(CITY OF ARDEN HILLS LETTERHEAD)
<br />June 14, 2010
<br />Minnesota Housing Finance Agency
<br />400 Sibley Street, Suite 300
<br />St. Paul, Minnesota 55101
<br />Attention: Multifamily Underwriting
<br />RE: Housing Tax Credit Program & Super RFP.
<br />ARDEN VILLAGE — ARDEN HILLS.
<br />Dear Multifamily Development:
<br />The City of Arden Hills is a community made up of residents, businesses and institutions sharing
<br />a common history. One of the primary purposes of a community is to serve as a place of
<br />residence for its citizens. Assuming this charge, offering a mix of life cycle housing
<br />opportunities becomes a challenge for local governments especially in suburban markets.
<br />The City has a strong desire to support affordable and work-force housing and is an active
<br />participant in the Livable Communities Program. The City's 2030 Comprehensive Plan sets
<br />goals that emphasize the development of a variety of housing types that are suitable for a mix of
<br />incomes including work-force housing. Developers and the City must be partners to
<br />cooperatively develop housing plans to provide life cycle housing in Arden Hills.
<br />To promote and participate in rental housing opportunities, the City has provided incentives for
<br />affordable housing developments. As a cost reduction measure to endorse Arden Village, the
<br />City has approved the project with a density bonus, flexibility in zoning and fast track permitting
<br />and approval. The City will also not be collecting the approximate $71,560 �ark dedication fee
<br />and also waiving $2,000 in Citv SAC/WAC fees.
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<br />�ti��i�.y p+�l�c�T.
<br />The proposed development is an excellent opportunity for the City of Arden Hills to meet a laxge
<br />portion of its housing goals. This endorsement is based upon the findings that the proj ect will
<br />meet locally identified housing needs and that the proposed housing is in short supply in the local
<br />housing market. This need is evidenced by the gap between the local supply and demand for the
<br />proposed type of housing.
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