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The Mounds View Vision <br />A Thriving Desirable Community <br />Discussion: <br />The Council to discuss the new program, local affordable housing needs, then determine how to direct <br />the funds into a local affordable housing program. <br /> <br />Strategic Plan Strategy/Goal: <br />Ensure the attraction of affordable housing opportunities across all demographics. <br /> <br />Financial Impact: <br />The Estimated Local Affordable Housing Aid to be distributed in 2024 is $129,940. Final amounts will <br />be released July, 2024. <br /> <br />Recommendation: <br />Staff recommends the City Council discuss and determine how to direct the metro sales tax into a local <br />affordable housing program, then direct staff accordingly. <br /> <br />Respectfully, <br /> Brian Beeman, MPA, CMC <br />Assistant City Administrator <br /> <br />ATTACHMENT(S): <br />1) Preliminary Estimate of Aid to be received in 2024