HomeMy WebLinkAboutHousing & Redevelopment Authority Packet 06-20-2002HRA STAFF REPORTS
JUNE 2%-2002
I !z
0
HRA STAFF REPORTS
JUNE 2%-2002
I !z
AGENDA
PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY
THURSDAY, JUNE 20, 2002 7:00 p.m.
WHERE: Medicine Lake Room
Plymouth City Hall
3400 Plymouth Boulevard
Plymouth, MN 55447
CONSENT AGENDA
All items listed with an asterisk (*) are considered to be routine by the Housing and
Redevelopment Authority and will be enacted by one motion. There will be no separate discussion
of these items unless a Commissioner, citizen or petitioner so requests, in which event the item will
be removed from the consent agenda and considered in normal sequence on the agenda.
1. CALL TO ORDER - 7:00 P.M.
2. APPROVAL OF MINUTES
3. CONSENT AGENDA*
A. Plymouth Towne Square. Accept Monthly Housing Reports.
B. T.R.A.LL.S. Approve the T.R.A.I.L.S. Family Self -Sufficiency Program budget and
extension of the Program Agreement.
C. Approve resolution allowing the use of HRA reserves for properties containing the
right of first refusal".
4. NEW BUSINESS
A. Plymouth Town Square. Update on the opening of the waiting list for two bedroom
units and request to extend time period for acceptance of applications.
B. Revisions to the Plymouth Economic Development Fund Guidelines.
C. Request authorization to submit grant applications to MHFA & Hennepin County.
D. Update on City Council meeting regarding Housing Forum.
E. First Time Homebuyer Application for Ruth Zhanay
5. ADJOURNMENT
AGENDA
PLYMOUTB HOUSING AND REOLVELOrNUM AUTNOMM
URADAY, JUNK 3Oo 3 9! T.9i pita
VAMU.- Nwdidm Lem Run
Pgrmootii Clpe NaD .
3490 P4mw& il.Hurlrrard
P4nsoalb MN SSW
CONSENT AGENDA
An items had with an asl "I'? M On aottsiaere ' to be tadine by dte H:atoWS andRedcvelopmeatAtdwhyandwMbeanectedbyatemodomTherawillbanoaeI - P dtussion
of these itmni unless a-commindmionat. nitM cc petitioner so tewreft in which evem *A hem will
be removed ftam *A COMSM apetda and ewAWIuW in normal seauem on dta aaetda
1. CAW.TOORDER-7:60P.N1.
s APMVAL OF 11dQR M
CONSENTAGENDAs
A. Pl0. T+a WSqum Acaptley
L T o...A'JJ.L Ap pwa the T.RAJ,L L Fag* Sd&&dk M Ptogtom budget and
e etat..o ofrdte harm Apmow ,
C App m resohdm allowing the use of HRA mservea for properties oomainittg taeAftOf6M11ssr.
l NEW
A. Taws Sggea Update on rho opening of dta waiting list hrtwo bedooan
void atd request to extend time period for aaoelion oe. of q*rmadom,
L RrAd m to do Plymouth Economia Davdopmem Fund GoiddimL
C. Request mtthoei iaa to submit Brant opPliarn tD NHffA A Hernrepin Couttq,
IL Update an Chy Council meeting reganding Houaiog Fanmt.
L First lime Homebu)w Appicown fbr Rum moi
L ADJOURNM=
a.
MlNUTZS
PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY
Map 16, 2002
PRESZNr. (heir Susan Henderson. Commisdamers Tim Bildm Steve Ludtviss Sand+
Hawia and Lena Miceli Qk
ABSENT. Now
STAFF PRAT: Executive Director Amro Hwib % Homing Manager Jia Bases, HRA
Specidiat Tracy Jones and Office Support Specialist Randle Gifford
OTHERS PRESENT: LaD000a Hoy. tatnfaidu Outreach
1.. CAILLTOORDElt
A meeting of the Pbmwwb Housing and Redevelopment Autlrorily was called to order by Chair
Iimdersoo on May 16. = at 7:00 p w
2. APPROVAL OF MINUTES
MOTION by Commissioner Hewit% seconded by mom Mkbhb* recammadiog
4*m%-d ofthe April 18.20M mimne.
Vale 4 Aye. Commisdoaer Bildsoe alomined. MOTION approved.
2. CONSENT AGENDA
A. PLYMOUTH TOWNE SQUARE MONTHLY REPORT
MOTION was made by Commissioner Hewit% seconded by Canmisdoaer MicMiu*
4povingdaCoosentAmanda
Vale S Aye. MOTION gVoved uaanivaoudy.
4. NEW BUSINESS
A. UPDATE ON THE OPENING OF THE PLYMOUTH TOWNE SQUARE WAITING
LIST
Boeing Maier Eames gave an overview of the advertising far the opening of the Plymouth
Towne Sgane vmwg list. Ile stated potential applicants have 3 days tr-equest the application
and will have until June 19th to return dee spokadon, I* stained the applications will thea be
sent to Pbmoutb Towne Square for opening and priorly plaoememt at the waiting list. He stated
mare 3 two4edm m units available at this time.
Pbsnoum Housing and Realovdopment Authority
April 18, 20M
Pap, 2
8 STATUS UPDATE AND UNCOMMRMENT OF FUNDS FOR THE SIN=
FAMMY CON90WDAT&D RFP APPLICATION FOR HARVEST 1111,13
HRA Specialist Tracy Jones gave an ovwieu of the son on the vocommioomt of rinds for
me Harvest Mb prgjeet.
Housing Manager Basses stand the lesson we were not funded by the Minnesota How
Finance Agency (MIIFA) was bmise they had a question wilt me Bosocial fooalfthiy of our
eppliaotioa. hesated tis is a lange dev toper and their costs we set. He staced with funic
pnjects we would wort more closely wab the devdopas to provide us with the financial
breakdown.
Chair Handersm asked if the MHFA didn't agree with the price we put on the unit:
Hooft Manama Barnes stated we didn't have a breakdown of the development cost frann me
developer as requested under the Request for Proposal, Encubve Director Ihulbtat smmed me
developer would have to disrAm their costs and profrta to rake this wort. Housing MoMp
Banxs sated the HRA will coodmne to took for ower opportunities.
MOTION by Coaorm mer MW&mmb, seconded by Ca msisswm Hewitt, mcommead'mg the
Pbrtooumb housing and Redevdopmmt Aumorily Bond of Commissioners tmeam ak local
titnda toward the harvest Hills prayed.
View S Ayes. MOTION approved una h=Wy.
Q FOWAw UP DMCUSSION REGARDING FUMNNG OPTIONS TO ACQUIRE
PROPMZS SUBIECT TO THE RIGHT OF FIRST REFUSAL. CLAUSE
Holm ft hfaasgan Bares sawed at the last HRA net ting it. was discussed to research the
possibi . of setting up a Hot of aed t with a local lading insdank a. He stated staff oonmcted
Anchor Bank mprding this. He stated if we secure a line of credit with Antbor Seek, dere HRA
would have to provide a guanaamee in the amm m equal to the line of credit because dao HRA
would only be holft the property far a short time and would not be able to seetue alae finds
boacwed with the pwpngr. He also informed the Board them there would be an ammnl fee
depending an the amount of the line of credit. Housing Wafter Barnes indicated that the
limiest tome would be primeor pairs on nae. Hawing MvmW Barnes also infomrod the
lm—' them these we foods available in the HRA reserve accotama. He stated there is
approadmam ly S/00,000; of which the Qty likes to keep approximately 4096 of the tai obligation
in reserve for cash flow. He stated there is a possibility to have. 000r0004t2SQ000 set aside far
moa .purpose. however, with this option there may be lost appopmides. He stated the last
top . is to on me Qty as the lender. He stated the HRA Board could mete a request to the
Coq+ Comeil a give the HRA me a%* to maw up to a certain amount Imn me Qty reserve to
aogulre properties them we subject to the right of Ston r foal clause.
AIN
Plyuw b Housing and Redevelopment Authority
April 18, 2000
Page 3
1 eacufm Director Hurlburt asscd if we use the City's reserve the City is acting as dm [molt and
we would bwa to pay interest. Sbe stated wham a do City is emtnmg tar itnevest is wi m the
HRA world have to poy. She 130101160 City wouldn't tame MY MGM Goon its Ovaomer t
Encueive Director Hurlburt stated it would be a temporan loan. Commissioner LudwAssie
asked if *here is my comtlid of interest in having due City act as the leader. Cammissinoer
Hewitt stated she didn't see any issues. Faacutive Director Hutilrurt stated there really is no risk
Is the City. Housing M:nn18 Bones stated Anchor Hank would requite the HRA to pledge our
reserve account again eche line of credit or provide collateral. Cammimmear I.tdwasme stated
he F& it would. be cosier if dm City would be willing to an as the boat. Hosing Molter
Banes stoma we cutently have 5 units in dm village of Bnset Creek and will have 25 units at
the Reserve that are suliect to ala eaveranaL terve Director Hwbm suggested we could
ask for up to SSM.000 at a time. Commisdona LudwAsde asked how much on we rtunvenably
spend to wgione atiardable housing.. Housing Manager Bomas stored it would and UWD-
S5000 a moinsaio the unit as affadaW Cham Hesdason seamed we have 3 apdow 1).go to the
City Counas'1 tar a tine of credit. 2) go to a boat. at 3) dmw an our ecru reserves. Chair
Henderson stated if we bonne reserves, wiry do we bene to go to the City for a tine of creft
Encative Director Huibut stated the City and HRA. would tike to keep 40% available in
reserves and we don't always have that mucL. Commissioner Ludrdride stained we should
pr. ..and have a bn:ter ides to the oast pwjeet thea corms W He stated we could use our
reserves.now. and go to the City an a Winer date if we and to. Executive Director Huiburt amm0d
we would. baste to m lent sat k up so it was avail0e wben mood. She stamed wa would oeed a
resolution adborinq it Coomandoner I.tdovim stated be felt we should look at the HRA
reserve &st How ft Manager Soares seamed [base may be times when we could only fund a
pardon of dm acquisition num of the HRA reserves but than would boo to gp to the City funding
for eat: remaiadsx
Chair Henderson seamed she would lite to move forward to City Council mid request dm tine of
cretit
MOTION by Comm er Ludovissie, seconded by Commissioner bldsoe, to direct staff to
prepare a resolution audiar iql tht: use of me HRA's reserves and direct scoff to prepo e a
requam to the City Council for a tine of credit up to :500;000 tp use Por aequift propertk
sulgect on an rigor of tnst.rt fbW clause.
Vona 5 Ayes. NKMONi approved unanimously.
Q 1NTWWAITTH OUTREACH AND COMMUNITY PARIMTM REQUEST .FOR
ADDITIONAL ASSISTANCE FOR THE ANDERSON PROPERTY RELATED TO
TTM COUNTY ROAD 101 HOMES
Haar % Manager Banes stewed at the December, 2001 HRA Bond meeting a malas vas
approved setting aside V%000 Gam the HRA first Tinea Hameb%w Program to be used by
Interfaith Ou fta& & Community Partners (TOCP) in that efforts m purchase propertybeamed art
17915%M& Place Nath for the purpose of rebabiliad n and sale to a first time bomebuyer. He
pbmoutb IlnLft mvi Redevdopment Audtaip
April It 2003'
Ffteq
stained d= IOCP was oat fm ed through the MHFA. they an mgnstiog on additional =3„000
AIN
la Sadat &= vyittt this prrbeet.
Chir IN I " an I riled vAM find the money antes tiom. HwAing Mm W Bames anted daHRAbud" fw housing grant and theca aye finds avaiDaeba,
Commissioner Kd&t cb anted if the home would be moved, Hmmiq gager Barnes now
60 homy WWA oat be moved. Ha mad the house is hued at the South side of ado Phot
Nath He stlmd the bome is a umbler bnih in dte MR and bet gone dwaugh some %waft tothearrI ,.'n , buds in aeed of somempdnwdvpSm&stDdwbftjjat
Cbmmisdooa Ludovissia abed if tbem are arty+ ramictimap m dw b4a if shay ad1 thehoose in
We futon. W Hoy of .I NW& Oneemb seined dte ageemenl is if they sdl witblrt 10 yemsdteya1<'t.:ti+ad1 the home for mom dtao.yhey pmchaed h Poe
Nmff Olti by Chair Hadaso% axatded by c0mnaisskm m lwm the mqAUPoradditiondfindingto.tat rbib Otmeacha Com m ly parmeis,
Vols S Ayes. NOTION approved tmaointouabr.
01 BLIMM
Hotdog AftmW Barnes gave m overview of the evmm and l 4--ts Hb staeed tkWwMRA %addist. wouM be starting at Mooft, My 't p 0i ft do HRA at fWl stag: I*
Bova em avOl4dwofdre Cama Rad 73 meeft bdd at M odgp. May 13'8.
Coatmhslmur 866m asked about the Pbrm&A Tawas Sgwn ram ad V vie Ind my
lbarl, am..Hooft MemBer Banes atamd brag most pact thaawae oaiamesbroughtnp.. Eumve Ducclor Hurbm stewed we will continue to aund rums
11 110 and be avaMb Por my coaoam do are brotrgltm uP Cummhdooer Wddme abedboardo , is & NWmW Barnes al and they are doing wall
and am very mspordva to the mddeaa std agy ooaaerm dray may bave. He wom d dace we
made the droaBea in Wymouth Tawae SgvmM the cdh boo deaeaed dremet mgy. He stiedLarryJataoblonofibeFimnoedepormrcataleleditwasgoingwd1atthedial. die.
Commhdaoer Ladovisde asbed if the roof pmbbm wee being addressed, Housing Maoega8110118namedSdaRoafthadbumouttovgwkthewawachange: He shro stained be met withthe *1 P- sad moft ooeotraotor to di mon dta hest tape pr4juct. Ha named we might have amviaedbidhrtoimddmofdtehealape.
L ADJOUR MRNT
s Mw S SS m atomo. Vale
3040
IIEIIOFIIY
Tb: Anne IlurlbtnR Jim 6 nraa
Ftrorrfr KaffUp soaaarf, IN el 8 Obac or. Plymouth Taame 9*w
Date June 12. 2004
RE: PT$ On Oil Rape I for MW
Juno I'm, clan and Juno C a
I
alluded
me 1 1109
As of Juni 1" we have 3 two hall on - (114.119 8 215) sparbrreds avaldit Our naw
residers. Oavid and Tdp Kaon, Waved in Mary 22" °.
R9refficalm stead a Mr j and wM ow&m bdo June; They wID al have to be
completed by Juy 1`r t0r the resident 10819L
One of our newer meiders. I" Waft Passed away and Mta dauphta of Ruth Cark
P 4I•
Opwaftm
Metro Skiing was Aare to the Mre dit ami feeds on the bu&rg.. Because MW had to
red a l*kautic Mand rrrore siding and lade needed to be replaced, since the WM
W the bid was ahnoat double. Total coat was $1,471.
May 1a Cuead Luded dd our semi armuW alarm and strobe Bght dwdr. EveryMrinp
mlradwd out aw
Mayr 9id Mre pampa was profeedwwly swept to rows Mw wider sand and sae.
Our oontrad painter is in Mw process of paMM apa mM of reskbrft who have owed
In M* apabnas for 7 years.
Power Caen Capat Caawre were here to dean a mbmt arpets of reddWAs who
Aare rat had M * F, m pea casrred in Muee yeas. The most was $1.492 fbr 7 two
bedrooms. 3 - ons - m - m mnw and boM eleraUm
May 91 NoM m Lmknpe Genre to tum on to spfbddieg system. 1n the process Mwy
found.d Mre sprbdder (wads slog Mw bordered haf been broken df and th9 dress cut.
1
TMs hoppertaA when ate dbl came to k0d.are badb wd F#Ahg. Nodhwn 40
Landeoepe wig do the repeasand the dly w® owm are coat of Me up a' a
May a Owwm was hwe to work on the boitw. Tire watw pressure hes bean d q*ft
Mri lb".16°1 and 176 d are windows in are buildrg were proteadon y cbarmd amide
o d auk, TMs was the annual dumb% The coat was S"!l L
For security purpoess we had al the addle door ralmyed. We had a boot of keys we
hid sawed ham the cut tans we treaded to chm" are loft and ware able to tae them
for aur key etedmnoe.
W Rook wwe here to dmdt two more Nada In are bukdag. ApaMrettM 225 hes a
bel to are drag roan aW% andepwtrnent ms392ka leak by her tanl<rakg room
watdoiw. OW abo found a oeSrg leak b are 1'* floor, noM eUWA There b a.
paohob bel to the pipe flat needs to be soldered.
We atetled Meq Monad wah a pcdudt Salad Lunch. We had a l uoch for aD aroomag and
out Song ReddeM Counrd nmmbws. Jody ham -- ldianeprowot allwtdad. Boot
kuodree were awved A magician came an are 14 to erdwfeao the reaidwtt wed are
T-abb Tones came to sag on are 2rd. The reaideros had trek best Pw=M
wd September We ended are i ad wGh an Ice Crewn SbdmL
I1:l:lW1-71V
If you would like to Oil your kitchen cupboard,
Aulwood is a good oil to use.
f
Please do not throw trash down the trash chute after 10:00 p.m..
or before 8:00 am..
t
When using the laundries or any of the a moron areas,
please remember to shut off the lights. Thank yowl
t
Thanks to all who helped make the key exchange go so smoothly.
Thanks especially to the volunteers who took over for me
and did the exchange. If you have keys from your family members,
just drop them off in the office.
To the world you may be one person, but to one person
you may' a the world "
f
Asparagus is a member of the lily family. It is a grass, and in the same
genetic family as leeks, garlic and onions. Asparagus grows almost
everyvsrhere and is loaded with minerals and. vitamins A, C dt E.
A sneeze can travel as fast as 100 miles per hour.
N
0110 pJune 16t 2002
HiA
I)
to all fatlier'sp gra ncl atliers sons, 6. &mersJ, uncles.
Enjoy your special dayI l ljl
A fader is someow. who carries uic=
when his money use to be."
JUNE" BIRTHDAYS
VI HATCHER 1 Apt. 115
AN6IE LAYMAN 1 Apt. 319
bELORES ISKIERKA 6 Apt. 324
HELEN GARBER6 11 Apt. 225'
THELMA HANNO 20 Apt. 230
GERALb (6R) RIDDLE 26 Apt. 329
Eb HANSEN 30 Apt. 315
JERRY WEGENER 30 Apt. 317
YER
THOSE UVINQ
AIR.
ONE
1 live alone, dear Lori,
stay by my side
In all my daily needs,
be Thou my guide.
Grant me good health,
for that 1 pray
To cavy
on my work from day to day.
Keep pure my thoughts, ,
my every deed,
Let me be kind and unselfish
In my neighbor's needs.
Spare me from fire, from floods,
malicious tongues,
From thieves,.
from fear, and evil ones.
If sickness or an accident
befall me,
Then humbly, Lord,
1 pray, hear Thou my call.
And when 1 am feeling low
or in despair.
Lift up my heart
and help me in my prayer.
I live alone, dear Lord,
yet have no fear
Because I feel
Your presence ever near.
THIS WAS C3MN TO ME BY A RESIDENTI
TRIVIA. PLUS
BUY HODGEPODGE
MUNMMMI&%'XUMMUYIOSGLVEMMWOADMMtE&
S
1. 2. 3. m
WET WET WET WET 0
FALL ING WET WET WET WET T
WET Wer WET WET T
0
B
4.
M
RESORT
4x 10 CHEESE RESORT
WPM RESORT
RESORT
LED
G
A
R
D
TiEMILPMOC
HEAD E
NDEDNAH
HEELS p
A
T
HIS
1. MON. 2. TUES. SAM)
1. WED. 4. THURS. SINKER
S. FRI. 6. SAT.
7. SUN.
Monthly Planner
1
640 PM Cads(8a.)
2 3 4 S 6 7 8
7AO PM BINGO M 1008 M low AMads" 140 PM Cads (Fri.) 6AO PM Cads 0110", 119aAmama
9:30 AM MabCb16 1:30 PM 3113 Cad/ DR 7A0 PM BINGO
SAN PM CrdKrb&)
HAPPYPESTPOOTCARE
9 10 11 12 13 14 S
9A0 AN O" 340 PM SCHWANS 6 All A:t IOAO AM 0116 &alr 10:00 AM Raidm IAO PM Cads (Pri) 6A0 PM Cmd (811.)
Backe 740 PM BINGO 1:30 PM 3%13 Cads DR
9
RW®
AM M9ws chill 1 s00 PM NEBIOENT
SAO PM Csrdl(r q COUNCIL
7A0 PM BINGO
16 17 18 19 20 21 22
9 Am a r& 740 PM BINGO 1040 AM Bibb SR* 10:9 AM ROOM 1 AO PM Cads (Fri.) 1040 AM Blood Pre==
ilown
9:30 AM
dal
lr Cbb
ll 1:30 PM 3113 Cads DR Lira SUMMER BEGINS 6A0 PM Cads (Srs.)
7:0 PM BINGO
FATHERS DAY SAO PM Ce1d/(Tua)
23 24 25 26 27 28 29
W AM Omni 340 PM SCHWANS S!! 10:00 AM Bible 8K* I10O FM RESIDENT 140 PM Cads (Fri.) 6A0 PM Csrds(8s1.)
Ssrlre 740 PM BINGO 1:30 PM 3113 Cede OR MEETING
9:30 ASM M" Club 740 PM BINGE
40 PM mow) NO AM COPFEE
HAPPY FEET FOOT CARE
30
9:00 AM amep
BMTPB BMTWTPB
Serb/ f/ 1 6 • p 11 1' 7 / • p 11 If p
1 o lr p p» p p If a I1 e N 7/
ps rl OnHe »>enei%1r»
s»ss.sn seen
DO YOU REMEMBE
Sharman cinwh tri
aota-ehapad botft wfM ootored
Cm*doanfta
Soda pop tna tkm dw dispensad.lx a
Cotlha shop, wbh WMealde Jditb=as
Homa.tn8k ddv" in glass.taltles with card =M slap•
im&WWftWp(«m+ant*)
pmWas
Newsredtshera aaremovie
PF Pjm
Bum wax
7klap WO numtxrrawdh a wad prefix (Bayport GU3)
off
HylDoo*
4S or 78 RPM reoonls
S&H Green &temps
Hifi's
Metal loatr%%vft lavers
mheagrao paper
Blue mahbulbs
Beanie and Ced
Rc9ar skate keys
OCO*Popgm
WashW
w&onv
VM NC UM
1. FallpS apart
2. Mum
3. Bonems up
4. Fany wilts
S: Big cheese.
