Hennepin County Housing and Redevelopment Authority, May 12, 2026
Approves 2026 Homeownership Assistance Fund Funding Recommendations, unanimous
What happened
Hennepin County HRA approved $19.2 million in affordable housing awards across multiple programs to create or preserve over 1,400 units. Key actions included authorizing sale of three surplus properties at Penn and Lowry intersection in Minneapolis to VY Enterprise LLC and John E…
- Jurisdiction
- Hennepin County, MN
- Governing body
- Final authority
- Date
- May 12, 2026
- Decisions
- 6 zoning decisions
- Outcome
- Approved, unanimous
Free sample: decision 1 of 6
2026 Homeownership Assistance Fund Funding Recommendations
Approved five agreements totaling $1.5 million NTE and transfer of $300,000 in budget authority from Capital Project 1006757. Awards support 50 affordable homeownership opportunities for households at or below 80% AMI, with down payment assistance prioritized for first-generation homebuyers.
- Down payment assistance prioritized to first-generation homebuyers
The other decisions are listed below by title. The full write-up, verbatim conditions, and the audio at each vote are in Pro.
Meeting Summary
Hennepin County HRA approved $19.2 million in affordable housing awards across multiple programs to create or preserve over 1,400 units. Key actions included authorizing sale of three surplus properties at Penn and Lowry intersection in Minneapolis to VY Enterprise LLC and John E…
Key Decisions (6)
2026 Homeownership Assistance Fund Funding Recommendations
Transfer and Sale of Surplus Properties at Penn and Lowry Intersection
Preliminary Approval for Willow Woods Tax-Exempt Bonds
2026 Supportive Housing Capital Program Funding Recommendations
2026 LAHA Funding Recommendations
2026 AHIF Funding Recommendations
Development Activity (3)
Penn and Lowry Affordable Housing Development - Northwest Corner
Mixed-Use
Penn and Lowry Affordable Housing Development - Northeast Corner
Mixed-Use
Willow Woods Preservation
Residential
Market Signals (5)
Housing Demand
HRA received requests for more than twice available funding, indicating…
Housing Demand
Increase in preservation funding requests suggests developers prioritizing maintaining existing…
Housing Demand
Rising costs in homeownership development are forcing prioritization of proposals…
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