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Proposed Priority Use of Ramsey County CDBG /HOME Funds for FY2002 <br />Housing <br />> This includes: <br />• Rehabilitation of Owner - Occupied Single Family Houses (including energy efficiency <br />improvements) <br />> Homeownership for First Time Homebuyers who are low to moderate income <br />> Rehabilitation of Rental Property Large and Small <br />➢ Removal of Dilapidated Structures (single family homes, commercial buildings, both <br />require eligible re -use of the property, limited to benefiting low and moderate income <br />persons.) <br />> New Affordable Housing Construction — Families and Seniors <br />i (may include multifamily, townhouses, assisted living and acquisition of land for <br />low- income single family home ownership) <br />> Rehabilitation loans for eligible Condominium and Townhome developments. <br />> Land Trusts <br />Neighborhood Revitalization <br />(combination of eligible activities) <br />Note: due to the statutory restrictions on the use of CDBG /HOME funds, not all projects <br />in these categories are eligible. This category is narrowly focused to direct re -use <br />benefiting low and moderate income persons <br />> This may include Mobile Home Park preservation <br />Infrastructure Improvements <br />(limited to eligible low /mod areas) <br />Job Creation <br />May include business loans to purchase equipment /machinery, acquisition of land for <br />business /industry, commercial building rehab. All business loans must create head of <br />household jobs, at least half of which must be made available to low and moderate <br />income households. <br />C: \WINDOWS \TEMP \Proposed Pdodty FY2002.doc <br />