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W Metropolitan Council ~ Improve regional competitiveness in a global economy FAMILY AFFORDABLE HOUSING PROGRAM FACT SHEET What is the Family Affordable Housing Program? The Metropolitan Council's Family Affordable Housing Program (FAHP) is an affordable family rental housing program. This is one tool Roseville and other suburban municipalities can utilize to help address the critical and escalating need for more life cycle, work force housing units. Where will the F AHP be implemented? The Metropolitan Council ("Council") hopes to partner with Roseville and several municipalities in suburban Anoka, Hennepin and Ramsey counties. As of May 7, 2001, the following cities have fonnally committed to partnering with the Metropolitan Council on F AHP implementation: Blaine, Coon Rapids, Minnetonka, Edina, Mapie Grove and Golden Valley. How many units will the Council acquire? ' ~- --- -" ._, - ---. -- -- -, ,The Council has committed to completing 150 units by April 2002. We are'in receipt of funding ~for the first 50 units 'and expect funding Ilegotiations on the remaining 100 ,units to be co:rp.plete by suiiimer 2001. We are-seeking',approval to acquire up to 20 units'iIi eaCh JIlUnIcipality. --., , What types of units will the Council acquire? The Council will focus its acquisition efforts on single family homes, town homes, and condominiums. The Council may elect to buy residential structures containing up to eight units, however at this time the Council will only purchase multi-family rental dwellings if all units are vacant. Unit sizes will range from two to five bedrooms. How will the F AHP be implemented? In order to avoid the unnecessary displacement of Roseville residents, the Council will acquire residential properties for sale by their owner-occupants. The Council has engaged a real estate professional to assist in the identification of potential properties. The Council has established unit location criteria (attached as Exhibit A) to serve as a guide to the Council's acquisition efforts. ill addition, the Council will not buy properties in census tracks that are "impacted" by race or povertyl. Once a Cooperation Agreement has been executed, Council staffwill meet with Roseville staff regarding Council acquisition efforts. The Council wants to coordinate its efforts with Roseville to ensure, for example, that properties are not acquired within city-identified redevelopment zones. I Census tracks may not have a poverty population of 12.2% or more, nor may they have minority population greater that 28.68%. The Council will identify, and subsequently notify municipalities, of any ineligible census tracks. Family Affordable Housing Program Fact Sheet 7 May 2001 Page 1 of3