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<br /> improve the balance of elected officials LE-20. State Programs to -~ <br /> and engineering professionals in the Encourage Housing <br /> deciSion-making process. - <br /> Problem: State programs to increase the I <br /> LE-19. Tax Policies to supply of affordable housing outside <br /> central cities are not well funded. <br /> Encourage Housing I <br /> Solution: To encourage builders to <br /> Problem: State and federal tax policies provide affordable housing outside <br /> have, in some instances, limited central cities funding should be I <br /> construction of housing that is affordable increased for: <br /> to persons with very low and moderate <br /> incomes. . the Community Rehabilitation Fund I <br /> to assist cities to design programs to <br /> Solution: Tax policy should encourage meet the local need for affordable <br /> production and increase the supply of single and multi-family housing; I <br /> affordable housing: <br /> . the Homeownership Assistance Fund <br /> . remove the state sales tax on building to provide for down payments for low I <br /> materials for production of multi- and moderate income families to <br /> family rental housing units for which purchase their own homes; \. <br /> the Minnesota Housing Finance <br /> Agency and/or local housing and . technical assistance to cities to <br /> redevelopment authorities have analyze local housing conditions and I <br /> provided assistance; the need for incentives, set-asides or <br /> other methods to encourage <br /> . provide additional state funds to development of housing to serve I <br /> increase the supply of housing in employers contemplating business <br /> locations where the local housing real expansion or construction of new <br /> estate market discourages facilities and increasing employment I <br /> construction of housing to meet local opportunities; <br /> needs, including added funding for <br /> the state Affordable Rental Housing . credit enhancement assistance offered I <br /> Investment Fund; by the Minnesota Housing Finance <br /> Agency; <br /> . support federal Fair Market Rents I <br /> (FMRs) at a level sufficient to make . construction financing assistance to <br /> affordable rental housing widely encourage local lenders to participate <br /> available. in family housing development. I <br /> I <br /> .. <br /> 1995 City Policies 15 I <br />