08-09-2023 Council Packet - Laserfiche WebLink

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TO: Mayor Fischer and Members of the City Council FROM: Corrin Wendell, Community Development Director Chris Heineman, City Administrator DATE: August 9, 2023 RE: Metropolitan Council – Livable Communities Act (LCA) Development Grant Application – Resolution of Support STAFF REPORT ACTION TO BE CONSIDERED The City Council is asked to consider approval of a Resolution of Support to submit a Livable Communities Act (LCA) Development grant application to the Metropolitan Council. BACKGROUND The Metropolitan Council administers the Livable Communities Act (LCA) grant program that provides funding to developers, cities, counties, and housing authorities for various development-related initiatives. The LCA Development program ($2M in funding) is currently accepting grant applications for early-stage development initiatives such as design workshops, financial studies, project impact analyses, and community engagement, among many other eligible activities. Reuter Walton Development, LLC has developed a preliminary proposal to develop a multi- family housing project at the intersection of Rice Street and Demont. In order to facilitate the financing for the project, Reuter Walton is requesting support from the City of Little Canada through the submittal of a grant application to the Metropolitan Council. The City of Little Canada recognizes that multifamily rental housing plays an important role within the community. As such, the City is committed to the maintenance and development of affordable housing opportunities for residents of Little Canada. The City also encourages the development and maintenance of housing designed for occupancy by low and moderate- income households; and encourages the redevelopment of blighted or underutilized land and structures within the boundaries of the City. The proposed project at Rice and Demont will assist the City in achieving these objectives.