Edina Housing & Redevelopment Authority Meeting Agenda May 2026
Edina Extends $3M Habitat for Humanity Credit Line
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Description
The Edina Housing & Redevelopment Authority is amending its $3 million, zero-interest revolving line of credit with Twin Cities Habitat for Humanity to extend the term from three to five years. The amendment allows Habitat to use remaining funds to acquire, rehabilitate, and sell additional homes for long-term affordable ownership in Edina beyond the original six-home target.
Contract Details
Contract Amount
$3,000,000 line of credit (revolving)
Vendor
TWIN CITIES HABITAT FOR HUMANITY
Agency
City of Edina, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
Extended from 3 to 5 years from April 13, 2023
Renewal Date
2028-04-13
Renewal Info
First Amendment extends the Agreement’s termination date so the line of credit term is now five years from the original April 13, 2023 effective date and permits use of the Program for more than six homes.
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