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AGENDA RECOMMENDATION |
Item No: 4.D.
Economic Development Authority
- Meeting Date:
- 05/11/2026
Agenda Item:
Resolution authorizing the Executive Director to enter into an Intergovernmental Agreement with the Economic Development Authority of Blue Earth County.
Recommendation/Action(s):
Adoption of the attached resolution.
Summary:
The Economic Development Authority of Mankato (MEDA) and the Economic Development Authority of Blue Earth County (BECEDA) share a longstanding commitment to ensuring access to safe, stable, and affordable housing. Recognizing that housing challenges extend beyond jurisdictional boundaries, both parties have worked to establish a coordinated regional approach to housing policy, investment, and program delivery.
- A coordinated housing continuum addressing homelessness response, rental assistance, housing development, and homeownership
- Continued administration and shared oversight of the Affordable Housing Trust Fund
- Designation of the MEDA as administrator of the Housing Choice Voucher Program on behalf of the County
- Regional administration of the Bring It Home Rental Assistance Program in partnership with multiple agencies
- Defined roles for program administration, financial management, compliance, and reporting
- Commitments to data privacy, transparency, and equitable access to housing services
- A five -year initial term with options for renewal, amendment, and termination provisions
