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�WUSING DEVELOPMgNT PROGRAM <br />DESCRIPTION OF ROSEVILLE HOUSING <br />Specifically i,ncluded, in this program, is the plan to administer <br />and, make a loan to finanaethe Roseville Housing I Project (the <br />"Project"), o apt the City* The program is, for one housing <br />dievelopment fog the elderly which will be operat , at least <br />through the term, of the housing revenue bonds issued for the <br />Project,, as rental project not, under condominium or cooperative <br />ownership . <br />The Project is to 'be owned and, operated by a Minnesota <br />limited partnership, to be formed with Craig Oberlander and Bruce <br />containing 4211 units and remove present parking garages, The <br />Project will be located at 2545 Hamline Avenue in the City of <br />Roseville, <br />twenty At least percent <br />adjusted be required, to be riented to persons, and, families, with <br />of the median l # I estimated It / <br />by the United States Dq artment of Housing, n Urban Development for <br />the Roseville area. of the dwelling units, , iu the Project will be <br />