Laserfiche WebLink
• VI . NEW CONSTRUCTION REQUIREMENTS <br /> Elk River continues to attract many new residents who <br /> desire to purchase newly-constructed homes . A large <br /> percentage of these buyers are entering the home <br /> ownership market for the first time. <br /> A stated goal of the City is to encourage a wide range of <br /> housing options (rental, new construction, elderly, etc. ) <br /> in the community. This includes the construction of <br /> single family homes for first-time buyers . <br /> An advantage to new construction in Elk River is that of <br /> value. Because building sites in Elk River are priced <br /> lower than in the first and second ring suburbs, buyers <br /> can obtain more amenities to homes . <br /> No exclusive "set-aside" arrangements for specific <br /> builders are planned. <br /> To preserve the City's stock of existing homes, 25% of <br /> the MCPP funds must be used for existing single family <br /> homes . <br /> William Rubin <br /> Name of Person Who Prepared this Proposal <br /> Signature <br /> Economic Development Coordinator <br /> Title <br /> (612)441-7420 <br /> Telephone <br /> • <br />