Brooklyn Park EDA 3/24/2025
Sunday, March 23, 2025
Huntington Place foreclosure and EDA loan forgiveness
Potential sale of Huntington Place to Mass Capital Group
Tenant displacement risks and housing assistance
Use of settlement funds and federal grants for Zane Wood Teen Center
Transparency regarding past rent payments and mortgage defaults
Accessibility improvements for disabled residents
Areas of Interest (5)
- Brooklyn Park EDA weighs forgiving $3.8M loan on Huntington Place despite resident outcry.
- Huntington Place tenants demand accountability and seat at the table in property sale negotiations.
- City officials clarify that potential $4.45M settlement is not a cash fund for tenant relocation.
- Mass Capital Group's proposed $18M renovation threatens to increase rents and displace vulnerable residents.
- Lack of 'no-displacement' ordinance leaves tenants relying on city goodwill during foreclosure transition.
Votes (1)
Approval of the agenda
Moved by Commissioner McGarvey · Seconded by Commissioner Erickson
Notable Quotes (2)
If we don’t forgive the loan... we would get 0, so we would no longer likely have access to that 4.45 million.
This is a discussion about whether we’re going to forgive the loan. If we don’t forgive the loan, what direction do we go in?
People (5)
Laha Perkins HanktonResidentSpeaks for tenants regarding foreclosure options and rent assistance.
1 quote
Speaks for tenants regarding foreclosure options and rent assistance.
“if the property does go into foreclosure if they will receive assistance in moving.”
Questioning city regarding tenant support.
Denise ButlerResidentAssociate Director at Acer, advocate for Huntington Place residents.
1 quote
Associate Director at Acer, advocate for Huntington Place residents.
“they have a list of demands that they understand their council has tax dollars that are being leveraged in this conversation.”
Highlighting city leverage in the sale.
Tamita GainesResidentDemanding seat at the table for decision-making.
1 quote
Demanding seat at the table for decision-making.
“we want to ensure the tenants have a seat at the table during all decision-making processes.”
Demanding transparency and inclusion.
Elizabeth SmithResidentResident since May 31st, concerned about displacement.
1 quote
Resident since May 31st, concerned about displacement.
“I’m really frustrated that the possibility of displacement could be happening to all of us and I would be devastated.”
Expressing fear of losing home.
Director GladhillDirectorExplaining the financial mechanics of loan forgiveness and foreclosure.
1 quote
Explaining the financial mechanics of loan forgiveness and foreclosure.
“our primary priority really is limiting displacement of those existing tenants, while also protecting the EDA investment.”
Stating city objectives.
Places Mentioned
Events & Meetings (1)
- Special EDA Meeting