--- title: Res 2026-05 proposed HRA budget staff report ## author: Douglas Shumway date: D:20240501220600Z --- ## Item Report August 13, 2026 ## Housing & Redevelopment Authority ## Item Number: 7.5 Department: Community Development Item Activity: Action Prepared By: Nelly Chick-Brewer, Assistant Finance Director, Bill ## Neuendorf, Economic Dev Mgr, Scott Neal, City Manager Item Title: Resolution 2026-06 Adopting the Proposed 2027 Budget and Establishing the Proposed Tax Levy Payable in 2027 ## Action Requested: Approve Resolution 2026-06, adopting the proposed 2027 budget for the Edina Housing and Redevelopment Authority and establishing the proposed property tax levy payable in 2027. ## Information/Background: The HRA is a separate taxing authority formed by the City Council in 1974. The HRA adopts a budget annually to include anticipated expenses to be incurred to work towards its goals of creating affordable housing and enabling redevelopment of properties to keep the community vibrant. It should be noted that the majority of expenses in the HRA budget are paid from incremental property taxes collected in active TIF Districts. These expenses are not included in the HRA tax levy. For nearly ten years, the HRA has adopted a small property tax levy to pay for a portion of the administrative expenses, supplies and programs that enable City staff to operate the HRA effectively. The HRA levy proposed for 2027 includes a 3% percent increase from $267,100 in 2026 to $275,100 in 2027. Staff recommends that the budget and the levy be approved. ## Resources/Financial Impacts: After approval, this property tax levy will be implemented in 2027 and will affect the amount of property taxes paid by all commercial, industrial and residential tax payers in Edina. City staff can implement these programs as part of their regular duties. ## Relationship to City Policies/Plans/Budget Pillars: Strong Foundation - promoting redevelopment keeps Edinas tax base strong so that no singular property type is relied upon for fiscal purposes. Livable City - promotion of affordable housing and redevelopment provides a variety of housing choices and enables a variety of employment opportunities as well as goods and services to the community. These elements contribute to the excellent quality of life that is achieved in Edina. ## Values Impact: ## Engagement Establishing a proposed budget allows stakeholders to provide input before final decisions are made. ## Equity Establishing a proposed budget for 2027 enables the HRA to continue its service to the broad Edina community. ## Stewardship Adjusting the HRA to address inflation enables the service to continue with minimal impact to the property tax payers. ## Supporting Documentation: Documents marked with "Board Portal" do not meet ADA Web Content Accessibility Guidelines (URL) and are not included in the public packet. To request a board portal document, please submit a data request (URL). ## None