6. Last resoet
7. Buk-bL-*d cotr#imeat
8. Had over beets
9. Led down the garden path
10. His day's are numbered.
11. Line in the seed
12. Hook. line, and sinker
1)
ANSWER PAGE
WORD SEARCH
K w O O
N x O O ON
l
N a K u
s---+r--Q---O
v N
o;r--w—e
x u
e ---i
N
e
C R O
Y x Fa e o r a u
u a x N T O
V T 0 x u r O a O O V
C
O O A O
0
O O v P P
F 0 P K l K 0 x Y
v
P i
s
K w O O 8 Y 1 6 a l
N a K u v v N r x u
Nv r e a
P T N s O u a x N T O
V T 0 x u r O a O O V
C K C e 1 0 O Yu a Y O
F 0 P K l K 0 x Y V P i
PLYMOUTH TOWNS Sit
BALANCE sam
APRIL 30, 2002
I ASSETS%
CUMV MT6 500
CNECKIMG - OPERATIONS 82,748
SAVINGS -SECURITY DEPOSIT 35,289
A/R - QTS. 737'
INTEft''ST RECEIVABLE. 2,007
PREPAID WORKERS COMP 402
PREPAIDS - OTHER 206
TOTAL CURRENT ASSETS 121,689
FIXED ASSETS
LAND 459,247
LAND IMPROVEMENTS 57,649
BUILDINGS 5,652,875
FURNITURE a EQUIP-GENIERAL 175,629
FURNITURE @ e'QUIP-HSKPG 1,015
EQUIPMENT -COMPUTER 7,699
ACCUMULATED DEPRECIATIONS
155,166
A/D FURN a EQUIP-4EHERAL 1,564,582)
M
TOTAL FIXED ASSETS 4,789,.492
MGM -CURRENT ASSETS
INVESTMENTS-CONSTRUC FUND 13,373
INVES?IENTS-WORKING CAPITL 449,520
INVESTWATS-DEBT SERV FUND 599,043
INVESTMENTS -CAPITAL IMPRV 206,691
LD MORTIZED START-UP COSTS 2.,930
UNAMORTIZED ORGANIZ COSTS 155,166
ACCUM AMORTZ-OROANIZ ..OST 90,994)
NON-CURRENT ASSETS 1,335,729
TOTAL ASSETS 6,247,110
aneaaaaao
PLY' "OUTH TOWNE SQUARE
BALANCE SHEET
APRIL 30, 2002
01ABILITIES.e
CURRENT LIABILITIES
ACCOUNTS PAYABLE TRADE 34,537
ACCRUED INTEREST 71,034
ACCRUED REAL ESTATE TAX 10,567
ACCRUED MIS 13,100
ACCRUED SALARIESMAOES 1,360
CURR04T MATURITIES-L.T. 112,7$0
TENANT SECURITY DEPOSITS 33,495
TOTAL CURRENT LIABLITIES
M
276,963
LONG TERM LIABILITIES
MORTGAGE PAYABLE 36,750)
BOHM PAYABLE 4,766,750
TOTAL LONS TERM LIA8141TIES 4.,730,000
TOTAL LIABLITIES 59006,663
UITYs
CONTRIBUTED CAPITAL 3.:0O0.000
PARTNERS' DEFICIT 165.,.267
RETAINED SARNINGS 33,663
TOTAL EQUITY—
N----
1,216,932
CURRENT YEAR INCOME (LOSS) 21,315.
TOTAL LIABILITES & EQUITY 6,2479110
wa=mM=m
6 ..em.:....FS.:14':LiE,..a. '-11•';:..
511•-,rd'n:..a'.'...Y2.:^e YRYG.#$x-` ri.3.e r'+i<.
ILML'JM TIMI
pm sigma
IM Tit MIM 0 FIN Will IW OIL M, MM
111111111188 wa1tom 111111/1/11 /LILL111LLL1 ILW"116 1111111111$
MIR "Mill I"goial L KTML onto Foll Tal 1
Kids
s1t111IM1111
KIM Mal u,m 11,135 la11 11.11 Ill;% 67,113 136 1
PL 5MIn11115 M,SM II,"1 I5u1 15.11 jit 11,1'A 11,f:u 11.51
Ia1 UNTIL s11M1 59? N 511 11; 111 125,111 I0,I11 131
1..
11.7
51111 1 mll 111116(.:
Rol Wt M111L In 251 IN to
a RUM 1,676 11,141 1:251 1115.11 1,111 1.94 11"1 Itl.11
NOT 53 Win 511 1:7 fill 117.11 251 67 p"1 MAI
isslS sols MI Fr1 1:I:1 111.41 I16 1111 In 5.1
T11557T/IIs Islas 251 la 111 IM
NIULUPW EVEN 1111 1 1471 f41.11 31 5I 251 IMA
IAtfilGl 111166 1 115 11,1161 11".11 IMi5 111,1:11 11".11
TMIi "in 117 KUM 1,251 1,1" IId111 11'.11 II,M1 17,941 125,1111 HIM
tail, UVW1 M bl 1,111 11,671 1".1 w cs 111,67 fA,i.l 11.1
nreN11 lisp WAU
um ifirmo
to 14 MISE MI FW man 111111 Inn 1s, 2141
1111111111tItSJlOf nllM It111111t/1 111111111111 rfll-IMI t/1111t11111
Kru1 Nfil:lf folivN1 t Milk 19Mf:i1 F61/Opal t
MAIM 1111PAS
nism t 9MM111
911111 f411ns • 1.4" 1,101 tis 1.1 IaU 11,1:1 t,sn Sia
61E11MIGH111 Willis 2,012 1,111 SNA 1,!01 I,sM 1»A
MGI1ssO14Nlis I'M r!1 TA 146 I'al I'al 1,iN 211.5
s mwis Nf11111 SN IM IRA N IM INA
iplllii 8p11r1 111 411 its all l,lH 1,11# 1,1#1 01.1
wlwl:11601 61 111 SMA NI in IN,1
ITO nli m Of11 111 M 1111 111.11 Its NI 1: 211
1114 Fi$11Mi 11MM sso Lost 1,111 1.5 S1,Its, 5,111 1,511 Iia
M9L(:f 11E(s:fiN1IJ:
t/FStf Wntil I f01sl If iil 111 11.5 Ns I,w rill 1
NM aw; If 11 INA in f2 IN 0.2
11611 Ulu I1 1 3.2 111 T7 li:r 115.51
Will MNiniamIL M its Is IMI Ml.N sl SN 011 112.91
M1 f M OMNIS 101 Sol I0.6 Sn MI NI.1
RM11s ':11111E 11 111 6 I I 16 til III 11.1
Ilium Ni 111 011 HIM it, 1,511 11111 112.11
lffa 1 fT1t1 IIpLIMAL 42 61 101.6 Iii lis 511.0
KiilifiI F[5 IN so 101.1 t I./N INA
Hili!, 1LLRS1 I ItEf N M SMA lit iii IMA
10111211111, F81 I,NI I,IN STAN lits
1tf1Ni/M11:6081:1111 Ili It 11141 Gn,N lA 123 011 I0.11
MMtif4 N N to.$ N M IIY+ 111.61
I1PRO FAIrd 1Sn/d 111 U1 15111 161A) 1:1 I11 1!111 116.11
ElMi SMfP.f ittl[1F1 11 It 14.1 in 121 114,1
IFF nr AM1111TIM:01 535 1,11!1 1:1 i„. f.t T,1% JI,1» 1,016 11.1
Willis 11115:41
01IItinIs ' IS tf 11A St 111 INA
n1M3!Ls I ILMI DIM 61 At SISA IN IN MIA
flat Willis 65 s5 SNA SN IN MIA
5614 111111111 U111109 SII in INA All, as INA
J
IIJIMB;
M1411164LUIIrt
IIRMIN1712 1 RK;
rsilntc-as
illi 111114111.1
MAINS:
l:ni 1-uvru
ttEalti IfhUl
p11IRI Elpl
III1E "Unix
EE3tI71111;I:ttiRE:
pREUI LIIrt
41IllJi:1 sun YJn:Et
n!1Sq 1 uIRttt
A1: RNEIEI l mall
t ULUSglls to IlliIEEs
071 Some
17114 MITAL
IN s111/90 MR&L
111.4 KJt:i! I t1Iti
5
nrwi low met
tit IQ call in rR& we pit& art 2, loll
IIIIIItIt111tp1[t11E1(IJ
AM
11111111111 Irlltlltlril iibt•tt•pnttttttassistswillpi/1101"I t Well. I:t{tlEl bt/two) t
1,111 7,113
I'm
n1 51.1
19.2
1,41 7,4SI t,it/Ill
r,a 1115,62
15,x1
IH
1,4n
0 1,)i! llf 1,! t +N Nall
fSl
f!
At 141.1
E!
Lr I'm All 41,1til.f 443 37 IR 17.1
4,741 pStS.4
111.0 ni 1..3. 17.1
41
ill
ISI
Ill 191.5
171 f',T
TS
14;
40 p! p,1
I'm 4,SS!
1.2vI.1b
7,531 ll,f 3.17{
1,7:4
t1i=y
r; 1!
TS)
aIPA
sN.5
11
61.0
71 10.0 551 So./
I'
mStt
117
OJAI 17:1,71 I'mL;
611
I1r11
196.1
Il.SI7:4
Mal1,151
Ill 11.4
Si4.r
I.5i3
131 t1,10 l,ril M.1
b,lS7 I14 l,ltS
5
KIN HIM"
fp fit R"/f1 111 fill arm UNI Wit fill i
t t l l 11 1 1 1 1 1 1 IINnI ttliil 1 1 1 1 1 1 1 1 1 11 1 1 11 1 1 1 1 1 1 1 1 rm.; nil Il 181111 logoKrKIipullswarm1KIMrllRriltnIt6K111i
i[rlt[U11 WKQtIlUr1[Y:
1tr116I11IN
11911111[61
11,101
111
lI,M4 II'm 12,116
llt Not 13111
I...
1.01 Vfl it") HIM
41trtEG6Klir thin tt,iq Uli I'll 11,er1 n,fu ItNI I .tl
IIfi11U(iiL41lt1iN111E,
rag11 If stn It n:r nn
I1i[utt [tl[I4i
1,111 1,ru stet 111 i,fft N.1
nir"a:i :99au
U fit tt,slt
r11 n:
I2,111
11:.4 stet f0tn.
Iet4 r HIM111e rl,m 15,111 lit I's 11,x'1 se1,1r, 7,210 1.4
tru stools unlsts 1;,m r1,1n a,1a si.l tl' ns rs,rn 11,111 sr,1
r artur;l: unr[ 514 la,tlst tlssr 111.1 rs,'ts ry:151 rsdts In./
3B-
11 M0-
CITY m PLYM uft
3400 PLYMOUTH BOULEVARD. PLYMOUnL MN SS447
DATE: June 4,20M for Housing and Redavdopnmt Authority Meeting of June 20.20M
M. AmHur1D ^ Executive Director
FROM: Denise Hutt, Support Services Mamw
SUBJECT: Resohuion Approving the T.R.A.i.L.S. Family Sdf&iciency .Program Budget
and Extension of dke Ptogwm Agmemart
to July, IM the HRA and &a SL Louis Pak Housing Atubority job* undated the 7t hft
and Resources to Auris hubvAW Long Term Success (rXAJ L.S) hw* self-su0ficvmcy
program:. The program is designed to provide soeW services, edueatkm aced job twining to assist
Section, 8.11 11tdp1 1 reduce dependvaq on public assistance and ansis individual goals.
The program is opew--'by the nmmpro5t Employment Action Center under an agicement among
the *m agencies teat will need to be arI, 1,1 far an, addhiond twelve months. The pram
amw* has 29 pm d ipmois from Pbuouth and 33 from SL Lonis Park, Mare than 83% of
then pinfidponts are c u mly employed, with the remainder in the process of looking for wady,
in a vocational or eduatiom d program. ar being assessed far service needs. horn Jubr, 2001 to
pry. sewn bave suooessfi* conocted the p Three
graduated with account balan,oes exceeding 510,000. Three graduates bac also
imdicaud that fhgi will be twig do fiends to pmehase homes
The proposed program budget of SS9,355 supports ease insugemem services m a miatimum of
70 continues partes The proposed budget is a 5.92% hmase from the exam years
budget of SS6,036. The increase is due to biting a new case mom. Based upon, a continuing
4096 prtidpation by Plymouah participaeus, the HRA's share of the 159,355 budget would be
523,742. We expect to feed this cost with 117,160 in HUD Family Self -Sufficiency Coordinsmor
finding with the remaining 16,582 from CDBG funds. The HRA will not seed to allocate
Section 8 Resave funds for the new budget.
1 r-eom .that the HRA Board adopt the attached resoludim approve the beset avid
of ft Programa t.Rer the TJLALL L Faxaft Sd&SafBdmq Pragrad
1. HRA Resolution 2002.04
2. Proposed 20022003 T.R.A.1.L.S. Budget
3. Ap % 2002 T.R.A.1.L.S. Report
Mcm—ft A-
b
HRA RESOLUTION MU -04
APPROVING TBE BUDGET FOR THE T.RA.I.I.S. FAMILY sus -sur .ncaNCY
PROGRAM FOR THE 100242083 PROGRAM YEAR AND AUTTIORIWG
EXTENSION OF THE AGREEl10ENT FOR OPERATION OF THE PROGRAM
WHEREAS, the Pb=u& Housing and Redevdopoent AmhoM and St. Louie Pork Housing
Autho{lr have coopewtively wo" together to vitiate TJL&LL &. a jowl Family Self -
Sufficiency Ptorm to Provide social services, education and job vaimag to help Sectim 8 and
Public Housing panticipaets in the two cities reduce dependency on public assistance; and
WHERE42% a bdget for the progfOnn year at xft July 1, 2002. for SS9,M bas baa proposed
to save an average of 70 program patticip u ts, 28 of whoa are to be Plymouol6 HRA dimta; cad
WHEREAS, the HRA`a proportional shave of the proposed budget is $23,742 to be paid with
HUD Sectim 8 Family SelMuffilciency Coordinator fimds and Community DeMdopmeot Block
Grant foods allocated to the HRA by the Plymouth City Council;
NOW. THEREFORE. BE 11' RESOLVED BY THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF PLYMOUTH. MINNESOTA, that it approves the
Proposed Budget for. Ile T.RAI.L.L Family SdfSvdficimey v gin tar the progrom Yesr
steed July 1, 20M, and the use of the HUD Section 8 Family Self -Sufficiency Coordmemor
funding ad es needed up to S6.XI in Community DevdapaKm Black Granit Alda for said
a
BE IT FURTHER RESOLVED, thet the HRA Chair. and Executive Dbector anebaeby
o thoriaed to execute my documents necessary to eaoamd the Agreeaeent among the PbvnvAb
HRA, the St. Louis Pack Housing Autbonq and Fwuploymmt.Actiaa Cow daned July IS. I"S
for the epaa- of the TKA.LL.S. program for a period of up to twelve month, conaialem
With the approved budget.
Adopted by the Plymoush Housing and Redevelopment Authority on Joe 20.2002.
WOMM.ua sr tau nus ser:
TRAILS
Budget
July 1, 2002. - June 30, 2003
PFGWM COOMmuftr 31,1ft
10% wiperfkaft adwy 4,506ax
Fr%W Omwft li'm Q.
AdmUdstrafte Cos% TA03
bM RESOMME cW fm ap a%
atmNafts r.
Load haN 300
SWIbab
m
Ism 9 1 Sao Dins 100
pasup so
Mao ORksand-1 Il @ supp8n an
p1 -th 126
ParftftmMftwAdmV=m alnags-cl Im
RM&
Olhw 0
GRAND TOTAL: $59A66
ThbIllftl *UPPOfta t -IV
cwftw puft4milL
T.R.A.I.LS.
2
MONTHLY REPORT- APRIL 2002
7
PM=Mh SL Louls nark
31.40:
mulati B SLP cum B=
Omen! 9arthOMM 29 33 62 183 101 82
Naw ElKORMORM 3 2 17
S
Seperadons
Female:
Successful Completions: 0 3 13 62
Withdrawals: 0 0 0 7
Terminations: 0 1 3 21
Transfers: 0 0 1 31
EUROR* Stai2tts
Cunentp working: 23 29
Units
52
1
Joe seatch/assesvount: 3 3 6
0
School: 3 1 4
1
18.24: 2 S 7
2S•30: 7 4 11
31.40: 12 14 26
41 -SO: 7 6 13
S1-60: 1 4 S
Sett
Female: 27 32 S9
Male: 2 1 3
Race
Asian: 1 0 1
African American: 9 17 26
Caucasian: 18 14 32
HispankAatino: 1 1 2
Native American: 0 0 0
Multi -Racial: 0 1 1
J
T.R.A.I.L.S. Participant
Year 2001
Successful Com RIetions
Terminations
Other Terminations
0
0
2
2
0 0
0 0
0
0
0
3
Sc.
MEMO
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD; PLYMOUTH,. MN 55447
DATE: June 11, 2002 for Housing and Rodevelopumt Authority Meeting of June 20,
2002.
TO: Plymouth Housing and Redevelopment Authority
FROM: Tracy James, HRA Specialist through Jim Barnes, Housing Manager and Moe
Hudburt. Executive Director
SUBSECT: Resohuion authorizing the use of Plymouth Housing and Redevelopment
Authority reserve Curds to acquire properties subject to the "Right of First
Refusal"
JAt the May 16.20M Plymouth Housing and Redevelopment Authority (HRA) Board Meeting,
the Board of Commissioners directed staff to prepare a resohniov authorizing the use of HRA
reserve Avmb to acquire properties subject to the "Right of First Refusal". Per this directive, stats
has drafted the attached resolution.
As outlined in the resolution, staff would be authorized to use any non -committed reserve funds
in excess of 40% of the following years HRA budget to acquire properties subject to the "Right
of First Refusal". The HRA needs to kap a minimum of 40% of the following years budget in
reserve for cash flow.
In addition to the attached resolution. per Hoard direction, slats' is aim preparing a. resolution for
consideration by the City Council which would authorize a 5500,000.00 line of credit be
established for the HRA to use to acquire properties that are subject to the "Right of First
Refusal". As the Board discussed, the line of credit would be available if the HRA reserve funds
are not adequate to purchase one or more units with flue "Right of First Refusal".
1 recommend that the Piymoath Housing and Redevelopment Authority Board of
Commissioners approve the attached resohtlon authorising the use of HRA reserve thuds
to acquire pr up , dem subject to the "Right of First RelhsaP .
ATTACHMENTS
J 1. HRA Resolution 2002.05
2. Staff Report Som the June 25, 2002 City Council meeting and Draft Resolution
iC=WWAIW'srAffRmww Mo IU&afrauReserReeseP=660QAa
HRA RESOLUTION 200245
AUTHORIZING THE USE OF PLYMOUTH HOUSLvG AND REHABILITATION
AUTHORITY RESERVE FUNDS O ACQUIRE PRO,PLER71ES SUBJECT TO THE RIGHT
OF
WHEREAS the Plymouth Housing ad Redevelopment Authority is currently ph"
Declaration of Restrictive. Covenants on units, which provides the HRA with the "Right of FirstRefusal".
WHEREAS the Pl =wh Housing snd Redevelopment Authority wants to maintain the
affordability of tbese units by Purchasing the units as they turn over and selling than to otherbwaracetateincome.housebolds when.pomubl&.
WHEREAS the Plymouth Housing and Redevelopment Authority needs to heep.a minimum of40% of the following yens budget in reserve for cash flow.
NOW, THEREFORE, BE IT RESOLVED BY THE PLYMOUTH HOUSING AND
REDEVELOPMENT AUTHORITY P? AND FOR THE CITY OF PLYMOUTH,
MINNESOTA, that staff is authorized to use any non -committed reserve funds in excess of 40%
ofthe following yens HRA budget to sequin properties subject to the "Right of First Refusal',
Adopted by the Plymouth and Redevelopmentopment Authority on June 20, 2002, .wi
Arada Nataber:
C1TY.OFPI:YMOU'18'. . , -
CITY COUNCII.'AGEI!iD 1 REPORT : -
TO: Dwight Johmon, City Manages
FROM: Tracy Jones, HRA Specialist throngh Jim Baena, Housing Pregtom
Manager sad Arne Hwlburt. Community Dmio m = Dicer w
SUBJECT: Autnorisatiaa establishing a tS00.000.00 live of aedit for the Plymcutth
Housing and Redeve opment Anthaity UUW to acquire peopetties
subject to the "Right of Fiat Refusal"
DATE: Jure 11, 20M for the City Council Meeting of Juan 2S, 20M
I. PROPOSED ACTION:
Adopt the attachad resolution authorising a SSOQOOQOO line of credit be eamblid ed for the
PlyowA Housing and RedovdAmust Aufsority (HRA) to acquire patios do are
su4i'ect to the "Right of Fist Refusal".
2. BACKGROUND:
The Pb=u& HWM and Redevehuprnmt Authority (HRA) is currently using Declaration
of Restrictive Covauants is several housing eta, including the Village of Basset
Creel and the Raetva The primary restriction m do Covenants requires the existing
homeowner to sell their house to an mcome-qu alilft buyer. The Covenants also contain the
provisiaa affording the HRA the "Right. of First Refinal", wbieh means before tle currant
owner can liar and all the property an dw open marks tbey must first offer to sell it to the
HRA at a prigs eased upon a formula is the Covensats.
