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<br />~i~~Yit~r~2;~;?~~Jj~;~~ <br /> <br />",',,'e', tt>,..~. .11,....., <br />~~1~iZtj'/~'Z~~~ <br /> <br />Program Instructions <br /> <br />GREATER MINNESOTA HOUSING FUND'S <br />GROWTH CORRIDOR INITIATIVE <br /> <br />ELIGIBILITY: In its pilot year (2005-2006), Growth Corridor Initiative funding will be available to municipalities iu <br />Chis ago, Isanti, Sherburne and Wright Counties. <br /> <br />PROGRAM FUNDING AsSISTANCE: <br /> <br /> <br />Phase I <br /> <br />Community <br />Planning <br />Assistance <br /> <br />Phase II <br /> <br />Staff/ Capacity <br />Building <br /> <br />Phase <br />III <br /> <br />GCI Model <br />Project Technical <br />Assistance <br /> <br />Phase <br />IV <br /> <br />Capital Funding <br /> <br />in-kind* <br /> <br />Up to $50,000 <br /> <br />Creation or Update of Comprehensive Plan and <br />Housing Action Plan <br /> <br />1:1 <br /> <br />Up to <br />$25,000/year <br />for two years <br /> <br />Implementation of Community Plan and Housing <br />Action Plan <br /> <br />in-kind <br /> <br />Up to $25,000 <br /> <br />Model Project Plan including secured site and local <br />financing commitments <br /> <br />10: 1 (including <br />public and <br />private funding) <br /> <br />Up to <br />$I5,000/per <br />affordable <br />unit <br /> <br />Affordable Housing Development as part of a <br />mixed income, mixed use development <br /> <br />*If the planning assistance contract exceeds $50,000, communities will be expected to provide the additional funding <br />necessary. <br /> <br />1\" 11Ii!,-:!.,."1 <br /> <br />Please see next page for application Process and forms. <br /> <br />GREATER MINNESOTA HOUSING FUND <br />I.',' :.I',i,:'11 I,,: 1',11 k.'.!<. I i-tJi '",\1 ;' ,,):', ".'-i <br />I' \( J of I () <br /> <br />) 1''- <br />