09-13-1995 Council Agenda - Laserfiche WebLink

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Suaek LIVABLE COMMUNITIES DEMONSTRATION PROGRAM GUIDELINES AND CRITERIA August 1995 Program Summary: The Metropolitan Livable Communities Act (Minn. Stat. Ch. 473.25) authorizes the Metropolitan Council to establish the Livable Communities Demonstration Account, and make grants or loans for community development activities to municipalities participating in the Local Housing Incen- tives Program (Ch. 473.254) or to metropolitan area counties on behalf of participating cities. Purpose: The Act states that the Account may be used for projects that: 1) link development or redevelopment with transit, 2) link affordable housing with employment growth areas, 3) intensify land use that leads to more compact development or redevelopment, 4) involve development or redevelopment that mixes incomes of residents in housing, including introducing higher value housing in lower income areas to achieve a mix of housing opportunities, or 5) encourage public infrastructure investments which connect urban neighborhoods and suburban communities, attract private sector redevelopment investment in commercial and residential properties adjacent to the public improvement, and provide project area residents with expanded opportunities for private sector employment. Amount of Funds Available: Approximately $4.6 million will be available in 1996, and $4.1 million in 1997 and subsequent years. Form of Award: Grants and loans. Grant and loan amounts and terms: To be determined. Eligible Applicants: Municipalities participating in the local housing incentives program. Location of Eligible Projects: Projects must be located in municipalities participating in the local housing incentives program. Eligible Uses of Grant and Loan Funds: Community development projects that meet the purposes of the account (as described above), and support the housing goals, principles for livable communities, or Page 114