Hennepin County Housing and Redevelopment Authority - 2026-05-12
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
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
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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