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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 8.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session May 1, 2023 Brent O’Neil, Economic Development Director <br />Item Description Reviewed by <br />Duffy Development Proposal Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />This item is presented for information and discussion purposes. <br /> <br />Background/Discussion <br />Duffy Development, a developer of multifamily housing projects including The Depot and Coachman Ridge <br />Apartments in Elk River, has secured additional property in Elk River. <br /> <br />The property is located adjacent to Coachman Ridge and the North Star transit station. Duffy would like to <br />develop the property for affordable senior housing and is drafting a concept plan of 45 to 55 units. <br /> <br />The developer plans to apply for state grant programs to help fund the project. The state program application <br />deadline is in July. Duffy will be in attendance to introduce the project and discuss ways the city and HRA could <br />support the project and application, including financial participation. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />The goal of the HRA is to promote certain housing and redevelopment projects. <br /> <br />Attachments <br /> Letter from Duffy Development <br /> Site Information <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br />Updated: January 2023 <br /> <br />