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<br />. E. NEIGHBORHOOD REINVESTMENTIREVIT ALIZA nON <br /> GOAL <br /> Create neighborhoods which offer safe, healthy places to reside with services <br /> available to serve people of all ages. Cities must recognize that making <br /> neighborhoods workfor children and elderly make them work better for <br /> everyone and enhances their desirability as places to live. <br /> RECOMMENDATION <br /> A ddress neighborhood reinvest:Jrent/revitali7J1rion with a multi-faceted approach that <br /> considers the desires of neighborhood residents, neighborhood and surrounding land uses. <br /> size, density, transportation impacts and other relevant issues in detennining action steps. <br /> ROLE OF STATE GOVERNMENT <br /> * Increase the availability of affordable housing opportunities (both owner and rental <br /> properties). <br />. * Promote greater city-county-regional-state cooperation and interaction in providing <br /> affordable housing. <br /> . Reduce the level of concentration of deteriorated and/or low income housing in areas of <br /> poverty within the Twin Cities. <br /> * Provide incentives for middle income families to invest in homes in neighborhoods with <br /> concentrations of poverty. <br /> * Provide a combination of incentives and financing mechanisms to remove and replace <br /> market-obsolete, decayed housing. <br /> * Repeal the state law that requires 1: 1 replacement of low income housing within the <br /> same city. <br /> * Re-examine options for tax relief for rental property owners in an effort to provide better <br /> quality affordable rental housing. <br />. iii] Urban Strategies Task Force Report 17 <br />