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<br /> <br />BAILEY ENTERPRISES, INC. <br />484 NORTH WABASHA STREET. ST. PAUL, MINNESOTA 55102 <br />PHONE: (65') 224-5482. FAX: {651} 224-9269 <br /> <br />e <br /> <br />June 26,00 <br /> <br />Minnesota Housing Finance Agency <br />400 Sibley #300 <br />St. Paul, MN 55101 <br /> <br />RE: Hunter's Park Apartments- 4 Pine Tree Drive, Arden Hills, MN <br />MHF A Project # MN46-Hl62-383 <br /> <br />Attn: Robert Odman <br /> <br />Dear Mr. Odman: <br /> <br />Please consider this the required "Impact Statement" to assist the residents of Hunter's Park <br />Apartments to fmd alternative housing once the subsidy in their current apartment is no longer <br />available. <br /> <br />e <br /> <br />The number of units that will no longer be subject to rent restrictions will be 15. There are <br />currently 15 units at Hunters Park receiving assistance. When the HUD contract expires on <br />September 28, 2001, the units will be affected. <br /> <br />The rents for the apartments is estimated to be as follows: <br />Apartment Unit # Type of Unit Current June 2000 <br />Subsidized Rent <br /> <br /># 112 <br /># 116 <br /># 117 <br /># 119 <br /># 123 <br /># 124 <br /># 128 <br /># 129 <br /># 131 <br /># 212 <br /># 216 <br /># 217 <br />#228 <br />#229 <br /># 312 <br /> <br />1 Bedroom. <br />2 Bedroom <br />2 Bedroom <br />2 Bedroom <br />2 Bedroom LG. <br />1 Bedroom' <br />2 Bedroom <br />2 Bedroom <br />2 Bedroom <br />1 Bedroom <br />2 Bedroom <br />2 Bedroom <br />2 Bedroom <br />2 Bedroom <br />1 Bedroom <br /> <br />$647 <br />$751 <br />$751 <br />$751 <br />$784 <br />$608 <br />$751 <br />$751 <br />$751 <br />$647 <br />$751 <br />$751 <br />$751 <br />$751 <br />$608 <br /> <br />Proposed 2001 <br />Market Rent <br />$728 <br />$842 <br />$842 <br />$842 <br />$894 <br />$707 <br />$842 <br />$842 <br />$842 <br />$738 <br />$853 <br />$853 <br />$853 <br />$853 <br />$749 <br /> <br />e <br />