Rachel Schwankl Selected for Fridley Housing & Redevelopment Authority
October 21, 2019 | Barna, Guzy & Steffen, Ltd.Rachel Schwankl, Real Estate Paralegal at Barna, Guzy & Steffen, was recently appointed to the Housing and Redevelopment Authority (“HRA”) in Fridley, MN.
According to the City website, “In 1947, the Minnesota Legislature created the Municipal Housing and Redevelopment Act, which authorized cities to create Housing and Redevelopment Authorities (HRAs) charged with improving “substandard conditions” characterized by “dilapidation, obsolescence, overcrowding and faulty arrangement or design of buildings and improvements.”
Fridley’s HRA was established in 1965 and today plays an active role in developing and redeveloping the City. HRA projects are designed to enlarge the tax base, create jobs, and create vital, attractive businesses in blighted or underdeveloped areas of the City. The HRA is empowered to carry out housing rehabilitation programs and redevelopment projects that create new housing opportunities. The HRA also makes use of State and Federal programs to provide housing rehabilitation assistance to those that qualify. Examples of State programs include the First Time Home Buyer Program, the Minnesota Fix-Up Fund, and the Home Energy Fund. Federal programs include the Community Development Block Grant Program and HUD’s HOME program.
Housing and Redevelopment Authority Services:
- Business site selection assistance;
- Local tax structure and tax increment financing districts data and analysis;
- Guidance on available City programs and other programs for various types of projects;
- Redevelopment process assistance;
- Coordination/implementation of special service districts;
- Real estate transactions;
- Private activity bond issuance or refinancing;
- Business relocation/expansion assistance;
- Redevelopment contract negotiations; and
- Home improvement demonstration project”
Congratulations to Rachel on her new appointment.
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