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STAFF REPORT <br /> PAGE TWO <br /> SEPTEMBER 28, 1995 <br /> The Local Housing Incentives Account authorizes the Metropolitan Council <br /> meet negotiated affordable and life-cycle housing to make grants to <br /> the policies of the Metropolitan Council. Cities can use this fundingto <br /> goals that are consistent with and promote <br /> including acquisition, rehabilitation and construction of meet housing <br /> housing. permanent affordable and life cycles <br /> By December 15, 1995, each city must submit goals established-ill-cooperation <br /> Metropolitan-Council. In order to establish goals, the Met Councilus with the <br /> guidelines. I have attached the "Draft Housing Goals Agreement" which given es the some <br /> percentages. The "City Index" column describes the amount Mounds View is currently <br /> providing for affordable housing. The `Benchmark" column shows what we <br /> providing. The table states that 89% of our homeowners have homes valued should be <br /> ,0 <br /> below which is considered affordable. Byat $115,000 or <br /> Met Council has determin comparing cities of similar size and location, the <br /> ed that 69 - 87% of housing should be affordable. We are well <br /> ete our benchmark. <br /> The Livable Communities Act was created to take a proactive approach at making <br /> communities livable. The three funding sources that they have established could <br /> P <br /> City of Mounds View in creating housing programs for our citizens. Attachedhelp the <br /> No. 4823 supporting the Livable Communities Act and statingthe Ci Mod View <br /> be a participant, City of Mounds View will <br />