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0 , GRE .TE M NNE OTA HOUS N FUND'S <br /> • GROWTH CORRIDOR INITIATIVE <br /> Introduction <br /> While high population growth and rapid funding to foster large scale,integrative model <br /> development offers tremendous economic projects in greater Minnesota's growth corridors. <br /> opportunities for municipalities in the growth In its pilot year(2005-2006),Growth Corridor <br /> corridors of Minnesota,acute challenges remain Initiative funding will be offered to two <br /> for preserving the quality of life for both long- municipalities in Chisago,Isanti and Sherburne <br /> time residents and newcomers. Ensuring that and Wright Counties. Special consideration will <br /> the rich natural resources,small-town charm, be given to cities and counties that have planned <br /> local employment and affordable housing cooperatively with surrounding townships and <br /> opportunities do not disappear under neighboring communities <br /> metropolitan sprawl is critical to the long-term <br /> vitality of high-growth communities. Program Goals <br /> GMI IF is launching the Growth Corridor <br /> Greater Minnesota Housing Fund's primary Initiative at a critical moment in time for high- <br /> focus is the creation of affordable housing. growth communities on the edge of the seven <br /> However,the Growth Corridor Initiative is county metropolitan area. While development <br /> intended to go beyond planning for a single pressures have been steadily increasing, <br /> residential subdivision. Broad and flexible communities have not yet lost the opportunity <br /> support will help communities comprehensively to conduct careful,community-driven decision <br /> plan for the range of opportunities and making that will focus on results and the <br /> challenges before them implementation of projects that will set the stage <br /> • for future growth. <br /> Program Information <br /> Greater Minnesota Housing Fund's new Growth Through partnership with interested <br /> Corridor Initiative will provide funding support communities,and serving as the catalyst for <br /> for area-wide integrated planning efforts, other philanthropic and local investment,the <br /> capacity-building for planning and goals of GMHF's Growth Corridor Initiative <br /> implementation staff and capital program are: <br /> Support effective,area-wide master planning that <br /> addresses needs in growing communities for <br /> Planning affordable housing,economic development, <br /> g transportation infrastructure,community facilities, <br /> open space and recreation and preservation of natural <br /> systems. <br /> Encourage development of a variety of life-cycle <br /> Housing housing to meet the needs of growing communities <br /> and reduce distances which workers must travel to <br /> reach employment. <br /> Promote efficient land use patterns that support the <br /> Land Use growth of economically,environmentally, and socially <br /> livable cites and towns. <br /> Community Increase meaningful citizen participation throughout <br /> Partici ation & Local the community planning process to facilitate greater <br /> P public education and awareness of local development <br /> Control issues. <br /> GREATER MINNESOTA HOUSING FUND <br /> 1 <br />