8.0. HRSR 01-27-2003 Item # 8
S
City of
Elk -�-�
River
MEMORANDUM
TO: Housing & Redevelopment Authority
FROM: Heidi Hall, Economic Development Assistant
DATE: January 27, 2003
SUBJECT: Articles on Housing Issues
Issues
Articles
As the HRA, City Council, and Planning Commission continue to consider the City's role in
addressing the housing needs identified in the Elk River Housing Study completed by the
• Central MN Housing Partnership, staff will continue to provide information on housing
issues.
1. Homefront: A Newsletter from the Central MN Housing Partnership,2003 Winter
The nearby community of Monticello is highlighted in the attached newsletter for
redeveloping a one-block area in downtown Monticello that will provide affordable
home ownership opportunities for area residents.
2. Central MN Housing Partnership HOME Rental Rehabilitation Program Funding
Availability Information (Letter, Brochure, and Selection Criteria), December 12,
2002
HOME Rental Rehabilitation Program funding is available as a loan with a 0%
deferred interest rate for the rehabilitation of existing rental properties located in
several Central MN counties, including Sherburne County. Staff forwarded the
attached HOME Program information to Elk River apartment property
owners/managers last month.
3. "Housing Organizations Identify Common Legislative Interests" League of MN
Cities Bulletin,January 15, 2003.
• The attached article highlights the issues that several Minnesota housing
organizations plan to pursue with the 2003 Legislature. These organizations hope
that current tax increment financing restraints on affordable housing will be
removed, opportunities for cities to provide affordable housing via a block grant
program will increase, and state bond resources for affordable housing will increase.
Elk River Housing Study Update
The Central MN Housing Partnership is in the process of updating the Elk River Housing
Study to include the 2000 U.S. Census Bureau information. The updated study will be
provided to the HRA at its February meeting.
MN Housing Finance Agency Work Session
At the November HRA meeting, the HRA requested that a work session be scheduled with
Katherine Hadley, Commissioner of the MN Housing Finance Agency. Staff is working to
schedule a presentation/work session with the agency's new commissioner, once they are
appointed.
•
Li
Z 0 7 O C S 0 O T C - c C•. 0 d U E p O
C •n ° N
E' Fr rrtr hE!, r0 r0 S+-' -° d C rp d C •C y �- U �O
N 'iv° ,. ;s ._'".. u Q d d .> CCc p -6 �o '7 d O c V ro
ce
lit Z �` s 3 d x d — 3 0 ° p
F- _ a s c d .> i W m x c c E d d Q�
�' ',�; O of-c = .� W Q O O i X N
—
d sr >` E d d v�.. c d N •V ;a W .d d
,� u s VO O_ -5 -� ,,, g U U s c O c u d io
_ - c s
Z O -° a 3 d U o u O O a i
Ln
z i: i os _
�
V I O ra d d V -6 T T d d O `p a c
J 0 E s d d d ° d N d d y O
0 Q� —J o 0 ro
w � V l L c 3 * d
T c O -p •— c ro
Z d `° N O c y C —� W�\ i? 3r s ;. Q c Q d s_
Z T O .0 d U `o m d 0°i O U ° *" _O
•
QW =p m d �, `0 �_ c c s '0 m i ,�, W 3' F * d
Q � : d
ce
;> E E � _ d .� 7 � d a C ` 0 ? ;NW' Q O O' i c Z W J •: d d O • O m— c 0 -d — Q
_ �-- `� o O -6 -6 C O y0 -° d c •-4 d 0 0 p W ro � c 3 c -O
H- W o .y, c O < O -p d c d s u S ' * �o �o c p a. d
O Z Q o
T c a F: s I1fluiiiJ1i ; c u �( W u
UJ
0 c v O d
F- O d 0 0 s N O T > Q W ' 0_ Z a•J U N d ,O uuiHUUi
.mod.U O 1:: LL m a 2 —' ;, U c, o ° 3 F- to
Q
fi mM.r ,�\ \1. ;\^�, ; r r t\ K l l \:: tF„ � \Y \
sf\T\r,.., \, u \\ - (\, ;.\ \ {' \.. \ \l.. ...\ !, r t\ x \\ S\s
c a�4,,...\ \\ \...: ` �• ;, ," ',, a,� ..,'�, f�"rr, .\w.^t\� a ;.�\s .,'s '. s �,. ..:. \ �,�::. t \x� 66\\ \ \ .
