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05(G) - Approve Contribution of $225,000 in Local Affordable Housing Aid to Twin Cities Habitat for Humanity Report
January 13, 2026 · Prior Lake, MN
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Source: 05(G) - Approve Contribution of $225,000 in Local Affordable Housing Aid to Twin Cities Habitat for Humanity Report
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Retrieved April 9, 2026
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Summary
The City of Prior Lake is considering a contribution of $225,000 in Local Affordable Housing Aid funds to Twin Cities Habitat for Humanity to support the completion of a three-building townhome development. The development, located near Ponds Park, will provide affordable housing to residents making 80% of the Area Median Income or less. The contribution will help cover construction and affordability gaps, ensuring the project's completion and the availability of affordable housing units. The City has received payments from the state for affordable housing, and this contribution is consistent with the state requirements for using these funds.
Details
- Subject
- Contribution of $225,000 in Local Affordable Housing Aid to Twin Cities Habitat for Humanity
- Summary
- The City of Prior Lake is considering a contribution of $225,000 in Local Affordable Housing Aid funds to Twin Cities Habitat for Humanity to support the completion of a three-building townhome development. The development, located near Ponds Park, will provide affordable housing to residents making 80% of the Area Median Income or less. The contribution will help cover construction and affordability gaps, ensuring the project's completion and the availability of affordable housing units. The City has received payments from the state for affordable housing, and this contribution is consistent with the state requirements for using these funds.
- Report Date
- 2026-01-13
- Report Type
- agenda
- Report Title
- Approve Contribution of $225,000 in Local Affordable Housing Aid to Twin Cities Habitat for Humanity Report
- Authoring Body
- City of Prior Lake