little_canada_city_council_workshop_meeting_agenda.pdf
Council Considers TIF/Loan Support for Lupe Development
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Description
Lupe Development is seeking revised tax increment financing from the City of Little Canada for a 106-unit senior affordable housing project, with the amount depending on other grant outcomes. The City Council is considering either a maximum $200,000 TIF district or an equivalent forgivable loan from Local Affordable Housing Aid funds.
Contract Details
Contract Amount
$300,000–$400,000 requested (TIF), $200,000 City counteroffer, or $200,000 forgivable loan (LAHA funds)
Vendor
LUPE DEVELOPMENT
Agency
City of Little Canada, MN
Contract Type
FINANCIAL_SERVICES
Document Date
January 14, 2026
Contract Term
10 years (TIF term) or forgivable loan alternative
Renewal Date
2036-01-01
Renewal Info
TIF terminates upon reaching stated amount or after 10 years; forgivable loan structure under LAHA. Renewal or extension decisions await outcome of state-level grant and bond applications.
More from LUPE DEVELOPMENT
Related Contracts
Little Canada City Council Agenda 2026-06-10
PENDINGLittle Canada City Council Agenda 2026-06-10
PENDINGLittle Canada City Council Agenda Packet 2026-05-27
AWARDEDLittle Canada City Council Agenda 2026-05-27
APPROVEDlittle_canada_city_council_workshop_meeting_agenda.pdf
PENDINGMore from City of Little Canada
City of Little Canada Parks & Recreation Commission Agenda Packet 2026-10-02
City of Little Canada Parks & Recreation Commission Agenda Packet 2026-10-02
Little Canada Planning Commission Agenda Packet 2026-06-11
City of Little Canada Agenda Packet 2026-06-10
City of Little Canada Agenda Packet 2026-06-10
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