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co.sou ^ <br /> EXCERPT OF <br /> 5 YEAR STRATEGY <br /> <br /> PRIORITY # 1: Promote affordable housing for all populations by <br /> increasing the number of affordable, accessible, decent safe & sanitary, and <br /> ownership units for Iow and moderate-income households. <br /> <br /> Private developers are unlikely to produce affordable housing units specifically for Iow <br /> and very Iow-income households without some financial incentive from the City. The City <br /> and Agency can promote additional opportunities by acquiring existing multi-family units <br /> for rehabilitation and fixing Iow rents for the life of the agreement, or by purchasing and <br /> donating land as subsidy to facilitate affordable housing development. This priority <br /> targets federal fun(~ to permaner:~ housing to meet the need for lower income groups. <br /> <br /> The lack of decent safe and sanitary affordable housing is evidenced by visible homeless <br /> populations, homeless families and individuals including a growing number of senior <br /> citizens, emergency shelter and transitional housing programs, and substandard rental <br /> housing where code enforcement efforts are necessary. <br /> <br /> The 1990 Census also indicates the extent to which a disproportionate number of Iow <br /> income and minority households are living in overcrowded and substandard housing. In <br /> order for the City to realize its mission to provide suitable housing opportunities for all <br /> residents and to improve the quality of life, direct actions must be taken by the City to <br /> increase the supply of affordable housing. <br /> <br /> The greatest obstacle to meeting this priority is availability of land, access to financing, <br /> and neighborhood opposition. The City's ability to acquire buildings and land and <br /> facilitate the development of new affordable housing will be limited pending availability <br /> of financing, housing policies and zoning requirements conducive to the development of <br /> affordable housing for Iow and very Iow income households. <br /> <br />IActIvItIes: I <br /> 1. Land Acquisition for New Construction of Affordable Housing <br /> 2. Rehabilitation of Existing Housing <br /> · Accessibility Modifications to existing housing <br /> · Minor home repairs and weatherization improvements to existing <br /> housing <br /> · Emergency Repair assistance to Mobile Homes <br /> <br /> <br />