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�Z�GP <br /> • <br /> • <br /> • t�■ ::: <br /> ttt •••• <br /> itt[[ saw- <br /> 710./in/l21 <br /> Funding Accounts <br /> The Metropolitan Livable Communities Act(MN Stat. Ch. 473.25) created the Livable Communities <br /> Fund,consisting of three accounts: <br /> ■ The Tax Base Revitalization Account,which provides grants for polluted site cleanup; <br /> ■ The Livable Communities Demonstration Account,designed to fund a variety of community <br /> development projects through loans or grants; and <br /> ■ The Local Housing Incentives Account,which provides grants to help cities work toward <br /> affordable and life cycle housing goals through a voluntary program. <br /> Criteria,by law,for the fund(all three accounts) include: <br /> ■ Helping to change long-term market incentives that adversely impact creation and preservation <br /> of living-wage jobs in the region's fully developed area. <br /> ■ Creating incentives for developing communities to include a full range of housing <br /> opportunities. <br /> ■ Creating incentives to preserve and rehabilitate affordable housing in the fully developed area; <br /> and <br /> ■ Creating incentives for all communities to implement compact and efficient development. <br /> Each of the accounts is described on the following pages. <br /> S <br /> gideline.pm5 8-16-95 <br />