Hennepin County HRA Authority Agenda May 12 2026
Velair Development Repays AHIF Loan; Funds Recycled to 2026
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Description
The Hennepin County HRA accepted $454,188 in loan repayment from Velair Development Company for the 2006 Washington Court AHIF project and reappropriated the amount to the 2026 AHIF budget. The funds will support new affordable housing awards.
Contract Details
Contract Amount
$454,188 (repayment proceeds)
Vendor
VELAIR DEVELOPMENT COMPANY
Agency
Hennepin County, MN
Contract Type
OTHER
Document Date
May 12, 2026
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