t�ryte,v�., A , VA' ; ; v':alVA. st v ,t#\ll,.?. �vv,D 1(c AAA �v � `V^v r f���\{t
3
m y co
.r
C 1 r O O 6 c y Co M�+ M O !n O N- !n .0 Ln dM- !rn Co Nc- n E ca .40 O c'0 .o c i ci •O s °:d v Ln Co O O c!n oo O. cu O c+O. O O O r`O oM� .p O O n c O 4109 U�c! w r' O O H O O
-D
73 -6 O = p C ,a O •O M .O .O .O O. O. G •.O O E W W d -O d 0 r0 0 7 O. V O. GV O. O n G.,a L U � CO Ln GV co co 0,1 7 7 t .o !n •o & c^i o. !n y o Z O `f, Co C d C CO C0-4 u .o co 04 .o sn 4-n cv cu m Ln .o M ^ O T CA o d 0 0 p d - c< M O O O O M O O O O O O co_L Q c O O O O c�
CD d o N d CO •O °:m Z � u O O m p O � u m , (3' O m d • . = .0 ^ °,,i O m O ci c CA 0 v O N -6 O O d C•1 i w rt, a ,• ...
`J 05..
O
M i ' u Z c ci
`n r V E w O
C W d O c n M y v - o0 = T• n,^ v\J 0 O -c - s E V i O Q - . 2 T V m y p Q o T N i i d Q Q —Wd c O r6 a u d ° C . — • •H C N • •
0 _ O D m _ O -O L — -LE, -O-0 m W O p Vt d n C C O O t , U C./1 O r c .� .N z j l.J U E U oo. N T s E ? c d •• •
• •
•
Z m
§a
F.' �o0
O a_,Fz-
u 1�
N
C N >
� C u
0 "
s a o
C
� 0 c O
ro
d
LI j LA Q E c
_ 2 .2
E
1J O E
d O O c
> O V
g O �
O
C 0 p ,..1 c -C U W) O QC Y _E E E • j C I .p 0 V o N %-O = o ---0 U U d = c c_O O E T N a C d O- ° ° va c " ° c - a I;
E c U C Q) y O. s E -O C'U E s Pa-,2-
° E Q = O 0 Q E m V - Q C O O -0 s —.?, C 0 d .d 1_ E s E N N s V u a m d _ L a O C I ! �N l N Q 20 � �.U > c � z 9- Z d s d T �c o Q C C to U C w` C� L: o —
W O
.. o •0 l� 0 U U W
:c al 0
N 0
S:ti
UI ro
CL o o u d °-
N FD TD_
a LII a o -o
NN OU a U- U- U- 00 p a C)
CN N d ° _a a a 4' a m E
cir.
yj N ^I O �C _1 Q J U U p U U d �_
(v E x 0 d >.Q ? v of of = N d
rc
0i- (o CO 0 0 U E E °p o E E E 0 0 1- c c c = d
LA
H Ud E y w E E E c ra d o`� c,- 0 0 3 2 0 C Q - -� �_ U U U - o o � CU �N a a N �in�s-o �. T T ,i > N c � ULLjU = Y � TNN O
- (17 C L E o_ o o O 0 ro O d ro Co Co �- d•C/ 0 O tIl .. v > ,p 3 ,, > > > m p d o c o s
■■ � m ND 3 �J �� �Q a s �Q �Q Q Z � snaceo_ ... Q '3 � UQ
❑■ C 7 p °u 0 �S 2U . 2"i, 3 uU =U '
■■ c� Z N can m a� 3 3 ; do d2ug 20 Qo ��
w wU 1.12 02
Illy
-6_c
7 C c
mi C
o P
i#g�
3:
5'i,fl 4s 1;
` t
i
i
,
• i d.ds ..,2 :d d d p ° o N •.. . d c - U s = — i # #.
