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3.Housing Stability: Enhancing housing stability for residents by investing in initiatives that <br />promote long-term residency and community engagement. <br />Allocation and Distribution: <br />The sales tax revenue is strategically allocated to housing-related programs and developments. <br />Cities have the flexibility to tailor their housing initiatives based on local needs, ensuring that funds <br />are directed towards the most impactful projects. Distribution mechanisms are designed to support <br />a variety of housing solutions, reflecting the diverse requirements of communities across <br />Minnesota. <br />Community Impact: <br />By leveraging the 0.25% sales tax for housing, cities can significantly impact their communities <br />by: <br />1.Creating Affordable Housing Opportunities: Supporting the construction and <br />preservation of affordable housing units, promoting economic diversity. <br />2.Preventing Homelessness: Implementing proactive measures to prevent and address <br />homelessness through targeted programs and support services. <br />3.Fostering Housing Stability: Enhancing the overall stability of housing options, <br />contributing to community resilience and well-being. <br />Conclusion: <br />The Minnesota 0.25% sales tax for housing initiatives serves as a vital tool for cities to proactively <br />address housing challenges. By strategically allocating these funds, communities can make <br />meaningful contributions to affordable housing, homelessness prevention, and overall housing <br />stability. This report emphasizes the importance of continued support for this dedicated sales tax <br />as a catalyst for creating thriving, equitable, and resilient communities across the state. <br />City staff will be working towards implementing next steps that align with the goals of the sales <br />tax and the housing needs of Little Canada. <br />RECOMMENDED ACTION <br />To review and discuss the Metro Area Sales and Use Tax for Housing 0.25% and consider uses <br />for this funding.