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Comprehensive Guide Plan m Housing Element <br />City of Mounds View <br />Mounds View has taken advantage of for the residents. <br />Low Income Housing Tax Credits: The City of Mounds View in cooperation with Common <br />Bond Communities applied for and received low income housing tax credits to assist in the <br />construction of Silver Lake Pointe, an 83 unit senior housing complex. Eight of the units are <br />offered at fair market values, the others are offered at a reduced rent. (The complex has been <br />completely filled since being built in 1995.) <br />Section 202: The city also has a Section 202 elderly/handicapped building with 40 units known <br />as Wildwood Manor. The building was built in 1983 and continues to be fully occupied. <br />Housing Maintenance, Rehabilitation and Redevelopment <br />Because Mounds View is a fully developed suburb with aging housing stock and lower income <br />levels, the biggest concern is maintenance, rehabilitation and redevelopment. This is the area in <br />which the City is providing or promoting the most. Listed below are programs offered to <br />Mounds View residents in 1996. <br />Ramsey County Rental Rehabilitation Program: Ramsey County offers a rental rehabilitation <br />program using Community Development Block Grant (CDBG) funding. The program is <br />administered by the St. Paul Planning and Economic Development Department. They receive <br />funding once a year from Ramsey County. Each year, the City of Mounds View sends a letter to <br />all rental property owners in the city to market the loan program. (The city receives moderate <br />response to the Rental Rehab Loan Program) <br />Ramsey County Deferred Loan Program: Ramsey County offers a deferred loan program for <br />single - family, owner occupied dwellings. This program is also funded with CDBG funds. The <br />city has received good response over the years. The City promotes the program through the City <br />Newsletter. <br />Home Energy Loans: Ramsey County distributes funding to the Energy and Environmental <br />Resource Center for Home Energy Loans. This program is promoted on a periodic basis. <br />Tax Increment Financing (TIF): The City of Mounds View created a Housing Replacement <br />program using TIF. The purpose of this program is to purchase homes that are dilapidated, <br />blighted, undersized and undervalued as compared to the neighborhood. The homes are then <br />demolished and the land resold to a builder or developer for the construction of a new home. <br />Housing Maintenance Code: The City of Mounds View has had a Housing Maintenance Code <br />since 1974. The code has been amended from time to time to provide a stronger enforcement <br />Page 4 <br />