Richfield Approves Development of Affordable Housing Amid Mixed-Use Concerns

Overview: The Richfield Housing and Redevelopment Authority (HRA) convened on June 16, 2025, to discuss topics, including the approval of an affordable housing project on Penn Avenue and changes to the Deferred Loan Program. Two resolutions were passed: the sale of HRA-owned property for affordable housing development and modifications to the homeowner loan repayment terms.

St. Paul Authority Discusses Refinancing Parking Bonds to Ease Post-Pandemic Strains

Overview: The St. Paul Housing & Redevelopment Authority recently convened to discuss several issues, with the most significant being a proposal to refinance pledge parking bonds. This move is aimed at addressing financial challenges that have emerged in the wake of the pandemic, impacting the net operating income from the city’s parking facilities. Other notable agenda items included a parking license agreement with the State of Minnesota and a request for host approval for conduit revenue bonds to benefit a local nonprofit organization.

Revere Affordable Housing Trust Fund Expands Down Payment Assistance to Boost Homeownership

Overview: In an effort to address housing affordability in Revere, the Affordable Housing Trust Fund Board approved an expansion of its down payment assistance program to include individuals earning up to 100% of the Area Median Income (AMI). The decision, made during the board’s recent meeting, aims to bridge the gap between the city’s median income and the income required to purchase a home, particularly benefiting blue-collar workers who previously fell outside the program’s eligibility.

Yarmouth Committee Eyes New Mixed-Use Development on Route 28

Overview: The Yarmouth Community Housing Committee’s recent meeting focused on discussions surrounding a potential mixed-use development project on Route 28 and the Habitat for Humanity neighborhood project. The committee also addressed updates on community preservation efforts and engaged in plansning for upcoming projects and public outreach initiatives.

St. Paul Housing Authority Discusses $4 Million Reservation for Affordable Housing Project

Overview: During a recent meeting of the St. Paul Housing & Redevelopment Authority, attention was devoted to discussing various projects seeking funding reservations from the Minnesota Housing Finance Agency. One focus was on the Hams Easton Apartments, a project with a $4 million reservation aimed at constructing 110 affordable units. The Hams Easton Apartments are slated to be developed by JB Vang, with a proposed city-owned land purchase price of $300,000. This project, along with others, is part of a larger initiative involving six developments seeking state funding through an annual request for proposals process. Applications are due by July 10, with decisions anticipated later in the year.