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Local Housing Trust Funds in Minnesota <br />Local Housing Trust Funds Established in Minnesota <br />Date Adopted Funding Source(s) Use(s) <br />Alexandria 2019 • TIF Pooling <br />• HRA Levy <br />• Housing Related Funds <br />• Homebuyer Assistance <br />• Preservation <br />Bloomington 2019 • TIF Pooling <br />• One-time Funds <br />• Donations <br />• Housing Related Funds <br />• Housing Stability <br />• Preservation <br />• Gap Financing <br />• Revolving Loan Fund <br />Duluth 2022 • HRA Levy <br />• Housing Related funds <br />• Preservation <br />• Gap Financing <br />Eden Prairie 2022 • Still Determining • Still Determining <br />Edina 2019 • TIF Pooling <br />• Housing Related Funds <br />• 4d Program Costs <br />• Preservation <br />• Gap Financing <br />Minneapolis 2003 • TIF Pooling <br />• One-time Funds <br />• Federal and State Formula Funds <br />• Gap Financing <br />• Preservation <br />Minnetonka 2022 • TIF Pooling • Housing Stability <br />• Gap Financing <br />Northfield 2022 • Housing Related Funds • Homebuyer Assistance <br />Red Wing 2015 • HRA Levy <br />• TIF Pooling <br />• Homebuyer Assistance <br />• Gap Financing <br />• Preservation <br />Richfield 2020 • Federal and State Formula Funds <br />• EDA Levy <br />• Housing Related Funds <br />• Homebuyer Assistance <br />• Housing Stability <br />Rochester 2018 • One-time Funds <br />• Donations <br />• Deepen Affordability <br />St. Louis Park 2018 • TIF Pooling <br />• HRA Levy <br />• Homebuyer Assistance <br />• Preservation <br />• Gap Financing <br />• Deepen Affordability <br />St. Paul 2019 • One-time Funds <br />• Parking revenues <br />• Homebuyer Assistance <br />• Housing Stability <br />• Gap Financing <br />• 4d Program Costs <br />Chisago County 2021 • Housing Related Funds • Affordable Housing <br />Crow Wing County 2019 • HRA Levy • Gap Financing <br />• Hombuyer Assistance <br />• Preservation <br />Goodhue County 2018 • HRA Levy • Homebuyer Assistance <br />• Housing Stability <br />• Gap Financing <br />Hennepin County 2000 • HRA Levy • Gap Financing <br />• Preservation <br />Lake County 2022 • HRA Levy <br />• Housing Related Funds <br />• Still Determining <br />Otter Tail County 2021 • HRA Levy • Still Determining <br />Swift County 2020 • HRA Levy <br />• Chippewa Valley Ethanol Company Shares <br />• Preservation <br />• Gap Financing <br />Common Funding Sources <br />• HRA levy <br />• TIF pooling <br />• Housing related funds (includes land sale proceeds, in lieu of fees, etc) <br />• Federal and State Formula Funds (CDBG, HOME, ARPA, etc) <br />• One-time Funds (intial funding, annual aprorations, etc) <br />• Donations (individual and organizational) <br />Common Uses <br />• Homebuyer Assistance <br />• Preservation (single family rehab, multi-family rehab, NOAH preservation) <br />• Gap financing (new construction, redevelopment) <br />• Creating deeper affordability <br />• Housing Stability (emergency housing assistance)