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10-13-1998 EDA
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10-13-1998 EDA
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Last modified
1/29/2025 9:16:23 AM
Creation date
6/15/2018 6:56:22 AM
Metadata
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
10/13/1998
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
10/13/1998
EDA Document Type
Council Packets
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--- �• +�L •� �� tits. ont,vnt iuiY mull. rHA NU. 611384(1 ( p, 06 <br /> • M <br /> J. Consistency with Community Plans <br /> This proposal is consistent with the Comprehensive Plan. <br /> K. Consistent with Metropolitan Housing Implementation Group Joint Selection Criteria <br /> All of the units in this project will be affordable to and rented to individuals with incomes <br /> at or below 30% of the area median, well below the required 50%. <br /> • This project is consistent with the HUD Continuum of Care plan. <br /> This project will promote economic integration by providing housing for very Iow income <br /> homeless families within the relatively affluent suburb of Mounds View. <br /> The project will lever a significant amount of private and local government funding <br /> including owner equity and foundation funding. HUD HOPWA funding has already been <br /> committed to this project. <br /> The project rents will be affordable over the long term. <br /> Half of the units in this development will serve larger families with children (3 bedroom <br /> units). The project serves persons with special needs and is not restricted to certain age4111 <br /> groups. <br /> • <br />
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