PendingOther

New Home Program Developer Agreement

Description

The land trust would acquire, rehabilitate, and sell houses to income-qualifying households under the HRA's New Home Program, holding land ownership in perpetuity to keep costs down for buyers.

Impact summary

Could add affordable homeownership opportunities for moderate-income Richfield households.

Applicant

Name: West Hennepin Affordable Housing Land Trust, dba Homes Within Reach

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Last discussed Feb 17, 2026.

Meeting timeline (1)

Feb 17, 2026

Housing and Redevelopment Authority - Feb 17, 2026

The land trust would acquire, rehabilitate, and sell houses to income-qualifying households under the HRA's New Home Program, holding land ownership in perpetuity to keep costs down for buyers.

Related issues (1)

Affordable Homeownership via New Home Program

The HRA is putting $240,000 into buying and rehabbing at least three houses that will be sold to families earning 80% of area median income or less. The community land trust model keeps the homes affordable permanently by holding the land separately.

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