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Update on Housing Programs <br /> Page 2 of 2 <br /> • Central MN Housing Partnership Newsletter <br /> At the July 2003 HRA meeting, the Central MN Housing Partnership mentioned the Life <br /> Cycle Housing Program,which ensures that 15% of new housing units developed in several <br /> Central MN cities are affordable. An update on the program is provided in the attached <br /> newsletter. It is initiatives like the Life Cycle Housing Program that the HRA might evaluate <br /> when determining an acceptable housing balance for Elk River. <br /> Home Rental Rehabilitation Program <br /> Home Rental Rehabilitation Program funding is available through the Central MN Housing <br /> Partnership as a loan with a 0% deferred interest rate for the rehabilitation of existing rental <br /> properties located in several Central MN counties, including Sherburne County. The <br /> application deadline for this funding is February 13, 2004. As in the past, staff will forward <br /> the attached program information to Elk River apartment property owners/managers. <br /> • <br /> • <br />