RES 20-36Of
�-_- City of Elk River
ver City Council
Resolution 20- 36
A Resolution of the City Council of the City of Elk River Supporting the Tax
Credit Application for Proposed Community Housing Development
Corporation Multiple Family Housing Project and Recognizing that the
Project Would Help Meet Identified Housing Needs
WHEREAS, the City of Elk River is a municipal corporation and political subdivision duly
organized and existing under the constitution and laws of the State of Minnesota; and
WHEREAS, the City of Elk River completed a housing study in 2018 and affordable
housing is identified as a community need; and
WHEREAS, Community Housing Development Corporation has submitted a conceptual
review application to construct 55 units of multiple -family rental housing (the "Project") at
the southeast corner of Twin Lakes Road and 175t' Ave NW (PID 75-002-4320); and
WHEREAS, Community Housing Development Corporation will be submitting a Low
Income Housing Tax Credit application to the Minnesota Housing Finance Agency in July
of 2020 for the Project; and
WHEREAS, the Project would help meet the locally identified housing needs of the City
of Elk River in that affordable housing is in short supply in the local housing market; and
WHEREAS, adoption of this resolution does not constitute land use approval of the
Project in that Community Housing Development Corporation must apply for land use
approvals for the Project which must be processed as required by state law and city
ordinance before the City Council will have the information necessary to decide whether to
approve the Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The Project willmeet an identified need to provide additional
affordable housing needs in the community.
Passed and adopted this 6th day of July 2020
ATTES
Tina Allard, City Clerk
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J (l J. oietz, #yor
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