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3/12/2012 EDA Meeting <br />Item 7A – CDBG Application <br />Page 2 of 2 <br /> <br />Discussion <br /> <br />In order to improve the City of Mounds View’s housing stock and provide affordable <br />housing for low-to-moderate income families in Mounds View, City staff is proposing to <br />apply to Ramsey County for CDBG funds to acquire two single-family properties; then <br />demolish the structures. If the City is awarded the CDBG funds, City staff is proposing to <br />donate the vacant lots to Twin Cities Habitat for Humanity, so that Habitat could build new <br />homes through their Homeownership Program. <br /> <br />Recommendation <br /> <br />Staff recommends the EDA approve the attached Resolution12-EDA-269, Approving <br />Application to Ramsey County for a Community Development Block Grant to Fund the <br />Acquisition, Demolition and Replacement of Two Single-Family Blighted Vacant/Foreclosed <br />Homes in Mounds View. <br /> <br />Respectfully submitted, <br /> Heidi Steinmetz, Economic Development Specialist <br />