Recently the HRA was informed that a a n o owner at the Village of Basset Creek was
se'.°ag. their pmpuq. According to the requirements is the Declaration of Restrictive
Coves, the owner offered the HRA the `Right of First Refusal". Howey. since the
HRA did not have the funds available for this purpose and revising the HRA budges would
not fit within the allotted time allowedunder the Covenant, ft HRA Board of
Commissioners decided not to pursue acquiring do property at this tires.
i
3. DISCUSSION.-
In
ISCUSSION:
In order to be ptoacdve wbea sitesdons lite this seise, the HRA nada to have more double
funding available to yarn in a abort time Raine. Staff hes drafted an amendment to the HRA
budget to allow tha use of reserve fiords for this type of activity. The HRA is in the process
of approving this maeadmm& however since the HRA vada to tap a minimum of 00% of
the fallowing years budget in reserve for cash flow, an additional source of fim ft maybe
needed as well.
It is admated that the HRA will need between S130.000 - $150,000 per unit to acquire a
property under the "Right of First Rafuaal" in today's market. R is also estimated that the
Plymouth Housing and Redevelopment Ambority will incur S3.000 - S5,000 in a tparses per
wait that will not be recouped. Based an these figures and. the possibility that more than one
unit may tam over at a time, the HRA believes a line of credit in the amount of 5500.000 is
ate&&
The HRA .has looted at two funding options for the S500,000.00 line of credit, a traditional
leader sed the City of PlyvAW . Anclwr Bank. the City of Plymouth's preferred leader. was
contacted by staffto Bud out the requirmnnns of establishing a line of credit. To secure a tine
of credit with Anchor Badu. the HRA would need to provide a guarantee in an amount equal
to the fine of credit. pay an amoral fee of SUSO and pay an WNW race of prima (eurremly
4.7S%) or prime +1. Given the reqs of using a traditional leader for the line of
credit. the HRA Board of Commissioners feels it would be marecost effective and efficient "
to establish a tine of credit with the Chy of Plymouth. if possible. It should be noted that if a
titie of credit is established with tha City of Plymouth, the HRA will reimburse the City of
PlymoWA for all of the coats associated with the line of eredit plus pay the City interest.
4. FINANCIAL IMPACT:
Tba a is no direct budget impact to the City. As stated above, all of the costa associated with
dee line of credit and intnest will be the respormbility of the HRA. The HRA will pay the
City of Plymouth interest at the rate the City is earning on investmems at the time of the baa
S. RECOMMENDATION:
That the City Council adopt the sttacded resolution authorizing a SS00.000.00 line of cmdit
be established for dke Plymouth Housing and Redevelopmeat Authority to acquire properties
that are sutijat to the "Right of First Refusal".
ATTACHMENTS:
1. Draft City Council Rembrtion
2. Staff Report horn the Amil 18. 2002 Plymouth Housing and Redevelopment Authority
Board of Commissioners mating.
W09MAINAIC Naft arwoWad 6-R-02.aoe
CRY OF PLYMOUTH
DRAFT RESOLUTION 2M -
AUTHORIZING A SS00.000.00 LINE OF CREDIT BE ESTABLISHED FOR THE
PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY TO ACQUIRE
PROPERTIES SUBIECT TO THE RIGHT OF FIRST REFUSAL
WHEREAS the Pbymouth Housing and Redavdopwmt Authority is cmrmtly placing
Declarations of Restrictive Covenants on units6 which provide the Plymouth Housing and
Rodevdopmeett Authority the "Right of Fit tat Refusal".
WHEREAS the Plymouth Housing and Redevelopmmt Authority wants to maintain ft.
affordability of these units by purchasing the units as they turn over and selling them to
ad w how or mode:I-oo'come households when possible.
WHEREAS the Plymouth Housing and Redevelopment Authority needs to seethe a lim
of credit to provides an additional [aiding soum in ease the Plymouth Housing and
Redevelopment Authority reserve fimda ate not sut'ficimt to purchase the unift
WHEREAS the City of Plymouth. Minnesota agrees to act as the lender to the Plymouth
Housing and Redevelopment Authomity.
BE R RESOLVED do City Council of Plymouth, Minnesota authorizes a S50Q000 line
of emedit be established for the Plymouth Honing and Redevelopment Authority to be
used to acquire propenes sukdect to the "Right of First Retinal".
Adopted: lune 25.20M. CRY OF PLYMOUTH, MINNESOTA
city cloth
J
By \
Its Mayor
CRY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH. MN 55447
DATE: June 3, 2002 fbr Housing and Re6mcloproent Authority Meeting of June 2% 20M
TO: Pi»aoutb Housing sod Redevelopment Authority
FROM: JOArM Housing Maoaga. through Anne Hv uet. Execu ve Dista
SUBJECT: Pbymoatb Towle Sgaere – Update oa opeaa of Waieisg List and request. to utead time
Pmt for aclqftaft applicadom
BACKGROUND
At the Apra 20M HRA meeting, the Board approved do opening of the waiting list at Pbmoutlt Towne Square
PTS) for two4edtoom units. This action was taken in Gala to have enough households an our Waiting List to
INS the vacant twabedroom units that will become available as a result of the policychange negWft single
residem tesifag in two4edroom units to move to one4w&oorn units as they become available.
I the montb of May, Statfbegan advertising the opening of the PTS Waiting List Gad distributed. flyers to local
meat aomplexm Placed a Public Notice and Nears Release to the Pb=toh Sun Sailor. and posted
infbrmationual material at Pbmoutb Clredt Center. It was the goal of this concise advertising campaign to atoract
Potential applicants Pbuhy km Pbmoudt.
Potential applieauts WM request anapplication fiGm May 20 through May 22 and must have than returned by
June 19.2002 in order to be cGm' I, 1 to be plum on the waiting List At ebe close of the burin esa dayon
May 22v°, we bad a total of eightaat (18) requests for applications for PTS. This was•much lower thea the 50-
75 regrrells Stafibas hoping to receive is order to have a viable pool of applicants is which to draw 6om,
r,T-K7ql S,071
BMW of the low number of requests, Staff wGnM bike the HRA Board to cousidercomivalog to kap the
Waiting Lin opem for two4edroam amts indefinitely. Staff mends on iocrusu* the area in which we
advertise in the Hopes of attracting additional cmmdfdatles. We will probably use the same sources the Section
8 , S . -m and wbm the opened their waiting List a year sol a half ago. This includes placing a public
notice in the Star Tribnme and marketing to the many agencies tier provide rental Warandoo to low am
madetamI bcome persom. It is Staffs desire to have between 50.75 requests fce applicadons before we cine
the waiting List.
I 1 1ad these the Pbmateth Hauling and Radavdopmmt Aat> mfr,, Board of Comads:loaers
eantiaae to keep the Wahl" List gpeo at P"Gutb Towne Square tar two4edroom antra, auto such
an that Staff tub a aa01c11at number of applieadons have been reedved.
we—Siv v I I MMUSNAWL. WAFFEraw uaorvns au" ua ince a nom a0e
y8.
MWO
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD6 PLYMOUTHL MN 5507
DAIS: Jame 0.1001 fbr Housing and Redwdq moa Authority Mectiog.ofhme 20.20M
TO: Plymulb Housiag and Ra kvdopmmt Auftrii ^
FROM: h= Housing Manager. through Ante lftulttmf. Executive Director
SUBJECT: Sewmak Dexydgp t Rml tg.Lom Ford Psagram— Rand Program
Gaidellm&
In 1997. the Plymouth Qty Cantil created the Plymouth Economic Development Fuad as part
of a baa applicol n to the Depeatmew of T rade and Economic Dardopmmnt (DIED) to assist
Value Rx. with its plan to relocate its business to Pamoo t.
1% The ban to Value R: stipolood that the first S 100`000 in repayments an the: DTED lose would
z.14 go in the Qty in order to provide seed capital to e:mate the Plymouth Economic Devdopmeat
Fuad (PEIN) The PEDF is to be used to a ncourage aoonomie drrebptaeao by supplememiog
conventional financing sc uroes available to, costing and new businesses. The Plymouth HRA
admiaiaoca this program an beebalfof the Qty Gamcil and wob with local h o ft institutions
to mdm bans to businesses in ander to bdp them and a potion of the it financing needs.
DISCUSSION
To date, the PEDF has mot berm implemented. No maekabg has been done and local kvders
were onawoe of its existence.
In November of M. the Statl'atet with some of the local lenders to U& about tpe progxan and
discuss potential dtaoge s that could be made to the gaidelincs that would make the program
easier to ase Dom rho private aactcr% point of view. Two main issues team, out of the
diacossian. Firs% the leaders all ageead &ot certain language in the getiddines was contusing and
did vat compliment rite process they use in oder to qua* businesses for loam. The seooad
issue was that of the size of the fond. The len I were skeptical about marketing a pwpu n that
would pal only assist a few businesses.
to respatse to the first issm staff solicited mpxu Dna leaders and received ggmd from DTED
es to do changes than could be made to the guidelines that would permit the PERF to be
copy to other "a of 6vaaeing typically received by businesses. Ate a nook Staff
has dmfied changes to the guideline, which vie feed will allow the HRA to begin utilize this
program to the g I extent posarbh:. Attached are a redlined and a clam version of the PEDF
guidelines hr your review. The fogowing is a summary of the cbangea.
I. gWM= — The ofgaCtives was clanged because the acute of fords was not CDBG, as
Staffhad originally thought.
2. Tom A Conditions — These items was modified oro they would be mate in lire with what
the private sector is using when they ate providing thm icing to len as wcU as industry
standards.
3. ftbada Process — The use of a preliminary application is not typically done any mots.
The second !rias howew a more ddficult to address. St&X along with the local kudos began
twossions an ways to increase the amount available for this Rmd, which included'
lading !from to public sector and looting at ways in which sloe lenders could potential
contribute as well. On the pub4a aectar we would loot at many of the traditional wasps is which
the City or HRA contributes to prograns arch as TIP, Tax bevy, or applying tar fimdiag through
am= each as DTED. Ways in wbich l - I - could participate include appleng to the Federal
Hoare Loan Hart far additional handing as well as looting at ways to utilise the Cornmunity
Rdwas rant Act (CRA). Tice CRA was enacted in 1977 and "is intended to encourage
depository institutions to bdp meet the credit scads of the communities in which they opeote,
mchedma low- and moderate.'neon! addhorboW.
FISCAL RAPAM
Theta would be no final teams to the HRA or the Clay by revising the guidelines to the
PERF. hoarover, if the HRA or the City wanted to bot at ways to" the finding for this
program these would probably be as impect fiscally to the HRA. the City or both. Staff at this
time is not recommending that the HRA or the City increase finding for this program rather. we
simple wanted to pass along the information received from the lades im our earlier discussions.
NBRT 518146
After the HRA Board bas discussed the dmages, Staff' will farward the acommaandaeion on to
the Cin Council for final approval. V the Council approves the changes. Staff will begin
marbeft the program. We will be ening an informational I a
I -
re and originally melba
the Pregran to local cordes. 11 the Program a udlieed and mere appeal: to be a aced for
additional !landing. Sleff will begin stmteghag an wapystao increase the boa pool and will
ultimately cspard our madwJvg to reflect the need based on who hes been reanestiag
assismoe.
1 recoasm I that tM Pomoate Netalog sad Redevelopment Andwily Board of
Cotes recommend teat tee Plymouth dry Caaacl ppelitbepreposedchangasto,
deft Beoaamic Development Fad Gdddba.
1. Redlined version of Plymouth Economic Development Fund Guidelines.
2. Clean version of Plymouth Economic Development Fund Guidelines.
1MMMM.1w o..OWesoosa
I DRAFT
PLYNKRn N llg.'f)Plf)RUC DBVBLOPNERr RM cuIDGLRM
CnT ole' Pii.YMfX=
shoo PbmaNb Bmokvwd
it ma olk Nboo d 5344741M
an sego oo
The purpose of da Plymouth Bwoamic Devdopmeatt Amd (M)n is to eooaurage ec000mic
dndop n= by uffkmuft mvemional Bmf sotuaes avaMb to aci ng sad new
Ioesses. The Plymaarh Economic Devel*m= And (PERF) is adooinistmd by tee
PW=vth Honsiog cad RakvdWn m Auth ft (HW. skim to the PERF guidelines cad
final appovd by tee PbroaaA Cdr Normal Tb=gb ftS program, Ste ftp warts wilt
pmtidpseiog eadiag iastibuioa(s) to make loam to btsinessa m help diem meet a pmdm of
ib* G
I
needs. Loans shill be aooabsem with the atimfi a of tee program cad
with dl other PBDF pontis as dWb d In this doatmem.
Tke PVmoath SawAmic Derdopmem And is operated as m equal appmumiW program. All
applieaoa shill have egad aotxaa to PE DF Omds regardhm of race, sac. agk mmkal stags. or
other persood characreeistica.
U. BAS
Rerol ft loan !rind: (RCP's) have become m i creadv 0+ popular busroess financing .wd
bet:atse of lbeir abMW m e vaage public and ptbme ddlbn cad t ocyde M& as wdl as their
Bactbk design ad sko* apaation. RLFs povide ling; with direct loam loan guaaaams,
inmerest ado* and other fimacid assiwmoe. As tea RLF receives rhe principal and kam
Ram atttstaod'mg brm the mashy is mode available to = eer bonawer. lUb raydmg of
flings maks RLF'a peofat ft vaenble in lightof rhe growing sc RW of develgm m Omds.
RIFs are designed to dkvkw tee high coat and soon supply of copW for commanky
kmfi eases by povidiag Daft lona mm Typically. RLF's bwa the or, kwA$m the term,
or eedtroe the tisk of a lose. By bucaigg aoesat'brft oo exi M, RLF's bop Erma cgmW,
develop at swain in tee aommtmlgy. By povWg erkicd attbardiosae Gmvft for a lea
package iasread of 200 percent dkm Bmwft RLF's arc m effective cool for kvm girtg. RLF
loam we gpkmft aombioecl with other pink of private ddbn.
PEDF Program Goiddines
Adopted October 1. 1997
R b a Wdpomed to the PEDF revolving loan fund will io dit be hubd by an Economic
Raoovay Gtaam Por the 1996 V" Rx cq ndm Wt>ject.
M. PEW PROGRAM OB'JEC rM AND CRI1l; U
All activities Qtodedthrottgb the RLF will mm at imat am of the following objectives:
Creation of reteoouoa of
smw ids.
Stirnulaticn or of 'vete
invesunect.
AlWome lode hmd ta:.base
b addition to meeting ase ar more of the PEDF program abjmdve% all bms mm meet two or
more of the fA wft aheria:
A. To provide bass fe credit wadW btarioeases that arcate sew jobs.
B. To provide bans for credit worthy bmimm that would iaarease the aommu jq
tart base.
C. To assist am at eoatiog W&nu al and commeraiol btu to improve or
expend Oakif 1-1 •
D. To provide lows to be used as a secondary aouroe of fiamu og that b immded to
1mdt.
E. To provide bans in dood ns in whish a Amdiog gap exists.
F. To provide rinds for economic dmb*mem rhos could. be used n assist in
ab oft aha funds stick as Small Business Adtmioasaration loans. Podaal and
starve glass, etc.
IV. PLYMOUTH ®CON1011OC ULTZLOPMENT FUND POLICIES
IIJ
2
D
J
PERF Frotram GoMdines
Adopted October 1. 1997
1d Or
Camamucid businesses which emhmoe the Comeom - RN eempom-wi& I
li. LOAN AMOtW
310.0001am per each job created. or $3.000 per evey $ 000 increase in
F %WVF vabs oo. er $3.000 Per every $20.000 iocr m in pmmd
prgww eaed for business proposes. whiopever .is highs. mbj m to toadavaibbiftandkmhadgaiddioes.
C. FRUNCDIG 11 ETROD
COMPANION D1RBCT IRAN Exampk . Egft 2016, PEDF 30%. and
bmt 30%. (All such hmm may be
submdioued to the prim" haws) if
by Me pdmY O. PEDF
burn is L%Vaged and at Iowa unseat rate
of the PERF lowers the dFadve $merest
rateao tAe entire payecy.
PARTEMAIMN IRAN PEDF baps apo & of the loo. (no
FEDF is. oot ip a nbordiome position. no
co0tterd is required by tba PEDF. and me
kern provides a Iowa 'metal rate).
LOAN GUARANTEES FEDF guarmtm a portion of the bot lom
ftsand and real estate pwamees hurdled
D. USB OF PROCBEDS
Red pWui I I . , and developuma
err )
Warburg cq*d. (funds are ant avaMk far djWjud= ro owner) I
C,
PEDF PhoV Quiddim
Adopted October. 1..1997
byyatas. 0* a eiramtstamea fn weigh mchi SmoM x is deemed by teeMYusUsadd
Leon/Hold
hrmroveoraasm6
is the area. I:
LOAN SIZE Fffly percept of tea mumift loan tlmd
bahm at $13.000. which ever is greater.
LEVERAGE Mmenttm 60% of ptivamelpuelic oonnDF
Maximum 30% public (IVEDF)
Mioimaaa 10% aquIw
LOAN TERM IU arm of the loan will be oornntensttraa
with tee arm offered by the aeon-PEDF
leader, subiect to City approval. posod
PH" to emommil at VAP
YM& __ow as 10 YeLver-ft
DI EREW RATE 71e intu t Me may be ediastable or hued
and will beset at. 200 basis points below tee
Me of the (arse. mortnaae. Fiiaed..m m act
on din an so
dr
LOAN FEK Miob m on of SM but not to exceed 1 S
Of me Intal loan project. Fees are to be
11 1 Ited and no dupiic dm of fees
betwem the laodmg in d mm w d tee
PEDF. Low fee may be inomporaad into
P vJM Coat. The Cdy retains tate rigpt ID
redox err waiver bm. he or portion of lam
be.
4 %
wj
PEDF Program Go ddines
Adopted October 1. 1997
PREPAYN E4T POLICY
INTEREST LBdT MION ON
GUARANTEED LOANS
ASSUMABILITY OF LOAN
as I I I I*,In", 1:1
No pemby for peq0rmeoe.
Sobjeat to scarily and/or review by the
Ciw•
Not oemitted.
Business EWAW Reauirenu s will be
commenurate witb those required by the
non-PEDF leader, subiem to City ;-=oval.
COLLATERAL All cdbm d regamuncats will fonow the
terms ad aooditions of the fust morlaattie
leader who is involved with the oroicct
subiea to the City' s review and s-nroval.
F. PART143PATM LEN DIM VNITI T1TON(S)
Pardtdpatiog hmdiog instidttion(s) shall be deoemi-cd by the PERF appliamt.
PEDF Program Guided=
Adopted October 1. 1997
Perdu ka ft iastkutiWO dwU cooperame with the Chy and assist in
cmrj ft vA the policies of the PEDF as approved by the Gip dovncil:
Panicipaoong ka ft insti dogs) shall M*n thefmmd sppuclfim and indicate
in the chy the level at which the bmft bst mdm will partktipate is the Roanoe
Pte•
PEDF Program Guidelines
Adopted October 1, 1997
V. LOAN APPUCAT M AND ADNMNN ATTVE PROCEDURES
The Chy desires to make the PEDF baa application process as simple as possmk. However,
certain procedures must be followed prior to ooasideration of a loan request. lnfcrmauan
regarding the program and procedures for obtaining a loan are as t+,lbwa:
A. HRA STAFF DUTIES:
Me HRA Execut a Director shall carry out PEDF operedog procedures as approved by
the Cdy Council. Stats' it respoonve for assisting b ummesses m the ban application
process. and will wort closely win applicants in developing neoess-) information.
1. Applicant shW complete aCkyof h polimaimmay ban application. Staff
will reviear applic atim for cousisamcy wish the policies ser farm in the PEDF
Guidelines. Staff s eeasidewdea of da per baa
application should ab approxhusely one week.
2. Staff will ask applicant to contact a koft iastionion regarding 5aacivg needs Iiftheyhavenotahuadydoneso) aced indicate m applicant that tirther action on
the potential baa wdl require indiction of support from a lending iostindon.
3.
is appmeved by M% applismal dm ndmd Is
4. V the pelimmisamy loan application is are adtaaved. appliam shall movide
additional material, which shall
include a business phi mat will include its managemom sunt tam, market
aoagrsis, and financial stueumtat. Like motion necessary for obtaining the
book ban associated with the propoaal is acceptable.
S. Attached with enA (and application is a written release of Mrmadu exeacted
by me baa applicant.
6. Staff will meet win applicant and oder participating koder(s) to reline the plan
for financing the proposed mtapriae•
7
FEW Program Goiddines ^
Adapted Octobw 1. 1997
7. Staff doll umbrae the faemd Voicalim sad financial statemsms aoenaioed
therein m determine U the pr opngmd'busimss and Finance plan is vihhk. Staff
mrj, at its discretion. accept the R " ger of a bad* institution regarding
applicant credit and ftmcid vWft of the project. Atter mabn s is complete.
staff shall submit a written recommendation to the HRA Board. which shall mdse
a recon>mendation to the City Council m whether or not to issue a ban. A
rgacmnaendation regarding the application .dhW be made by the Board within 43
days of the aubtniml of all required doatmgiop. a--eamplete-banal I
8. The City C wcB shall have amhority to approve or deny loans. A final decision
regaeding the applicedon shall be made wid in 60 days of the submittal of all Irequireddoamuntoo.
9. prior to issuance of an approved ban. the City Atmraey shall review all eomracts.
legal doeumems. and buraredhor agreements. Atter such review b the
Chy shill issue said ban.
C. REPORTING
Staff shall submit quarterly muomaries and m i martl report. detailing the sm a of the
Plymouth Economic Development Fund.
D. LOAN ADAMUSTRATION
1. Staffshall service the ban. shall monitor the Chy's position with regard to
the lem and shag assure eomplimme with the intacrediter agreement. Up
to 30% of interest portion of loan payments shall be available to offset
ad inisaatio® costs of this RLF program.
2. All ban documents shall include an intercreditor agreement which must
include the Fallowing:
A. Definition of ban debnh. agreenoems regardwg notification of default.
B. Agiemsents between lending institution and city rgpW og
reproduction of pertinent information regarding the ban.
