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<br />- <br /> <br />- <br /> <br />~ <br /> <br />ESSENTIAL FUNCTION BONDS <br /> <br />~ <br /> <br />Anoka County HRA is assisting municipalities with <br />the development of Senior Housing utilizing essential <br />function bonds <br /> <br />~ <br /> <br />Tax Exempt Financing to develop housing <br /> <br />~ <br /> <br />-~D <br />~~\}JV\~ <br /> <br />Low Interest Rates <br /> <br />Advantages <br /> <br />~ <br /> <br />~ Payment-In-Lieu of taxes <br /> <br />~ No profit motive <br /> <br />~ Affordable rents for an excellent product <br /> <br />_')0_ <br />