08-28-1996 Council Agenda - Laserfiche WebLink

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ItMetropolitan Council Working for the Region, Planning for the Future c.:..J j::. :i ri / Lutvj DATE: August 8, 1996 TO: Communities Participating in the e Communities Act in 1996 FROM: Thomas C. McElveen, Deputy Direct SUBJECT: Certification of the Affordable and Life -cycle Housing Opportunities Amount - ALHOA Metropolitan Livable Communities Act The Livable Communities Act of 1995 (LCA) requires that the Metropolitan Council annually notify every municipality in the region of its affordable and life -cycle housing opportunities. amount (ALHOA) for the foliovving year. The ALHOA is an amount of expenditure by the community to support, or assist the development of affordable and life -cycle housing or maintain existing affordable and life -cycle housing. Expenditure of the ALHOA is required of communities that want to compete for access to over $11.0 million available annually through the LCA's three funding accounts. The ALHOA is derived from the formula prescribed in the law involving market value, tax capacity, and tax rates provided to the Metropolitan Council annually by the county assessor. There are a number of sources of local financial contribution that can be counted as an ALHOA expenditure. Some examples include — local financial contributions to housing assistance, development or rehabilitation programs, the use of CDBG monies for housing activities or a tax levy to support a local or county HRA. The 1997 ALHOA for your community is the amount found in the shaded column on the enclosed ALHOA notification. As required by law, beginning in 1998, the Metropolitan Council must annually determine whether participating communities have expended this ALHOA during the previous calendar year. If not, the community may be required to distribute this ALHOA to the Housing Incentive Account or to their local or county HRA. If you_want to continue to participate in the LCA for 1997, you must inform the Metropolitan Council of your intention to do so prior to November 15. For your convenience, a model resolution regarding 1997 is enclosed. If you have any questions about the ALHOA, please call Guy Peterson at 291 -6418. If you have questions about participation in the LCA in 1997, please call the Metropolitan Council sector representative for your community as listed below: Anoka, Washington, and Ramsey Counties Dakota, Carver and Scott Counties Hennepin County Minneapolis and St. Paul U: \KRUGER'PETERSON\NPART. DOC Dick Thompson Carl Schenk Tom Caswell Guy Peterson 291 -6457 291 -6410 291 -6319 291 -6418 230 East Fifth Street St. Paul. Minnesota 55101 -1634 Page 102 TDD /1TY 291 -0904 Metro Into Line 229-3780