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02-13-23-R
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02-13-23-R
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2/13/2023 11:04:21 AM
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Ramsey County RCC Housing Related Project Terms <br />• Total approved Units: 1,460. County is motivated to a project greater than 1,600 units. <br />• Affordable Housing: 22.5% of total units <br />0 10% of total units at 80AMI or lower (Master Developer provided) <br />0 12.5% at <50% AMI (Master developer, City and County supported) <br />• The County is willing to strategize additional funding to deepen affordable housing units <br />(e.g., to reduce rent to a level that would be affordable at 30% of AMI). <br />• The City will not collect Met Council SAC charges where credits are present. <br />• The County may proceed with construction of the Spine Road. <br />554653.1 <br />
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