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(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. 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S.. .� i.�'i <br />4.. a <br />���������f .�:��.���.�:��YF <br />� <br />�'��.�.� C��.���.�'.� �'�.��'��.���� � ���� ���i :�"����f���,�� <br />���1�� �i��� o�° .�:r�.�.��� :���i��� �.��c� �.��°������ s���il���;�1�� I.���:�. ��1�.�i.��1�:�. �'�.3�1�Y1��.�1�ii� ��:� �1�.�.� �1•€���c� ��� <br />��.�t ��' �t� ��.�������i.�.��. �:.r�.d �.��.���r�����:r.�.�. I:�" �l�c �:r0+����� �� ��1����� ��� �:i����.��, �h� �y.i.��r �'�u.��.���. <br />��:��or�� t.l:�.c u�� ��.x a.��e��m���.� �i:���..�.�;a.�� {T�F} �c�r t:h� p�r�����: ��° ��h�r :�"�..t�.�.�i.�a.�; x���.��.� �a a������-� <br />�.�� �a ����,��� ��� �.��i���.��.��� A.� ��.�� ����.� �'.�F', �h� ������� ���� ���� t� �x�.��� �.�� �t�.t� ����.e���.�� <br />fc�� 'I`�::��, i��c;l��.�.�n� �th� ``b��t ��.�� ���t�'. "��1�� ��€����� �:1�� ���u�t �� �°���ji���-r�� �.�:�.��.�r ���� �;�fi�'� �����.�s� <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. <br />