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<br />. <br /> <br />. <br /> <br />. <br /> <br />MSA I.P. <br />Page 3 <br /> <br />n. Effective March 15,1993, FHA mortgage limits are $87,100 <br />in SCMSA and $110,200 in the TCMSA. This reflects an increase over. <br />1992 levels of $2,600 in the TCMSA but no increase for Benton and <br />stearns counties. <br /> <br />o. Realiqnment impacts the low income tax credit rental <br />housing program administered by the Department of Treasury. <br />Maximum rents are based on 60% of median income with no more than <br />30% of income expended for rent. Using this formula, projects in <br />the SCMSA would qualify with rents up to $591. Rents could be as <br />high as $744 per month in Sherburne county, a difference of $153 <br />per month. For this reason alone, developers may prefer to build <br />in Sl.u:arbu:t:.le rattler than Benton and stearns counties.. This creates <br />inequities in the city of st. Cloud and provides tax benefits for <br />developers and SYndicates who won't necessarily be serving low <br />income groups, given the new rent limits for Sherburne county. <br /> <br />p. SCMA transportation funding does not appear affected <br />according to MnDOT sources. For now, APO planning and its MPO <br />status is also not affected. <br /> <br />q. While realignment has no obvious impact on commercial <br />retailers like Herbergers who uses Retail Trade Zones (RTZ) to <br />define its markets, it has a significant impact on Dayton Hudson <br />type corporations. Dayton Hudson, an excellent example of a highly <br />sophisticated national company, uses MSAs to define market areas, <br />determine populations, track market shares and determine when an <br />area has the capability or demand to take another retail business, <br />and what kind. They recognize the flaws in MSAs, but they believe <br />the Department of Commerce's (DOC) Economic Censuses are the best <br />available source of retail information and this census data is <br />presented by MSAs. <br /> <br />r. While some of the local radio stations rely on national <br />advertising dollars for up to 25% of their revenue, it is difficult <br />for them to determine the impact, if any, of a 214 versus 187 <br />ranking. If they determine this realignment has a significantly <br />negative advertising impact, they can petition Arbitron proposing <br />a non-MSA rating analysis area. <br /> <br />s. Local outdoor advertising industry indicates that national <br />and regional advertising agencies statistically determine the <br />amount of coverage needed based on MSA population and traffic <br />count. with a 22% reduction in population, the industry <br />representatives see a reduction in their national and regional <br />accounts. <br /> <br />t. DOL Bureau of Labor Statistics prevailing wage rate <br />surveys are conducted by MSAs for both Davis-Bacon construction and <br />McNamara-O'Hara service contracts. Sherburne country will be <br />included in the next Twin cities surveys and thereafter wage rates <br />