CC PACKET 08102010 - Laserfiche WebLink

Home Browse Search

Kim Moore -Sykes 26 From: Burns, Paul (Paul.Burns@metc.state. mn.us] Sent: Monday, August 02, 2010 2:54 PM To: Kim Moore -Sykes Cc: Engen, Denise; Reetz, Beth; Milashius, Linda Subject: RE: ALHOA figure? Ms Moore -Sykes: Below is a description of the Affordable and Life -Cycle Housing Opportunity Amount (ALHOA): ALHOA Contribution The Affordable and Life -Cycle Housing Opportunities Amounts (ALHOA) represents the minimum amount of local discretionary expenditures or contributions a community must spend to assist the development or preservation of affordable and life -cycle housing for that participation year. The ALHOA is not a grant from the LCA. It is a required local contribution or expenditure of local dollars on affordable housing. In order to continue to participate in the program, communities must expend or contribute at least e5 percent of their ALHOA obligation for the applicable year. Communities have some flexibility in determining which local expenditures fulfill the ALHOA contribution. Examples .include local dollars contributed to housing assistance, development or rehabilitation efforts, the costs of local housing inspection and code enforcements, or local property taxes to support a local. or county HRA. In checking on the amounts for a few communities, the dollar amount does not appear to be difficult to achieve and I have not been able to identify any community that: has been forced to drop out of the program because they could not come up with their ALHOA contribution. It appears the ALHOA amount for. St. Anthony in 201.1 will. be $24,718. Please let us know if you have any additional. questions. Paul Burns, AICI? Manager, Livable Communities Program Motropol.itan Council --- 390 Robert Street North St. Paul., MN 56101-1.£30' (651) 602-1.106 -- fax: (651.) 602-1.442 paul..burns@metc.state.mn.us From: Engen, Denise Sent: Monday, August 02, 2010 9:25 AM To: Burns, Paul Cc: Kim Moore -Sykes, City of St. Anthony Subject: ALHOA figure?