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Bac <br />Tround <br />The City of Ramsey s committed to supporting well planned single family, mufti -family development and <br />redevelopment as a necessary element to achieve the goals for well-balanced housing inventory <br />meeting the needs af residents dunng aIF 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 />�� . �� � , . <br />^^������]� " �������CS <br />To maximize the impact of City and HRA involvement, apriority list was developed bythe Ad -Hoc -Sub- <br />CnnnmbteenftheP|annimgComrniysionandisoub]ecttoCity[uumd|apprnvaiThisisa)istofpriorities <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 />This list is based ofcurrent market conditions, demographics and financia 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 Iisted below: <br />1. Senior Independent <br />2. Affordable/Workforce <br />3. Redevelopment <br />4. Energy Efficient <br />5. Rehabilitation ofExisting <br />6. Amenity Rental (market rate) <br />7. Three plus bedroom Rental <br />8. Inclusion ofAccessory Dwelling Units <br />S. Executive SingIe-Famiy (note: City funding not ikeIy for this product) <br />10. Senior SkiUed 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 housinq projects (targeting households 80% and above AMI. <br />Housing Assistance Policy Fina Draft — Affordable (03/20/2014) <br />2 <br />