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<br /> <br />,- <br /> <br />PUBLIC NOTICE <br /> <br />The City of Roseville bas been informed by the Minnesota Housing <br />Finance Agency that the Calibre Ridqe apartment project will be <br />see.king tax credits for LOW incom.? housinq.. t.rbis project, as <br />originally presented to the City Council, g.id not include & low <br />income component.. However, the developer may apply for such <br />credits wit:~ the City's authorization. <br /> <br />Ifbe Low Income Housing Tax Credit Pro;n-am. was created by the <br />United States Congress to encourage the production aDd <br />rehabilitation of rental housing for low and 1I1Oderate income <br />:--eople.. The proposed rents are depicted as follows: <br /> <br /> Pro~ Proposed <br /> unit f&1L IfmtB <br />2 bedroom 37 $608 <br />3 bedroom 2-:t $702 <br />4 bedroom 13 $783 <br />Total 73 <br /> <br />OWners and inveb'tors in qualified nntal property are able to <br />reduce their tederal tax liability in exchange for providing <br />rental housing for low income tenants. <br /> <br />The Minnesota Dousing Pinance Agency ia requesting C01II1Ilents <br />reqarding this proposal 1L"'1til !"pril 19. J,t2~. <br /> <br />You are Q11COuraged t~ express your concerns to the Bowu.ng and <br />Redevelo'Plnent Authority- !our comments may be addressed to: <br /> <br />Hi \1Ilosot".a Bousinej Finance A99Dcy <br />Low Income Housing Tax eredit Program <br />HtIlti-family UDl'Ierwriting <br />400 Sibley streetw SUite 300 <br />St. Paul" MR 55101 <br /> <br />, <br /> <br />..j <br />'4 <br /> <br />, <br />". <br />~: <br />. ~ <br /> <br />You may also call John Madson at 296-3029 reqarding any comments <br />or concerns. <br /> <br />Based on the neighborhood cnncerns reqardinq the oi:iginal <br />project, the City will be taking a strong position on this <br />proposal. <br /> <br />PUblic Notice Issued By: <br /> <br />Steve Sa€kozy, City Manager <br />