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Background <br />The City of Ramsey is committed to supporting well planned single family, multi -family development and <br />redevelopment as a necessary element to achieve the goals for well-balanced housing inventory <br />meeting the needs of residents during all life stages. The City Council and the Housing and <br />Redevelopment Authority (HRA) of the City of Ramsey have determined that a policy is necessary to <br />review requests for financial assistance related to housing projects to ensure any financially supported <br />project meets Housing Polices of the Comprehensive Plan and housing priorities established by the City <br />and reviewed on a regular basis. <br />Housing Priorities <br />To maximize the impact of City and HRA involvement, a priority list was developed by the Ad -Hoc -Sub - <br />Committee of the Planning Commission and is subject to City Council approval. This is a list of priorities <br />that the City believes would qualify for or is in the highest need of assistance, if available. This is not a <br />reflection of the amount of individual types of housing products that the City believes will develop <br />overall. <br />This list is based off current market conditions, demographics and financial need for assistance. This list <br />will evolve over time, and will be revisited at least annually. With each project completed, the priority <br />for assistance will change. Priorities are listed below: <br />1. Senior Independent <br />2. Affordable/Workforce <br />3. Redevelopment <br />4. Energy Efficient <br />5. Rehabilitation of Existing <br />6. Amenity Rental (market rate) <br />7. Three plus bedroom Rental <br />8. Inclusion of Accessory Dwelling Units <br />9. Executive Single -Family <br />10. Senior Skilled Nursing <br />11. Assisted Living/Memory Care <br />12. Condominium <br />Scoring Process <br />Projects will be scored on a two (2) step process: 1) Minimum Thresholds and 2) Priority Scoring. Priority <br />scoring is divided between affordable housing projects (targeting households below 80% of AMI and <br />market rate housing projects (targeting households 80% and above AMI. <br />Housing Assistance Policy Final Draft —Affordable (01/03/2014) <br />2 <br />