Speaker numbers apply only to this recording.
The Saint Paul Housing and Redevelopment Authority (HRA) Board of Commissioners met on Wednesday, October 7, 2026, at 2:00 PM in the Council Chambers. Chair Cheniqua Johnson called the meeting to order at 2:03 PM. Commissioners Yang and Kim were excused, leaving five members present. The meeting covered presentations on the 2027 Low Income Housing Tax Credit program, the Afton View Apartments proposal, early TIF district decertifications, and a fund transfer item that was postponed.
Please. Here. Coleman? Here. Jost? Kim. Maker. Here. Yang. Chair Johnson. Here. There are five present, two absent, and they are excused. Commissioners Kim and Yang. And Commissioner Yang will not be participating remotely. Item number one, MIN twenty six dash thirty-one. Approval of the September twenty twenty-six HRA meeting minutes. All right. I trust that everyone has had a chance to review the meeting minutes from our last meeting. I'll take a motion from Commissioner Bowie to approve. All those in favor. All opposed. Five in favor, zero opposed. The minutes are adopted. Item number two is the staff report, SR twenty-six- two one one. All right. And we are to present a twenty twenty-seven nine percent low-income housing tax credit program preservation. The program was well, the HRA board has the authority from the finance board to manage the program for projects in St. Paul. And the program was created by the Federal Reform Act of 1986. The Aragon is a let's see, 53 unit new construction project, proposal from Beacon, locations 470 White Bay Avenue, and the total the projected total development cost is 28,392,475. This also includes a request for city gap financing in the amount of $1,350,000. The Highland Bridge Phase 3 project is a proposal from BPL. It's also a new construction with 59 units. After reviewing, looking at the let's see, the criterion C1, which is healthy communities, wealth and community building, where applicants are claimed up to nine points. However, after reviewing staff uh gave them seven points because uh the applicant couldn't uh justify uh that they were uh getting their tenants ready for home um for homeownership. Another issue came with criteria, let's see uh EB at the bottom there, which is uh projected uh project has an HRA slash city debt obligation. Uh Bacon claimed five claimed five points with uh which uh they could they couldn't justify because as far as we know there's at this point no debt obligation on this project um um committed by the HRE. So they claim 99 points total. If you remove the six points, that's uh uh ninety-three points um total. For the Highland Bridge phase three, as I said earlier, they claim 85 points, but the issue when reviewing the uh application, the issue came on criterion let's see, EA, which is the project located on HRE owned land. Uh PPF claimed that uh the the land was owned by the HRE, which they couldn't support. So 85 uh we subtracted five points that gave them 80 points. Based on this, the staff recommendations, the approval of the reservation of 2027, uh LITEC for the Aragon project uh located at 470 White Bay Avenue. Uh again, this is a 53-unit new construction family housing, uh including uh large bedroom units up to four uh bedroom.