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The Mounds View Vision <br />A Thriving Desirable Community <br />Item No: 02 & 03 <br />Meeting Date: August 5, 2024 <br />Type of Business Council <br />Worksession <br />City Administrator Review <br /> <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Honorable Mayor and City Council <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: 02 How Ramsey County HRA is Used and Impact of those <br />dollars <br />03 How Ramsey County will Use the New Housing Sales Tax <br />Dollars & What a Partnership with Mounds View Might Look Like <br /> <br />Introduction: <br />Local Affordable Housing Aid helps metropolitan local governments develop and preserve affordable housing <br />within their jurisdictions to keep families from losing housing and to help those experiencing homelessness find <br />housing. Aid will begin in 2024. Funds must be spent by December 31 of the fourth year after the aid was received. <br />Minnesota Housing plans to release a program guide with further details on frequently asked questions and <br />language clarification sometime in 2024. <br />For Agenda Item 02, Ramsey County HRA staff will be present to discuss how they operate, how money is <br />currently being used, and the impact of those dollars. <br />For Agenda Item 03, Ramsey County HRA staff will explain how the HRA will use the new Housing Sales Tax <br />Dollars and what a partnership between the Ramsey County HRA and the City of Mounds View might look like. <br />Discussion: <br />The Council to hear both presentations from the Ramsey County HRA, discuss the new housing sales tax <br />program, discuss the local affordable housing needs, and then determine how to direct the funds into a local <br />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 be released <br />July, 2024. <br /> <br />Recommendation: <br />Staff recommends the City Council discuss and determine how to direct the metro sales tax into a local affordable <br />housing program, then direct staff accordingly. <br /> <br />Respectfully, <br /> Brian Beeman, MPA, CMC <br />Assistant City Administrator <br /> <br />ATTACHMENT(S): <br />1) Staff Report from April 1, 2024 City Council Worksession <br />2) Preliminary Estimate of Aid to be received in 2024 <br />3) 2024 Local Housing Aid Official