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St. Paul HRA adopts four resolutions on loan forgiveness, legal services, homebuyer income limits and emergency rental-assistance guidelines
Summary
The St. Paul Housing and Redevelopment Authority voted to forgive part of loans for the Commerce Building project, approve a master legal services contract, raise owner-occupied duplex buyer income limits for one program and adopt Emergency Rental Assistance eviction-prevention guidelines.
The St. Paul Housing and Redevelopment Authority adopted four resolutions during its meeting, approving partial loan forgiveness for the Commerce Building projects, authorizing a master legal services agreement, raising an income limit for owner-occupied duplex buyers in the Inspiring Communities program and finalizing guidelines for an Emergency Rental Assistance Eviction Prevention Program.
The most consequential financial action approved was resolution 205431, which authorizes partial loan forgiveness of up to $1,255,384 — covering combined principal and interest — on three HRA loans to the Commerce Building Phase 1 and Commerce Building Phase 2 projects at 10 Fourth Street East in Ward 2. Director Newton told commissioners the item had received a presentation at the HRA’s previous meeting and staff recommended approval. Commissioner Naker…
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