09-13-2021 Council Packet - Laserfiche WebLink

Home Search

CITY COUNCIL AGENDA ITEM 6C STAFF ORIGINATOR: Michael Grochala MEETING DATE: September 13, 2021 TOPIC: Consider Resolution No. 21-98 Approving Participation in the Local Housing Incentives Account Program under the Metropolitan Livable Communities Act VOTE REQUIRED: 3/5 INTRODUCTION Staff is requesting City Council consideration to participate in the Livable Communities Act Local Housing Incentives Account Program. BACKGROUND The Livable Communities Act (LCA) was adopted by the Minnesota Legislature in 1995. The Metropolitan Council administers the Livable Communities program. The LCA provides funding for communities to invest in local economic revitalization, work force housing initiatives, and development or redevelopment that connects different land uses and transportation. The program is a voluntary, incentive-based approach to help communities grow and redevelop, and to address the region’s affordable and lifecycle housing needs. The City has participated in this program since 1996 and has benefited from four grants totaling $1,645,000 in funding for past projects. Reenrollment is now necessary for participation in the program from 2021 through 2030. Participation has three primary requirements: 1. Establish a Housing Action Plan 2. Spend an affordable and life-cycle housing opportunity amount (ALHOA) 3. Adopt Affordable and life-cycle housing goals Additionally, the community must adopt its 2040 Comprehensive Plan Update to participate. The Metropolitan Council authorized the City to put the plan into effect in October of 2020. The plan was accepted by the Metropolitan Council in November of 2020. Housing Action Plan The City’s housing element of the 2040 Plan serves as the Housing Action Plan for purposes of the LCA participation. Spend ALOHA Amount The City’s ALHOA for 2021 is $75,979. This is the amount of your City budget that must be spent on affordable or life-cycle housing opportunities to participate in the LCA programs. At