O +., L 0 d N° 3 co •C _ I--'N k R iz Y#
.
:p -6 7 � s 6 -O _ vi a V 6O = u M O d E i .+ +F §,
{1 wir• ¢[pn . ' S p i3 'D + I mn #} ##C d y �d N p ^ ~ d W i +.' v `O '"O ° M Q nId E E i t k{ P y U p 7 O O T d -O C O O I F * "` v uF > E CO = d — ' d d Z ° O C n c ro V y o d ^" jvti :::,:::41,1 -'-g-. 111 r. ,O V a •E O O O I I W E O ffn , < E O s JC f �k m " b Ie "d = d -O ° O,_c -6 0 M d c E . w} 1..0 //// ' 7 S "€' E '5 = 7, O M o^ s u CJ o m j r 3 i 'N —E i # d c .O o d c W� Z Gi - a .= y n o A 0 -e s c c 'v, S , c '� Q U p ro E • _ c Et 's2 O ' r ��w O j 7 0 -O d E Z O _x ; E O c cfl • O :E-, . 1' ' , !\MM 1 2 u, d 0 , o, d c E c Z > C O W O " H O .O UJ E 11J11tI;I GmV V O a M .° c Q t </ O .0 O I r o j g O � 6 O `Q n d Z 1 d O d =3 ° p > Q Fn J E 4w E° t M ^=° c rF.c EV 6 -c 3 O O U ,o ,o »U ' d d r b O , a V O s 4!s xO O d c U 'o O c 1�* , .E 9, , d d c y o �/ F- 7 ' ° -O 0 •- o d :-';',!'::A`419.•4 'L1 -O a •U 2 U -2 d Q 'N s - ig fl a Ll Ll = v -O ^+' „ s ' .E in s O O W --E2 m 1-'' s ▪ c ° U E .If i t Q O U rc r«.. V T V O O .N,o .E y k- ( \ N w � En Q o N = d c a2 d `� E O d ,d 2 p ,n 5..;:,v._ \ m c ', N d E d C W Z _o _ E -O ,Con-O Q d O s E U c s E _6 E- a k i v_: ?v c -, m Z � .^ o 0 m E � H ' .Z
N a c n y „ `O D M 0 O d d O cj > a> °ii . „_ E a s
3 °, c 3
E --0
—O o -s.c E c QO•_3, _ O
u 3
0 ate c o o s o 3 J O O O O O O O O O O O O O r O O r 0 0 � O O d O - a o c s O` O O O O O O O M O � - ° d c I ° E i o d o Fn n O c u E d c ° °r n m r r r v Fn v M c o a ° s E d' M ° o O� 69 .(q H; E f v , d d p y O s i -O > o C • c'O c`fl 0 m3 • o - O c U N I -° c • N O 01 y p c . d W s CC C d o•0 •� s p E p t - < • E• E c o . O d > 3 ud O s o o- O a .� c s d o o m m is - a E -o O -O E u O ° O E O E U c p < o N c N ° GO c N O y d U s Q c o O Qc CO o u E° ' 0 s — 'c d _ ° EA N -6 .E O s c u d ^ E o O Z i y c d a p .47. O O u O - ° d ^U ” 2 E S s° -6 > E 'O�s > O O . c E _O
I— —- , E • J O co r0 CO s a � u s s v '6 0 X d c -Q d Q s O i c d i N 3 \Q u ° c Y d p = E E N
6 c t- Q ~o v sN w u 0 3 O = U y o - O
J _ > E I O U — N u d O ° Q2 vc u Od d ° c U 0 pn s d o .a c2 U V d m x °- ° a a N E W Q d '� -d U O "° m d a U c ° u c c Qo o~ ° Z .n Nc 'd s o _ O 0 o d o o i_ -0 - d . Fv d 0 p -° > o C - N E E E c No — c o 4-° c i U C N T O C -° Z � N y c CI) 5 p Z o d C t o a- d to dd a p W < u d m -0 x % �[ N c y J u ,o c oc o E c v a o nn o i d o 0 a E ° !ii
W ° o o o 3 U 'g o 0 E ~z a U a I O 3 ° u - � Q . I c - Q d� Q. , � v, a U I J p c .E co
