HomeMy WebLinkAbout05(H) - Approve Contribution of Local Affordable Housing Aid to Habitat for Humanity Report
Date: August 30, 2024
To: Jason Wedel, City Manager
Mayor and City Council of Prior Lake
From: Chad Dipman, Twin Cities Habitat for Humanity
RE: Request for Local Affordable Housing Aid
Twin Cities Habitat for Humanity is developing 12 for-sale townhomes in Prior Lake on 170th St, SE.
The first four homes will soon be sold to first-time homebuyers. Twin Cities Habitat for Humanity is
requesting $30,280 of Prior Lake’s Local Affordable Housing Aid funds for the new construction of
these units. The funds will be used towards the general financial pro forma of the project.
The units will be sold to income eligible homebuyers making 80% of area median income or below and
will become part of the Scott County Community Land Trust administered by the Scott County
Community Development Agency.
Thank you for your consideration of this request and for your support of affordable homeownership
opportunities within the City of Prior Lake.
Sincerely,
Chad Dipman
Land Development Director