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Eden Prairie updates housing strategic plan, allocates $336,000 in LAHA funds and proposes TIF use for St. John’s Woods rehab
Summary
Council approved an update to the community development strategic plan that directs Local Affordable Housing Aid (LAHA) funds toward first-time homebuyer, rehab and rental-assistance programs and proposes pooled TIF dollars to fund a large townhome siding project at St. John's Woods.
The Eden Prairie City Council on Jan. 7 approved an update to the city’s 2023–2027 community development strategic plan and endorsed a one-year spending plan for Local Affordable Housing Aid (LAHA) funds.
"Eden Prairie will receive allocations twice a year and in 2024, we received approximately $336,000 in LAHA funds," Community Development Director Julie Klima said. Staff proposed distributing the 2024 allocation roughly as follows: $100,000 for the traditional first-time homebuyer program, $90,000 for housing…
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