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<br /> <br />Housing and Redevelopment Authority Minutes <br />February 3, 2025 <br />--------- <br />Page 3 of 4 <br />Mr. O'Neil explained they have been discussing the State Affordable Housing Aid funds from 2023 and <br />are trying to work through the best ideas for use of the funds. He explained that Commissioner <br />Beaudry has reached out to the local Faith In Action group to find out what partnership opportunities <br />they have available. Mr. O'Neil stated that more than likely we will talk more about recommendations <br />next month. <br /> <br />Commissioner Dietz asked how much money they had received from the state. Mr. O'Neil stated <br />$190,000. Commissioner Dietz asked if that was money they were going to get more of each year. Mr. <br />O'Neil stated yes, about $42,000 per year now, which is a perpetuity amount. <br /> <br />Commissioner Dietz asked if there were certain rules it could be spent on. Mr. O'Neil stated yes there <br />can be and explained there has to be an affordability review based on the entity or the person's <br />income. <br /> <br />Mr. O'Neil updated the board regarding the downtown plan, stating that they are participating with the <br />Planning Department on the plan. He explained they are within a month or so of being in a good place. <br />They are looking at what the future of downtown will look like and stated that there will most likely be <br />redevelopment opportunities and that the board will take a lot from the plan where the next projects <br />will be. <br /> <br />Commissioner Dietz asked if they were going to do a deeper dive into the housing study prepared by <br />Sherburne County. Mr. O'Neil stated yes, March would be a good time to go over the study and they <br />plan on doing a staff summary and possibly invite Sherburne County staff. <br /> <br />Mr. O'Neil stated he does not have an update regarding 555 Railroad Drive. <br /> <br />Mr. Mollan shared they did a Development Minute video on the Medical on Main project that has been <br />published on the EDA YouTube and Facebook page. <br /> <br />Mr. Mollan stated if the entire HRA is in attendance, they will take a group photo at next month's <br />meeting. <br /> <br />8. MOTION TO ADJOURN REGULAR MEETING <br /> Moved by Commissioner Dietz and seconded by Commissioner Caswell to adjourn the <br />meeting. Motion Carried 4-0. <br /> <br />The meeting adjourned at 5:48 p.m. <br /> <br />Minutes prepared by Jolene Richter. <br /> <br />9. WORK SESSION <br /> <br />10. MOTION TO ADJOURN <br /> <br />