HomeMy WebLinkAboutResolution No. 065-25 - Resolution - Minnesota Housing Local Housing Trust Fund Grants Program
RESOLUTION
Adopting a Resolution authorizing the City's support and sponsorship of an application to
Minnesota Housing's Local Housing Trust Fund Grant Application to support the Coalition
for Rochester Area Housing's Local Housing Trust Fund to continue to leverage combined
funding and policy tools to advance the creation and preservation of affordable and
workforce priced housing in the Rochester area.
WHEREAS, The Coalition for Rochester Area Housing (“The Coalition”) is a cross-sector
community partnership of Rochester Area Foundation, the City of Rochester, Mayo Clinic,
Olmsted County, and Destination Medical Center established to create and preserve
affordable housing through collective impact; and
WHEREAS, The Coalition effectively administers our region's Local Housing Trust Fund, as
defined by Minnesota Statute 462C.16; and
WHEREAS, Minnesota Housing has provided a Local Housing Trust Fund Grants Program
as a means to provide matching funding opportunity to existing Local Housing Trust Fund
Grants Programs.; and
WHEREAS, The City, in partnership with the Coalition, is applying for the Local Housing
Trust Fund Grants Program; and
WHEREAS, Minnesota Housing’s Local Housing Trust Fund Program, authorized under
Minnesota 2023 Session Law, Chapter 37, Article 1, Section 2, Subd. 21, provides grants
to local housing trust funds to incentivize local funding with the purpose of making grants,
loans and loan guarantees for the development, rehabilitation, or financing of housing;
matching other funds from federal, state or private resources for housing projects; or
providing downpayment assistance, rental assistance and homebuyer counseling services.
All uses of grant funding must benefit households with incomes at or below 115% State
Median Income (SMI); and
WHEREAS, if awarded, this funding will be utilized to support continued housing affordability
through funding opportunities for the development, rehabilitation, or financing of housing as
well as providing downpayment assistance, rental assistance and homebuyer counseling
services.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester,
MN that the City adopt a Resolution authorizing the City's support and sponsorship of an
application to Minnesota Housing's Local Housing Trust Fund Grant Application to support
the Coalition for Rochester Area Housing's Local Housing Trust Fund to continue to leverage
combined funding and policy tools to advance the creation and preservation of affordable
and workforce priced housing in the Rochester area.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2025.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2025.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)