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A number of programs provide renter assistance and below-market-rate home mortgage <br />programs. Some involve little or no administration or oversight by the city, although most <br />require a city's consent. Categories of programs and examples are: <br />► Rent assistance programs such as HUD's Section 8 certificate or voucher programs <br />administered by Metro HRA, or city or county HRAs. <br />► Homeless prevention and emergency assistance programs available through HUD and <br />MHFA. <br />► Mortgage assistance and below-market-rate home mortgage loans through MHFA and <br />HRAs through local lending institutions. <br />Housing Development Programs <br />The action plan may set forth specific new construction or housing rehabUitation efforts to <br />expand the community’s stock of affordable rental housing. <br />A limited number of tools are available to support the construction or rehabilitation of <br />low- and moderate-income housing. These programs include the following: <br />► Nev construction, or acquisition and rehabilitation programs to produce or <br />preserve affordable rental housing. Examples include HUD s HOME funds and <br />various MHFA programs. <br />► Low-income tax credit and morigage/bridge loan programs. <br />► Low-income public housing funds for the construction or acquisition of public <br />housing units available as a result of the 1995 Hollman settlement. <br />► First-time home buyer programs through MHFA and local HRAs through <br />participating local lenders. <br />Housing Maintenance, Rehabilitation and Redevelopment Programs <br />A variety of programs are available to address maintenance, rehabilitation and <br />redevelopment. The action plan may identify any or all of a number of potenual lc«^ <br />efforts including, but not limited to, the following: <br />►Adoption and enforcement of a local housing maintenance code. <br />Rental rehabilitation, mortgage assistance and federal income tax credit programs <br />aimed at preserving and improving rental housing. Available through MHFA. <br />► Home ownership rehabilitation, home improvement and energy-efficiency local <br />programs. Available through MHFA. . u <br />► Initiatives for housing rehabilitation programs, funded locally or through CDBV j <br />funds. Several local HRAs administer such programs. <br />Local Initiatives <br />Though considerably more restricted thari in the past, state and fedei^ laws permit local <br />governments to implement fiscal initiatives to generate capit^ to assist development or <br />redevelopment of low-cost housing. The action plan should include the communities