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EDA approves funding and support for Habitat land purchase, limits homes to 80% AMI under 99-year affordability lease
Summary
The Roseville Economic Development Authority approved an acquisition funding agreement and a resolution supporting a Met Council grant application so Twin Cities Habitat for Humanity can buy vacant land from Covenant Church to build three land-trust homes with an 80% AMI cap and 99-year leases.
The Roseville Economic Development Authority on May 11 approved an acquisition funding agreement and a resolution of support to help Twin Cities Habitat for Humanity acquire vacant land behind Covenant Church for three land-trust homes. Jeanne Kelsey, the city’s housing and economic development program director, told the board the purchase and associated declaration will limit any home built on the site to households at 80% or less of area median income until the homes are sold and then place the units into a 99‑year long-term lease to preserve affordability.
Board members asked how the lease functions on resale; staff clarified the 99‑year affordability requirement applies across ownership changes. Member Graf moved to approve the agreement, the declaration and the resolution of support; member Strahan seconded and the motion passed unanimously.
The resolution authorizes staff to support Habitat’s application to the Metropolitan Council for livable communities grant funds to close financing gaps for the project. Staff signaled they expect the agreement and declaration to be among the last steps before the project moves into development.
The board’s approval did not specify implementation dates or detailed funding amounts beyond what’s in the staff packet; those details will be carried forward as the project advances.
