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ECONOMIC DEVELOPMENT ADVISORY COMMITTEE <br />AGENDA ITEM 3A <br /> <br /> <br />STAFF ORIGINATOR: Mike Grochala, Community Development Director <br />EDAC MEETING DATE: October 11, 2023 <br />TOPIC: Local Affordable Housing Aid (LAHA) <br /> <br /> <br />BACKGROUND <br /> The Local Affordable Housing Aid was created by the 2023 Legislature. The first year it will be <br />paid is 2024. The purpose of the aid is to help metropolitan local governments develop and <br />preserve affordable housing within their jurisdictions. The annual appropriation comes from a <br />sales and use tax imposed within Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and <br />Washington Counties. Cities with a population of over 10,000 within these counties are eligible <br />to receive aid. <br /> <br />Representatives from Ehlers and Associates will present and overview of the program and some <br />possible considerations for implementation. A memo, dated October 6, 2023, is attached for <br />your review. Based on feedback from the EDAC staff will begin developing options for <br />consideration. <br /> <br />The EDAC has previously discussed establishing a revolving loan program for affordable <br />housing maintenance activities. Staff has temporarily suspended moving forward with that <br />program until a determination is made on the Local Affordable Housing Aid. <br /> <br />EDAC CONSIDERATION <br /> <br />Discussion only. The Committee will have an opportunity to discuss potential opportunities and <br />comment on potential program options. <br /> <br />ATTACHMENTS <br /> <br />1. Ehlers Memo <br />