08/23/2010 Council Packet - Laserfiche WebLink

Home Search

program. Municipalities that elect not to participate in the LCA are not eligible for these grants, nor are they eligible to apply for funds under the Department of Employment and Economic Development's polluted sites clean -up program. In addition, the Metropolitan Council is required by the LCA to consider a municipality's participation in the LCA when making other discretionary funding decisions. Tax Base Revitalization Account (TBRA): This fund helps cities clean up contaminated urban land for subsequent commercial and industrial development, thus restoring tax base and jobs near existing housing and services. This program is conducted in coordination with the Minnesota Department of Employment and Economic Development. Livable Communities Demonstration Account (LCDA): This account funds development and redevelopment projects with development patterns that link housing, jobs and services, and that maximize the development potential of existing infrastructure and regional facilities. There are two grant categories. Development grants provide funding for basic public infrastructure and site assembly. Pre - Development grants assist with activities such as detailed redevelopment designs and economic feasibility analyses to prepare projects to compete for grants in the Development category. Local Housing Incentive Account (LHIA): This fund helps expand lifecycle and affordable housing development and preservation in the region. Grants awarded from this account must be matched by the recipient community with local dollars for affordable housing activities. Grants may be used for costs associated with projects that help municipalities meet their negotiated LCA housing goals. Inclusionary Housing Account (I-IA): This fund supported affordable housing developments in which the reduction of local controls and regulations resulted in reduced development costs. It was funded in 1999 by a one -time legislative appropriation from which 11 grants totaling $4.2 million were awarded to 8 communities. The account is currently unfunded. Lino Lakes has benefited from the following LCA grants: 1997 $220,000 Livable Communities Demonstration Account grant for the master plan of the Village area, including a market analysis and the design guidelines that were adopted with the approval of the Legacy at Woods Edge. 2000 $450,000 Livable Communities Demonstration Account grant for land write down and infrastructure improvements to support mixed income housing components in Legacy at Woods Edge 2004 $225,000 Local Housing Incentives Grant to fill financing gap for Lakewood Apartments in Legacy at Woods Edge 2004 $750,000 Livable Communities Demonstration Account grant for $750,000 for land write down and infrastructure improvements for Legacy at Woods Edge total $1,645,000 • • • •