City of Minnetonka Economic Development Advisory Commission Agenda Packet 2026-06-11
Five-Year Funding for Homes Within Reach Affordable Housing
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Description
Minnetonka allocates $525,000 over five years (2027-2031) to Homes Within Reach for administration, acquisition, and rehabilitation of permanently affordable homes. Funding is provided through the HRA levy, supporting one to two new affordable units per year.
Contract Details
Contract Amount
$525,000 (2027-2031), annual $125,000 (2027-2030), $25,000 (2031)
Vendor
HOMES WITHIN REACH
Agency
City of Minnetonka, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 11, 2026
Contract Term
2027–2031 (5 years)
Renewal Date
2031-12-31
Renewal Info
Annual renewal through EIP process; ongoing with city review to ensure sustainability. Commitment is reviewed annually for continued funding.
More from HOMES WITHIN REACH
Related Contracts
St. Louis Park Study Session Meeting Minutes March 9, 2026
DISCUSSSEDSt. Louis Park City Council Meeting Agenda March 9, 2026
DISCUSSSEDCity of Bloomington HRA Meeting Agenda March 2026
PLANNEDSt. Louis Park City Council Meeting Agenda March 2026
PENDINGCity of Minnetonka City Council Regular Meeting Agenda February 23, 2026
APPROVEDMore from City of Minnetonka
City of Minnetonka Economic Development Advisory Commission Agenda Packet 2026-06-11
City of Minnetonka Economic Development Advisory Commission Agenda Packet 2026-06-11
City of Minnetonka Economic Development Advisory Commission Agenda Packet 2026-06-11
City of Minnetonka Economic Development Advisory Commission Agenda Packet 2026-06-11
City of Minnetonka Economic Development Advisory Commission Agenda Packet 2026-06-11
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