3. All ban doaurenmm shag includeagmen mus between borrower cad leader
regarding release of privacy regarding the sinus of the ban. IJ
8
PEDF Program Guidelines
Adopted ocmober 1.1997
l ll 7:i:7a ll i7a-!Ia.M,
Sulffriem idfaumatiod ad>n be included 1118 taan appGcamian Por the ( mo demmiae do
the assistance provided to a tar p & business is aetuaft needed to mate at pmjm
wort and is not acoodn in rite =amm of assisteme.
in ander to a000mpiith tans deaermidation. fouivaflr businesses appy ft to the P®F
shall provide the fonveriv.
I. A detailed ti esibft std fv bold Gram a narrative and descriptive basis as
VM as Sdadcid projecriom for three years imo the bum (i.e. cmb Saw
pro forma. perljemed. balance sbacts and profit. and. baa stamemum. cmc.).
2. A marten anallysis demomiramiltg the appdromipy for tie pro I a
ioceeoaed demand for the prodttet (Via espamion of ad athmg. busiaess).
3. A mmgpn m plan and baelrgrattod of key m mgpmmm petaodod.
0. 'lie comber. types, add wage levels of jobs am be: retained and/or creamed.
kdaft m admame.of the net iocretise in. jobs to the Stare of Minnesota.
S. Eked increases to the tact base of Pp=v&.
S. A W other periphad drvelopmem wbich may aoour m a result of the
F. ADWMAL DWORMAMN. R®QUMW
The P£DF will elan require Ibrmtrim necessary to, allow the Chy to mate the
1. Whether privet costa are :asoaabie in eodtpari9od iso similar pucgeats a
2. Whether pro bums prgje d are remmubie when eoatI P , with
historical dame. Cif any) a with indttsiry standards (Le. RMA. enc.)..
3. Dm mean dm of private add Dant haft that are committed m project
Costa.
11
PERF Rug ant Goiddba
Adopted October 1, 1997
4. Tam: of emy lasso proceeds ten are part of Ptojxt.
3. Dowmenmtt%n dtn a Btraat ing •gap• CdO and fba wW asshtanoe is
6. Docummemadum, that tee rue of rm m is nom Notary and fimncW
assume is rewired to iwve said tate of ream..
7. Demotmondon ten a bcadoo I I, me of Pgrmome vmm stun odtar
Mommun4 (in Sane or aN of Same) wins and .fmant ial mcmatives are
aeoexaw) m attse Prgjact to remain to or bane to P!)r WAL
Note mn imams s. 6. and 7, w01 be 1 1 11 to tee Well they in tee basis far doe
tega I Por essistme.. Pion. dw PERF maps waive in aemak instances. some of at
ioforn than and documemmon requited as may, In aertaia in4tanoes. require additional
doanoeometbn ar khma ion. far matters mt coveted abase)
A. In the rim at MW fimot we tared team are surges to 'Pragram bcome
regairemems. dte HUD PUo®tam Imome. Regammioaa will be lblbwad.
B. In the event PERF mends are sated dot ate =bjm to Davia/kacm tewtranmM
businesses assisted wM be so iotormed and the Ch WM be n pomibk to insure
On. Davis`B m Gubbib es are amtp4ed whe:
C. Businesses assisted wue PERF Was must provide valid bids fa comms dm
work to be don or e1meom to be acquired in week or in pat wdh PEDF funds
to vet* Cost dkdvmm
VII. FUND G11IDE1.INES MODMCAIMN
Noch m to the PEDF gaidelioea adrll be i0"Ned widtout prior caval by the Gley
a.a ftW P ice
10
ted'
PLYMOUTH SCONOWC DEVELOPNIM FUND GOlIDSIJNZS
C1TY OF PLVNKKr n
3M Pbmot 0 Boulevard
Pomoalk Minnesota SM -14M
ex S894M
L WOODUCTION
The a po®e of the. Plymouth Economic Devdoptnew Hund (PEDF) iv to e000urage economic
devdopmeat. by wearing conventional ftmang am= avaibW to existing ad new
businesses. The Planomh Economic Development Had (PEDF) k administered by the
Pbmanh Housing and Redrvdopmmot Authority (HRA), subject to the PEDF guidelines and
111081 approval by the Pbmo10th CMy Con10cil. Through this program, the CHY worts with
partickwing lading Vis) to mda loans to businesses to help sham mea a portion of
t* financing ow ds. Roans shall be cowdstent with the objective of the peogtam and coo:*
with aq other PEDF policies as defined in, this document.
The Pbmowb Ea omic Devv.meot Hadis axraeed as as equal opportunity program. All
appUmm shall have epd socess to PERF funds agaNlas of race, sex. age. marital status. or
Other, pessood .
H. BACKGROUND
Favolving lova funds (RIFs) have beoome as bacesmgly popular business fimaa mol
becia a of their abtby to kvaage public and private ddlars and recycle heads as wdl as dmw
11adbk design, and simple operation. RLF's provide 11rms wdh dirm loam, loan guaraaeea,
interest subsidy and other f UMM adstanoe. As the RLF receives the principal and imerest
ham outstanding loam. the money is made available to another bottower. This recyding of
fiords mates RLF's paido dart valuable in light of the growing scar " devdapareat fids.
RLF's are designed to alleviate the high cost and short mW . capml far community
businesses; by providing 11eudble loso eetms. Typically. RLF's lowly ft woe, kogthm the term,
or to&= the risk of a loan. By b aeasag aecesaloiMy to capital. RLF's hdp firma expand,
develop or remain in the eommonigr. By providing critical Subordinate: 11mncing for a han
package insoed of 100 pereem direct 11maciog, RLF'a are an, ef%ctive tool for kvaagiog. VIF
loam are typically combined with other public or pnvase doUns.
It is anticipated that the FEW revolving loan, food will initidlr be funded by as Economic
Recovery Grano for the 1996 Vabn Rx cxpandon Project.
PEDF Program GiNcliaes
Adopted October 1, 1997
W. PERF PROGRAM OBiBC1'IVIs'S AND CgH'WU
All activities fended &roogb the RLF will meat at has one of the Mowing objeaim
Benefit to bar and modern-, income pavom;
Prevention or dimimdm of altos and blight;
AllrA to urge- oomo w ft developmem or raftWoprom nccds.
All I li, m s fended by the RLF are ioanded to aeate or twin jobs do are taken by or available
to low and moderate income persons. At least 31 B of all jobs crewed and/or Twined will be
either taken by LMI (Roar and Moderate iocome) peraom or comidaed to be availfte to IM
person4-
m addition to meeting ones more of the WWF iaroSm adjectives, all loans most meet two or
more of We Mowing maria:
A. To provide bum Por aef'rt wortgy buaimm= that cre ue naw jobs.
B. To provide boos for aedk worthy b oioasses that. would increase the comm usby
tat base.
C. To assist new or ajuft industrial and commemial busioesses to bqxm at
mand dmir
D. To provide loans to be mad as a secondary source of financing dot is ismended to
bwk.
E. To provide dam in sku d m in WM a Rending gap arsts.
F. To provide Rends for 0—'Wmic drnkq meat that could be used m assist in
obtaining other Rinds sab as .Small Business Administration lased, federal and
smme grams, etc.
IV. PLYMOUTH WONOWC DEVBLOPMBNT RM PUUCfffi
Industrial buslo ea or
Commercial bmioesses whicb eobnoe dbe oomnamigr. but do not compete with
an a tuft commdcial business widda P4m udk.
2
PERF hop Gaideiinea
Adopted Ocmober 1.1997
a LOAN AMOUNT
SMOOD loan per ach job craeeoe I or S&OW. per emy MOM baeave in
PNPUW Mau vemakm or 53.0m per every 3 0.= ie in pesand.
P omw teed Nr bm ioess pmpom wbirdtt va is bww, to limd
avaibgr end hon And rAdd im
C. IWANCDG IALTHOD
COWAN10N DMBCT IRAN
PARTEMATION LOAN
LOAN GUARANTEE
DL Um OF PROCMS
Eqv* 20%. PEDF 30%. and
baa! SOW (AN =cb 1oaw UNW be
saboedimmed to the primary hmdero) if
ed' Md by the primary ms). PERF
loan ie. k%Wae d amthe borer iomees, !ate
of tba PEDF ltmm .ft effective iameest
rameon.the eamire pr eq).
PERF boys a. portion. of the .loan, ak
PEDF is ow in a atbordia me posbioo. no
oollsmerd is eegaired by the PEDF. and the
loan provides a lows iomeest raw.
PEDF guarantees a portion of the boot loom,
Pbswd aid rel estate gaaraomees. handled
aeparuw)
Red Prapa4y aoqwAbn ad devdopmmm;
ReW propmV rdebadoo (eqwAiom.of iagvmocnQ.
am
Wordog cwm.
Stmismen boys. a'• in circuomomcain wbicb amcb asaim m is deemed bytheCIWaseasmmidtorczain. m. a dsft P4uoo& mopmy in the aro.
3
PEDF Program Guidelines
Adopted October 1, 1297
L. TIMM AND CONDI' OM
L GAN SEM
LOAN TERM
INTEREST RATE
LOAN FEE
PREPAYMENT FOUCY
BiTEREST IRWAMN ON
GUARANTEED LOANS
ASSUMABRHY OF LOAN
BUSINESS BQUrff
4
Fitt perces of tee temsimiog. loam find
balance at $13.000. wdcb ever is greater.
Walmam 60% of privatdpudic a=44 DF
Maximum 30% pudic (PERF)
wimimrt a 10% egmv
Ptrsomal properly tam trot to exceed life of
egaipmem Uperaft 7-10 yaro. Real
estate; properly may be amortized up to 30
yon. Bdloom pWemt at 10 yam a
appropriate.
Fused rate mar less ebam the &%wage rate of
return an fiords invested by the City of
Pbymomb ova the 6 momh period prior to
ioan approval.
Mioiomnt fix of 3200. but not to exceed I %
of the total Loam prgjea. Fres are to be
doamteaaed and m doplicatiom of. fees
btorem the kmding iastit d m and. die
PERF. Loam he may be i000rporatrd imp
p vjea cost. The City reaias the rigbc to
rrd.2, P at waiver Ioam be or portiom of berm
fee.
No peaft Pot prep Wer m.
Subject m security and/or review by time
chy•
Subject to clw qFwal•
PEDF Program (lri dhm
Adopeed Ocootier 1.1997
L 1QUIIt8ll ENTS m type of loan: cby will detaoaWe
case by ase amp m under oomaal !coding
BOOM
COULATUAL
Liens an red p gwry in. p vjeat
mortgage: deed).
L.iem co rd p aMiy to busimm
COLLATEML. cont. • Liem on rdpropetry hel'.i
PSN (N4jm to City wwd -
bomesoead mu:orp).
Mar dwy and ewipmem liem
emw fmm
Pasoml andkr corporme guaraamm
requites nnlimW p noml
F. PAR71MAIM LOOM Mal-ItMONG) I
Pmtidpasiog kadiog imtiouiou(s) dM be decamioed by the PEDF appliam.
Pardtipasittg koft (s) shall cooperaae wish tde (NW and assist in
saying ant the poihcies of the PEDF n approved by the Cby Cantil.
Fdrddpmioa k Liing idsusioo(s) shall amlyae the Pormal appliation and b dicare
to the Cipt the lad as which the ko ft intiouion will mrtiripaae in the finmoe
per•
3
PEDF Program Guiddima
Adopted Octaber 1. .1997
V. LOAN APPI.IUMM AND AUdDMn ATM PROCEMMES
The Cb y desire to make the PEDF knit. application process as simple as. posuM. However,
cauln procedure maul be Adbwed prior to comiderarion of a ban request. btirrm dm
regarding the program and procedures for obtabiog a bast are as iblbm:
A. HILA STAFF DUM:
The HRA Exeasive Dm= shill carry am PEDF operating procedure as approved by
the City Cotmcil. Staff b respoMI& for udsft btrsbesaes in the ban application
process. and will work dos* with appliams in developing necessary ioPormadon.
B. APPI ICATION PROCESS:
1. Applians shall ooa -I - a p nUmimry ban application. Staff will review
appliarim for coodsteocy with the policies set fortb in the PEDF Guidelines.
staff considerar%n of the preliminary loan appucadon should take approsims"
ane week.
2. Stiff will ask apphcaos to coarser. a Iendwg msnmron regarding fmaocing needs
am radiate to applicam dot hrdw arsron on rhe paaemml ban will mquure
bdicv im of SIppar $Om a kuft InrLtmim.
I If appliam gain Mal support Gram leo ft i ubsioas, and if du preliminary
baa application is approved by staff, app = is then asked m complete a farmd
appliamcn. If rhe prelimimty loan application is not approved by stiff, the
applicant my regrua do. the HRA consider reviewing the staff decidm an the
I .. .cm3 applirmion at the neat regularly scheduled soeaiog of the HRA
Board.
0. N the preliminary ban applicaion is approved, aWb= shall material,
whichcompkte a formal application. Formal appiiatim shall inctode a business
plan tom will iodode its mamgemem sauct rrr. marker amb=. and fimncial
statemem. LAW doatmemmion necessary for abtammg the bent boo associated
with the Fopoad is acceptabb.
S. Amched with each formal application is a wrimm rebase of Ioemadon ettecoted
by the boo appliu m.
6. staff will mea with appiiam and other participating lewder(s) to refine the plan.
for fimaciag the F IF M I A aaaprise.
6
MW. Program clriddioes
Adopted Ocloba 1. 1997
7. Staff d mp asutq ae me famd Wlicalion cad rancid ammemems conamd
teereio m determine if the proposed hosioeaa and SHIM. ploy is viable. Staff
amp, at Its discredm accept tee fmdiopof a btxitt don arldhe
applicant credit and thnicid viahilky of the prgeee. After aaa m s a aompite,
stiff seep submit a writmett recommRMINIee to the IBCA Board. which *alt mese
a recom neaft n to the Chy Camcp en whether or act to. issue a loan. A
teooa loo regarding the WHcldm shag be made by the Board within 43
drpts of the submittd of a completed formed applicrAw
8. 7Se CbY Cauacil shag have aemority m approve or dMW lams. A foal decisim
regndigg the applicarimasap be mode wbWn 6tl dmpis of the sahmittd of a
completed forrod applicmiom .
9. Prior to isatraaee of In approved loan, the Chy Attorney shag review an. eoatracts.
kW doaanems, and imemredmor agreemeats. After such review is complete. theChydwHbmaidlam.
C. REMIINfi
Staff asap submit Werterly su mmfm and m. SOMI report dMift the status of the. PbWvJb E=M* Development And.
D. LOAN ADId1 gmrRA710N
Staff "Service the lase, shag a MbW the OF'S i bion with regard inthetom. and strap assure aompli = with the iamercredbor gpeemem. Upto50% Of iamerest portion. of BOOM payorems chap lte avar'kble to tuber
ethioisuatim costa of leis RLF progeSm.
2. AD tom docommm shag. bcdude an bare a tor, agmemem which must
bdwbthe fdkming:
A. Defeffi n of tom dei wk agreeraems rqplft natifr=dm of de&uk.
B: Agreemeola between b!odft inttltneioa ad sty regarding
reproduction of peetiamt iaformadon regarding the iom.
3, -AU loan documenmise shag kcbrde agret'PRO between borrower sad. kader I
r%
rag zft clash of privacy regardieg the he tomoft.
PERF Progeam Guidelines
Adopted Otxober 1.1997
E. AFFLICATION REQUgd3dEN73
Sdfkims information semi be bAb ded in a loan gVHceotim for the Chy to determine tbam
the asstaom provided to a fwjrofit business is actually needed to make the project
work and is not excessive in: tee amomt of assistance.
In aider to amompdmh dtis deucmioaminn. for•pfoflt busim um appb* to the PERF
shall provide tee lbllowiW.
1.. A detailed failirj m* bub hom a narrative and deer x"m basis as
we0 m f m=W pwjmdmi for tmee you iomn the fiumre (i.e. cub flow
pro forma. pfgjecmed baemoe abeeta and proffit and lova sdmenrems. enc.).
2. A marlaet analysis danoostraft the apporum ft for the product, or
iarosed de omod for tee product (if m expansion of m e business).
3. A mommagesomot plen and backpanod of key mnqpmmpasonxud.
4. Toe miser, types. and wage bvels of joss to be retained and/or seated.
inch ding an estimame of the rat ioctease in joss to the Sm of Minnesota.
3. Estimated be maes to the tax baa: of Pbunuth.
Arty area peripheral development which mel occur as a result of the
PMJM.
F. ADDUMNAL INFORMATION REQUIRED
The PEDF wdl also mgwe iofarmadon necessary to albw the City to mate the
demermhaiom.
1. Whether prgject coats are feaonable in comparison to simile' prgjects or
bamry sunbah.
2. Wbedw pro forma prgimdom are ressomble ween compared wdb
bismrical dame (if mW) or witb industry atandafds (i.e. RMA. etc.).
3. Doomematim of privame and bank flmds teat are committed to project
coats.
4. Terms of axe loan proceeds to are part of Pwject.
8
PEDF Pragram Guidelines
Adopted October 1. 1997
S. Doameomtin that a fneaft •gap• exists and fbancial enhance b
neoesaary.
6. Doatmmmtion that the rate of re ten is uncaldxmy and froandd
auhmme is required to kgffm said rate of return.
7. Demousuadm dot a loarim preference of Flymormb verses some adw
comfy (in St me or out of State) adsm and 6mocbl imeodves are
necessary to amse Project to rain in or locate to Fbmoutb.
Nate sham. imms S. 6, and 7. will be required to the extmm they are the bads Por the
request far asshm m. Further, the PEDF mmy waive in aeemin immnoes, some of the
bdxmsdm and doamrmadm required as may, in cenain hamncm require addidonal
duan melon at bla m dm for mmmmem not covered above.)
A. In the event the PERF hnh we seed that are mfide t m •Pr gmM Income•
v reqs. the. Ht1D Program income Rgpdadom will be %Bowed..
L in the event PEDF Pan& are used that are subject to Davb/Btioan regoiremeaa.
busimm asritmd wM be so informed and the Chy will be responsible to imrue
sham Davb4hoon Guiddinea are complied with..
C. Bmdoeases assisted with PEDF funds mast provide valid bids for oossommtim
wort to be done or equipment to be acquired in wboie or in part with PEDF dmfs
to Va* coat dlectiveaess.
VR. FUND GUIDF. RM MODIRCAMN
No I @ to the PEDF goWdims shill be i ad med without prior approval. by the. Chy
Cauncil.
m m wa but P mdWW &d Veda
i
9
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOZFfE>'i MN 55447
DATE: June 12.2002 for Housing and Redevelopment Authority Meeting of Jane 20,
20M
TO: Plymouth Housing and Redevelopment Authority
FROM: Tracy Jona, HRA Specialist thmuo-Jim Barnes, Housing Managa annd
Hudburt. Executive Director
SUBJECT: Submission of a Mimesota Housing Finance Agency Consolidated Request for
Proposal Application for the Harvest Hills development
BACKGROUND
HRA staff and Town 6t Country Homes, Inc. have been discussing an application to the
Minnesota Housing Fimnee Agency (MHFA) Consolidated Request for Proposal (RFP) for
affordability gap assistance in the Harvest Hills development. Harvest Hills is a 166 -unit
townhouse development on a 40.44 -acre site located east. of Peony Lane and north of the
Canadian Pacific Railroad:
Lan February. the HRA submitted a Consolidated RFP application for the Harvest Hills
development that was not resod for funding. However. based on positive feedback the
HRA received from MHBA pwtandog to the initial spplices m, staff would like to resubmit the
Consolidated RFP application for &a Harvest Hills development with a few changes. The MHFA
Consolidated RFP, due July 11, 2002, provides funding for a variety of housing activities
including gap financing for owner -occupied bossing Priority is given to applications with
leveraged funds and these exhibiting partnerships with local employers and nom -profit agencies.
As pant of the Consolidated RFP process, the housing proposal must be affordable to income
eligible buyers.
Staff is interested in applying for $75.000 while providing $75.000 in local fords (CDBO.
employer. and non-profit caanbudons) as leveraged funding Currently. 48 of the townhouses
are priced at $156.900 and another 48 aro priced at 5165.900, the remaining 70 units are higher
and. luxury units priced over 5200.000. This has bash one of the most affordably priced
developmaus proposed in Plymouth. The HRA and Town and Country Homes staff have an
interest in assisting up to eight or nine buyers in purchasing the more moderately priced units.
Staffhas projected an average affordability gap of approximately $20.000 to $30.000 per unit -
based on the purchasing power of three and four person households at 80% of median area
incom using 7% interest rate mtorWges For the local funds, staff is unerested in setting aside
app—imaMy $75.000 of its 2001 and 2002. First Tim Homebuyer program funds for use by
pruchasers at Harvest Hills. Staff is investing other resources6 such as local employers and
Interfaith Outreach to provide additional leverage.
1 recommend that the Pbmoath Housing and Itedevdopa ent Aatho ft Board of
Com obdoners aathorke the submission of as application to the Minnesota Hoadog
Flowee Agency Consolidated Request for Proposal for gap ambtamee at the "Harvest
Hills- developmeat.
aroMNN4 MFVImAMam s..ow.smma:
MEMO
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD. PLYMOUTH, MN 55447
DATE: June 14, 2002 for Housing and Redevelopment Authority Meeting of June 20,
2002
TO: Plymouth Housing and Redevelopment Authority
FROM: AffBrae% Housing Manager through Anne HX Executive Director
SUBiECT: Update an City Coundi meding regardPog Housing Forum
BACKGROUND
As you are aware, the Plymouth Qty Council held a Housing Forum on March 19, 2002 to
discuss; aai0ns.60 Qty could rmdit" to increase the awareness of and ultimately the supply
of affordable housing in the Qty.
On June 4, 2002, the Council held a study session to discuss the outcome of the Housing Forum
and to prioritize strategies they would Woe Staff to undertake. Attached are the statireport and
the minutes from the June 4 meeting. Listed below are the strategies the Council would like staff
to tbllow-up on:
I. Lobby for increased Ponding for affordable housing
2. Review Zoning Ordinances
3. Educate the public on the affordable.housing issues
4. Look at mixed use developments
S. Design transit friendly developments
6. Work with local businesses
The HRA Board may want to look at adw ideas that came out of the Housing forum on their
own or continue along the same path m the Com n.
