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CC PACKET 08102010
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CC PACKET 08102010
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17 <br />Land Use Analysis and Plan <br />Communities Act program, the City of St. Anthony is committed to achieving the <br />objective stated above. <br />Tools: The City of St. Anthony Village will seek to achieve that objective by watching <br />for redevelopment opportunities in which investors may use local, county, regional, state <br />agency or private non-profit corporate assistance to reduce the cost of some new units, or <br />to rehabilitate existing rental housing units and regulate their rental rates to affordable <br />levels. Applicable fiscal tools or incentives may include but are not limited to: <br />• Zoning and land use plan incentives such as higher allowable densities or the use of <br />flexible design mechanism such as the planned -unit development provisions of the <br />zoning ordinance. <br />• Site redevelopment assistance through tax increment financing, local tax <br />abatement or general obligation bonds. <br />• Rent assistance through the federal Section 8 program available through either the <br />Hennepin County HRA or the Metropolitan Council HRA. <br />• Housing rehabilitation loans funded by local Community Development Block <br />Grant funds, the Hennepin County HRA, the Greater Metropolitan Housing <br />Corporation, the Minnesota Housing Finance Agency or the Housing Resource <br />Center Northeast. <br />First-time homebuyer assistance funded by the Hennepin County HRA, the <br />Greater Metropolitan Housing Corporation or the Minnesota Housing Finance <br />Agency. <br />Rental housing development programs sponsored by the Minnesota Housing <br />Finance Agency, the Greater Metropolitan Housing Corporation or the Hennepin <br />County HRA, or local housing development revenue bonds. <br />Cooperating with a non-profit housing development corporation to develop or <br />preserve affordable housing opportunities. <br />A variety of indirect assistance through the Hennepin Community Works program <br />such as site assembly, site preparation, or streetscape and park improvements. <br />Extending along Kenzie Terrace the design concepts employed for the Lowry <br />Avenue Corridor Project (which presently terminates at Stinson Boulevard) could <br />support redevelopment activities in that district, which could include affordable <br />housing units, market -rate housing and retail or office buildings. <br />As in the example of Silver Lake Village, the City will strive to ensure that new <br />affordable housing units be blended into market -rate housing so there is no major or <br />apparent exterior difference in appearance. <br />City of St. An(hony Village ____- 2-33 <br />
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