Trust fund backs land trust affordable home purchases

The Richfield Affordable Housing Trust Fund is funding the West Hennepin Affordable Housing Land Trust to acquire and rehabilitate multiple single-family homes for sale to income-qualified buyers under a long-term affordability model. The partnership supports two homes in 2026 and three additional homes in 2027 as part of Richfield’s affordable homeownership initiatives.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Funding is programmed annually through the Affordable Housing Trust Fund budget; ongoing support is subject to future HRA and City Council budget approvals rather than formal renewal clauses.

Document type

Budget

Source document

Richfield Housing and Redevelopment Authority Budget 2027

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Richfield?

West Hennepin Affordable Housing Land Trust was awarded this financial services contract by City of Richfield, as recorded on August 17, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in Richfield Housing and Redevelopment Authority Budget 2027 (Budget), dated August 17, 2026 from City of Richfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does West Hennepin Affordable Housing Land Trust hold?

West Hennepin Affordable Housing Land Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View West Hennepin Affordable Housing Land Trust's profile

What is City of Richfield currently buying?

Explore City of Richfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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