Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date12/10/2020
Author
Published ByCity of Edina
Edited ByTabassum Rahmani
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MULTI-FAMILY AFFORDABLE HOUSING IN EDINA CITY, MINNESOTA

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Document Type:General
Publish Date:12/10/2020
Primary Author:City of Edina
Edited By:Tabassum Rahmani
Published By:City of Edina

City of Edina Policy

In the city of Edina, State of Minnesota, the City and Housing and Redevelopment Authority recognizes the need to provide a range of affordable housing choices for those who live or work in the city. Since the land appropriate for new multi-family residential development is limited, it is essential that a reasonable proportion of such land be developed into affordable housing units. As such, the City of Edina adopts the following New Multi-Family Affordable Housing Policy. The purposes of this policy as “Unit” means either a for-sale dwelling or a rental dwelling in which a lease is signed prior to occupancy and “Financial Assistance” provided the City includes but is not limited to tax increment financing, land write downs, pass-through funding for purposes other than environmental remediation and other forms of direct subsidy.  Any specific projects requesting exemptions to the affordable housing requirements of this policy must seek recommendation from the Edina HRA and approval from the Edina City Council based on alternative public purpose.  All new multi-family developments of 20 units or more must adhere to this policy and must be zoned PUD Planned Unit Development.

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