I reeammend that the Plymouth Hoo:tng and Redevdopmeat Authority Board of
Commissioners eeeelve this report sad discuss the Comdl strategies as Identified in the
ATTACHNZNTS
I. SWI re Mfbr Jme 4, 2002 study salon
L Minutes Ikon June 4, 2002 study sessim
KiO-ipr Fa = *ft 6 i0 02doc
V
Ij
Ageada Number.
CITV
Cl?Y COii1? . AGENDA REPOR`
TO: Dwight Johnson. City Manager
FROM: Jim Bermes, Hatsing.Ma Meer
Anne Hudburt, Community Malo0wram Director
SUBJECT: March 19,2M Plymouth Housing Forum
DATE. May 3,20M for the City Council Meeting.of May 14, 2002
1. PROPOSED ACTION
That the Council receive this report summarizing the results of the Match 19,20Q.) Plymouth.
Housing Forum, and add it to the list of future study session topics to be scheduled.
2. SUMMARY OF HOUSING FORUM
On Match 19,20M the City of Plymouth qponsored a Housing Forum at Plymouth Creek
Center Approximately 100 people, including residents, land owners, builders/ developers.
boardand comr -salon members, dated officials and staff were in attendance. After a
welco= by Mayor Tierney, they heard presentations Som Plymouth Housing Manager Jim
Barnes, BA; C (Builders Association of the Twin Cities) representative Rick Packer and
MICAH (Metropolitan Interfaith Council on Affordable Housing) representatives Mike Onan
and Barbara Brooks A summary of the presentations is attached, including the presentation
materials from each of the spowkers. All attendees were provided with a packet of resource
materials on affordable housing.
Alta the presentations, attendees were divided into 7 small groups for further discussion.
group was asked to recommend the two moot important things that the City of Plymouth can
to promote more affordable housing. The reports from the small groups yielded a list of 13
suggested priorities, as well as an extensive list of comments made during their discussion
attached.)
3. COMMENTS FROM FORUM
Staff has compiled and categorized the comments from the small group discussions. We have
noted where the comments relate to current Plymouth policies or bm;sing efforts, or to ideas
currently included in the Comprehensive Plan's Housing Implementation Plan Strategies.
FORdingforAffo debf r Rovsing— The teed for more financial resources for affordable housing
was recognized in many of the comments. More use of TIF was suggested. The laity has
I
lobbied the State and others for more resources, and has used Tax Intxeraerat Financing (CIF)
and Housing Revenue Bonds locally to fund alibrdable housing prgjwM
Fed Coat efR low— Reducing regulations and fees as away to bring down bousirtg oost was
suggested by the apeaka from BATC as wellas minty of those present. While maity of the
regulations died (building codes, etc.) are act under the City's remail, Plymouth has identified
the need to sady, this issue and will do so as staff resources permit.
Cant mrd SsW* grLond— Macy of the eommeruu recognised that the cost and supply of land is
contributing to the increasing coat of new construction. Some of the ideas suggestedwere:
Purchasing land for housing development, in order to control the type and price of new
baining built them
Using a land trust and other restrictions on Ind to mainmin loogemerm affordability of
housing
Identifying publicly owned land that could be converted from open space or anothrr use for
construction of affordable howang
Identifying privately held land that can be developed
Increasing the developable land supply by expanding the urban service area
The largest barrier to the first two suggestion is available finding. With the price of residential
land surpassing $100.000 per acre. a large capital investment would be necessary to make a
significant land purchase.
d Let Sites-- Using density bemuses to encourage affordable housing was suggested by
many participants. In the last few years, Plymouth has tirade signifit as changes in its
Comprehensive Plan and Zoning Ordinances to promote blow densities. Most of the new
developments occurring in the areas added to the MUSA in 2000 are at densities sigoificantl.
higher than in the test of the City. The Zoning Ordinance (lot rises, setbacks. etc.) does not
appear to be a barrier and allows flexibility through the PUD seeing district. However. the City
Cotmrl did decide, after significant deliberation, not to use density bonuses as incentive for
affordable housing. Instead. the. Plan allows higher density by right. Increasing densities
beyond what the Plan currently provides may not be practical for all areas (because of impacts
on infrastructure capacity, for example.)
Older Pronniag andEowing Amities There were comments in the small groups and the MICAH
presentation do the City has not adequately enforced. its Comprehensive Plan, and that new
regulation (such as "inclusionary housing') should. be considered. Other suggestion include
allowing "carriage bonue (Accessory Dwelling Units, or ADU's) and looking at infill on
existing Iota. ADU regulations are currently under discussion. There have been some recent
requests to subdivide larger lots in existi.tg neighborhoods.
Da4mmg Hawses wad NMkbwkoods- Speaker Rick Packer and participants commented on the
effect that expectations and regulations concerning the size of new bowing units have on
housing cats. Plymouth's own regulations, unlike some other locales, do not cu: mdy specify
a dwelling unit size or amenities (such as garages) beyond what is required by the building code,
so it is unlikely that local regulatory, changes could influence the housing market to build
smaller units. Mixed-use development and "mart growth" were also suggested as desirable .s
gools. Modular design was suggested as a way to decrease construction costs.
Edre+ WoWP tl+fi3c ligfOnuadow— There were many comments suggesting that the Qp should use
education ttr inform the public of the and for and benefits to the community of affordable
housing, and &achy increase support and decrease opposition.
Ww*hW wft D mbpets— Suggesban for waking with developers included taking the lend with
developers soliciting proposals for specific pieces of land. This may be difficult to do without
control of the load. Some participants asked what &a City was dobag to "enaoe" developers to
come here. There were also comments that the pity dendd exercise leverage at developers to
face" affordability if they watt to build in Plymouth. Thee an legal limitations to this
approach. The Council has supported efforts to use the City's discretionary authority on land
use decision to encourage changes in projects to help meet housing goals, The epics of
specific projects have made achieving affordable prices impossible is sow developments, even
with such !Rats. Encewaging developen to build affordable units, and Jbmft than to do so,
may not be compatible approaches.
Wa kft K*A Eiap[oyers— Participants suggested that businesses be asked to provide some
suoport for affordable housing, so people who work in Pl}mouth can afford to five here. Some
felt businesses could offer land, or incentives to employes; atmthn participate commented that
we should look to the business community for ideas and proa!otion. Tatler than economic
support. The Comprehensive Plan identified the sad to srudy housing and employment
relationships, but the study has not yet began.
Wanking with O w Lewh gjGoaemnean- Comments reflected a desire fpr the City to acdvcly
work with the other levels of government with a stake in affordable housing to dmnge
regulations that discourage affordable housing and to increase available funding. Plymouth's
legislative agenda has always included lobbying for additional financial support for affordable
housing. The City bas not taken a general positron favoring"inclusionary housing" legislation
or other changes to the planting and zoning enabling statutes. Instead, we have reviewed
specific proposals as they have been presented, working through the League of Cities, AMNI
and other groups.
GenemV other Con mmer— Many of the comments listed were difficult to categorize or related to
more than one of the categories above. One thane seemed to be a general comment that the
City needs to be more creative and proactive. Another theme was connections among housing,
transportation and jobs. There is also recognition that housing is a complex problem with many
faros. There were concerns expressed that taxes are already Nigh enough, and that they did not
wish to se the environment impacted due to compromises for affordable housing developm.nt.
Some participants commented on the need to preserve the existing affordable housing stock.
4. IDEAS FOR FURTHER DISCUSSION
The comments at the forum suggest a number of different ideas that the City could pursue, in
addition to the implementation strategies already identified by the Comprehensive Plan. We
have noted several of these ideas below. The Council may wish to discuss these, and others, at a
study session
J • Campaignjar Harding— The City could make it a legislative priority to campaign for
increased state funding for housing programs, and help lead the growing movement to allocate
one percent of the state budget to housing.
Fere Reductions,- The City could consider fee reductioes as an incentive for aftadable
when fee reductions can leverage other funding. •;"
Laud Pochaw - The City or its HILA could mom the feasibility of purchasing lead, to
control one of the scarcest resources needed to neat, affordable Musing. Funding and
competing with the private sector for land would be the major barriers. A Md purchase could
be combined with some of the other techniques suggested (ie. modular construction) to enhance
initial and long-term affordability.
Eonft Review- The City could study whether changing some requirements (sacb as lot
widths, setbmchs or sines in the RSF I zoning district) could erenme opportunities for additional
Musing without negative impacts on the dmeaaer of existing neighborboods.
Nbad Use D&v@hVm=#-- The City could review the Comprehensive Plan to decamine
whether these an umecogoizA marltet-viable opportunities to designame land for mixed-use
developmem.
T ansit FWWODevishpuent - The City could ahuo do more to encourage transit -friendly
design in new der ddopments and consider transit opportunitiesduring the development review
p WPM
B=Wss kwolve nne - The T iio West Chamber of Commerce has recently began working on
developing principles fa supporting attbrdable Musing needed for economic development.
Win Was and its Plymouth Business Council could serve os the %chicle for the City to involve
the business community in affordable Musing issues..
If the City Council determines that these or other ideas generated at the. ham should be
pursued, they will need to be weighed in context with the other, ongoing, implementation
strategies now underway and the resources available.
S. R;ECORGUNDATION
We recommend that the Council receive this report summarizing the results of the March 19,
2002 Plymouth Housing Fan=6 and add it to the list of future study cession topics to be
sched
ATTACHNI M'8:
1. Summary of Presentations, Plymouth Housing Form
a) Powerpoint presentation by James Banes. Plymouth Housing Manager
b) Rick Packer, Builders Association of the Twin. Cities (BATC), Handout from Presentation
c) Metropolitan Interfaith Council on Affordable Housing (MICAH). Tett of Pre tation
2. "Affordable Housing: Dream or Reality" by Sally Thompson, Sun Newspapers. ' 27.2002
Small Group R— - mendations, Plymouth Housing Forum
3. Discussion Comments, Plymouth dousing Forum
4. Progress Update, Housing Plan implementerj= Strategies (March 2002)
Coameip 4T Pum" s Roman W"M
It
PLYMOUTI`i HOUSING
FORUM
much 19.20M
What is AHiudable Housing?
Dima RdwIwAIPtoIomme
NN J= Amok wi& law b mie
W hat is Affordable
Tb%v t Hwft mo Anar&
a
90ttofms s lvaome. flt gp99mlq e
RUM
m%otmwie b=w.SM
501iofbsedie iomme X1959
aouofese s ivmme tl,,;6p
W"
A(4/ihf. Arf;A.AwkA p.
f JOOW Pyfie&yk
Plymouth and Affordable
Housing
am:a.UM-1m
310M•.aeow".
se e.skpmftteNto..a
Tera.elms
bnftddM*bm .orae
Cumt Average Rents
House Payment
RM R.: ee*w , unit start
Age Ptd fArAwttoio f lome.6t
Z43ofl Sl,ltlo(pf l
Average Rett in Plymouth
1995-2001
1 i
Iwv
r- ;
1 it .
0
1_ 0
1
Percent Incv== in. Rents
Plymouth 1995-2001
1 Bedroom-3sa01t.
2 Bedroom - 4LM%
3Bedroom-33.10%
Plymouth's Housing Stock
lypef Nor %orTad
IS.178 DUE - 7 ari&
MM ZLI%
Oi o hldl - 5,107 IFIR
Ode 90OJN
16.2.1 100ls
A%vage Price of. SF Home
New at Existing m Plymouth
WNW
MUM ..!
Raw
awe
Mom son
Current Housing Needs
MR-fdaWe Housing Stock
Change Over Time
199!•Igio3mws%vlAdus12Mwar
Edon
200: • 6060 axils %vkW m s170.000 ar
Edo%
loss of 4,7x3 imils to epprechbd values
2
Housing Needs
continued)
Matfidd Reaem I & OVA Mot*Wte
Ad%imts 50* (200!)
APPS 9$M aero ended b mmo
ciao
26.a0Deeat masFUND aovap*ted
iobtws
Ova 1 loads ddbwla Op O. I wAded
Funding Sources
Static Sources
M'mna m Hmft F''uwm Agency
MHFA)
Metirapoltm Cameil
Housing Needs
continued)
Ppm wA HRA Se dm a Waiting List.
4manaimemhm
O=darmbasdteamsym
Fism v& HRA'a Seaitm Building (PiS)
74 m aosemlbt
an dattdte pas yms
Federal Sources
Cammmipi oerdopmem abet ama
Plow (CDBO)
HOME eavmaaem Fmtm - d* Pta,gm t
HOMq
taw iaco Horsing Tu Cm is
Swim a tttogmm
Van&=
tigj mem d
County Sources
AlardoAle Housing Imadve Ftmd
Fadvd HOME Funds
City Sources
Fedad CDBO Pmds
hr. HRA Tu Le
Haoint Reraaa.Ballds
The kaaaRm FiowAtg
The Aletemem
Stone Creek Village
Example
r..m:arrelatoer
au maow . m" ftm ..r
wv% • a.rrwsm"
rprrmm ICBM gditmoo b"o
IhWMAVAR rao=d0 rret
eaadem+=
r+11 rwr o..aw.r
r rru-Ir
Rental Projects
Repo 61 Pommdk
120mikeeasorPoe r
10%alPordaele mkeaalellaa 30xof
mddtla rooms
Sum cmek Vlbip
130ae= mind iaeme heft
2ft..mrdellembwmh ftm3WAof
aar a keamo
Other Sources
PlriOmtaapic Foaedtli6m
Nar4%h1 Hamot Frovwu
BUsirAmm
Current Projects
and Programs
Ownership Projects
Um Rave (Rollhmd)
610 Porde wk
135a@lyd*k to Oombd&aIMofinedia
kaome-m%afmb
Havm Hills (TbM 3 Cwjwy)
166aakr
716 piad' l' Im IIl6,000.3167.000
Plymouth HRA Programs
FhU Time Hlomeb Off AssiOM
tam asp lb
YpbiiQODO
awaoge Ism=12000
Rdk2h dsmao Lm
ap b slu
avenge titin tILOOD
Plymouth Housing Goals
2000.2020
peow-3m
Owi nembip - 21%
Plow s 199341001
Raw -m% 077as"
0 1 1p-14FA (40ad0
SMALL GROUP QUESTION
WAW ae dW a+wo mast impW W
Ninos Ne Coy of pbmwA em dD to
p ammo mon: a fanbbR busn?
Plymouth HRA Programs
Continued
Affmdit Hiousilla FwA
Tat bmemmt Hamas Assiswm Pi aV
FpjmaabTaraes*m
5
4041060-4va Rik )%eker
3 -/f -0=.
PERTINENT HOUSING FACTS
Metro Area Median Family Income — $76,000
Can Afford a $228,000 Horse
Affordable Owner Occupinmd House — x170,000
80% Median Family Income
Twin Cities Metro Has Fess= Growing Median Family Income in the US
2001 Ranked 192 in Housing Affordability Among the 25 Largest Metro US Areas
WHAT'S THE MATTER WITH THAT???
Raw Land — $2.50/SF
lack of available land)
Finished Lot — WNW
Mnecem" development regulations)
Finished House — 57S.00ISF
9 building regulations)
Finished Lot needs to be 114 -1/3 of Total Finished Package
For Every $1,000 the Price of a House Rises, It Becomes Unaffordable to 3,400 Families
WHICH MEANS WHAT?
No More Production of Modest Priced New Housing
Prices of Existing Housing Rising Rapidly — Lack of Supply
house prices going up 12.396 a year, inflation 3%)
Increased Cost of Producing New Subsidized Units for People Who Need Tbem the Most
funds don't go as for)
SOLUTIONS
Increase Modest Cost Housing Production by Allowing Higher Densities and More Land
Availability
Decrease Unnecessary Regulation
1nMRPnH COUNCIL ON AFFORDABLE HOUSING
o/lattoe, love norcr. we h n * vilh yaw God' Mbih"
A PresmWbn to the PVmouth Housing Fornm
Presented by: Plymoath Hoositlg Task Fora of BUCAH
Preseatess: P!)rmoash residents MOM Onan and Barbara Brooks
March i%200
I'd like in thank the City Cotmcil and staff for plaming this Housing Foss® and !br the
opporamity to speak here. I am a raided of Plymouth and a member of the Pbmuoutth
Hous ng Took.Farco ofICCAR L'm apniting as an edvocaee 6lrmam aElbrdable
housing in Plyzaotttb, and at an advocate for the substantive changes that are going to be
necessary to accomplish tbk
I'm not going to gat into all the sntdies and statistics do support the benefits to a
community fiam providing sufficient affordable housing because I'm making the
assumption that May= hate is in agreement with that. Let it suffice to my, OWL -nod
moteaffordable bousiog in Plyimul.to costate theaeon of our economic vitality;
to enable us to became the diverse and inclusive community that will eolith ouraves in
so meny wan mdbetxmse providing decent housing foc the bsif of m a nagace chat
fills below tea medico in eamings, and for those in our sodety in gearal who are
eoonomicaNy vulacrable, is the AW thing to do.
What we're here to do today is to hY and identify hon tLe varoua participants, or
stakeholders in the process can work together to mala it happm
I believe in the clichd that say% Tf you do what you've always done, you'd get what
you've alvMs got." Sim theadoption of the comprehensive plan almost two ye -m ago,
we haven't gotten vd at we mm w now it's time to change what we're doing
In a few minutes Barbara Brooks. another member of the Plymowh Task Fora of
MCAH will offer 13 specific suggestions for changes that we think will result in the
increased development of affordable housing in Plymouth.
The housing god of the City's Comprehensive Plan is:
21% of new owner ocmq& d units, and
35% of new rental units be affordable.
In the pest two yews, how have we done?
I've heard it pointed out a number oftimes that these are only goals (I suppose that is as
opposed to requrirements). Well, m the business world I come from it is not acceptable to'
fall short of your goals. Goals and requirements ate, in erect, the same thing If you
miss your goals for more than a few calendar quarters, you're shown the door.
Two years ago. just prior to the adoption of the comprehensive plan, we were concerned
that the mandate to develop affordable housing wasn't film enough. We worked with the
Pimm: (612) 6714960
Mleenauchumb Ccar Fac (61x16.""
122 Th" Franwoave-x.w1a310 E4MMItdoem h -onMfamapoliAM55404a"weer d div 19998CD A''knand Best Practices Awwd w.4mieu+.ory
CityCounciil and staff to haveadditionsl language added that clarified the actions the
Cilywag to taloa. It included each verbiage as: . • ' ..
Actively encourage residential developers to include affordable housing...
Provide financial and tcckWcd assistance to developers if sffbedable
housing...
SuK%Wt prints and programs that meet Plymouth's mads for affordable
housing..
And est sigoificut*, it stated:
Review all development proposals for their potential to contribute toward
meows the Chy's goals for afibrdeble life -cycle housing. When necessary, the
City will eecoWnead ways in which such housing cam be incorporated into the
proposal. To the attest it is h wlitl and appropriate, the City may make approval
of development applications contingent upon a proposal's cotttrtbubon toward
meows the housing goals."
The Metropolitan Coumc it Staff Report was very complementary of Pili wish's housing
plan. It said in part.
This comprdumun Nan addresses tha haling plamning requirements of the
Land Planning Act with evtemplary dicrouglmess and thoughtful analysis of the
Principle forces agog the housing market in the city. From a housing planning
perspective, it is a mode document that other citiesshould emulate.
With all this, we were very optimistic. We believed that !inure housing development m
Plymouth would meet the goals of the plan We have, tmf immately, been disappointed.
I an concerned whether the spirit of the IuWn a is being followed. I question whether
there has been the support and active eneouragemem by the City that we hoped for. My
personal impression, from attending a number of City Council meetings, is that the
development of affordable housing is viewed as a commendable goal, but not one that's
worth making a sacrifice for, or risking controversy over. There's been a lot of
discission over what's lawful and appropriate for the City to do in terms of requiring
affmdability,fiam developers setting approval of projects. I'm concerned drat dare
hasn't bees a sense of urgency oa die pelt of the City to dot* this issue, To what extent
hos Plymouth been working with other cities and sten legislators to have the issue
legislatively clarified? To what a ant hat Plymouth been vigorously eneouhraging
legislation that would give the cities the right to make development contingent on
affordability'! Have we gone after this one with the sense of urgency that's appropriate
for a top priority. for a crisis situation? I don't think we have.
A lot of the affordable housing issue has to do with will and attitude. I'm convinced that
the staff and City Council even now have the ability to significantly impact the amount of
affordable housing built in Plymouth. Developers need. to get the message from the City
that we're serious about these goals, and that development in Plymouth that doesn't tee.
these goals is going to be difficult to do.
The City needs to be fiezi le and creative. I would cite two akamples of the type of
estbility and crutivigr I'm Wrong about — The Ckmr Ridge developai nt in Chaska
and the Arboretum. Village development in Chaohassen. At Clove Ridge. through the. ,
use of significant density bemuses and other regulatory udiet they were able to develop
without a public cash subsi ft
166 single family honesexpected to adbetiween $140,000 —195,000
342 townhouses in the 5120,00% eo 18%000 range
138 of 250 rental waits that will be affordable to households at 50% of median
ioeome
At Arboretmt Village they wee able to devdop: -
156 row houses priced in the Sl 10,000 —120,000 range
68 Coach Town Homes for $135,000 —15%000
98 twin homes for 315%000 —18%000
These types of results are possible if the City is wilting -to ddak creatively, and is willing
to take actions it perhaps hasn't takenbefore. It goes back Uo what I e id earlier, -If you
do what you've always dear, you'll get what you've always pr. With. that; let me tum
the podium over to Barbara Brooks.
WHAT CAN THE CrIY D092 The short answer is, be mote proactive. This will
req&W. a change of attitude to a "can do" approach rather than "we tried, but.. -
The Plymouth Housing Task Farre of h9CAH makes the following specific
rec mendationa:
I. The City Council should adopt a resolution obligating itselfin ACTIVELY
support and promote woddbrce housing within the qty.
