Laserfiche WebLink
2008 Mounds View Comprehensive Plan <br />________________________________________________________________________ <br /> <br />Chapter 4: Housing <br /> <br /> <br />4-22 <br />HOUSING IMPLEMENTATION PROGRAM <br /> <br />The Metropolitan Council is forecasting that Mounds View will have a minimal population growth <br />of about 660 people between 2000 and 2030. Between 2011 and 2020, the Metropolitan Council has <br />set the need for new affordable housing units in Mounds View at 81 additional units. While the City <br />is not required to construct and finance these units, the Metropolitan Council requires the City to <br />demonstrate in this plan that there is land designated to accommodate the units. The future land use <br />map shows 33 acres of land designated as Mixed Use-PUD. The City has guided these parcels for <br />future redevelopment, which could include higher density residential uses. <br /> <br />Mounds View has or could use the following housing programs to address housing needs in the city. <br /> <br />Affordable Housing Assistance <br /> <br />The following programs are offered to Mounds View residents to provide renter assistance and <br />below-market rate home mortgages. <br /> <br />Section 8 Vouchers: In 2008, 57 families received Section 8 rental assistance vouchers. <br /> <br />Minnesota Cities Participation Program: The Minnesota Housing Finance Agency (MHFA) offers <br />low-interest mortgage programs to assist low to moderate income families in securing a mortgage for <br />their first home. The City of Mounds View participated in 1995-1997, and began again in 2000. <br /> <br />Rondo Community Land Trust: Homebuyer Initiated Program (HIP): program with two grants <br />available to low and moderate income buyers – up to $25,000 to lower the purchase price or to <br />reduce closing and down payment costs. There also are grants of up to $25,000 for housing rehab – <br />improving mechanical systems, insulation, and correcting code issues. <br /> <br />Housing Developments <br /> <br />The following are programs used in Mounds View that have expanded the city’s stock of affordable <br />housing through new construction or rehabilitation. <br /> <br />Hollman Units/Low Income Housing Tax Credits: Silver Lake Commons - constructed 10 <br />townhouse units and rehabilitated 40 apartment units. There also are 10 Hollman units in this <br />project. <br /> <br />The Metropolitan Council established the Family Affordable Housing Program (FAHP) to assist the <br />Minneapolis Public Housing Authority in meeting the housing replacement provisions of the 1995 <br />Hollman consent decree. This decree provided for the demolition of certain public housing units in <br />Minneapolis and made federal funding available for the development of 770 replacement housing