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/oy <br /> A number of programs provide renter assistance and below-market-rate home mortgage <br /> programs. Some involve little or no administration or oversight by the city, although most <br /> • require a city's consent. Categories of programs and examples are: <br /> ► Rent assistance programs such as HUD's Section 8 certificate or voucher programs <br /> administered by Metro HRA, or city or county HRAs. <br /> ► Homeless prevention and emergency assistance programs available through HUD and <br /> MHFA <br /> ► Mortgage assistance and below-market-rate home mortgage loans through MHFA and <br /> HRAs through local lending institutions. <br /> Housing Development Programs <br /> The action plan may set forth specific new construction or housing rehabilitation efforts to <br /> expand the community's stock of affordable rental housing. <br /> A limited number of tools are available to support the construction or rehabilitation of <br /> low- and moderate-income housing. These programs include the following: <br /> ► New construction, or acquisition and rehabilitation programs to produce or <br /> preserve affordable rental housing. Examples include HUD's HOME funds and <br /> various MHFA programs. <br /> • Low-income tax credit and mortgagelbridge loan programs. <br /> ► Low-income public housing funds for the construction or acquisition of public <br /> housing units available as a result of the 1995 Holtman settlement. <br /> ► F'=-time home buyer programs through MHFA and local HRAs through <br /> participating local lenders. <br /> Housing Maintenance, Rehabilitation and Redevelopment Programs <br /> A variety of programs are available to address maintenance, rehabilitation and <br /> redevelopment. The action plan may identify any or all of a number of potential local <br /> efforts including, but not limited to, the following: <br /> ► Adoption and enforcement of a local housing maintenance code. <br /> Rental rehabilitation, mortgage assistance and federal income tax credit programs <br /> aimed at preserving and improving rental housing. Available through MHFA <br /> ► Home ownership rehabilitation, home improvement and energy-efficiency local <br /> programs. Available through MHFA- <br /> Initiatives <br /> HFAInitiatives for housing rehabilitation programs, funded locally or through CDBG <br /> funds. Several local HRAs administer such programs. <br /> Local Initiatives <br /> • Though considerably more restricted than in the past, state and federal laws permit local <br /> governments to implement fiscal initiatives to generate capital to assist development or <br /> redevelopment of low-cost housing. The action plan should include the communities <br /> 3 <br />