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Aita.ri <br />o <br />300 Metro Square Building, 7th Street and Robert Street, Saint Paul, Minnesota 55101 Area 612, 291 -6359 <br />May 14, 1981 <br />TO: Metro HRA Participating Communities <br />RE: Moderate Rehabilitation Program <br />The Metropolitan Council Housing and Redevelopment <br />Authority announces the availability of its Section 8 <br />Moderate Rehabilitation Program to assist rental property <br />owners and low -and moderate - income renters in Metropolitan <br />Area communities. <br />The Moderate Rehabilitation Program is designed to: <br />Rehabilitate private rental units which are now <br />substandard or have major building components <br />in need of repair or replacement; <br />Provide rental income to a property owner that <br />will repay rehabilitation costs, meet monthly <br />operating expenses and allow a reasonable profit <br />on property investment; and <br />Provide rental subsidies to low -and moderate- income <br />families and elderly, handicapped and disabled <br />persons living in the rehabilitated units. <br />Metro HRA invites your community to participate in the <br />Section 8 Moderate Rehabilitation Program. By authorizing <br />implementation of the program, your community can: <br />- Improve local rental housing stock. <br />- Achieve low -and moderate - income subsidized housing <br />goals in your Housing Allocation Plan. <br />- Provide low -and moderate - income housing opportunities <br />consistent with your local comprehensive plan. <br />45 <br />An Agency Created to Coordinate the Planning and Development of the Twin Cities Metropolitan Area Comprising: <br />Anoka County 0 Carver County 0 Dakota County 0 Hennepin County 0 Ramsey County 0 Scott County 0 Washington County <br />