The Richfield City Council and Housing and Redevelopment Authority (HRA) are considering a variety of tools and strategies to strengthen the City's apartment communities.
1.Tenant Protection Ordinance
The City Council approved an ordinance providing a three-month tenant protection period on September 25, 2018. The Tenant Protection Ordinance applies to affordable rental apartment buildings, with three or more units, when they are sold. The new owner is required to provide notice to all tenants of any proposed changes in rents and/or screening policies and offer a three-month period before those changes take effect. The new owner could also choose to provide relocation benefits to tenants instead of providing the three-month protection period. The ordinance takes effect on January 1, 2019.
• The proposed Ordinance would apply only to apartment buildings with three or more units.
• The proposed Ordinance would apply only to apartment buildings where at least 20% of the units are affordable at 60% of the Area Median Income (0BR = $991; 1BR = $1,062; 2BR = $1,273; 3BR = $1,471, as of 4/1/18).
2. Inclusionary Housing Policy
The Richfield City Council, Housing and Redevelopment Authority (HRA) and Economic Development Authority (EDA) have adopted an Inclusionary Housing Policy.
New housing developments seeking financial assistance from the City will be required to provide at least 20% of their units as affordable or make a financial contribution to the City’s Housing & Redevelopment fund.
Call or e-mail Julie Urban, Housing Manager, at 612-861-9777 or email@example.com with questions or to submit feedback.