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Metropolitan Council awards$11.3 million in Livable Communities gr... http://www.metrocouncil.org/news/2011/news_723.htm jobs. The development and pre-development projects were reviewed and evaluated by the Livable Communities Advisory Committee, which recommends projects for funding to the full Metropolitan Council. Grant awards for affordable housing • Maple Village, Maple Grove—$300,000 to help build a 48-unit rental complex with housing affordable to incomes at or below $41,350 for a family of four, as well as several units for households experiencing long-term homelessness. • Currie Park Lofts, Minneapolis—$400,000 to help build a 260-unit apartment building with some commercial space in close proximity to Hiawatha and Central Corridor LRT, downtown Minneapolis and the University of Minnesota. Most of the units will be affordable to households earning $49,600 or less for a family of four, and the rest will be market rate. • Spirit on Lake, Minneapolis—$250,000 to help build a 46-unit apartment building to meet the needs of working families. Most units will be affordable to households earning $41,350 or less for a family of four. Some units will serve households experiencing long-term homelessness. • St. Albans Park, St. Paul—$400,000 to help acquire and rehabilitate an apartment and townhome development in the Rondo neighborhood. The housing will help meet the needs of some Section 8 Housing Assistance recipients, households earning $49,600 or less for a family of four, and some households experiencing long-term homelessness. • Legacy Townhomes, Wayzata—$300,000 to help build six new, row-style units affordable to households earning $41,350 or less for a family of four. One of the units will be fully handicapped accessible and one will be accessible for residents who are sensory impaired. • City of Lakes Community Land Trust, Minneapolis—$175,000 to help the City and the Land Trust acquire foreclosed and vacant homes, which will be sold for their improved appraisal value minus the land value. The arrangement makes the homes affordable to low- and moderate income families who will own the homes, while the Land Trust retains ownership of the land. • Dayton's Bluff, St. Paul—$175,000 to help rehabilitate and resell vacant foreclosed housing units on St. Paul's East Side, hard hit by the foreclosure crisis. Homebuyers of units funded with Livable Communities funds will have incomes of $49,600 or less for a family of four. • Homes Within Reach, Suburban Hennepin County/City of Minnetonka—$150,000 to help acquire and rehabilitate existing homes in western Hennepin County suburbs. Homes will be owned by homebuyers, while the property is retained by the West Hennepin Affordable Housing Land Trust to make the homes more affordable. • Two Rivers Community Land Trust, Washington County HRA—$150,000 to help acquire, rehabilitate and resell up to five foreclosed single-family homes. The Land Trust arrangement makes the homes more affordable, because the Land Trust retains ownership of the land. Land Acquisition Loan for affordable new development Finally, the Council awarded a loan of up to $1 million to the City of Minnetonka to help acquire land for the city's plans to build senior housing as part of a 10-acre redevelopment project near Ridgedale, which will incorporate a new YMCA and medical office building. This portion of the program provides loan financing to help communities acquire land for future housing projects to address affordable housing needs. The Council, as part of the Livable Communities program, also awards grants for brownfield cleanup for job creation and economic development. The Council awarded brownfield cleanup grants in two funding rounds earlier this year. The Metropolitan Council is the regional planning organization in the seven-county Twin Cities metropolitan area. The Council runs the regional bus and light rail system and Northstar commuter rail, collects and treats wastewater, coordinates regional water resources, plans regional parks and administers funds that provide housing opportunities for low- and moderate-income families. The Council board is appointed by and serves at the pleasure of the Governor. -30- Home I A-Z Index I About Us I Contact Us I Site Map I Privacy I Accessibility I Wednesday December 14 2011 © 2011 Metropolitan Council. All Rights Reserved. • 390 Robert St. N., St. Paul, MN 55101 • Phone: 651-602-1000 •TTY: 651-291-0904 3 of 3 12/30/2011 10:04 AM