DEPARTMENT: Finance
FILE TYPE: Consent Action
TITLE
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Authorization To Allocate Local Affordable Housing Aid Funds To Dakota County Community Development Agency And Amend 2025 Non-Departmental Budget
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RESOLUTION
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WHEREAS, Local Affordable Housing Aid (LAHA) is aid to metropolitan local governments of seven counties, including Dakota County, and 63 cities; and
WHEREAS, LAHA is funded through a dedicated sales tax in the seven-county metropolitan area; and
WHEREAS, during the 2025 budget process, the County Board approved a budget of $4.9 million of LAHA funding that included investments for Emergency Rental Assistance, Apartment Services, Prevention and Navigation Services, Housing Clinic, Family Voucher Program, and Permanent Supportive Housing and Rapid Re-Housing Services; and
WHEREAS, based on LAHA revenues to date, staff projects annual LAHA revenues of $9,800,000; and
WHEREAS, during the October 22, 2024, Community Services Committee meeting, the Board gave direction to budget 50 percent of LAHA in the Dakota County Social Services budget and hold 50 percent for future discussion of Community Development Agency (CDA) allocation; and
WHEREAS, Board authorization is needed to budget and distribute LAHA funds to the CDA in 2025 for qualifying projects, consistent with the County’s Housing Business Plan; and
WHEREAS, the CDA’s proposed Fiscal Year (FY) 2025-2026 budget will include the appropriated LAHA funds for eligible activities and projects; and
WHEREAS, staff will also briefly discuss options for the 2026 allocation process.
NOW, THEREFORE, BE IT RESOLVED, That the Dakota County Board of Commissioners hereby authorizes the Deputy County Manager to accept Local Affordable Housing Aid (LAHA) funding; and
BE IT FURTHER RESOLVED, That the Dakota County Board of Commissioners hereby amends the 2025 Non-Departmental Budget as follows:
|
Expense |
|
Community Development Agency Allocation |
$4,900,000 |
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Total Expense |
$4,900,000 |
|
|
|
Revenue |
|
LAHA Funding |
$4,900,000 |
|
Total Revenue |
$4,900,000 |
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