a. c ra U o c 6 0 co> - c p 6 N u c 4- c 111 Q < d v v< > On-O c c d U F- f— H- J '' E z o- i ' V i -o 1— UJ N D, p d o _E U U U U a o o — ° d a s d LB LB LB d -C Q ,7 O O o } Z -O +c 3 O p 0 0 0 a p (!p V r0 6 6 d' 2 /Q IIIJJ2a Z o o E cm s �Q -O p d d p • Q-E ^ J e I -6 c 3 c N I O ° C-6 D c v° d o s L N L i a o m c o O 6 c — u e d
J C O rnn • O U i > E")
__I
p V m= � >LL n o a = 3 Z = v o 3 ', Q �; m _ • > Cn s c Q c ° a [ a- � 2 o o W , t k " 1 4,4 �, m E •03 • N E Z0 d r% ;1/ I Q a O 3 p f ..+ Na; r - '� D d ' E n g=0 io co d c d V J d CL I > > , I?"Lc -a c i..= OI E .> •
� '
Ts o �1 U s d d d U d ° C d I I I IL-) -c '5 I ° c ->° v � .1 U s o I U N 2 d .3 2 - o s i ' 4 r 1-- d O s2 2 2 � m U O J J U CJs) —e J .'_a U W I H U U U U FU U
1110/4t ,
kk '� • O r• o s d • _ c 1 E ik.A
E
a .� `i;4'! '„ s s . -,>p 'U y o' J N c E O .N N 1 co MIL
O - ,+ .: � • F- d O p S d U d as O '� U N V >. r 1 //\
m E '� a c= O a 3 N _6 O •c p� 1 Y 1
\ d C C O • p> v, d O O -6 N _T C V --C X co
V '�. ;F11� �+ �.,a,.,� '� p S d -0 c Q O d - °'O `o C O U p� 1 Z 1
W b A& c 'O • n o v F- E . c -O c 0 m
I m m 1
_� � � :,.. Us dQ/ Ewa oV � o ° Q d d 'o0 � 0, 1 J o0 1
Q • d d • a mw •E O c0 c - m ;o N •!o u � c 1 /n c c 1•
-O -O �, d p •p a O O ,y, c �G ro r0 tv 0 E T J O m c ,>o VO 1 V ;o O 1
w of %o O c d E m d .Cn O ,co u c 1 ? -6 N v, ,0
/\ i -c" m m ,o 'o N v, d O _'6I = � p0 O O O �> �f d .� .� 1 �n c c c c O 1
c E O c -6 d v a d -6 NN c o c v ■^ E s.l ,o . c a c u
O 'c c O c u ,o M s c ,o ,o c ,o p} >� %o E c E �,
° m o .c 3 .Q `° _ E d g a c p p d _u — _ -p ` o ,° d a E E E p ; � w a d E m E of E ;
D ^ O o I c O, s c O O ° U — 3 'a' R O c nil p N E pn ,To �, O GPI • w +o .'^ ° m O u yo d
�.y I ._ o d a d — O a Gil c O Q c d d .� L1 _O c a y c M 1 O �; V .E v, E 1
W o a� o ° s 'C) ° -8 -c 3 s � .o ° � � •d '3 "'� 2,:,-' s Q ° O dJ 3 � � 1 = s7°' d E 0 0,s c 1
X = a d I d 3 s _ 3 N Q .0 L1 >°
o O ° _ i- =0* u 'O oc, a,I d E E 1
W ° c `° d — � a ° d E o � c ) 0 0 0 > c, o o c d 3 0- ' CJ) d E � , O 3 3 3 3 3 3 3 3 ;
a o� • a-o d m w ° Ua E' ° W d E �° U 3 3 3 3 3 3 3 3 3 3
3 o — - w d ? -1 > di O a V � -° . ..c, 5 C -r0 w ° 3 ,2 1 Z 3 3 3 3 3 3 3 3 3 3
Opp `O 0, c a c ,. co W O d 'N i u :° 1 `o c FT *E i T. o < 'o O 1 1 O 2g W 0, N u d c U D` N O U d -O O d d .� d 0 d T. -O O '~ — J >`V• 1 1
s ,o c V x ,o ,o x On C S d N E- p c T 71.-
.� C
Z Li. FE ,LE,' C] _c N d O o o \VI— mod' � U < u o _1 (J) Od o � li
Z a
x O 0 o
!— Z
PI .
