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Housing & Economic Development <br /> consider establishing a non-competitive program to create a pipeline to match <br /> city-subsidized affordable housing projects; <br /> • Housing programs that assist housing development, preservation and <br /> maintenance of existing housing stock throughout the low-to-moderate income <br /> range; <br /> • Housing programs designed to develop market rate housing in census blocks <br /> with emerging or high concentrations of poverty,where the private market <br /> might not otherwise invest as a means of reconciling affordable housing with <br /> community development goals; <br /> • Continuing the policy of using the Minnesota Housing Finance Agency's <br /> investment earnings for housing programs; <br /> • City input into state legislation and administrative policies regarding <br /> distribution of tax credits and tax exempt bonding; <br /> • Exemptions from, or reductions to sales, use and transaction taxes applied to the <br /> development and production of affordable housing; <br /> • Consideration of providing state tax credits to leverage cross-subsidized <br /> affordable units in a market rate development project. This incentive could be <br /> used in conjunction with city, regional, or other state incentives; <br /> • Consideration of the use of state bond proceeds and other appropriations for <br /> land banking, land trusts, and rehabilitation and construction of affordable <br /> housing; <br /> • Programs that help avoid foreclosures, improve homeownership rates and <br /> reduce racial disparities through homeownership assistance programs and <br /> counseling services, including pre-purchasing counseling to improve financial <br /> wellness and inform homeowners and potential homeowners of their rights, <br /> options and costs associated with owning a home; <br /> • An affordable housing tax credit to help spur construction and secure additional <br /> private investment; and <br /> • Maintain existing municipal authority to establish a housing improvement area <br /> (HIA). If the Legislature grants multi-jurisdictional entities the authority to <br /> create HIAs, creation of an HIA must require municipal approval. <br /> 2017 Legislative Policies 26 <br />