Affordable home preservation line of credit program
Summary
The HRA's $3 million revolving fund buys and renovates homes, then sells them to income-eligible buyers through a community land trust with a 99-year ground lease. The amendment under consideration would update how the program runs with Twin Cities Habitat for Humanity and Homes Within Reach.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 14, 2026.
Impact analysis
Up to $3 million in revolving HRA funds support the program, with sale proceeds returning to the HRA and a portion of land-related funds forgiven.
Income-eligible homebuyers get permanently affordable ownership homes in Edina.
Mentions & discussions (1)
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