cn
Zi 0<i v cJ
40 0H 5"c5e;"1 -51
''''-' ,,,,,,,,,4 in 1 -.0 Cle t c") .L=1 t: Cr: c,)_1.
;,i .� cin.
W O � • f ,s X Z Ra U tr 71 ,t5
4 ts
1 .1 �/ `•rte
U 'i -'4- t.. Q . v VI .4 Ce o
O.
1,-e.--04 e.--m9-_-o9-_°p_-4__-00°__°o_-o®_._4.—°O--4 4._-4 4-__4- °0-_oB--.m O—-°A--O®--BO_._-°G__-°O °p O -4 0°�
Pi ',FIN .;+'2 ..
1 el y
O a) at I..., O A el ,4 M M
¢
II s • N x O■ o
a I:g
°
i; O s w x C
U � el M °O �L- E 11 . N 8, ms P4 M .• in C i m � O p i i
11 ^r 4 v „,,co It co 8 I I
•° _4,.. 0 v s i V Q O Z � °° o � i �d
4 � �4-4 CO a® ° Q 2� it cl C V V) O = M A � � x
a � a 1 aZ 41 0 x A�•0 p •� a
.O g., E, - O ,..
H
soli a
as 1
�° o C= .0 ax O W Q pi
°
° .1.1 al Ux f
,
J
(L o° o°___o°.—_.o° o°._o°—__o°—_0: o°____o°._—_o°____o°__o°_.___o°.___m° o°—_m°—_°a°— mm__em—_°a--°m__.___° _—_°m__°o--° __°m—_° _--°—'I
a) N r•.
�y a cd Q, p -” V U as ,„ •,--, ice, G" Cd S'"-, •r'"+ c� GLI
lei 44 V2 CD ...i 1>= cd d cd by — _ 8 `d °' ^t `d o 2 o o W a v •
0 -•1•1 w Pm* y > a i cd 0.) C/) $, a>
4I 1.131,g11 •
2 s~ W .4 . :p . V a8i .- 8 2
GA L° v- • •by E -- tb a Q, "' 0•
0 el = —1/44
A ,a as , = o i-• w
44 Vl •o cd a�i cd o t�, o 0 0
V 1 o YO cd 0 O bbA .� o c JO ^., v 4 0 •. bA
V� H •� o.. b ,, w 3 "n «i U rs, Q 2 ..t) YU., L5 od o. e d
,-•*> Da *0``,R-•,::,÷,j,,,,,:4,,V4,m-447".4,4r,
cp - 4 c C i a c o o s� • •°c'D
0 0 ., 0 .1.1 cr ,...,'-t o- 4
. c,„ 0 ", - cy. c„ . .ky CD .1. ;`.••• 1--", 0 0.-, v 0
Cilt ' .� 0. ' o n O , CD x Q r� r'� `� A� 11 CD
o �. .t ° " y• c Po "0 o.. cro o v~o o 11
to ° o. CD - o , °p �'CD
'.s' �, ty R �' '_ _ ►,�1 gip•') CD "-• 11. ..� Q
Y * < O O CD CD ..3 p o O 0 o -. m• 0 CD
11-* 0 113 imil
LCD C p 63 r fy CD 't CD CD °
•C IU
ta d i Hi w 6-C; n O r.p O- .--e
n p� � O ' `° .73 (p p O U n i , ¢ w o"?- 5. g n •
uIu
Ii p
CD
E•
o 0 tg ,ts °
g'l-4,'•..-i;-: 7kat'"::,4•' '1-;'D. •"4" u.,' R" (sr, sr E H r)* Pc: a 84. *'.