2. The City Council through its staff should strongly encourage developers to submit
plans for inclusionary housing when applying for rezoning subdivision,
conditional use permits, variances and other land use appovals.
3. The City Council shall direct staff to challenge developers to meet the
aquirements and goals of the comprehensive plan.
4. The City should create a communication system, which dearly and effectively
notifies interested alums of new housing proposals presented to the City or when
MON regulations, and land use changes affecting housing especially the cost of
housing are proposed. The system should respond quiddy to legitimate requests
for in5omation
S. The City Council should direct staff to identify each parcel of land in the city,
which would lend itself to the development of affordable housing. The city
should work proactively wilt. developers committed to housing that meet the full
range of housing needs within the community.
1
6. The City should speeificaft solicit bm'lders ofaffordable housing Wail mit
proposals for dejelopmenUredbelopmeot within the city
7. Tho Council should direct the Plyaaouth HRA to acquire land for wed
hooft
8. Nymwuti should join other titin and housing agenda in shy supporting
state legislation wbicb allows for local entities to decide requiremems for
inrdtasionary housing -
9. The City must be open to Wk,%rO-, - ..deet to produce offerdable housing by
ofhft density bonuses and reum—a or diminating artificial butlers and costs
to the development of aflbtdable housing, These should be applied as mcentives
to developers willing to produce such housing.
10. The. City should considercreating a citizen affordable housing advisory
committee which could review housing proposals on the fimut end - the planning
mon and City Council seem to deal with the'jaoblW (and this speaks to
attitude) of crating affordable housing at the end of the process:
11- The City should consider designating an affordable homing ombudsman to
process complaints from those who seek to build affozdable housing and find the ~
system an insurmountable beerier.
12. The City should examine localrules, regulations, policies, procedures and
ordinances affecting the cost of housing in the community and actively address
any rale changes which may be required to .facilitate the development of
affordable homing.
13. When affordable housing is developed, the City should include strong measures
such as deed eesnactiom, eland trusts, recapture mortgages, resale and rental
restrictions so that the long-term affordability of the housing is preserved.
We encourage the City COMMA to consider our proposals. We believe each of them will
have an impact We think that all of than will provide a better market response to benefit
the current and Arae economic vitality of this community. We realize these suggestions
will need to be fleshed out and put into appropriate language for adoptions and
implementation by the City over the coming weeks. As interested citizens of Plymouth,
we stand committed to working closely and cooperatively with the City. developers, other
citizens and interested parties to mat the human and economic needs. This is what
success looks bice -that anyone who wishes to five in Plymouth has the opportunity to do
so.
T'bank you for your attention. 1 have copies of these proposals for anyone who would
Me one. `J
PLYMOUTH HOUSING FORUM
MARCH 19,=I
SMALL GROUP RECOMMENDATIONS
Think outside the box
Proactive in identifying all stakeholders
Designing dit%rent types of neighborhoods
Look at existing housing stock
Getting local business mwelved
Change attitude about the word'affordable" housing
Encourage de%elopers to ceeate mixed use developments
Increase skills on explaining housing issues
Look at ways to dowTisixe housing units
Look at corriage house option (accessory apartments)
130come pmestive in enforcing comp Plan
Acti%ely work to get state budget money (1%)
Land Trust options
PublidPrivate
Donated land.
r
961
PLYMOUTH HOUSING FORUM
MARCH 196 MI
DISCUSSION COMMENTS
FUNDING FOR AFFORDABLE. HOUSING
Actively seek out funding sotrras
Change tax structure
Budget.deRcits ate an.issue
Need to bring resources together ata system basis
Fund SS
Financing needs to be simplified
The federal and state governments need to step bolt in with funding
Look at land trusts
We need involvement foot the state and federal governments
Increase use of TIF
Federal or atate Ss
FEES/ COST OF REGULATION
Take out fns r d regulations to being emits down
Unnecessary regulations fnce prices up
Regulations could be telazed
Revisit rubes and regulations in the City to lower costs and think outside the box
Cannot control cost of land; however fees assopated with development sbould be looked at
park dedicudonk building permiQ
Look for ways to reduce regulatory requirements
Reduce various fees (water & sewercotmecdon fees, etc.)
tuwncial and decreased regulatory incentives for builders to build more afl'ordable
Review redrapt--e ottoractors have trouble widr building dept,
COST AND SUPPLY OF LAND
Purchase land and enter into restrictive covenants or leases .m create affordable housing andmaintainit (land trusts)
a Community land trusts- have city be mote proactive in buying land
Cit. acquire land for development. to make a trust fund, draw in other agencies
the cost of land is tieing driven up by the MUSA line
Land trusts
Land. Trost" as in Minnetonka; public & private and/or donated land
Acquire land (by the City or HRA) control of land w -d enable control of development
Identify public and privately owned land for sale or trade for housicg development
Government has smock of land -open space Idm* land' for availability for howng or
aubaidize land for building affordable housing
What is atone critical to hwnans, open space or a decent home? What benefit is open space if
you don't bave a home?
City doeso% have a lot of open space, land acquited for that purpose can't be changed
For developers that can purchase large land alas beyond the current staging aM the City
should allow muster plans that meet other cityge* to supersede dw swgW&pkm(asiM as
the developer would agree to pay for some services)
DENSITY AND LOT SIZES
Use density bonuses
huxense density
Redefine single family zoning to allow more homes per acre, single family mixed with twin
homes
Flneoursge greater density
Density bomuses
Reduce lot sizes
Smaller lot sizes to make the most of lend
Reduce lot size
higher density single family z nog that allows a mix of twin homes
h • Hiigber density and density bonuses; ruining out of land
Higher density allows more open spar generally
City already planned fbr density infrastructure would support at time of Comp. Plan
Look at higher density
Plymouth is not active enough in striving for public housing--dnere needs to be density
bon•ses
Plymouth should definitely enforce density requimments; a lot of time, density requirements
we lowered due to neigbborhood opposition
Developments with less setback requirements, smaller streets and density bonuses to make
development cheaper and more affordable
The City should allow flexibility in zoning--tanallet lot sizes and smaller units, density
bonuses
Institute density bonuses
Reduce minimums, on sq. ft., etc.
Density bonuses
Give density bonuses for affordable housing development
Concentrate on rentals and higher density
Revisit & reassess situaden of existing land; large lots can be subdivided
OTHER PLANNING AND ZONING POLICIES
loclusionary lousing
City should follow Comp. Plan
Need to emoted implement Comp Plan
Carriage bouse idea is good
Look at infill on existing lots
Make the current sonirag map have more rainbow colors scattered throughout existing colors
More flexibility with kxmon and design of accessory dwelWag units
Yidty ndes and regulations need to be charged (sabocks, lot sites)
Review the City's goals and see if they need to change to be mote eaforeeable
City is mviesing its rules and regulations to determine Where them is flexibility
Carriage House" system?
Focus at 1 on what the City can do internally to promote housing which may include
looking carefully at the .regulations and ordinances in place
DESIGNING HOMES AND NEIGHBORHOODS
Mixed use developments
Creative ways to build—diverse land use • mixed use
Housing above commercial areas
e The City should encourage developer to create mixed-use ..velopmeats, Smart Growth
Mixed-incoma developments
Thee should be a list of best practices available from other places her and abroad, relating
particulady to the oration. of downsizing housing
St)le of home needs to change; commercial on bottom with housing above
Building better neighbo thoods; make sure commercial is peva friendly
Housing should be downsized
Need to change peoples' attitudes and expectations for what a home needs to be; doesn't
have to have all "bells and whistles" and be so large
Lifestyles may have to change
Smaller housing units
Modular or panelized.construction
EDUCATION/ PUBLIC INFORMATION
City.fonnally recognize citizen opposition to affordable housing
Ongoing.education for citiamry
Educate people on.density issues
Education of public on work force housing issues
Change public opinion on affordable housing; when new developments ate t-oposed, the
City only hears from the people wtko don't want affordable housing in their neighborhood
Educate the public- get the work out that it is not a negative thing. Keep the education
simple. It is easy for the public to get confused when details are added to the explanation of
affordable housing
More public notice for development projects
Opposition Brom neighborhoods is tremendous a -ben it comes to the subject of'Wordable
housing"; there needs to beeducation to help erase the dark cloud that is affiliated .pith the
subject ..
J
Community education is noted. We need to let people know that them are benefits to a
diverse population. We also and to define tams for people.
Through community education provide oppototnity for people that ace currently living in
Plymouth to understand the benefits that they will gain * creating more affordable housing
Get a communication piece for the general public uhrming usof all the various regulations
that affect affrrddAlity old thea get.a dialogue regarding what's necessary & what's optional.
WORKING WITH DEVELOPERS
Solicit do%-Jopers for specific pines of land
City should exercise tank leverage on developers to force affordability ifthey want to build
it, Plymouth
City should take the lead with developers
Developers of the larger land parcels could also belooked ibr ideas
What is the City doing to entice developers to come here?
City should be more active in encouraging buildaa of affordable housing to submit proposals
for development or redevelopment within the City
What is being done to entice developers to this area?
WORKING VI'ITH EMPLOYERS
Look. at mere business involvement; only so much city & government and nonprofits can do
t • Business is important—so many people don't live here but work hese or vice vasa
Ide nti.`} large businesses with lots of land, bring thea to the table with resources
Try to get more businesses to provide incentive to their employees... i.e. Pntdential
The City should wort more closely with businesses
Only 12% of Plymouth Police force actually live in Plymouth, that is a problem
We should look to the buain ess community for ideas and promotion, rather thin economic
support
How plentiful nue lowincome jobs in Plymouth?
WORWNG WITH OTHER LEVELS OF GOVERNMENT
Work with others to get State to ser aside 1% or budge toward affordable housing
MHFA regulations --legislature should loosen
Work together regionally
Lobby State to change regWnrne nts
Stand aj*ast stare, challenge issues a be proactive
City should go to state legislature to encourage or authorize city power or permissibility to
mandate "inclusionary lousing" (or that a certain amount of new construction is affordable)
Instead of inclusionary housing, the City needs to ask the Legislature to clarify our power to
mandate affordable housing if zoning change, and give us the power if wt don't have it now
F)
GENERAU OTHER COMMENTS
City should be tare Proactive; fmoncial support, acarol & veebal support
t inl'butoftbabo:"
We need to idm* the faces thetPrevent. offbiftle housing from being built
Recognize retatim*ps of bW4in& jabs and aumportation
Taxes too bW not MM GA)MM Nay got+d
Look at older housing stock for a0bulable housing oppattmides
Problem getting vMnv--tired of some problem. id=* =me new soluboas out3ide the box
Follow through with statemewts to go abee d
Can Amp mlYffing fftbey pm their mind to it
City dmM
dim'dopu, and g cross,uctor collaboration with. city, btesioases,
noul
Need to troaspWtodw as well
Save existing baasa
E.mite developments dauld be a8adable boWng as opposed to a small percentage
Don't vrant to see the anvboament (water quality, wlakesbore) impacted due to
oarnpromin for love+income dousing deWopn ent
Roads should be in place prior to developmeat in undeveloped areas to take oa the traffic
Problem associated with one person per vdade
We need to concentrate on public MV011mtion to support worldorce housingcmdvifyisby
Communication sawn groups is also impotmat
Provide means fee. mcre hoagie sharing- c ouhi use a clearinghoore to matcb up people thatneed ", such as the elderly
Getting dre volmne UP will ease the tight tenial market
Must have divetsity
Does the City haft the power to Mguifedibrdable bousW.
City be creadve
Concewtrate on rentals
Plymouth as a community wads to cope with problems that ore not easy to deal with KithM=&% visions so that more affordable housing can be bui:t
How do we preserve existing affordable hawing?
Get valuate built` tenial units espeewly
Carry our weir d in region for affordable housing
WSUN - Nees Archive
i at;-_ilnx-.nuiti:yrmi. fay online -
Select a Town:
fir;! •.,
lot asceni
i FarerKe Cale
Affordable housing: dream or
Nat fliraetory
Nutrition Cak reality?
w aft
Contut SYe Newspop m
t]tamed 3M103 R02:a0 Af+>)
At Su 0o you wonder hrlq the cost of how" keep going up?
wander If anything can be One to make housing more afibN9
N . what is a housing,• athyway4
ffigi
suns About 100 people allWKft the Plymouth t busing Faun Match
19at Pbmohtm CM* Cerar nears nwessnta m Qom fuse
the Twh
i C war d l i l l po bhtarbit h Council On.
AlNrdabtere
Flonsh
l f% —moonDon ureas questions, as wag as many Dinars
tela to haL,*q In be Ply woA arm.
Skttorre
Wata1 Ilwio Dart 2 The issue of aradabls housing b not new or tiedtad loft
conn a Of Plyllmw laid Mayor Jor rem".
ad"
A recant study by Mmdtald Research and GVA MwWa to advhsorl
IMSOMMURnalwa BI owed that 2GAN naw hausimg urhits willbe rmads In the metro
NET OIRECTav am during the nw On yearn She Said.
Oaa&tayllfLl Dtuea
K P"00 peons to MMM Competitive In On bu*mM wand, It
Fans needs to a wide range of housift for people who wok a
to Maroon O! vretd to work In the commtnhib. Tierney said.
Let It 110 tont.m Tierney said she and New Nope Mayor Peter Endt are part of the
SM Mayas Tisk Fame on Affordable Housing, working on the
stwk regional Problem of affordable housing.
Search The Web
ppb e7 Alfadebte Iwusithg iS en Issue chat naedl to be addressed at all
yWROOgivelevels of governmerdt WAN" federal,• she said. •This forum is to
staloelholderl a Cirethce to Veer different points of view.
It is our hope fret together we can identiy sones viable options forSearchPtymouth.•
CRI Of pvmouth
Alfordeft housing has been a priority of the city for a number of
Page l of S
Pat to 12M) TVMQ
rhtaatk
MNSUN - News Archive , Page 2 of 5
yews, said An flames. tool ma sw for ere city.
In add'tia iera.to am" tle RedsrMoprtend Aulha fn In -
1976, the city stOPend Imre go' fund" for
laysiny and d+acged In boament tPnancLQ. MF) low% he said..
The db also hKxaasad duly levels for M its
Compretonsive Pian, Bomes said.
Whde affordable housing is hard to ddkm arty ddnaion has to be
connected to income, he said.
Spending 30 patent of a fan*% h an on hosing Is the
baranadt for what a %mM'a houebag should aril,
The oamtent average man" rent fbr a tvw.badroom sperbrent
unit in the dty is $1.056, he sad
In 1985 the average rant Ibr a Mobadtom apaAmant was $754,
o figure that has Inuessed 44.3 patent slnea.Omak Banes said.
The average monthly mortgage payment for the average home
valued at 5243.300) In Plymouth G $1.780 omk d6g prinidpok
taxes and intarasv, he said.
The average Iaorea.wes valued at 3200.851 In togs. Banca am.
Neaft sububa atmer a' No $acacias In 19rme101" the
averap4ahrad Marna coat 3180,11M In ,065 versus 5250.000 in
2001, he Said.
The average ho main Eden PisBia was valued at 3218.404 in
1495. ig to 3305.0011 to 2001. Barnes said.
In Maple Grove the averap horns visa val ed sit 395.142 In 1095
and 3214.82.8 In 2001, he said.
Plymoum has 15.178 singk4mft hmft units, 5,785
epattrnents and S,207 unets of otter types of mado la heuslg,
Games said.
The stock of aflbrdable Mousing has gone *am 10.11109 units valued
at 3120.000 or below to 6.050 units valued at$170,000 or below to
2001, he said.
A total at 0.743 units b..wly oaraaiderad affordable appreciated
too much in value to be ca vd t fed affordable in 2001. Barnes
said.
When to city created its Comprehensive Wan it set a goal of
having 35 percent of as new rental units be a8brdable and 21
percent of all new owned units afforda0le at 80 peccant of the
median family imxnrm he said.
A number of saunas can be tapped to hWp malts housing
http,/&-ww.mmn.cotWuchive.asp?display=story28tycm-2002dtsuwyM=85963 4/11/2002
MNSUN - News Ambive Pace 3 of 5
http:llwww.mmuacom/archiveasp?displayasmry2&yeara2002&story!D=85963 4/1lr'2002
att+ordeble. Among tom are the todarel Coentsuiiy Oavaloprront
dlodt Grant Prow awk flans brnsb wd Partr mfr Program end
Section 8; the amts Mlrosota FGhenoa Agency and
Meftpoftrt Council and coin Allorda0lo Incentive
Fund, s said
Some devdopmerhla, such as Slone Creek Village in Plymouth.
wok years to put b d% padtagoo Moan many dilftent sources
tDgadtar. atkxwag them to peace affordable units in Oak
daralop ra ft he said.
Bufldars assodolioo
Rick rat"
u on the !udder'sBIldomAssociationofCiliaslbousss
part of view.
The median incoeo fare %idy of lour in t e metro area is
S78,000. he said..
A family esmltg that much an. allord a $728,000 house. and a
eandng 80 pendent of the median bn* income a, affbrd a
5170.000 (house, Paeker said.
The Turin Cdies Is ranted seamed In housing eMardabdnbr among
the 25 larged metro does in ft United States. he sad.
C@U$e of a fads of evadable tatted, raw land is running about
i U50 per wpm loot, a bnislhad lot is running about 58 a square
fbot, and a thhialhe 'ham Is running about 575 a square foot
Bames said.
The value of the Onihslhed lot !heads to be an*4urih to one-third of
the talar tlristhed psdkege lo order to obtain 8narhndrug loom most
lenders. he said.
For every $1.000 the price of a house rises, it becomes
unaffordable to' badks.' Banos said.
As more aro move of the area is developed and as the prices of
existing !houses rise due to lack of sappy, it becomes almost
impossible to produce modest~ (housing. he said
Ilia valve of a house Is going up about 12.5 percent a year while
waken' salaries are only gang up about 3 percent at do role of
inflater, Games said.
This makes it very. vary df alt for people of limited means to get
a house.' he said.
If cBes inaeaso the densities they allow for housing, they also will
help reduce the cost of producing housing. Games said.
Asking more land available for development also would help
reduce the cost of producing housing. he said.
Finally. getting rid of unnecessary regulations would help make
Pace 3 of 5
http:llwww.mmuacom/archiveasp?displayasmry2&yeara2002&story!D=85963 4/1lr'2002
MNSUN - News Aadtive
housing allordable Suleidlsed f ltir a b e>i bur by Far
oast be at.lssat 1.400 square 19ml, but Banes amid he grow up in
a home 600ut 400 square feet smaller IM that oral tuned out all
Also, ls order to replace a too,' on a dwelling that o Mm Section 8
hags S Me owner oast hinean tnginaarto design the toot and
then get On ddlerent bida.lor the p*K Sam= seed.
Ifs hatch emskr — and — to th" gat bids holo IIM or
nae rhats and then woof. he amid.
14ft be part of a program 6 you new to do as for Barnes said:
People have to pug Me certain bads and s pone sane of Mls
atu1l'
OEM
MICAH represents 200 dot corgp m tae and 4,000
Individuals, said day Sorenson of Navarre.
MICAH advocates work on.loeal housing policies, land use acrd
other issues alkating attadabte tquaing, she said.
A lot c' wok has been done In Pynm%' she amid.
A member of MQ PtyntoaM Housing Task Force as wall as MICAH,
MMa Opens. asK *ft teed note affordable housing In PFymculh
to ensure our C oro ft YWdit.'
Nodes he believes in do dict. 'if you do what you always do.
yah 0 00 wlht YOU atNaya gQt,' Owens Q,uouraged GIV of 4ft to
look for new ideas and to work toward rne". the telly's dfbtdeble
houdng goals a ma6gr.
New pinwsbpnent should be contingent on. induding allbrdabte
housing unite, he said.
fm concerned Mare haWt been a some of urgency Pin meeting
affordable housing goals) In the dty.' Opens said.
The city can be mora proactive: add Berbera Brooks, a ew
MICAH member kom Plymouth. 'The cty should resolve to
actiively, support world9roe housing.•
Among suggestion presented by Brocim were the following;
Developers should be dmlw qed to meet the Comprehensive
Plana goals for affordable housing.
Staff should Mw by each parcel of land that can be ftvda d for
affordable housing.
Page 4 of 5
The HRA should acquire land on which to develop affordable .
housing.
htipJ/www.mnsun.comlarchive.asp?display-story2&yew-2002&story[D-85963 4/112002
MNSUN - News Archive
Ptyrncwlh-should join ub Wm con to support states NOWdm
for aflbrdable housing.
Owift bonuses should be allowed.
A cib comulodae should be torrrstd and an ombudsman
appointed to work for affordable hwAft.
There are costs to not doing affordable housingIn worktbrce
numbers. in city spend ft in not putting p upeitV onft tax roles,'
Brooke said. IN& stand oomurdned to w kwq with the city.
gevalopers and interested citimm to noel the economic needs of
ft cmrurw k.'
Sum= moans anyone who wants to Do in PtymwM vA be able
to do so, aha sft
nae ace ane w aoia. rmoo. too,. sin nsasyapma
win Oaaa: sst.ete.orsr aabinb mnaWi,Eam
C=W and mamlanad er Coutim MGM hORaCOha
i
Page 5 of 5
1)
The following specific implementation strategies are planned to carry out the City's housing
goals. 'these housing implementation strategies save as the Housing Action Plan for achieving
the goals identified in the City's Metropolitan Livable Communities Housing Goals Agreement
with the Metropolitan Council.
The progress epdatas shown reader each uNplemettation strategy detail actions taken from
January 1. 2000 to March 1. 2002.
I ABLE 12-2
HOUSING PLAN (CHAPTERS) IMPLEMENTATION STRATEGIES
No. Descrintion Titdn
5-1 Regulatory Barriers to Affordable Houshtg-- Study and malie Short
recommendations on changes to mnia& subdivision nal othei code requirements
that may be impediments to developing and maintaining housing affordable to
low- and moderate -income residents. including the following:
a) incentives to meeting Housing Affordability Goals
b) density of residential areas
c) offered parking requirements for multiple family residential development
d) public impro%vatent standards for new developments
e) preservation of the existing lousing stock and discouraging the renwo%ai and
rephicartant of smaller. affordable hones with more expensive homes
f) use of innovative construction techniques or materials.
