HomeMy WebLinkAbout24-119 Resolution Approving the Dakota County Community Development Agency to Administer City Local Affordable Housing Aid Funds CITY OF LAKEVILLE
DAKOTA COUNTY,MINNESOTA
RESOLUTION NO. 24-�
RESOLUTION APPROVING THE DAKOTA COUNTY COMMUNITY DEVELOPMENT
AGENGY TO ADMINISTER CITY LOCAL AFFORDABLE HOUSING AID FUNDS
WHEREAS, The City of Lakeville is a recipient of newly created sales tax-funded Local
Affordable Housing Aid(LAHA) dollars from the State of Minnesota;and
WHEREAS,the purpose of LAHA is to develop and preserve affordable housing and help
persons experiencing homelessness find housing;and
WHEREAS, the City's first annual allocation of LAHA funds was received in 2024 with a
total of$229,464.59;and
WHEREAS, the City has three years to commit the 2024 funding (no later than
December 31,2027) and must spend the funds by December 31,2028: and
WHEREAS, if the City's LAHA funds are not committed or spent in the required
timeframe, funds will be returned to the Minnesota Housing Finance Agenry for statewide
housing needs,and
WHEREAS, the CDA has formally requested to partner with the City (and other Dakota
County communities) on the administration of the LAHA funds for two CDA programs: 1) the
Home Improvement Loan Program, and 2) the Radon Mitigation Grant Program (together "the
programs");and
WHEREAS, the CDA has requested a formal response from the City by December 2,
2024, on whether the City agrees to partner with the CDA on the administration of the City's
LAHA funds and the allocation of those funds on the Programs.
NOW, THEREFORE, BE IT RESOLVED that the City of Lakeville hereby approves the
following:
1. The Dakota County CDA is designed as the entity to carry out certain administrative
duties related to the Local Affordable Housing Aid (LAHA) program on behalf of the
City of Lakeville, subject to a future joint powers agreement to be executed between
the two parties.
2. The City wishes to allocate its LAHA funds to two CDA programs in the amounts
listed below:
a. Home Improvement Loan program, $137,678.75 (60% of tota12024 funds)
b. Radon Mitigation Grant Program, $91,785.84 (40%of tota12024 funds)
ADOPTED by the Lakeville City Council this 18�'day of November 2024.
CITY OF LAKEVILLE
BY:
Jo ua Lee,Act' g Mayor
ATTEST:
BY:
Ann Orlofsky,City Clerk