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Council approves framework to split Local Affordable Housing Aid between homeownership and preservation
Summary
Bloomington council approved a proposal to split Local Affordable Housing Aid (LAHA) roughly 50/50 between affordable homeownership programs and housing development/preservation, and authorized entering a mutual agreement with the HRA to administer funds.
The Bloomington City Council on March 17 approved a resolution directing how the city will use Local Affordable Housing Aid (LAHA) received under the Metropolitan Area sales tax established by the Minnesota Legislature in 2023.
Housing staff (Mister Niemeyer) proposed a framework that splits LAHA roughly 50% for affordable homeownership programs and 50% for affordable housing development and preservation. Niemeyer said Bloomington received a little over $500,000 in LAHA in 2024 and now expects roughly…
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