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1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 4 <br /> <br /> 5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />13 <br /> <br />14 <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />value thing we talked about, this $250,000 <br />that Anoka, you guys applied for, where does <br />this come from? <br /> <br /> JEFF JOHNSON: I'm not sure what <br />$250,000 you're talking about? <br /> <br />project. <br /> <br />help you. <br /> <br />Townhomes. <br /> <br />RESIDENT: For the project. For your <br /> <br /> We pulled it right off the Internet. <br />JEFF JOHNSON: I might be able to <br /> <br />RESIDENT: Now he remembers. <br />RESIDENT: Page Number 99047, Ramsey <br /> <br /> $250,000, now where is that money <br /> <br />coming from? <br /> <br /> RESIDENT: <br /> RESIDENT: <br /> <br />Right here. <br /> <br />That's your job. <br /> <br />don't even know about the $250,000? <br /> <br />LARRY BAKKEN: <br />JEFF JOHNSON: <br /> <br />39 <br /> <br />You <br /> <br />Okay. Let him answer. <br /> <br />First, what that is, <br /> <br />is those are housing tax credits that we apply <br />through the Minnesota Housing Finance Agency. <br />That's not financing, it's money. But this <br />housing will benefit from a housing tax credit <br />that an investor that will purchase it and <br />they will get financing for that. <br /> <br /> RESIDENT: So it's tax money. Okay. <br /> <br />ADAMS COURT REPORTING (612) 421-2486 <br /> <br /> <br />