Today, the Ramsey County Housing and Redevelopment Authority approved a total of $2.3 million in grant recommendations to fund 14 local redevelopment projects. The HRA decision activates the county's first distribution of Critical Corridors Grants, a new program funded by the Housing Redevelopment Authority (HRA) levy.
Project awards are almost evenly split between Saint Paul and suburban cities. Selected redevelopment projects in Saint Paul will receive a total of $1,119,007 in HRA levy funding. Suburban Ramsey County cities such as Mounds View, New Brighton, Roseville, White Bear Lake, Maplewood, Arden Hills and Shoreview will receive a total of $1,211,940, which includes the reallocation of $500,000 of HRA levy funding from the Spring 2022 Inclusive Housing Development Solicitation. This reallocation is due to a previously awarded project not moving forward this year.
The Critical Corridors Grants solicitation prioritized place-based investments along major transportation, commercial and cultural corridors. Project selection was also heavily based on key strategies outlined in the county's Economic Competitiveness & Inclusion Plan and Equitable Development Framework. Project grants will help invest into equitable planning, advance inclusive redevelopment and support suburban small business pathways for racially and ethnically diverse entrepreneurs.
Original source can be found here.
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