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DRAFT SAINT ANTHONY PROGRAM PARAMETERS
<br />The MCES program guidelines are attached to this memo for reference, and based on those guidelines, staff
<br />discussed possible parameters for a city program, and identified the initial, draft criteria:
<br />City will accept applications for 30 days, May 1 - May 31, 2024
<br />Owner Occupied properties eligible
<br />Prioritize applications meeting equity criteria
<br />o Verify income with 2023 Federal tax return
<br />To include an equity criteria for the program, staff used the income limits utilized by the Metropolitan Council,
<br />which are based on the Federal Housing of Urban Development (HUD) limits. Then graduated the maximum
<br />assistance based on those limits as presented below:
<br />FY 2023 Income Limits Summary
<br />FY 2023 Income Limit Area
<br />Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
<br />Median Family Income
<br />$124,900
<br />Persons in Family
<br />FY 2023 Income Limit Category 1 2 3 4 5 6 7 8
<br />Extremely Low Income Limits ($) $ 26,100 $ 29,800 $ 33,550 $ 37,250 $ 40,250 $ 43,250 $ 46,200 $ 50,560
<br />Very Low (50%) Income Limits ($) $ 43,500 $ 49,700 $ 55,900 $ 62,100 $ 67,100 $ 72,050 $ 77,050 $ 82,000
<br />Low (80%) Income Limits ($) $ 66,300 $ 75,750 $ 85,200 $ 94,650 $ 102,250 $ 109,800 $ 117,400 $ 124,950
<br />Grant awards may be 50% of eligible costs up to $5,000. For private property owners meeting their municipality’s equity
<br />criterion, the grant award may increase up to $10,000.
<br />Persons in Family
<br />Reimbursement $ Max 1 2 3 4 5 6 7 8+
<br />Extremely Low Income $ 8,600 $ 8,800 $ 9,000 $ 9,200 $ 9,400 $ 9,600 $ 9,800 $ 10,000
<br />Very Low (50%) Income $ 7,000 $ 7,200 $ 7,400 $ 7,600 $ 7,800 $ 8,000 $ 8,200 $ 8,400
<br />Low (80%) Income $ 5,400 $ 5,600 $ 5,800 $ 6,000 $ 6,200 $ 6,400 $ 6,600 $ 6,800
<br />DISCUSSION ITEMS FOR COUNCIL FEEDBACK
<br />Below are the specific items for discussion and feedback for the City Council:
<br />Does the Council wish to make application from the city to seek funds to offer a grant program to
<br />eligible residents?
<br />If so, what parameters and equity criteria does the Council wish to set for the program?
<br />Any other considerations for staff?
<br />NEXT STEPS
<br />If the Council desires to proceed, staff will further refine criteria and integrate Council feedback into a final
<br />program and bring to the December 12, 2023 regular City Council meeting for approval and subsequent
<br />application to the MCES.
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