Sponsor: Community & Economic Development
Title
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Fall 2024 Obligation of Housing and Redevelopment Authority Levy Toward Critical Corridors
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Recommendation
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1. Approve recommended projects and funding amounts totaling $1,604,305 for Critical Corridors projects.
2. Authorize the County Manager to enter into the necessary grant, loan or other agreements and execute amendments to these agreements in a manner consistent with federal, state and local regulations and requirements, in a form approved by the County Attorney’s Office.
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Background and Rationale
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Ramsey County has a need for place-based investments that support identified goals around affordable housing, economic development and community reinvestment. Ramsey County’s Economic Competitiveness and Inclusion (ECI) Plan prioritizes investments in place-based inclusion as necessary to create resilient and equitable communities. Countywide, there is a need for tens of thousands of new units of affordable housing and hundreds more minority business enterprises are needed in order to match the US business ownership rate. Cities and communities are also looking for support to enact policies and plans that drive equitable development tailored to their community.
The Critical Corridors programs were created in 2022 to enact three key strategies from the Economic Competitiveness & Inclusion Plan that address these needs: (1) fostering inclusive economic development- including affordable housing- within county transit, economic and cultural corridors; (2) developing pathways to entrepreneurship and business ownership in racially and ethnically diverse communities; and (3) supporting communities in equitable site development.
To obligate HRA levy funds, Community & Economic Development (CED) staff opened the Development & Infrastructure Critical Corridors solicitation on September 3, 2024. This solicitation closed on October 15, 2024. The solicitation was publicized on the Ramsey County website, in the CED newsletter, on social media and through direct outreach to partner organizations and cities. An informational webinar open to the public was held by CED staff on August 8, 2024. At the close of the solicitation, 15 applications were eligible and reviewed by interdepartmental evaluation teams.
Staff recommend that the HRA obligate $1,604,305 of the 2024 HRA levy to further strategies in the ECI Plan related to redevelopment activities through the Critical Corridors programs.
The following projects are recommended for HRA levy funding through the Fall 2024 Critical Corridors Solicitation. Additional information on each project and geographic distribution of funds can be found in the attachment, Critical Corridors Funding Recommendations Fall 2024.
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Arcade Apartments, Reuter Walton Development, Vadnais Heights |
$250,000 |
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Connecting Rice Street: Closing the Gap, City of Little Canada, Little Canada |
$250,000 |
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GloryVille, Gloria Wong, Saint Paul |
$500,000 |
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Hamm's Brewery: East End Apartments, JB Vang Partners, Inc., Saint Paul |
$500,000 |
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Plaza del Sol, Latino Economic Development Center, Saint Paul |
$104,305 |
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Critical Corridors Fall 2024 Recommendations |
$1,604,305 |
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County Goals (Check those advanced by Action)
☒ Well-being ☒ Prosperity ☒ Opportunity ☐ Accountability
Racial Equity Impact
HRA levy funds are invested in projects that aim to reduce racial disparities related to housing and economic development opportunities, in alignment with strategies from the Economic Competitiveness & Inclusion Plan. The recommended projects represent significant place-based investments in racially and ethnically diverse communities with intentional provisions to mitigate displacement pressures.
Community Participation Level and Impact
CED implemented a robust community engagement process in the creation of the Economic Competitiveness & Inclusion Plan and the approval of the HRA levy. This included engagement with residents, businesses, community organizations, other governmental agencies, elected officials and local municipalities. Community was informed about the competitive solicitations, one step towards the implementation of the community-driven Economic Competitiveness & Inclusion Plan.
☒ Inform ☐ Consult ☐ Involve ☐ Collaborate ☐ Empower
Fiscal Impact
In 2024, approximately $11 million is available for housing and redevelopment projects and programs under the HRA levy. Of this amount, $6,506,500 was previously obligated to projects and programs through previous board actions. As a result of the actions in this RBA, 5 projects are recommended for HRA levy awards with a total funding amount of $1,604,305 that will come from unobligated 2024 HRA levy funding. The remainder of the 2024 HRA levy will be recommended for allocation to other eligible programs and projects.
Last Previous Action
On June 4, 2024, the Ramsey County Housing and Redevelopment Authority approved the Spring 2024 Critical Corridors Planning and Commercial Corridor Initiative program obligations of $156,500 (Resolution H2024-008).
On May 21, 2024, the Ramsey County HRA approved the Spring 2024 Housing Development project obligations of $4,600,000 (Resolution H2024-006) and the Wealth Generation Initiative obligations of $2,350,000 (Resolution H2024-007).
Attachments
1. Critical Corridors Funding Recommendations Fall 2024