CC RES 96-044 RESOLUTION ASOPTING A FIVE YEAR HOUSING PLAN FOR THE CITY OF ST. ANTHONY

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• Page 4 The remaining portions of this document discusses activities that the City will be involved in so that affordable and life-cycle housing goals and objectives can be accomplished. It is presumed that the private sector will provide for the development of upper scale housing based on the current market rates. ST. ANTHONY VILLAGE ACTION PLAN NARRATIVE FOR THE YEARS 1996 - 2000 The following narrative describes in detail those activities that the City will undertake in an effort to achieve the affordable and life-cycle housing. Several of these efforts will be on-going and therefore without a determinable time line. For example, once a property has been identified by the City's Housing and Redevelopment Authority (HRA) as one that will qualify for City assistance, the time line for its redevelopment will be nebulous until a developer becomes committed to the project. A time line can then be established contractually between the HRA and the developer. Under the guidelines of the City's HRA, the developer usually has six months to one year to complete the proposed project. • HOME OWNERSHIP: b Rehabilitation Programs for Single Family Homes. • CDBG Funds. The City recently joined with other smaller municipalities of Hennepin County to pool funds that in the past were allocated individually to each city within Hennepin County. These allocated funds usually proved to be too little to be of use in the provision of much housing rehabilitation activity. As a result of participating in the "Urban County" program, St. Anthony has the opportunity to access through a granting process, a larger amount of CDBG funds. The City of St. Anthony would propose as part of this action plan to encourage the use of CDBG funds only for projects that would support its affordable and life-cycle housing goals. Ramsey County is also designated as an Urban County for the purposes of allocating CDBG funds. Because a portion of St. Anthony extends into Ramsey County, the City will also have the opportunity to access CDBG funds for affordable and life-cycling housing in that portion of the City in Ramsey County. For several years, St. Anthony has not actively participated in other financial assistance programs for homeowners. However, when a resident has • contacted the City regarding the availability of assistance for their particular housing need, staff have provided current information about available