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ARDEN HILLS CITY COLINCIL WORK SESSION - JANUARY 13,2025 provided the equity components those cities implemented, as examples. He added information about the staff-time used. There was lot of back-and-forth communication with properties. There were 20-30 applicants. Only ten were approved. He is bringing this forward to discuss if Council would like to implement an equity component. Councilmember Rousseau asked about the ten that were approved. She said Roseville have 80% up to $8,000 or 50% up to $5,000. She asked what the metrics were in Arden Hills. Director of Public Works/City Engineer Swearingen said we didn't have an equity component. It was a 50Yo match, up to $5,000. Most, if not all of them met that maximum amount. Councilmember Rousseau asked if we knew the value of the houses? Director of Public Works/City Engineer Swearingen said that information was not tracked or requested. Councilmember Holden said the neighborhoods where the approvals were, were older homes in older neighborhoods. She said the equity piece doesn't add anything. Making sure the INI isn't leaking into the ground is just as important as not being able to give the money away. We had 20- 30 applications with ten being approved and still used up all the money. Barely, but we used it. There was one person hanging on. They put the application in and then they don't get you the information that is requested. It's a game that can be played by people. For us, it's best to get the INI done. If you can see on a TV screen that the pipe is broken, we want it fixed. There are a lot of people that can't afford the minimum cost of over $10,000. She doesn't think it's right that we have income tax forms. We're asking for trouble for having private personal information. Director of Public Works/City Engineer Swearingen said the consequence of having an equity component is that allows a single property to consume alarge portion of that allotment. We don't have a lot, relative to other cities. Mayor Grant asked if we could base it on house value instead of AMI. Councilmember Monson said that is what Roseville did. Mayor Grant said they say 80% AMI affordable home ownership cost. If you own your home, do they take the value times what the current mortgage would be and figure out how much you have to make? He would say base it on the median home value in Arden Hills. Anyone below gets 80o%, up to $10,000 or 60Yo, up to $8,000. Councilmember Rousseau said that sounds good initially. She would like to know if we are pushing some applicants out. She wonders if there is an area where there is a concentration where maybe 30% of average households. She thinks that would be beneficial rather than having the hard line be the median household value. Mayor Grant said people who are retired can control their income more so than someone who's working. That's the reason for him suggesting median home value. Councilmember Holden doesn't think there should be an equity component. There's only $40,000. We were able to give ten residents S5,000 each, or whatever 50olo was. Therefore, they l3