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City of Arden Hills – 2040 Comprehensive Plan <br /> <br /> <br />Approved:, 2018 <br />7-16 <br />programs available through the local, county, state, and federal government. The <br />City may consider the following programs in order to meet its housing goals: <br />Minnesota Housing Consolidated Request for Proposals: The Minnesota <br />Housing Finance Agency provides a once annually request for proposal (RFP) <br />where affordable housing developers can apply for funding to construct <br />affordable housing. Arden Hills encourages developers to apply to the <br />Consolidated RFP to provide affordable housing for those Arden Hills residents in <br />need. The RFP is a useful tool to support the development of rental housing units <br />affordable at 50% AMI or below. <br />Community Development Block Grants (CDBG): The U.S. Department of <br />Housing and Urban Development (HUD) provides CDBG funds to communities <br />with over 45,000 residents for the use of providing and maintaining affordable <br />housing. Ramsey County Community and Economic Development (CED) <br />administers these CDBG funds for the City of Arden Hills. Arden Hills <br />encourages the Ramsey County CED to use CDBG funds to provide affordable <br />housing for those Arden Hills residents in need. CDBG is a useful tool to <br />preserve both rental and ownership units affordable at 80% AMI and below. <br />HOME Funds: The HOME Investment Partnerships Program (HOME) is a <br />flexible federal grant program that allows Ramsey County to fund affordable <br />housing activities for very low and low-income families or individuals, homeless <br />families, and persons with special needs. Arden Hills encourages the Ramsey <br />County CED to use HOME funds to provide affordable housing for those Arden <br />Hills residents in need. HOME funds are a useful tool for both the preservation <br />and development of both rental and ownership units affordable at 50% AMI and <br />below. <br />Neighborhood Stabilization Program (NSP) Grants: The NSP was established <br />by HUD for the purpose of stabilizing communities that have suffered from <br />foreclosures and abandonment. The focus of this program is the purchase, <br />rehabilitation and resale of foreclosed and abandoned properties. The NSP <br />operates under Ramsey County for Arden Hills. Arden Hills encourages Ramsey <br />County to use NSP funds to purchase foreclosed or abandoned properties to <br />provide affordable housing for those Arden Hills residents in need. NSP funds <br />are a useful tool to preserve ownership units affordable at 80% AMI and below. <br />Dr <br />a <br />f <br />t <br /> <br />11 <br />/ <br />0 <br />1 <br />/ <br />2 <br />0 <br />1 <br />7