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Home Ownership Program For Equity (HOPE)
Golden Valley's Home Ownership Program for Equity (HOPE) makes city-owned vacant property available for the development of housing for affordable and equitable homeownership. The goal is to help reduce racial disparity in homeownership, build wealth, provide long-term affordability, and support Disadvantaged Business Enterprises (owned, operated, employed, contracted, subcontracted).
Through its Public Land Disposition Policy, the City provides a land write-down as an incentive for development of homes affordable at less than 115 percent of Area Median Income (AMI), with a priority for affordability at 80 percent or 60 percent of AMI. Priority is given to proposals from organizations with demonstrated success in building relationships of trust with Black, Indigenous, and people of color and in serving first generation homebuyers.
(for owner-occupied housing)
Percentage of Area Medium Income (AMI) | Income Limit |
50% | $59,100 |
60% | $71,000 |
80% | $94,600 |
100% | $118,200 |
115% | $136,000 |
Pollution Concerns
The map shows (click to enlarge):
- locations for the seven HOPE homes as well as recently constructed market rate homes that are adjacent to highways and the railway
- Minnesota Pollution Control Agency (MPCA) Air Quality scores for areas in Golden Valley within 0.3 miles of a highway
Air quality near highways is a legitimate concern, as pollutants along busy highways may be higher than the community as a whole. In Golden Valley, 54 percent of households fall within 0.3 miles of a highway. Golden Valley's MPCA air quality scores are between 1.5 and 2.2 from a statewide range of 0 to 21.0. The MPCA has found no pollutants in Golden Valley to be above the health benchmark during periods surveyed.
More Information
- Environmental Justice Screening and Mapping Tool (Environmental Protection Agency)
- Social Vulnerability Index Centers For Disease Control/Agency For Toxic Substances And Disease)
- Sources Of Air Pollution (Minnesota Pollution Control Agency)
HOPE Properties For Development 2023–2024
HOPE Properties For Development 2022-2023
- Square feet: 22,656
- Zoned R-2, Moderate Density Residential
- Supports single-family, duplex, rowhouse, residential facility
- Subdividable for two single family homes
- May be suitable for two to four town homes or row homes (24-foot width requirement for row homes)
- City sidewalk may require ROW dedication/easement
Funding Priorities & Project Requirements
Funded projects must result in homes that:
- are residential in nature and address the housing needs of underserved populations
- are occupied by eligible homebuyers or homeowners and provide long-term housing affordability
- are affordable to the local workforce and proximate to jobs, transportation, schools, and services
- reduce racial disparities in homeownership and build wealth and equity
leverage for other financial and in-kind investments
Project Selection Standards
To be considered for funding, applicants must also:
- demonstrate project feasibility regarding economic viability
- demonstrate organizational capacity to successfully complete housing projects
- address Golden Valley's defined community need for affordable home ownership opportunity
- feature high-quality construction and universal design
- meet code compliance and visitability and/or accessibility criteria
- demonstrate energy efficiency (Minnesota Overlay of Green Communities Criteria and Department of Energy Zero Energy Ready Homes Program)
- incorporate fair housing and affirmative marketing
- meet reporting and compliance requirements
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Cherie Shoquist
Housing and Economic Development ManagerPhone: 763-593-3983
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Planning Division
Physical Address
7800 Golden Valley Road
Golden Valley, MN 55427
Phone: 763-593-8095Fax: 763-593-8109
TTY: 763-593-3968
Office Hours
Monday through Friday
8 am to 4:30 pm