Progress es gj3R002 – Study underway an off-street parking requirements for
residential devdopmetu and use ifinnovative construction tadmiques and
materials. Following a study ofthe Elmhurst and Elmhurst Gatnvay
neighborhoods, the Qy resorted the two neighborhoods from ASF --2 to RSF 3.
his action roulted in making a much higher per- etttage of the lots in these arms
conforming with respect to lot site and width. Both neighborhoods contain a large
sappy ofaffordable housing and part of the basis for the rercmrg was to help
ensure the on-going maintenance ofthis affordable housing srocl_
5-2 Housing and Employment Relationships— Study relationship hetween Shor.
affordable housing and the ability of Plymouth businesses to recruit and retain
employees.
Progress as of3/2002 - No stut{l conducted to date.
5-3 Impact of Assessments and Fees on Housing Affordability— Study the tmpa:: Shot :
of City assessments and. fees on housing affordability and lou - e: -income msidents
Consider the Feasibility of vaiving or reducing assessments and tees for new
housing that is affordable to low- and moderate -income re. de -:s.
Progress as of 3f3002 — No study conducted to Fate.
No. Description Timing
5.4 Housing Conditions-- Id ntify eatcenetationa of substandard, bligheri or Medium
deficient housing in adertn target Rousing Maintenance Code enfo!cemer t,
rousing rehabilitation assistance program and possible redevelopment.
Progress as of3/:00! - One area ofpotential concentration ofsubstandard
housing was iliantfled in the ZmAtust and Elnnkurst Gateway neighborhoods.
Ike Housing Main arm m Cade was etlforced and two houses were condemned
and demdlOmmL Fallowiaga study ofthe Elmhurst and Elmhurst Gateway
neigltborhoadk the MPA agreed to target this area by 1) ident6ft potential'
cheats and.whatprograar would bestfat their neer andthen 2) marketing dkese
programs in de taw meighborhoeds. As a eonsegnarom in lone 200.1. a housing
amelitiontsurAyand tmgroedmmnketitt efhouftrehabilitation assistance
pragwamss were cmdaead Ik srrveyshowed that most rapt adsmts -aced their
overall kou tgaomd dw asfdir to good al o ngh almost halfwere fI& years old.
Less than IS%oftke respondents were digrble for the RRA's Housing
Rehabilitation Loam pragrmn and ofthose respondents, less tkan halfexpmssed an
interest or a needfor rekabilAssion assistance. Based on the results. the HRA
decided nopublic action was necessary.
5-5 Truth to Housing— Study the feasibility of establishing a program to require. a Medium
property inspection and disclosure report before residential property changes
hands.
Progress as of3/1002 -No study conducted to date.
Short5-6 Ze ning Ordinance (Chapter 21, Plymouth, _ode)— Consider amending the
ordinance to addresad a following issues identified by the Housing Plan:
a). permit accessory apartments CLmodxr-in-law apartments') in single family
detached residential zoning districts
b) establish architectural guidelines to ensure that new houstng is compatible with
existing housing.
Progress as of 312002 - Amendments to the Zoning Ordinance permitting
accessory opartmnents in singlefamily detached residential Son hj districts have
been approved by the Planning Commission and are set to be reviewed by the City
Cothnctl on March 24 2002.
k
No. Dcaeri a. Timis
5.7 Fdnandal Support and Tabntcal Assistance for Mi ateawm and Ongoing
development of Affordable Honaog— Utilize the dowing-progiann and
techniques to assist in the development and rehabilitation of lousing affordable to
lour- and moderaw4mome residents (defined as housing ownership opportunities
affordable to families that make less than 80% of the metropolitan median income,
and rental units affordable to families at 50% of the metropolitan median income):
a) all available public: programs (including those sponsored by Minnesota
Housing Finance Agency DWAJ, U.S. Dept. of Housing and Urban
Development [HUD]. Minnesota Dept. of Trade and Economic Development
DIED], Metropolitan Housing Opportunities Program (MHOPJ) and private
foundation funding sources for affordable housing)
b) Community Development Block Grant (rDBG) funds, including continued
operation of the HRA's Hon Rehab and First Time Homebuyers programs
c) tax increment finning
d) HRA housing powers, including essential function bonds
e) Acquisition and writedown at lease of land
t) buy-down of costs (including fees and infmavcture chatges) for affordable
units.
Props ess as ofV2002 — The City and MRA have utilizedthe foAowbtg resources:
a) Public andptivatesfixoncial resources have been awarded to:
Stone Creek irdkV. AMA $440,000. MROP 51.565.00 to support 13
public housing undtn< Family Housing Fund $110.000. Hennepin County
800.000. Mebapoldoan Council 5200.000.
77W Reser, MWA 575.000. Metropolitan Council 5200,000, Interfaith
Outreach and Community Atmers (IOCP) 525.000.
Harvest ell.• MMFA 5100.000 (pending. TOCP 525.000.
A) fie City has awarded CDBO funds in support of housing initiatives including:
Stone Creek Ydiage - 5236.000
The Reserve - 550.000
Rammer Residences - 564.000
Harvest Mills - 540,000
IOCP - 520.000
HRA's Mousing Rehabilitation program - S225.000
RRA's First Time Romebuyers program - 5135.750
c) The City is considering approving 52.087.000 in Tax Increment Financing
Mn fsr Stone Creek rllage.
d) The RRA, through its Affordable Homing Account, has awarded 5130.000 to
Stone Creek Village and 585.000 to Harvest Mills. The Cry has awarded The
Regent at Plymouth 522.000.000 in housing bonds and refinanced $2.865.000
in housing bonds for Lancaster Kllage.
e) The FRA acquired a townhouse and resold the townhouse to a moderate
income first time homebuyer in February 2001.
fj Bit-down cast assistance for affordable units are includsd in the above
resources.
In
NIL Deserlufts Tient
54 Fivandai Support 0u Ed3ft Low and Moderate Income Rental I.onstog— Ongoing
Continue, though the rb"outh HRA, to opaate the followias progratas:
a) Plynmoutg Towne Square (a 974atit apartment building for law- and modeaw
income uniors)
b) Smdoo 8 Housing Assistance voudry program
c) Family Self-Sufficiency Program for Section o'clients.
Progress as of3/1002 — The HRA hasprovided S19S.000 qjfueanaal sgpport to
operate Ptvnrwrh rename Square between Jammry 2000 andMardi 2002 Dwft
the same dmeperiod the U& ftoremetu usjHowft and Man Devefopetew
HUD) kosprowidled i1.S9Qd77 fLmameid atxissmuee to operate the Saaion 8
progran In db My Qjftnowh. Alm the Gy hasprawb W S1S,223 &YouSh the
CDW PmV m and HUD hasp owded S21,80 to aperate the Family Sebt
St ioiemypre grrtm.
5-9 Section 8 New Construction Properties— F.ncarrap owners of atisting Short
affa dabde properties to renew their coa tacts with the U.S. Department of Housing
and Urban Development (HUD) or encourage and facilitate the sale of such
properties to new a%%TA s who will renew thine aenttacts.
Progress as of3/1002 — Va City and MU haws encouraged one ouster with a
Section 6prgfeet-based property who war raolhtg of opmq out grtheir astanusce
contract to renew the conuad. This encm raguse et has retained 39 subsidised
sou»homes: lib ether threes Section ptgject4losedpropernes located in ftnouth
ha%e not espreued an interest is gpdiW nut ar mnr mww*g theircontrects
5-10 Long Tenn Affordability— Utilin techniques, such as land trusts or propergr Ongoing
encuM ranee, to maintain ions tam affordability of housing receiving assistant.
Progress as of 312802— The NRA has incorporated the use gfrestrictive covemum
with resale restrictions in order to maintain long term affordability into the sale of
a ronwhante in the Pillage at Baum Cie& Restrictive covenants will also be
used in the assisted townhouse sales in The Rewe
5-11 Houft and Industrial Bond Policies— Develop policies to leverage affordable Short
housing beyond minimums required by law, and to geneate revenue to support
affordable housing eftorts of the HRA.
Progress as of 3129M — The Gy adopted a housing bond poly in July 2001.
5-12 Ttao idonall Emergency Housing— Encourage local social service agencies to hledium
develop a transitional housing facility in Plymouth.
Progress as of3/2002 — Staff is in discussions with a local social service agency to
d-vtop family transitional housing.
to
40)
J
Na.
5-13 1.IvabMly of Bausiog and Ndgbborboods—Caatimsa.to support atisting g
ptoomms that iuprove dte livab W of ltw*B and aei&VA boods emb as Crime
Wately Ckiase*M Mull busing. Pb"WA Apartment Msuagere Association.
Interfaith Outreach and Comemmiy Partnem PRISM. CASH. Hamel ine and NW
Hdmoq* Hlunan Service Cou vW.
Aoor as qf&QM–lie GV Continued to pro.>de tf 5twwWai d ftdWcd
stWort to due cdt ttgpraV=w droggh geaaalfiteds add CDBCr f&vk
5-14 Hou tug Nobtenance Mocadoo— Develop a voluntary education and Medium
inspection program for msmtg housing, with rehabilitation unstantce for mccane-
qualified residents.
PmVess as of3/1002– Noprogress to data
S -1S Housing Maintenance—Continue to provide technical assis'tonce and, as lender Ongoing
of last more, financial assist&= to townhome and condominium associations to
maintain and renovate modest -coat older buildings
PmSpess as of32002– No acsoaadonr have aeadedteehatoalorfmaedd
assistancefor housing maintenance since 200Q
S -l6 Rental Homing L¢emtag Program— Candoue to enforce life safegr and other Ongoing
minimum Musing standards fon au -rental units in the City.
as of -MM – ne Gly3 Rental Lint aftPtogram has liceared 5,919
rewd units.
3-17 Legislative Initta lues— Encourage and support legislative initiatives that provide Ongoing
incentives and eliminate disincentives and penalties for cities to assist affordable
housing, such as penalties for using tax increment financing and use of fiscal
disparities payments for affordable housing.
Progress as of3I2002 – 7h City and HRA cow&w to be active a pporters qf
aa. -ions lggidadw initiatives that assisr ae6rd @ hoastng dr dopnew
5-18 PtopeM Taxes— Supptm equity in property taxation for non -homesteaded Ongoing
residential (rental) properties
Progress as of -wood, – flee GOP has eaeonrogedpardcoadon in the 4d Rentat
Property Tax progrant %*ick recluces the property tans to anpert+aet of the
prope"y value. Ihreeprape Wes haveparticoatet, which have maintained 151
affordable rentat amts. This prognmt is being disrobed as tax laws are chaWaS
and the disparity between hatnestead and non -homestead tax rater will be reduced
Ho. DuatdmMtn
S -l9 Fur 8ommue--continue to v ad Pmt so S ProBa wd Ongoing
policies;
Program as ofIQM - The My and MtA gwmm allpro8rom aeearft to Fad
Housigghw. TheHRAacarnw&pwd paftlawritingar#Swn /action
plan to M&M aaddL4dmte OW@dunmw mfairhouft doles
1
1-0
Adopted Minutes
Special Council Mewing
June 4, 2002
A Special Meeting of the Plymouth City Council was called to order by Mayor Tierney at
6:30 pm, in the Public Saft Training Room, 3400 Plymouth Boulevard, on June 4,
200L
COUNCIL PRESENT: Mayor Tierney, Councilmembers Harstad, Slavik, Wack, Stein,
and Hewitt (arrived at &SO p m.
STAFF PRESENT: City Manager Johnson, Community Development Director Hurlburt,
Housing Program Manager Barnes, and City Clerk Paulson.
Housing Program Manager Barnes reported on the Millennial Housing Commission's
report to Congress on affordable bousing. He stated this commission, which %vas created
h by Congress, released its final report after an extensive 17 -month study that included
public hearings in Atlanta, Chicago, Los Angle, Oakland, New York, and Washington.
He stated this report contains new production type programs for affordable housing that
would need to be enacted at the Federal level.
The Council discussed a report summarizing the results of the March 19 Housing Forton.
There were citizens in attendance that conducted an informal dialogue with the Council
on different sections of the report.
The Council discussed the concerns and issues that were compiled from the small group
discussions at the housing forum. These items included funding for affordable housing,
feeslcost of regulation, cost and supply of land, density and lot sizes, planning and zoning
policies, designing homes and neighborhoods, working with developers, employers, and
other levels of government. Another item that was derived from the small group
discussions was the City's education and public information ellbrts on affordable
housing. The Council requested that ;toff utilize the City's newsletter to educate
residents on programs available for affordable housing as well as highlighting some
Success stortea."
There was a considerable amount of discussion on the need to not only focus on new
de%vlopments for affordable housing but also existing housing. Discussion was also held
on the pros and cons of reducing and/or waiving hookup and development fees.
Adopted Connell Mlnuta
Speciol Meeting ofJaae 4. 2002
Yage 2 of 3
Listed below aro items that the Council requested staff to further review that could assist
in anceinagiog aflbrdable housing:.
1. Campaign for i nft (increased State funding fa housimprogrow4
2. Zoning review (chnaging some, requiraoetz such as lot wit % setbacks or sizes in
the RSF 1 zoning districts on a cose+by-ease basis}
3. Mixed mmsedevelopanets:
0. Including transit frigidly designs in new developments.
S. Business mvohVMCrt (working with de TVeim West Chamber of Commerce).
Schedule Fatare Sob Sessions
The Council amatI the 1-494 Corridor Commisdoofflighway SS Corridor Group item
on the pending Study Session tial by deleting the Highway SS Corridor Groupportion as
a report would be provided to the Council at one of their text Regular Council meetings.
The Council discussed whether a discussion on the City's sign ordinance should be added
to the pending Study Session fiat. However, there weren't three Councilmemben who
supported this item.
City Manager Johnson suggested that the Council schedule a Study Session at their June
25 Study Session to review the City's web design.
He requested the Council schedule Study Sessions to discuss the concept plans for the
lower level of the Plymouth Creek Center. the proposed dome for the tennis courts at.
Oakwood Elementary School. and the proposed 2003 budget.
The Council removed the eraft calming program item from the June 23 Study Session
and requested that the report be placed on a regular Council meeting agenda.
Kglji n was made by Councilmember Black. and seconded by Counrilmember Hewitt. to
schedule the fbllov inn Study Sessions:
1. Budget Sessions on August 26, September 3. and September S (if necessary) at 7:00
p.m.
2. Discuss the concept plans for the lower levet of the Plymouth Crack Center and
proposed dome for the tennis courts at Oakwood Elementary School at the June 25 Study
Session.
With all members voting in favor, the motion carried.
Adopted OMCD MioutM
Sped Meeting of June e, 2002
hge3 of3
A
Motionwas mads sy Councilmember Hewitt, and seconded by Councihnember Black. to
adiourn the meeting at 9:3S M With all members voting in favor, the motion carried.
Sandra R Paulson, Qty Clerk
n
M I L L S IU V I A L
COMMISSION
For Wmediate Release: May 30,20M
Contact: Richard Ravitch — (212) 218.7880
Susan Malima —(202) 789.4882
Midwa Patterson,
Communis Director
202) 565-9471 or (SIG) 229 -MI
Millennial Housing Commission Reports to Congress
Cites Need to Reform and Streamline Programs
Poor Hardest Hit by Lack of Affordable Rental Units
Washboon-- ening for "a new vision for the nation's housing." a biVanis m
commission created by Coag = today released its final report after an extensive
17,um& loa8 stir ftiuclt" public bearings held in Adams, Chicago, I.=
Angeles, Oakland, New York and WashioBtoa..
The 124 -page report of On 22-wa*er WIleamal Housing Commbnoa, co-chaired by
forma CaSSIMwoman Susan Molinari and noted attorney and housing expert Richard
RaviWk acknowledges that Americans are among. the best housed people on earth and
that federd housing support has ban "ve endoudy successful" for most bouseholds;
helping to produce a 67.8 percent national homeowoer*p tate '
But the report warns, "ibrere is simply not enough affordable housing. The. inadequacy of
supply inMWO dtammcdly sa one moves down the ladderof family curings. The
challenge is most acute for rental bousing in high an arms, and the most egregious
problem is for the very poor."
Other troubling signs, according to the MHC: More than 28 million Americans now
spend more than 30 percent. of income on housing; wortft a falbtimc job no langer
guarantees amass to dwW housing, and the homeownership rate for black and Hispanic
Anaricaus remains 27 percent below the national average.
s
his is not a report about specific funding levc!s. nor does it lay out quantitative goals,"
the N^iC document states. "Instead, this report xese nts a new vision for the nation's
housing ... to produce and preserve more sustainable. aRordable housing in healthy
communities to help American families progma up the ladder of economic opportunity."
Throughout the report. the commission stresses the importance of housing not only to the
nation's economic health but also to the overall health of socidy as a whole.
Success in federal housing policy needs to be evaluated not just according to the number
ofbo>sing units produced but also in tams of whether the housing produced improves
both communities and individual lives...It is time for America to put these quality -of -life
considerations on a par with cost considerations and make housing programs work to
improve communities and individual lives."the report states.
In all. the MHC report outlines 13 principal reeonnrnudations grouped into three main
categories: The creation of new housing tools, major reform of several current housing
programs and the streamlining of existing program no key recommendations as
outlined in the report's executive summary follow. The complete report is available on
the Millennial Housing Commission web page. %mm—mbc.eov.
Near Tools
Enact a new homeownership tax credit
The Commission recommends a stataadrrtinistered homeownership tax credit,
modeled on the sunecesiW Low incerne Housing Tax Credit for rental housing. States
would be able to use this flexible credit, under a qualified allocation plm for two
purposes. In qualified am= tracts. wham rho cost to build or rehabilitate a unit will
be greater than the appraised vain of the completed hom% states may use the credit
to ofCaet the developer's total development cost. A credit used in this manner would
thus serve a community development purpose in addition to providing a new unit at a
cost to the buyer that reflects local market conaidone rather than the otherwise
prohibitively bmb cost of devdapaim Or. states may allocate the credit to lenders
who in tum provide lower -am mortgages to qualified buyers. In either fomh, the
credit will extend the benefits of homeownership to lowincome households and the
communities in which they doose io live.
Support preservation wtth a brad system of tools, be&oing wlth exit tax relief
The stock of affordable housing units is shrinking. Some properties are in attractive
markets, giving owners an economic incentive to opt out of federal programs in favor
of market renft and many owners have done so. Other properties are poorly located
and cannot command rents adequate to finance needed repairs. In genual. properties
with laser economic value are at risk of deterioration and, ultimately, abandonment,
unless they can be transferred to new owns. To remove an impediment to transfer,
the Commission recommends that Quip= ramognize and authorize'presmilion
entities," organisations that would acquire and own such properties and commit to the .,:
preservation of existing affordability. The Commission further tncommends that
Gbnpm emct a preservation tax incentive to enoouaage sellers to transfer their
properties to such entities. Subject to we housing finance agency over&*% an
owner who sells to a preservation entity would be eligible for exit tax relief.
Provide capital sabshf&s Mor the production of units for net, paney by extnmel+
low4ricome hmseliolds,
This new tool would address the multiple problaas of housing inadequacy that bear
most heavily on extremes lowmincome (ELI) households, most of whom report
paying well over half their incomes for housing costs. The most dramatic problem is
the severe dmtgp of available units. No production program currently serves these
households, and a d0ficant portion of existing units do would be affordable to
Inco. of these families is occupied by higeincomo households spending less than
30 percent of dkw incomes on lousing. The capital subsidy would be used to produce
new units and/or preserve existing units for ELI occupancy, eliminating debt on the
mrits^and thus removing the debt service component from the household's monthly
rental payment. No Wore than 20 percent of the units in any one development would
have EU occupancy restrictions. This program would thus result in more and better -
quality units for ELI households and a degree of d<oencentration of poverty.
Road a new mhted4ocein% multifamily rental production program
In most hounig markets, an increase in do housing supply would be beneficial
because it world lover rens at all price levels. Scarcity begets higher rents. The
Commission tbaefore recommends a now multifamily production program with
modest federal targeting requirements that, because of its relative simplicity, would
attract private capital to produce multifamily renal housing. The essaoe of this
recommendationis to'take the limits off of states' ability to issue tax-exempt debt for
specific housing and community development purpose. States may choose to
allocate the resource via an allocation plan in order to target production to specific
areas, such as those dauactaiM by employment and other opportunities that would
be particularly beneficial to the low-income farmher residing in the rent restricted
units.
Mita strategk coo mall devdopurent. by empowering state and bed
goverummts to bid herding streams.
State and local leaden have trouble cookhrnating affordable housing activities with
otanaportatior . economic development, employment, training, childcare, and
educational activides, because funding for such purposes is delivered through
separate fbdeal-to-serte finding streams. To facilitate the combined used of such
funds in support of comprehensive neighborhood redevelopment, the Commission
recommends that Congress authorise governors to set aside up to 15 percent of
federal block grant funds received. Funds could be combined and used for specific
projects developed with the support of local govanmant(s Funds world be used for
qd the same purposes as they were intended (e.g., job training, childcaum transportation,
housing, social serviced but in support of comprehensive neighborhood
zedevelopment. Localities would undertake a comprehensive planning process with
meaniagiiul public ingot to aeate a holistic development strategy for a particular
neighborhood. Projects selected would benefit from consolidated review and
decision -malting Governors would have limited authority to waiva federal
regulations that int 16 P with the cornbined use of funds.
Major Reforms
a Transferor the pubik boasiog program.
Public housing agencies (PHAs) aro eaumbered by federal regulations that
undermine local decision -malting authority and make it difficult for PHAs to provide
quality housing to low-acon a Meanies. For example, tier centralized system of public
bousing funding--wberein funds flow to.PHAs as a whole and not.to individual
properties—makes it difficult . for PHAs to Stunme needed capital improvements
through the private markets. Meanwhile, federal funding. for such activities has fallen
short by approximately $20 billion to date. To transform the program the MHC
muds a gradual transition to a project -based approach, with subsidies flowing
to specific properties based on the rats that unitswould command after any needed
renovation. This transformation would enable PHAs to rehabilitate properties using
funds borrowed in private markets. If feasible, obsolete properties could be
repositioned using the HOPE VI program. The recommendation also addresses
troubled agencies, the program's overly complicated rent structure, and the
disprop ntianate regulatory burden on small PHAL
Revitalise and restructure &a Federal Housing Admibktration within HUD.
