(A) Except as limited by this section as it may be amended from time to time, the HRA may exercise all the powers under the HRA Act needed in order to carry out programs and projects for low and moderate income housing including, but not limited to, the following powers:
(1) To own, manage and operate all housing facilities that are operated by CHEDA as of the effective date of this section.
(2) To establish and operate housing development projects and housing projects (as such terms are defined in the HRA Act).
(3) To accept control and authority over any housing program for low and moderate income persons that the city or CHEDA delegates to the HRA.
(4) To levy special benefit taxes in accordance with Section 469.033, subdivision 6 of the HRA Act in order to pay or finance the cost of housing projects and programs for low and moderate income persons, subject to approval by the City Council in accordance with Section 469.033, subdivision 6.
(5) To acquire and convey real or personal property or any interest therein by gift, grant, purchase, exchange, lease, transfer, bequest, devise, or otherwise, and by the exercise of the power of eminent domain.
(6) To determine the level of low and moderate incomes within its areas of operation.
(7) To issue bonds for any of its corporate purposes and to secure those bonds by mortgages upon property held or to be held by it or by pledge of its revenues, including grants or contributions.
(B) The HRA may not exercise any powers under M.S. §§ 469.174 to 469.179, as they may be amended from time to time, or any other powers under the HRA Act that relate solely to redevelopment; provided, however, that nothing in this section will be construed to limit the HRA's powers to carry out any housing project or housing development project that requires or includes redevelopment or that requires or includes land uses or facilities reasonably necessary to serve or facilitate the development of housing for low and moderate persons.
(`77 Code, § 3.305) (Am. Ord. 1442, passed 10-22-01; Am. Ord. 1664, passed 2-22-21)