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6.2. HRSR 12-04-2023 Request for Action To Item Number Housing and Redevelopment Authority 6.2 Agenda Section Meeting Date Prepared by General Business December 4, 2023 Brent O’Neil, Economic Development Director Item Description Reviewed by Coachman II – Duffy Development Cal Portner, City Administrator Reviewed by Action Requested Item presented for information and discussion purposes. Background/Discussion Duffy Development has two residential facilities in southeast Elk River: The Depot and Coachman Ridge. Duffy owns a developable property adjacent to the Coachman property in which they would propose to construct a new building of approximately 50 units targeted to the 55+ population. This project was discussed by the HRA and City Council in the Spring of 2023 as Duffy sought funding through the state’s consolidated housing finance application. The company received notice recently that it was not selected for funding in this award cycle. Duffy intends to apply for funding again in the 2024 cycle and has requested the opportunity to present the project to the HRA. A component of the state application awards points based on local support and participation. The City Council provided a letter of support on recommendation of the HRA in 2023. The application is due next July. Financial Impact N/A Mission/Policy/Goal A goal of the HRA is to promote certain housing and redevelopment projects. Attachments  Area Map and Duffy Facilities The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023 I w , or MIN=