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<br /> Page 1 <br />Housing Replacement Program <br /> <br />(June 2007 revisions) <br />HOUSING DESIGN AND SITE CRITERIA <br /> <br />The Mounds View Economic Development Authority (EDA) established the Housing <br />Replacement Program to reduce the social costs of blight and increase the tax base. The purpose <br />of the program is to replace deteriorating lower value housing on scattered sites throughout the <br />City with larger, higher value housing designed for families. To accomplish this goal, the EDA <br />The program promotes these goals through two different mechanisms—providing <br />demolition assistance to remove sub-standard, blighted and distressed properties, and <br />acquisition of purchases substandard, blighted or distressed homes. In either case, the subject <br />property is demolished and a new, larger, higher-value home is constructed in its place. <br />demolishes the home and sells the lot to a prospective buyers for redevelopment. This The <br />program will assist in eliminating the blighting influence of substandard housing and increase <br />increasing the availability of quality housing for families. <br /> <br /> <br />1. General <br /> <br />a. b. The developer must enter into a Contract for Private Development with the EDA <br />which will specify design, set site criteria and establish value based upon new <br />home construction in the surrounding area. <br /> <br />b. a. The builder developer must be a licensed contractor. All sub-contractors must <br />also be licensed. Homeowner sweat-equity labor on interior finishes may be <br />permitted. <br /> <br />c. Home design must comply with all federal, state and local building codes. <br /> <br />d. The house must be able to be built within six (6) months from the time the <br />Contract for Private Development is executed. An extension may be granted with <br />the permission of the EDA. <br /> <br />e. Each home must be single-family, owner occupied. <br /> <br /> <br />2. Building Standards <br /> <br />a. All building plans must have been prepared in consultation with an a licensed <br />Architect or Architectural Designer with a minimum two year technical degree. <br />Housing design is a critical concern. <br /> <br />b. A minimum of three finished bedrooms is required. <br /> <br />c. Two full bathrooms are required preferred. A home design with 1½ baths will be <br />considered. <br /> <br />EXHIBIT A