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CC PACKET 10101995
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CC PACKET 10101995
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12/30/2015 6:26:04 PM
Creation date
12/30/2015 6:25:59 PM
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SP Box #
22
SP Folder Name
CC PACKETS 1994-1998
SP Name
CC PACKET 10101995
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No. A municipality is not participating in the Local Housing Incentives Account Program unless two <br /> conditions have been met: <br /> • <br /> a. The municipality has elected to participate in the program; and <br /> b. The Metropolitan Council and the municipality have negotiated and agreed on affordable <br /> and life-cycle housing goals for the municipality. <br /> If the municipality and the Metropolitan Council do not successfully negotiate housing goals, your <br /> municipality may not participate in the Local Housing Incentives Account Program. <br /> 9. Must my municipality participate in the Local Housing Incentives Account Program? <br /> No. Participation in the program is voluntary, but a municipality that does not participate may at some <br /> later time elect to participate in the program. However, a municipality which later elects to participate <br /> must establish that it has spent or agrees to spend on affordable and life-cycle housing an amount <br /> equivalent to what it would have spent on affordable and life-cycle housing had goals been established <br /> for the period in which the municipality was not participating. <br /> 10. If my municipality has met its housing goals in the previous calendar year, may my munici- <br /> pality participate in the Local Housing Incentives Account Program? <br /> Yes. However, your municipality will not be eligible to receive grants from the Local Housing Incentives <br /> Account Program if it met its aff`ordable and life-cycle housing goals. Your municipality still will be <br /> eligible for grants and loans under the Livable Communities Demonstration Account and Tax Base <br /> Revitalization Account programs. <br /> 11. What if my municipality chooses not to participate in the Local Housing incentives Ac- <br /> count Program? <br /> Municipalities that elect not to participate in the Local Housing Incentives Account Program are not <br /> eligible to participate in the Tax Base Revitalization Account and Livable Communities Demonstration <br /> Account programs under the Act. The Metropolitan Council is required by the Act to take into account <br /> your municipality's participation in the Local Housing Incentives Account Program when making <br /> • discretionaryfunding decisions. In addition, your municipality will not be eligible to apply for funds <br /> under the Department of Trade and Economic Development's polluted sites clean-up program if your <br />
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