CCP 10-19-1995 - Laserfiche WebLink

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------------ . I ,. municipality is not participating in the Local Housing Incentives Account Program. .. 12. If my municipality elects to participate in the Local Housing Incentives Account Program. . but does not have the capacity to create additional affordable and life- cycle housing opportunities, can my municipality give its ALHOA amounts to other municipalities . to meet negotiated housing goals? Yes. A municipality that has negotiated housing goals, but might not have adequate resources to create . or maintain affordable and life-cycle housing opportunities still cDuId be considered a participating mu- . nicipality. However, the municipality would be required to distribute its ALHOA amount to the Metro- politan Council for distribution to other participating municipalities or distribute its ALHOA amount to a . local housing and redevelopment authority for creating affordable and life-cycle housing opportunities within the municipality. The Act permits municipalities to enter into agreements with adjacent municipali- ties to cooperatively provide affordable and life-cycle housing. The Metropolitan Council will work with . municipalities to help municipalities create affordable and life-cycle housing opportunities and avail themselves Df the incentives and funding available under the Act and from other sources. . 13. If my municipality is using local resources to make payments on a mortgage for an afford- -. able or life-cycle housing opportunity created prior to the Act, can these resources count toward expenditures of the municipality's ALHOA amount? . Yes. As long as the use of the funds is directly related to your municipality s efforts to meet its afford- . able and life-cycle housing goals, these local resources can be considered an expenditure of ALHOA amounts. . 14. Are the goals for affordable and life-cycle housing, as proposed by the Metropolitan Coun- cil, achievable? . The goals proposed by the Metropolitan Council are intended to be "long-tenn" goals. Your munici- . pality will establish an action plan that identifies the steps your municipality intends to take to move toward its long-range goals. Beginning in 1998, your municipalitys annual progress in meeting its . negotiated affordable and life-cyclehousmg goals will be measured against the annual goals your municipality sets forth its action plan. Progress toward the goals will depend on private marketplace . efforts, the availability of affordable and life-cycle housing resources and the use of local controls to create an environment to meet goals. .. . -------- ------