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Last revised July 24, 2014
<br />The LCA's emphasis is on cooperation and incentives to achieve regional and local goals.
<br />Local communities are positioned well to make decisions about how their cities and towns will grow
<br />and develop, but the LCA recognizes it often takes partnerships and shared resources to move
<br />from community plans to tangible results.
<br />Livable Communities Demonstration Account. Livable Communities Act
<br />The Livable Communities Demonstration Account (LCDA) funds innovative (re)development projects
<br />that efficiently link housing, jobs, services, and transit in an effort to create inspiring and lasting Livable
<br />Communities. Grants are available to fund basic public infrastructure and site assembly. Successful
<br />LCDA projects:
<br />• Connect housing, jobs, civic sites, retail centers and local/regional transportation systems.
<br />• Demonstrate a variety of housing densities, types & costs, creative placemaking,
<br />environmentally sensitive development, and compact land use.
<br />• Catalyze additional development that efficiently uses land and infrastructure, and supports
<br />vibrant, diverse communities.
<br />Previously funded project elements include street improvements, plazas, parks, demolition, design,
<br />development plans, implementation techniques, market studies, storm water management, zoning, land
<br />acquisition, master plans, utility relocation, site assembly and reconstruction.
<br />Local Housing Incentives Account. Livable Communities Act
<br />LHIA funds the expansion and preservation of affordable housing for rental and ownership to help
<br />municipalities meet their negotiated LCA housing goals. Grant funds cover gap financing costs such as
<br />land/property/structure acquisition, demolition, site preparation or infrastructure, general
<br />construction/structural additions, alterations and rehabilitation, interior and exterior finishing, roofing,
<br />electrical, plumbing, heating and ventilation. Soft costs, such as architects fees and travel expenses,
<br />are ineligible.
<br />Communities participating in the Metropolitan Livable Communities Housing Incentives Program may
<br />apply for LHIA funds through the Super RFP and Application distributed by the Minnesota Housing
<br />Finance Agency. When submitting an application, municipalities must include an Acknowledgment of
<br />Receptivity form from the local unit of government and agree to match grant funding on a dollar -for -
<br />dollar basis.
<br />Local/Land Use Controls/Regulations
<br />Ordinances of government including requirement of permits and codes created to ensure private use of
<br />land resources are aligned with policy standards. Some forms of land use regulations including housing
<br />codes, regulations for subdivisions, zoning ordinances, and building codes
<br />Locally Preferred Alternative (LPA)
<br />The preferred route for a proposed transitway that has been locally adopted as a final step in the
<br />Alternatives Analysis phase of the Federal Transit Administration's New Starts/Small Starts application
<br />process. This phase of a proposed transit project defines the specific corridor a community will consider
<br />for subsequent phases of transit planning. While the adoption of an LPA is not a guarantee that a
<br />transit project will be built, it is a reasonable indicator of a project's likelihood of completion. For this
<br />reason, this document considers transit projects with an adopted LPA as the benchmark for transit
<br />related policy.
<br />Low Income Housing Tax Credit (LIHTC) Program
<br />Since its creation via the Federal Tax Reform Act of 1986, the Low Income Housing Tax Credit
<br />Program (LIHTC, or tax credit program) has become the premier financing tool for the development of
<br />new affordable housing, as well as the rehabilitation or acquisition and rehabilitation of existing
<br />2040 HOUSING POLICY PLAN I METROPOLITAN COUNCIL
<br />DRAFT RELEASED FOR PUBLIC COMMENT Appendices I Page 89
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