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Section 8 Voucher and Certificates: The Metropolitan HRA administers the Section 8 program <br /> III in the City of Mounds View. Approximately 40 families are using Section 8 vouchers or <br /> certificates within Mounds View. <br /> Minnesota Cities Participation Program: The Minnesota Housing Finance Agency offers low- <br /> interest mortgage programs to cities state wide to assist low to moderate income families in <br /> securing a mortgage for their first home. The City of Mounds View has participated in this <br /> program for the past two years. The first year we assisted four families in purchasing homes with <br /> values under $95,000 in the Mounds View. This year we have assisted one family and have until <br /> October 18, 1996, to use the rest of our funds. <br /> Housing Developments <br /> Listed below are programs that expand or preserve the community's stock of affordable housing <br /> through new construction or rehabilitation. The specific programs listed below are those that <br /> Mounds View is or has taken advantage of for our residents. <br /> Low Income Housing Tax Credits: The City of Mounds View in cooperation with <br /> CommonBond Communities applied for a received low income housing tax credits to assist in the <br /> construction of a 83.unit senior housing complex. Eight of the 83 units are offered at fair market <br /> value the others are offered at a set reduced rent. The project was completed in August, 1995, <br /> and has no vacancies. In fact, there is a waiting list. <br /> IIISection 202: We also have a Section 202 elderly/handicapped building with 40 units. This <br /> building was built in 1983 and continues to be fully occupied and currently has a three year <br /> waiting list. <br /> Housing Maintenance, Rehabilitation, and Redevelopment <br /> Because Mounds View is a fully developed suburb with aging housing stock and lower income <br /> levels , our biggest concern is maintenance, rehabilitation and redevelopment. This is the area in <br /> which we are providing or promoting the most. List below are the program that Mounds View <br /> currently has. <br /> Ramsey County Rental Rehab Program: Ramsey County offers a rental rehabilitation program <br /> using Community Development Block Grant funding. The program is administered by the St. <br /> Paul Planning and Economic Development Department. They receive funding once a year from <br /> Ramsey County. Each year, the City of Mounds View sends a letter to all property owners in the <br /> City. Last year three duplexes received approximately $150,000 to do substantial rehabilitation to <br /> their buildings. <br /> Ramsey County Deferred Loan Program: Ramsey County, also, offers a deferred loan program <br /> for single-family, owner occupied dwellings. This program is also funded with CDBG. Again, we <br /> 0 11 <br />