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G EATS M NE + T .HOUSING FUN ' <br /> GROWTH CORRIDOR OIt INITIATIVE <br /> Program Criteria <br /> GMHF will require GO pilot program applicants to meet the following <br /> criteria: <br /> • Rapidly Growing Community. The selected community will be experiencing rapid <br /> growth and will be projected to continue to develop rapidly.Positive consideration will <br /> be given to candidate communities where the proposed development could serve to <br /> avoid the expansion of large-lot,private well and septic development patterns,and <br /> where the project could serve as a positive model to influence future development <br /> choices and opportunities in the area. <br /> • Willingness to Adopt a Ten-year Housing Action Plan. The community will prepare <br /> and adopt a Ten-year Housing Action Plan.The Housing Action Plan should first assess <br /> the existing inventory and current housing stock in the community to include <br /> information on the existing housing conditions,current stakeholders, and existing <br /> financing options for affordable housing,current land capacity and others.In addition, <br /> local development policies,funding resources and the role of key stakeholders and <br /> model project specifics will be identified. <br /> 411 • Commitment to Sustainable Development Principles. The community must be <br /> committed to utilizing GMI-IF resources to maximize its opportunities to achieve <br /> sustainable development principles such as <br /> o Compact development patterns;including affordable and life-cycle housing <br /> choices;transportation options,including transit,pedestrian and bicycle ways; <br /> and green space and enhanced aesthetics. <br /> o Conservation and enhancement of natural resource systems including <br /> agricultural land,forests,water resources,open spaces and recreational areas, <br /> scenic resources, and other significant resources. <br /> o Efficient and cost-effective public infrastructure and community facilities, <br /> including the consideration of environmental and social costs. <br /> • Use of Community Based Planning Process. The community must conduct a <br /> planning process consisting of the following characteristics: <br /> o Broad-based community participation,including a variety of means for <br /> citizens and interested parties to provide input throughout the process. <br /> o Timely and meaningful involvement of representatives of surrounding <br /> jurisdictions, school districts,key governmental agencies and other stakeholders, <br /> and efforts to cooperate on issues of mutual importance. <br /> o Strong and sustained communication with all of the participants,by multiple <br /> means,throughout the process,as well as a commitment to public education <br /> regarding the issues surrounding growth management and decision making. <br /> GREATER MINNESOTA HOUSING FUND <br /> 2 <br />