Revitalizing and restructuring FHA a an urgent priority for congressional action.
FHA's multifamily insurance is an indispensable tool for stimulating housing
production, and its single-family insinuate extends homeownership opportunities to
low-income i imilies and minorities. FHA's potential, however, is limited by its
outmoded structure and confining statutes. The Commission therefore reoonunerds
that Congress restructure. FHA as a wholly owned government corporation within
HUD, soverned by a board chaired by the HUD Secretary. Such a structure would
enable FHA to adapt its programs to evolving manias without relying on Congress to
legislate each ehaoS% and it could be accomplished with no substantial budget
impact. It would also enable FHA to invest in technology, leading to increased
efficiency and reduced risk, and to attract and compensate stafl'at competitive levels.
securing the ddb needed to manage its nearly SS00 billion mortgage insurance
program. Equally
i
I - - ut is that under such a restructuring the FHA would remain
with HUD and would be an effective force for the production and preservation of
affordable housing. The Commission also salines recommendations intended to
provide FHA with ooze flexible multifamily and single-family operations. If
Congress chooses not to restructure FHA, the MHC recommends that its proposed
improvements be implemented within the current FHA organization.
4
End cereak hoaelessimm
Homeless Pomiiies and individuals geoaally fall into two categories: the transitionally
homeless and the uanically homeless. Transitionally homeless households need.
adequate bous mg, first and ibremoa% while those who aro chronically homeless
con6omt health or substance abuse problems in addition to extreme poverty. With it-
to
t:
capital subsidy Gu units targ ed unrclusivelr to extremely low-ir atn households
and its recommended improvements to public bowing, voucbem and the HOME and
Low Income Housing Tax Credit programs, the Commission believes that the tools
needed to end transitional homelessness will be available. For the chronically
homeless, permanent supportive housing, which combines housing with intensive
rehabilitative and other social services, is needed. The Commission recommends the
elimination of chronic bomelessness over a 10-year period by the creation of
additional units of pcimaneot supportive housing and tha transfer of renewal funding
for such units to HUD's Housing Catifieste Fund.
Over tim% establish a work requirement linked to housing assistance.
As with odier'mcaos-tested programs," a household qualifies for housing assistance
based on its income. Housing programa that art reals at a percentage ofhousehold
income create a disincentive to increase income through work or marriage and a
powerful barrier to household movennot up the ladder of economic opportunity. The
Commission recommends several measure to move assisted families up and out of
assisted bowing units, overtime, through a combination of work requirements and
supportive services, enabling them to increase their incomes and f acing up the
bonging units for otber, currently unassisted families. In. addition, the Commission
m oommemds continued mWe imentation with and change to the tent stricture of
public and assisted housing to reduce the disincentives to work and marriage.
Strenmdiahng of Esisthrg programs
Expand and s&ug hem the bossing choke voucher program.
The voucher program serves 1.6 million households and is for the most part highly
sucoessful. In some markets, however, program administration and regulatory
complexity create an efectivedisincentive for private owners to accept voucher-
holding ouchesholdingtenants, especially when owners can instead rent to unsubsidized tenants.. The
Commission recommends incresed authority for local program administrators to
change pgmmt standards in response to market conditions, and, recognizing the
versatility of the program, it proposes measuresmeasu to match voucher holders with
services that complement efforts to embrace employment and other opportunities.
Additional rations sirengiben ad enforce the requirement that owners of
housing luoduccd with federal assistance accept voucher-holding households--
including extremely low-imeome households. for Whom the Commission r MMMds
a special type of v xbu-4n all cam subject to a local cap to encourage
deconemtration of poverty. Finally, the Commission asserts that the voucher program
is Qstmctly worthy of additional Grading in substantial annual increments.
Rehm the HOME sad Low Income Housing Tax Credit programs, and
Increase Qrnding for HOME.
The HOME and Low Income Housing Tax Credit programs are both highly
successful. Outdated rales and regulation, however, inhibit their potential for
production and preservation activities, particularly those that would Frovide new or
rebabilitated units affordable to the lowest -income households. The Commission
recommends elimination of these Hiles and of programmatic complexities that burden
Project developers and owners. In the case of the tax credit, the Commission
recommends elimination of unce taiodes that can spoil investor appetite. To support
the efihts of former welBre recipients, the Commission calls for a dtge to the to
code to allow states to use Temporary Assistance to Needy Families (TANF) funds
for one-time grams to tax credit properties. The greats would be used to reduce the
rents on particular wilts, which would be occupied by workivj poor. including former
welfare, households. In the case of tbe HOME program, the Commission
recommends substantially increased appropriations.
Improve the Mortgage Revenue Bond program.
State housing finance agencies (HFAs) issue Mortgage Revenue Bonds (MRBs) and
use the proceeds to generate angle -family mertgaga. A statutory provision known as
the. "10 -year rile" limits HFA use of scheduled repayments andmortgage
prepayments and has resulted in substantial lost mortgage volume to date. This
provision should be repealed immediately. In addition, as long as income limits we
enforced, the Commission recommends repeal of purchase price limits, as %%.-I as
restrictions that limit eligibility to first-time homebuyers and restrictions that apply in
some states and limit eligible Veterans. These measures combined will half :o ensure
that HFAs maximize the public benefit associated with bond issuance in the interest
of promoting intership for low-income families.
Revise federal budget laws that deter affordable hosshg production and
Press "dm.
Budget laws inhibit the U.S. Department of Housing and Urban Development (HUD)
from entering into contracts requiring more than one year's funding. As a
coosequenx, HUD cannot offer the owners of multifamily housing multiyear
contracts for rental assistance, and owners cannot obtain fimncmg on the terms most
advantageous for capital investment in the affordable bossing stock. As a practical
matter, Congers has new piled to appropriate funding to renew existing contracts
for rental assistance. Tae (.commission recommends, therefom that funding for rental
assistance be moved to &a-mandatW' category of federal expenditures, so that
private -sector lenders will be willing to finance repairs. The MHC suggests alternate
measures that would have the same effect.
In a tdidon to the principal reaom niondations described above, the Millennial Housing
Commission endorsed a number of supporting reeontmerndatiops: increase funding for
housing assistance in rural areas; increase finding for Native American housing; .•
estabft Individual Hmmownm*p Development Accounts to help more low-income
bouseboids buy homes; allow bousimg finance yencies.to cam arbitrage exempt housing
bond purchamrs fiaam the ,Altemative Minimum Tax; undatake a study of Davig4koon
Act mpikanents; address regulatory barriers that add to the cost of housing production;
streamline pate planning =Wdrwmts for community development programs; expand
the 6namcim ;options for small multifamily properties; Mar a secondary market for
development and eon*ucdon lending; launch a demonpration project for eomprdmWve
commumity development: improve ==a= education about home ntartgage heading; improve the atxxsa of mamafackn-ad home buyers to capital markets; affirm the
imports m of the Community Remvestmem Act; and affirm the importance of the
government-sponsored enterprises.
SII#
The mmemw Hmmi% cwUd sim
800 Nath Capitol Street, NW
Suite 680
Waw DC 20002
202-S6S-M
wwmmk
r
41f
u1_u7
CITY OF PLYMOUTH
3400 PLYMOUTH BOULEVARD, PLYMOUTH, MN 55447
DATE: June 14.2002 for Housing and Redevelopment Authority Meeting of June 20,
2002
TO: Plymouth Housing and Redevelopment Authority
FROM: Tracy Jones, HRA Specialist through Jim Bermes, Housing Manager and Anne
Hudbutt, Executive Director
SUBJECT: First Time Homebuyer Application for Ruth Zhanay
BACKGROUND
Ruth Zhanay submitted a First Time Homebuyer application that was denied by staff on May 3,
2002 (see attached letters While ML Zhanay meets the income requirements of the First Time
Homebuyer program, she was denied fining because she is able :o qualify for the purchase of
her townhouse without our assistimm
ML Zhanay is requesting that the HRA Board of Commissionersread the attached e-mail
messages and reconsider the decision made by staff to deny her funding through the First Time
Homebuyerprogram.
I recommend that the Plymouth Housing and Redevelopment Authority Board of
Commissioners review the decision made by staff to deny Ruth Zhanay funding through
the First Time Homeboya programa
ULVACCei 1u i a !`i
1. E-mail received Som Ruth Zhanay on June 14, 2002
2. E-mail received from Ruth Zhanay on June 11, 2002
3. Denial letter
WPW 2Y WdkIWWM d DMbpmeatlH MR JMRA%I AFFREPWRAI2aQZ% Fan Time HmahuM App Ruth Lewy 620-02.dw
Tracy Jones
From: Ruth aoaroAHmttrdLft a m
sent Fiideor. June 14.20M 1154 AM
TO: ones®d pynwulh mn us
Subject MOUSING AND REDEVELPftENT AUTHORITY
Mi Tmy. vroo
I
you own provide a copy of Moe mid I sent yw an
0611-02 and Mono owdi tw
C -,::. a ka,. a .-
BOARD OF DIRECTORS
Deer ens:
I am wnlft in hopes tont ym wM reverse to deddan and pram me toe
assts w= under Plum Ate First Time Homebuyers papa..
First, a WJ* dwA me. 1 om an bnmoiprent ham Eaoada who hss Iived in
Amerba for seveneers. 1lhens Oval b;;mouth wm 11195 and have bean
e mpbyed for 6 twos at Hwft AMwumh 1 mine my fang lemf V. l
have Wow to bva Amwim and 0't my home.
Due to my Mu igrant status, l hens had a herd Wm fimnd Qy. Far
example. ) have had a vary d u t em aatafdrnrp cedit and ahm
Ike Sears vrom't accept my dwkik beomuae bre numbers was loo low (sane
ems ago. l wean! able to buy a $35 dAw bbw for brat raa wo I
OW tar more foam one year to pet my NO aeW axt l co Adn't
Insurance a air. beaame 1 didn't have a drNm 0oeme for Maes ywra.
Fm not oompl k ft but 1 just ward you b wrderalend fAat t have very
M de matey, wW mud utak bard for evarytotng 1 pet
Ever sk=1 got settled. l have dreamoed of omrnnop my awn home. AMmugh 1
hm waver asd. very mucto money. l have saved every possible penny so
hxt 1 Gnuld someday bq a house. to 2000.1 was readbrp bre City af
Ptymoulh News, end saw an wticls that made me Drink my dream could acme
he. The attic said fret bw4r4=m people Ike me Gadd get an
Interest *w ban to buy a Poll Acne. Tire maximum gross hwAdi ld moans
by household aft l person 133.450. appkwde vrfl ba served one
Gm$com bat4 wad boots. as Mrding Is ava9abla. Riglot away. l
requested bofanvwd m from R ll m mca Shen d boa CWq of Pymmto.
Later in bre same Cf of PlyrnwMo News trate area aroclloer wlft Moat Moe
tMiA hes Mods b ho a Vft hw eboyars purNso a Inmos at The Reserve.
The a w d requnernard limed b oludltl b get Moe MRA assismno N aW
tlomoebuyas moot be We to sanure a frost noortage from enapproved
lw dw.'
Then l Irnew feet 1 asadad to gene as much as pa DA mid to tm a parting
JOIN ewra---- -Iota. DAInalfttorecOnvok
eai' 10 Pat needed lfy byb! nOsea for tlis mo lpa01 bNba to pat
the NRA assisterros, You meet have capias at City Pymadh Nem I can amid
a copy to be naoawry.
Altm 1 attended Me Fkd Nome &glare dm=w Mary Bww t ham Cwnnwmiy
Action told ma M appy tar fns mrorlpepe d RMG. Ager 1 dbammil my
tbrmncbl dbWAmr. Erle 100ra ham RUG told no that 1 could pet
aubl use ham Mm uth bmxruee my law brooms mist tie puiddirm and Me
lWU hams trot 1 was v trg to bW was in Pbmwuth. Erbn was mo cor fdernt
Md ay MA Goad Fa1M EO mdod dated MISM krdudad to Pyr= M
haudmokorL ftnauthat
MdW M* vMh fie r elm m as to X19 Fleur
igplic 11% ebr ra as 0e, The
CII markt ae a td d tenders fret 1 ancur l a1 1 1
Erin ham RUG 111 tgoge tried to awed my real eavtnM d* Wan didnt want
tom, I whet 1 capA ft dobrg ov*Vm In fre.ILbrre, ar f 1 pat a pmt
furs J&
Wilk Bmb hen USbw* b prat Me CW=I e. Bmb awn Md N do Mae
ovedina l do ovatbo when my Mona tat me do. l tdd Barb Md N
W Wk d OlUld any WO 074M be== i doM Irene a ar. tut Barts
pryects that N be wank ft at Wnwt all year. Ifts pabrp to be dfRaull
to do Wmtae In mW flit line M boomme It will be loo far to walk or
m itch the bIkA ham The Remena. l undmetend that Barb as a pond bank
a An Want Io lend ae many as much as pWable.
In Fabnmy 20011 hft the City d my' -a ton to buy a mento ae at
Me Reserve b PVnarM. In ro ip, m, fr- Cly wo me lift . m about
The Pymculh Fid Thin H nrdx4w Prrrgram, Me Pmtlaipe M LwKWs ld mrd
I bdkm)o
r 1011-1rad ma farea Romw d
rI
In I at n
irnon Q
a aamq dated Med.11.01. for Po mdW Homebuyers at The Resmv& l dmpy
emit desaip a haw exdted l um Bacausa of Ma ft l was goig to buy
my Pod lana! Ive baso moth p a room far almost army years.
1 r-rnb n in aadad wfA Pymaulh during the summer of 20M because Me
Ragland moatrrp was paaljorred Firmly. e'Sneak PrW 11 nes" was
ldd on 07 01. AIM mredbrg, l spoke rdM Wm (CIIV d
PdmouM)wd Maxbra(vmmus iy AslionobwA the loan pmprem. They assured
me Md 1 was to line to reed- the lawn brooms First imlaff Duyms
asddmroe. 1 aonll ued to be to dace w I l wlh Udbw atter fwd.
To Mow w7M Ila pnriddkrea d Fbd Homdx mm. Mary told me to contact
US Bmrk and Barb Graham to be my landar. Lad Dw4I. 8mb Grdwn ham
USBenk am to the Civ ay prerpprond Ibr a loan. This preapprovd was
basad an the CWs Seale ante to rim. so part at my hanabuybnp process tate
tad year. l needed to d+ooee mama options Por my tovmntmn. and 11m bL*q
the appy to RaMur d hams. knowing 00 ft Pymroulh mom Would
alow ae to do oft
Siroa aMr IV% and gmddy mince 1 came to Mb awadry In IOW 1 work
te
car. and lived vay Wffi*. For axwrrge._..mmd dell t l a+led
Tmqddnl M& 1 caft f .Sa dolma.
my 'l. baemrse 1
As a real of my =mU mmragmmmk. llows managed to sera aver 110.000.
That meg make no sand rich b yah, but 1 can assure you that 1 have grad
On a pauper to save the much..
to WV V*20W% be a mtgAtlnme. l raoalrod s leiter hom TrM Jonas
bam the Cir. WWmA math g, Ms. Jonas bid me VA 6111=01 was
elp b as low 'A an ae. ft Cly wand not ghe no asslatsnm bsosaae
nom -vim more needy.
1 was very; vary sad. and. sick b ffiy aI n or' when 1 get qo Idler. Aa 1
IhougM nae about 1. I raised that my aavkag and good R+errdal
MMOMMMwaMftq egelnat ao. W years at sslhdmaW rtes being
rawmded vft rOaatlon bocam 1 was bo'tith.' M you andel have seen
madma
YbuV assmeerrdng to workf Mus" attlm
smpa - ft much wander In EQradort) and rldhrg my bits cr w o n
l
o in th
mmw ar rWq dada.. V6A sae mvs workb avwMi% arery Om vW 1
hwa A a ac 1 to do wmdms. and even during rtgi va=ftm - ON to am for
a harae.
On May 6.1 calad Ttaoy Jaws and t M to espWn al d 6fs. I pleaded
wlh lftW b reoonatd o my poW%t% and aha wasoing bg1ft vM Jkd
61ros and Megan and let me know, l dime! gat any re 114 1 As of June
40% 1 stip hadn't heard wgftrg, ft l sant the M an anal.
last week I taped vM Jim abed my petltlon. and 1 alaad hirn to Lel Mme
MrlbuA my oaomm add to to ow her my anal.
June 11.1 ailed Ann. b know abaA my pelliod, she told ma haat my
e was wm%ftnaL but lett 1 wand rot get Be as:—Iona, dawns Bo
10 1 meat the low l- o raquhmmnit.
1 had Loki Mns, itfab lilts ro bo betlm df buying a naw BMW - then
ybs 1 WON quit.
I nrs Lel you practically what Plyna M matey will mm to me. It
ams Chat 1 pad put more money drm, add M&M my ffW" paymaata, r1m
mg to put al my money for dwmpayrnmk, are an 06,2602.1 wE start
m 0.111 deed to buy a vaoun deaw. waft adtnm add a dryer. It
IM mean haat 1 am N as nW tmnld In Ewadw. my tailor is vary fi*
liars dd.V 1 am get pmrdsfion' from lLarft h MV4 0m ma a
e aahlon a my Job dkolod ever e' mron e ltndgM Vn ne a dit
oe of mind in a vary hard lie.
bap you to raoaawar WN" derision and kM nra eo 116.426. 1
are oomdad an th6 moray tar war two years, add road 1tso that lam
1W my now house. 1 am add 111 be a gaud and a respormitla f 111 0 Q
okm%o d b hdp vM the. Spwdsh bmalelbm al Me:Out Yak b 0e
Was Coker book) Please hey lift nWO me to end.
Rv>n
PhWogmk- 3 -N5 -4M
PRIVILEGED AND CONFIDENTIAL: Tft coenmftaU% h* d q o@rA Trent, isfarftaUMGI
011
ossa a and aft P, 11 bd .poPowll
as lderdNfandlbr p AkM. W l Pit . Ism- If M..aM not die f in Ilmol
k arG 4ONN oop .. di, dowre. duammft e' demon k
gMfb Pmhbed. U you.are rgt Lha idandsd ec Ipnt pkm nodljt
ftl a 'm Ynnred eum4 Olrra4un a+rraE ddele Mib oonanunicatlon arld
Raa: can
Sari Ttresdeq. Jtms 11.20021:44 PM
TO: us
Cf~ coni
Hdo Tmcy6 wadd ym pbm 0M tlds avid to Jim Games. beeause 1 dq
not have his and addtasa. THANK YOUI
N JYn.
1 woA Me Id you krlow Md alter teat w0h you. l asked Garb Aom
USbodt too" nre a copy d Ute loan malaIt Ural was aent to you. I
und sonenow bdbnnelorc
1. SALES PRICE d on house b: =1 8.61100 (hot 8124.25>' 04 Betides.
A naed.to pay far 9a a8mtoss S4.400 by myself at Ute doft dept
end abo baps Ute dryer.
2. HARTFORD SALARY. Is 8 208110 par. As I told you 1 try to work wnr*m
as much as 1 cart.
MART. MONTHLY INCOME b i 148.84 (riot 3=04 1 am fax you the
adwy alps Mot 1 emoted Garb old the last ones. 1 try to work ovw*m
and dutinp HaINeprs toe N wok d KmaR arty ung Juy 9111.1 dont
have a Car. hen ala Reserve is too fmr for ma to wa11t or ride Ula b9a
4. MONTHLY BASE INCOME: 82,060 I to fad We (not 54.254}
OTHER INCOME 1 suppose ft Ure l In an d d my eooamtk at Ute
most R wR1 be: i 150.00(not 1608.61 } Afbr my dart'Peyrrlod 0618, ro
daft pal any mlae Ude S150.Of1. Beeetrse. W give Ior my dawpeynlod d
Ute matey that I have.
L TARGET CD ACCOUNT 28 - VJM. 0: Ws an IRK a Raft and Plan
L PLYMOUTH HRA. 816.448. This anwurlt b also kuk" as pert d my
Liytid Assets. And Ude b Ur snlowd lhd rm V tnp to pat hornClIyd
PQP=dlf esebim L 100 NOT OWN THIS MONEY.
Jinn 1 would 16te you to review my app6esUon apasl. also 1 asked Barb to
sold yeu my loon paparwolt vM Ula cared amourtIL U IN rA oessary.
wadd you please Ibrwod Ude emd to Nen H.
Thank you.
menamw
PRIVILEGED AND CONFIDENTIAL Thb aommla kMft% tnckrdl attadan 0 In Is
far the uncItaivs use d addressee and malt o m I I proprietn,
pa film K ' andfor prmmw krfbmwjm U you are riot Ula intended
racylant any tree, eopyft dbdoswe. dbeemi mom ar dstrbutlon b
atrtdy pr d e l ad U you era not Ute Yltandsd ra IP' n please not6y
Ute eender 6mmedW* by rekmn eand, delete U1b u maad ww and
destroy an wpbs.
rpow)COF
PLYMOUTR
May 3.2002
Ruth
107133eAvmme North
Plymouth, MN SS441
Re: First Time Homebuyers Application
Dear Ms. Zhanay:
Since the City of PlYmouth has such limited funding for our First Time Hamebuyers Program.
priority needs to be given to applicants that need. assistance and not merely applicants that
qualify for it. Based on the fact that you qualify for a mortgage without assist moe born our First
Time Homebuyers Program, you do not need our assistance. Titus, since we have other
apPHcWft an a waiting list that are in meed of the City of Pl)nnou% will ad be able to
assist you through our First Time Homebuyers Program at this time.
If you have any questions or concerns with regard to the information contained in this letter,
please fcd free to contact me at 7631509.5416 or by email at fi2DM ti.niMgW b,mn us.
Sincerely.
54
Tracy L Jones, HRA Specialist
City of Plymouth
COPr Barb Graham. US Bank