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Housing Assistance Policy- Market Rate <br />1 <br />Project Brief <br />Please briefly describe your project. This section will be used as general background on the project, and <br />is not intended to be a full analysis of the project. This project description will be used for short marketing <br />pieces if assistance is approved. <br />Project Details <br />Number of Units <br />Market Rate <br />80% AMI <br />60% AMI <br />50% AMI <br />30% AMI <br />Total # of <br />Units <br /># of Units <br />Minimum Threshold: <br />All applicants must meet one of the following minimum thresholds listed below. These are goals and <br />implementation strategies from the City's Master Housing Plan, adopted as part of the City's 2009 <br />Comprehensive Plan update. Check which threshold best matches your project and describe how your <br />project will meet the implementation strategies. <br />Applicant <br />City <br />Goal 1: Provide a variety of housing options for people at all life stages and <br />income levels to encourage existing residents, and attract new residents, to <br />stay in Ramsey throughout their lives. Housing opportunities should include <br />a mixture of rental and owner -occupied to provide life -cycle housing choices <br />meeting a full spectrum of demographics. [On a separate sheet please <br />describe how your project will use one of the following implementation <br />strategies to achieve this goal. Word limit = 500 words] <br />1) Work toward developing various senior housing options including <br />independent living, cooperatives, and assisted living facilities, both <br />market rate and affordable. <br />2) Focus on providing choices for empty -nesters, including aging in <br />place and downsizing, to allow the majority of current residents to <br />stay in Ramsey. <br />3) Provide opportunities for young adults to continue to live in <br />Ramsey after leaving their parents' homes by supporting the <br />development of quality rental housing. <br />4 <br />