c,,.. W� i Z Z-, x
y
;?`',Nt",::,14,--0,?:,„-',5'$ til CD 0 'o c B ems ,• o o 0.: c o , , o p ° ¢o o w til t.1
N
CD CD 0 CA
o-i 0
t �` o a ° ~ti ao `°
CD
CD 9 U I O Vo
CD
En
cro
CO
'it-.L- i t) 2
A ir
Central Minnesota Housing Partnership, Inc.
■ ■®■ P.O. Box 2222 • St. Cloud • Minnesota • 56302-2222
DATE: December 12, 2002
TO: Housing&Redevelopment Authorities
County Commissioners
Economic Development Authorities
Community Action Councils
Rural Development Offices
FROM: Sheri Harris, Housing Development Director
RE: HOME Rental Rehabilitation Program Funding Availability
The Central Minnesota Housing Partnership(CMHP) expects to receive approximately
• $700,000 in funding from the Minnesota Housing Finance Agency to administer the
HOME Rental Rehabilitation Program(HRRP). Applications are currently being accepted
for this program at CMHP offices until Frida , Feb . 14 . I I Counties included in the
CMHP's service area include Aitkin,Benton, Carlton, Cass, Chisago, Crow Wing,Isanti,
Kanabec, Mille Lacs, Morrison,Pine, Sherburne, Steams, Todd, and Wright(excluding the
•
St. Cloud area). This program offers rental property owners a deferred loan for the total
project costs to rehabilitate their buildings.Projects that are selected for funding will
require an application fee in order to move ahead. Eligible building improvements include
but are not limited to roofs, siding,windows, major systems updating, floor coverings, and
painting. HRRP funding is available only to properties that meet certain rent limits and
tenant income limits. In addition, projects approved for this program must agree to
maintain rent and income limits for at least five years.
Please pass this information to interested rental property owners and have them contact me
to obtain application materials needed for the February 14th deadline. This information will
be used to evaluate each project through the CMHP's selection criteria process. Owners
will be notified of the status of their project after a review of all applications is completed.
Because of the complex nature of the HRRP,the CMHP will set up a mandatory
orientation session for all selected applicants to continue with the application process. All
deadlines must be adhered to in order to be considered for funding. Applications
postmarked after the deadline stated,will be considered ineligible for 2003 funding. The
information being requested for the February 14'h deadline is only a small portion of the
final application package. Selected applicants will be informed of all the remaining
materials that need to be submitted at the orientation session. The HRRP application
process is very complex and involves a great deal of paperwork. For this reason,the
CMHP is requesting that only owners who are willing to work through this extensive
process apply for funding.
•
PH 320.259.0393 —A MINNESOTA NO e ffiIT CORPORATION—
MN TDD 711 E-MAIL cmhp810 @cloudnet.com
WEB PAGE cmhp.net
FAX 320.259.9590 Equal Opportunity Employer
Reasonable accommodations are available
CMHP SELECTION CRITERIA
• HOME RENTAL REHABILITATION PROGRAM
Factors and Award/Evaluation Criteria
-� Buildings in jeopardy of conversion to market rate 20 points
or losing their subsidy
Long-term affordability requirement of housing units 20 points
Minimum of 10 years of affordability
Rural Development, Tax Credit, &projects
Owned by nonprofit organizations
Community housing need 10 points
Housing study identifying housing need
Economic Growth
4 Number of units in development (more is better) 20 points
2-4 Units- 5 points
5-10 Units— 10 points
11-24 Units— 15 points
25 +Units- 20 points
414 Number of bedrooms per unit (2 or more) 10 points
1 point per two +bedroom units up to 10 points
.4 Cash flow analysis 10 points
Meet/surpass required match
Vacancy Rates under 5%
Cash Match Available
Existing condition of property 10 points
$3,000 - $8,999/unit - 5 points
- $9,000 - $18,000/unit- 10 points
Property built after 1978 10 points
4 5 Bonus Points:
Projects in counties not previously awarded funding in the past two years.
