2020-04-22 CC Packet - Laserfiche WebLink

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Centerville 2040 Comprehensive Plan households. The City may consider tax abatement if the public benefit from a proposed project is substantial and the project could not occur but for the aid of this tool. When this tool may be used: The City would consider using Tax Abatement to support the development of both rental and ownership housing units that are affordable at or below 80% of the AMI. Tax Abatement would be a strategy the City may use to help remove blight and/or encourage redevelopment in redevelopment areas. Housing Bonds Cities, EDAs, and HRAs can issue bonds that help to develop and administer affordable housing developments or programs. Cities may make or purchase loans using the proceeds of the bond sales for activities such as new construction, acquisition and rehabilitation, or refinancing bond debt. There are specific affordable unit thresholds that must be met in bond-financed projects. Bond-supported projects would typically support affordable housing for the 50% and 80% AMI bands. When this tool may be used: The City would consider using funds from Housing Bonds for rental and ownership housing units that are affordable at 50% AMI. The City would also consider and senior at or below 80% AMI. C OUNTY, R EGIONAL, S TATE, AND F EDERAL F UNDING P ROGRAMS Anoka County Community Action Partnership ACCAP offers a variety of programs and services to the Centerville community that help to achi manages affordable rental properties, offers housing rehabilitation and weatherization funding, home ownership education and foreclosure prevention counseling, and crisis funding. Many of these programs are targeted to low-to-moderate income households. Centerville will continue to make appropriate referrals to ACCAP and work with this organization to help achieve the Anoka County Community Development Anoka County Community Development offers assistance programs, including CDBG and HOME funds, when funding is available that support housing rehabilitation and affordable housing projects. Centerville will continue to work with the County HRA when appropriate and funding, programs and opportunities become available. Livable Communities Demonstration Account (LCDA) Centerville is eligible for Met Council funding for developments within the community that will innovative projects often involving affordable and connected housing. The City will continue to work with developers in coordination with the Met Council in supporting RFP submissions for projects that will bring a Page 60