The Edina Housing & Redevelopment Authority convened on April 24, 2025, to discuss pressing housing issues and development proposals in the city. A key highlight of the meeting was the overwhelming success of the Finch affordable housing units, which were fully occupied shortly after opening. This rapid uptake underscores the urgent need for affordable housing options in Edina, particularly for vulnerable populations, including young individuals with disabilities.
Concerns were raised regarding the ARIA development's compliance status. While the authority previously deemed ARIA non-compliant due to affordability issues, some members argued that this assessment may not accurately reflect the legal compliance of the project. The discussion highlighted the complexities of defining affordability, as some units are considered more affordable than market rates but do not meet the official criteria.
The meeting also addressed the city's old public works site at 5146 Eden Avenue, where 11 proposals from various developers were received in response to a recent request for proposals (RFP). The proposals varied significantly, featuring a mix of for-profit and non-profit developers, and included plans for low-rise and mid-rise housing, senior cooperatives, townhouses, and commercial spaces. The authority noted that while the proposals are promising, the timeline for development could span one to three years, depending on the selected project.
The range of proposed land prices varied from over $1 million to nearly $6 million, reflecting the density and income levels targeted by each development plan. The financing strategies for these proposals also differed, with some relying on private funding while others would require public assistance, such as tax credits or HUD funding.
As the authority prepares to narrow down the proposals in May, the discussions from this meeting highlight the ongoing challenges and opportunities in addressing Edina's housing needs. The successful occupancy of affordable units at the Finch serves as a reminder of the critical demand for such housing, while the diverse proposals for the Eden Avenue site indicate a proactive approach to future development. The authority's next steps will be crucial in determining how effectively these housing challenges can be met in the coming years.