HRA/EDA Meeting - August 17th, 2026

The City of Richfield held a joint meeting of the Housing and Redevelopment Authority (HRA) and the Economic Development Authority (EDA) on August 17, 2026. Key procurement-related discussions included approval of resolutions to transfer $55,000 in unspent Affordable Suburban Housing grant funds from the HRA to the EDA for use in the apartment remodeling program, and adoption of the 2027 proposed budgets and tax levies for both authorities. The HRA budget emphasized affordable housing initiatives, including emergency rental assistance and new housing programs, while maintaining a 0% levy increase for 2027. The EDA proposed a 3.5% levy increase to support expanded business assistance programs, including a small business resiliency program and a downtown branding and placemaking initiative. The meeting also covered updates to the city's inclusionary housing policy, which was continued for further review, and approved updates to the affordable housing trust fund priorities. Both authorities discussed challenges such as market conditions and staffing capacity, and highlighted ongoing capital improvement and loan programs. Motions to approve agendas, minutes, claims, and budget resolutions were passed unanimously, reflecting continued investment in housing and economic development projects in Richfield.