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�_3 Develop affordable workforce housing policies and programs. <br />- Evaluate what is "afforda6le%vorkfarcehousinA"and develop a policy that can <br />assist new and existing programs and reduce park dedication fees. Review <br />innovative development techniques such as reduced lot sizes, narrower road widths <br />and flexible construction techniques to reduce the cost of new housing <br />developments. Identified as a high priority for the HRA. <br />+ Explore the merits of establishing an inclusiancrr hy ousingpalicywhereby <br />developers are provided with increased density (smaller lot sizes, narrower roads) <br />to achieve affordable workforce housing goals. <br />� Support affordable workforce housin9through the use of tax increment financing, <br />Ramsey County Home Funds, I�t�b - CDBG, Minnesota Housing Finance programs, <br />Federal Home Loan Bank dollars and Local Development Corporation funds. <br />� Work with developers to utilize tax credit programs and revenue bonds to reduce <br />the cost of financing for affordable workforcehousina. <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 r`arc7efsmul�i-famifvren�ers�a realize the American dream <br />of owning their own home. Particularly target those renters where there is a <br />concentration of young professionals, children and rental rates which indicate <br />enough income to shift to a mortgage payment without major financial difficulties. <br />Identified as a high priority for the HRA. <br />■ Develop and collaborate on a fir.�t time ho�eb�er praAranr to target housing fo r <br />local fire fighters, police officers and teachers who wish to live in the City and <br />desire to better serve the residents with less commute time and quicker response <br />time. Identified as a high priority for the HRA. <br />• Support and encourage the use of the ��.��±��r��First Tirt�e Home Bu�ers <br />Program which provides down payment assistance fo r low-moderate income <br />households purchasing their fi rst home in Ramsey County and reduced rate <br />mortgages. <br />* Support and market free home ownership education, funded in part by Ramsey <br />County, which includes information regarding the buying process, financial <br />assistance available and linkages with for sale homes affordable to the fi rst time <br />homebuyer. <br />Housing Plan — 2005 Page 10 Roser�ilie HRA <br />