Richfield Housing and Redevelopment Authority Agenda February 2026
Developer Agreement Approved for Affordable Housing Program
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Description
The Richfield HRA approved a Developer Agreement with West Hennepin Affordable Housing Land Trust, dba Homes Within Reach, for $240,000 to acquire, rehabilitate, and resell at least three single-family homes to low and moderate-income buyers under the New Home Program. The agreement runs through December 2026 and is funded by CDBG and local housing trust funds.
Contract Details
Contract Amount
$240,000
Vendor
WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST DBA HOMES WITHIN REACH
Agency
City of Richfield, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
February 17, 2026
Contract Term
Effective as of February 17, 2026 until December 31, 2026
Renewal Date
2026-12-31
Renewal Info
One-year term; renewal or extension would require a new board action or amendment.
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