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building code interpretation and zoning enforcement rests with <br /> the building officials and the building and zoning administrator. <br /> Applications for mortgage funds will be reviewed by the four <br /> participating lenders in the Elk River program. <br /> IV. PROGRAM SPECIFICS <br /> (a) The 1997 MCPP is consistent with the city's Comprehensive <br /> Land Use Plan because it helps encourage a wide range of <br /> housing options in Elk River. This includes the preservation of <br /> existing single family homes plus the construction of new ones. <br /> (b) Borrower limit for the Twin Cities Metropolitan Statistical Area <br /> (MSA) is $43,650. This income limit is extended to the eleven- <br /> county metro area - including Sherburne County, where Elk <br /> River is located. <br /> (c) The proposed maximum purchase price limits for the 1997 <br /> MCPP is $95,000 (new construction and existing home <br /> purchases). <br /> 11110 (d) No targeting of specific population groups is planned in Elk <br /> River for the 1997 MCPP. <br /> (e) No targeting of housing stock is planned in Elk River for the <br /> 1997 MCPP. <br /> (f) No optional program enhancements are planned. <br /> (g) MCPP funds will be made available to eligible applicants based <br /> on a timetable that is consistent with the release of funds <br /> through the Minnesota Housing Finance Agency. <br /> (h) The Elk River HRA seeks the "maximum allowable" allocation <br /> for the 1997 MCPP. <br /> (i) Does not apply. <br /> (j) Does not apply. <br /> (k) The Elk River HRA will access MHFA market support for the <br /> 1997 MCPP. <br /> • <br />