CCP 11-13-1995 - Laserfiche WebLink

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___n____ \1--/1';; '. municipality is not participating in the Local Housing Incentives Account Program. . . If my municipality elects to participate in the Local Housing Incentives Account Pi-ograJJ;l, 12. . 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 maimain affordable and life-cycle housing opportUnities still could 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 opporrunities and avail themselves of 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 rhe use of the funds is direcrly 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 I amounrs. 14. Are the goals for affordable and life-cycle housing, as proposed by the Metropolitan Coun- I ciI, achievable? I The goals proposed by the Metropoiitan Council are intended to be "long-rom" goals. Your munici- I paliry will esrablish an action plan that identifies the sreps your municipaliry imends to take to move roward irs long-range goals. Beginning in 1998, your municipaliry's annUilI progress in meeting its negotiated affordabie and life-cyclehousing goals will be measured against rhe onnl1111 goals your I municipaliry sets fonh its action plan. Progress toward the goals will depend on private marketplace effons, the availabiliry of affordable and life-cycle housing resources and the use of local controls to I create an environment to meet goals. . I I