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■ Explore the merits c� establishing an incZusionar�.f housing�olic,y whereby <br />developers are provided with increased density (smaller lot sizes, <br />narrower roads) to achieve affordable workforce housing goals. <br />* Support affordable worl�orcehousing through the use c� tax increment <br />financing, Ramsey County Home Funds, HUD - CDBG, Minnesota <br />Housing Finance programs, Federal Home Loan Bank dollars and Local <br />Development Corporation funds. <br />+ Work with developers to utilize tax credit programs and revenue bonds to <br />reduce the cost of financing for affordable worl�orce housin�. <br />�_� Encourage young families to move into the community through the <br />support and partnership with first time buyer programs. <br />Provide a program that tar�ets multi e amir� renters to realize the American <br />dream c� ownin� their own home. Particularlv target those renters where <br />there is a concentration c� young professionals, children and rental rates <br />which indicate enough. income to shift to a mortgage payment without <br />major financial difficulties. Identified as a high priority for the HRA. <br />Develop and collaborate on a�'rst time hornebuyer pro� to target <br />housing for local fire fighters, police officers and teachers who wish to live <br />in the City and desire to better serve the residents with less commute time <br />and quicker response time. Identified as a high priority for the HRA. <br />Support and encourage the use af the Ra��nsev �ouni-i� First Tm1e Ho�rie <br />Su�ers Pro r� which provides down payment assistance for 1ow-- <br />moderate income households purchasing their first home in Ramsey <br />County and reduced rate mortgages. <br />+ Support and market_�?n�� home owneisllip education, funded in part by <br />Ramsey County, which includes information regarding the buying <br />process, financial assistance available and linkages with for sale homes <br />affordable to the first time homebuyer. <br />��.t� Support and expand the Senior Housing Regeneration Program (SHRP) <br />_ which provides links between the sale c� homes by seniors and purchases <br />— by young families. <br />Promote the Senior Housin.�Regeneration PraQram jSHRP), a program of <br />the Greater Metropolitan Housing Corporation (GMHC), which uses <br />State and Metro Council funds to help properties in transition from a <br />IZnsevi�e Comprehensive Plan - 2003 Update Page 11 of ll <br />