At its March 15 retreat, the Edina City Council voted 5-0 to support Common Bond's request for a deferred loan to repair South Haven (100 units) and Summit Point (29 units), two senior apartment complexes that have housed low-income residents since 2005. The buildings, now 20 years old, need significant upgrades including mechanical system repairs, new windows, and interior renovations to kitchen cabinets and flooring.

Affordable Housing Manager Stephanie Hawkinson explained that the loan would carry 0% interest, though that rate could change if the project qualifies for tax credits that might make a small interest rate more beneficial. Common Bond representatives detailed plans for a "full refresh" of apartments to upgrade materials and provide residents with improved living environments. Commissioner Jackson praised Common Bond's work, noting that the organization faces extraordinary financial pressure because rental income from low-income residents doesn't cover operating and maintenance costs.

The council also approved two related resolutions on tax increment financing. In a 4-1 vote, commissioners approved removing Tuppa Park from the Eden Wilson Tax Increment Financing District to simplify the county certification process. Commissioner Rer abstained, saying she didn't understand the matter well enough. Economic Development Manager Bill Nindorf assured the council that removing the park wouldn't invalidate the district because the Perkins site—still included in the district—meets the required qualification standards.

Finally, the council unanimously approved a pledge agreement committing the Housing and Redevelopment Authority to use future tax increment revenues from the Eden Wilson district to repay approximately $5.4 million in city debt for ongoing public roadway improvements. During the meeting's closing remarks, a commissioner requested that city staff review Edina's inclusionary housing policy—which requires developers to include affordable units in new projects—and compare it with policies in neighboring cities like Minneapolis to identify potential improvements.