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Comprehensive Guide Plan -Housing Element City of Mounds View • Mounds View has taken advantage of for the residents. Low Income Housing Tax Credits: The City of Mounds View in cooperation with Common Bond Communities applied for and received low income housing tax credits to assist in the construction of Silver Lake Pointe, an 83 unit senior housing complex. Eight of the units are offered at fair market values, the others are offered at a reduced rent. (The complex has been completely filled since being built in 1995.) Section 202: The city also has a Section 202 elderly/handicapped building with 40 units known as Wildwood Manor. The building was built in 1983 and continues to be fully occupied. Housing Maintenance,Rehabilitation and Redevelopment Because Mounds View is a fully developed suburb with aging housing stock and lower income levels, the biggest concern is maintenance,rehabilitation and redevelopment. This is the area in which the City is providing or promoting the most. Listed below are programs offered to Mounds View residents in 1996. Ramsey County Rental Rehabilitation Program: Ramsey County offers a rental rehabilitation program using Community Development Block Grant(CDBG) funding. The program is • administered by the St. Paul Planning and Economic Development Department. They receive funding once a year from Ramsey County. Each year,the City of Mounds View sends a letter to all rental property owners in the city to market the loan program. (The city receives moderate response to the Rental Rehab Loan Program) Ramsey Co Deferre Loan P gam: Ramsey County offers a deferred loan program for single-family, owner occupied dwellings. This program is also funded with CDBG funds. The city has received good response over the years. The City promotes the program through the City Newsletter. Home Energy Loans: Ramsey County distributes funding to the Energy and Environmental Resource Center for Home Energy Loans. This program is promoted on a periodic basis. Tax Increment Financing (TIFl: The City of Mounds View created a Housing Replacement program using TIF. The purpose of this program is to purchase homes that are dilapidated, blighted, undersized and undervalued as compared to the neighborhood. The homes are then demolished and the land resold to a builder or developer for the construction of a new home. Housing Maintenance Code: The City of Mounds View has had a Housing Maintenance Code since 1974. The code has been amended from time to time to provide a stronger enforcement • Page 4