Properties on previous year waiting list.
Automatic Denial:
Owners/property managers that are currently out of HOME compliance, 4D
• compliance or are delinquent with their real estate taxes will automatically be denied
funding until they have brought the property back into compliance.
Housing organizations identify common legislative interests
0 Ann Higgins
At the December meeting of the Finance Agency (MHFA) home- a key tool for affordable housing
Minnesota Association of Local lessness programs put in place in'02, production.MALHFA will also join
Housing Finance Agencies(MALHFA), and finding replacement revenues with Minnesota Chapter of the
representatives of local housing finance, for$250,000 in Temporary Assis- National Association of Housing and
housing and redevelopment officials, tance for Needy Families (TANF) Redevelopment Officials (MN-
the League and Association of Metro- su pp ort that will expire July 1. NAHRO) to propose a statewide
politan Municipalities,as well as • Repealing, or at least extending program to achieve a broader distri-
housing non-profit developers and implementation of,the$100 housing bution of housing financing by
housing advocates,identified common penalty for MFIP recipients who channeling funds directly to local
concerns and interests to pursue with live in federally subsidized units. units of government for affordable
the 2003 Legislature. • Supporting legislation to allow cities housing programs.
Key issues identified by the group to have more opportunities to Housing organizations are also
included: provide affordable housing via a looking at tax-exempt bond alloca-
• Expanding the supply and preserving block grant program to channel tions to finance more production and
existing affordable housing by funds directly to the local level. rehabilitation of affordable housing.
supporting creation of an affordable • Allowing 25 percent of available tax The League,AMM,MALHFA,and
state housing tax credit,expanding increment for project development NAHRO will work with local and
sales tax exemptions for affordable to be used to generate financing for state agency issuers to determine
housing,and increasing state bond- affordable housing. whether changes can be made to
ing resources for development of • Determining whether changes dedicate more of this resource to
affordable housing. should be made in the allocation of housing. In addition,the Minnesota
• Preventing and addressing home- the federal tax-exempt bond Housing Partnership is interested in
lessness by providing a comprehen- allocation for production and pursuing a proposal for a constitutional
• sive response that includes funding
existing homelessness shelter and rehabilitation of affordable housing. amendment that would allow state
MALHFA will pursue legislation general obligation bonds to be used
prevention programs at least at the to remove current restraints on the for privately-owned affordable
'01 level,making up for the 1 percent use of tax increment financing (TIF) housing.r
reduction in Minnesota Housing to allow cities increased use of TIF as
° as LMC Business Associates
MiopaWa f ties
yssact �� For information on becoming an LMC Business
Associate,call Rebecca Erickson at(651)281-1222.
ACS (Affiliated Computer DPRA Incorporated MFRA
Services) Ehlers&Associates, Inc. Paulsen Architects
Advanced Drainage Systems Evensen Dodge Inc. Ratwik, Roszak& Maloney, P.A.
Barna Guzy&Steffen Ltd. Galliard Capital Management, RLK Kuusisto, Ltd.
Black Mountain Software, Inc. Inc. Short Elliott Hendrickson, Inc.
Bolton & Menk, Inc. Hallberg Engineering, Inc. Springsted Incorporated
Bonestroo, Rosene,Anderlik HDR TSP Architects & Engineers
&Associates, Inc. Howard R. Green Company URS Corporation
Briggs and Morgan Kennedy &Graven, Chartered Voyageur Asset Management
CenterPoint Energy Minnegasco Krass Monroe, P.A. Widseth Smith Nolting
Cincinnatus, Inc. Liesch Associates, Inc. Xcel Energy
David Drown Associates LOGIS Yaggy Colby Associates
S
January 15, 2003 Page 9