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Posted on: October 4, 2022

City Approves Developers For Hope Properties; Informational Open House Scheduled For Oct 26

At its Aug 16 meeting, the City's Housing and Redevelopment Authority (HRA) approved qualified developers to submit plans for affordable single-family homes on three city-owned vacant lots. The City is also hosting an open house Oct 26, 4:30–6:30 pm at Brookview to share its affordable housing goals with the community.

The City's Home Ownership Program for Equity (HOPE), which was approved by the City Council June 21, 2022, will make up to 15 publicly owned vacant properties available primarily for development of housing for affordable and equitable homeownership.

Using a Request for Qualifications (RFQ) process, the City accepted proposals for the following properties from the following developers:

  • 208 Meander Rd (Greater Metropolitan Housing Corporation)
  • 4707 Circle Down (Greater Metropolitan Housing Corporation)
  • 1605 Douglas Dr (Twin Cities Habitat for Humanity)

The HRA chose not to move forward with developing 2415 Douglas Dr at this time as interest in the property included a density increase beyond current zoning regulations.

The Greater Metropolitan Housing Corporation (GMHC) has been providing affordable homeownership opportunities throughout the Twin Cities since 1970. There are 15 GMHC homes in Golden Valley.

Since 1985, Twin Cities Habitat for Humanity (Habitat) has partnered with than 1,500 families to achieve affordable homeownership. There are 14 Habitat homes in Golden Valley.

The third HRA-approved developer, West Hennepin Community Land Trust–Homes Within Reach (HWR) will partner with GMHC and Habitat to assist in deepening affordability through the land trust model. HWR has created and preserved affordable homeownership opportunities for working households in suburban Hennepin County since 2001. There are five HWR homes in Golden Valley.

The developers will submit construction plans to the City in early 2023. The land sales and development agreements are expected to be considered by the HRA in March 2023, contingent on funding awards. Construction will likely begin in the spring of 2023.

To learn more about HOPE visit the City website.

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