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• B FORMATION <br /> . ii, <br /> ity of <br /> ElCls <br /> River <br /> MEMORANDUM <br /> TO: Housing & Redevelopment Authority <br /> FROM: Heidi Hall, Economic Development Assistant 0 <br /> DATE: May 28, 2002 <br /> SUBJECT: Articles on Housing Issues <br /> Issue <br /> As the HRA, City Council, and Planning Commission continue to consider the City's <br /> role in addressing the housing needs identified in the Elk River Housing Study <br /> • completed by the Central MN Housing Partnership, staff will continue to provide <br /> information on housing issues. <br /> Articles <br /> "Twin Cities Affordable Rates Just Got More Expensive" MN Real Estate Journal, <br /> April 15, 2002 <br /> This article explains why the Metropolitan Council suggests that a $170,000 home is <br /> considered affordable for people with low to moderate incomes. <br /> "Affordable Housing Gets $28 Million Boost" St. Paul Pioneer Press, April 25, 2002 <br /> The McKnight Foundation awarded the Family Housing Fund with a $28 million <br /> grant to increase the metro area's affordable housing stock. This article explains how <br /> the grant will be used. <br /> • <br />