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Related Housing Issues <br /> February 25,2002 <br /> Page 2 of 2 <br /> • <br /> utilizing a Tax Increment Finance Housing District,which targets the new housing product <br /> for qualified household incomes. <br /> Lastly, attached is a fact sheet about the Small Cities Development Program that is <br /> administered through the MN Department of Trade &Economic Development. The <br /> program provides federal grants to local units of government on a competitive basis for a <br /> variety of community development projects. One of the most common applications is for <br /> Housing Grants,which most often includes the rehabilitation of a targeted area of local <br /> housing stock. Potential areas that could be considered for such a project might be within <br /> the older downtown area south of Hwy 10 and west of Lowell Avenue, or north of the <br /> railroad. <br />