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Housing <br /> Assfs�jca ® i Afforlbblo <br /> 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(note:City funding not likely for this product) <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 proiects(targeting households below 80%of AMI and <br /> market rate housing proiects(targeting households 80%and above AMI. <br /> Housing Assistance Policy Final Draft—Affordable(034/208 /2014) <br /> 2 <br />