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

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• Page 5 resources through state, county or federal programs. This is a service that the City staff will continue to provide as long as these funding sources and programs remain viable. The sources of information regarding financial assistance programs for housing rehabilitation activities for either individual homeowners or City initiated renovation projects that the City staff has available upon request include the following: • Department of Energy Fuel Assistance and Weatherization programs. • Housing Rehabilitation Deferred Loans (CDBG funds). • Minnesota Housing Finance Agency (MHFA). Housing Rehabilitation Program First Time Home Buyer Program • Purchase Plus Program • Livable Communities Demonstration Account THE CITY'S HRA FUNDS: Residential Lot Redevelopment Through the City's HRA Funds. The City of St. Anthony is committed to promoting and encouraging rehabilitation of its housing stock. As part of this commitment, the City established an HRA as authorized by the Minnesota Statutes (Section 469.012) to assist with the acquisition of blighted properties for redevelopment. The HRA is funded by money received as the result of the City's TIF districts. With these funds, the City is able to redevelop one or two blighted properties a year. HRA funding amount varies depending on the scope of the project. Since 1994, the City through its HRA acquired and demolished two substandard residential properties along Silver Lake Road, replacing them with single family residences. Both were eventually sold, one for $90,000 and the other for $125,000, to families with young children. The City has targeted several residential parcels throughout the City for redevelopment to either multi-family or single family dwellings. • This spring, two multi-family developments, with assistance provided by the City's