />in 2024 the legislature adopted changes to the aid programs. The goal is to fund affordable housing <br />projects and help organizations provide affordable and supportive housing. <br />Local Affordable Housing Aid (LAHA) is aid to metropolitan local governments of seven counties and 63 <br />cities. LAHA is funded through a new dedicated sales tax in the seven-county metropolitan area. As <br />sales taxes will vary, the amount of LAHA distributed will also vary. <br />Statewide Affordable Housing Aid (SAHA) is funded by state funds appropriated to the Department of <br />Revenue. All Minnesota counties, Tribal Nations and 37 cities will be eligible to receive this aid. <br />Aid payments are made directly to local governments. In the metro, aid is funded by the sales tax for <br />housing. Statewide, aid is funded by state appropriations. <br />Throughout the document, “housing aid” is used when the response applies to both LAHA and SAHA. <br />The information provided in this document does not constitute legal advice and is sub ject to change. If <br />there are questions regarding how program requirements or criteria apply in specific circumstances, <br />please consult with your own legal counsel. <br />Overview and Requirements <br />Why is there a difference between SAHA and LAHA? <br />The primary differences between LAHA and SAHA are the way they are funded, when funding will be <br />disbursed and to whom. <br />Both aid projects have the same eligible uses and requirements except for market rate housing. This is <br />only available in certain non-metropolitan areas using SAHA. <br />What are the eligible uses of housing aid programs? <br />Qualifying projects for aids payable in 2023 are: <br />June 14, 2024 <br />Page 35 of 43
The URL can be used to link to this page
Your browser does not support the video tag.