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METROPOLITAN COUNCIL Mears Park centre, 230 East Fifth Street, St. Pau(, MN. 55101 -612 291 -6359 <br />February 24, 1989 <br />Mr. Joseph Chlebeck <br />Clerk- Treasurer <br />City of Little Canada <br />515 Little Canada Road <br />St. Paul, MN 55117 <br />Dear Mr. Chlebeck: <br />Minnesota Housing Finance Agency (1llJFA) has offered Metro PIRA an opportunity to <br />participate in a new Revolving Loan Program, in addition to the Rehabilitation <br />Loan Program already being administered by Metro HRA. The Revolving Loan <br />Program provides 3% loans to low income homeowners for housing improvements <br />directly affecting the safety, habitability, energy efficiency and <br />accessibility of their homes. The program was created to assist households <br />which are not eligible for the necessary assistance through other state and <br />federal programs. Metro HRA would propose to administer this new program in <br />Ramsey County communities (except St. Paul). <br />In order for Metro HRA to administer this new program in your community, we <br />will need a resolution authorizing your participation in the program. I have <br />enclosed a sample resolution for your consideration. Also enclosed is a <br />summary of the program. We would appreciate your consideration of this program <br />at the earliest possible Council meeting. <br />If you have questions or if Metro HRA can be of any assistance, please call <br />Kathy Fox at 291 -6600. <br />Thomas C. McElveen <br />Division Manager <br />TCM /jmb <br />enclosures <br />Page 21 <br />