HomeMy WebLinkAbout3B, Homeownership and Foreclosure Prevention Meetings - lZEN�HILLS
Request for Council Action 3B
Prepared By: Jill Hutmacher, Community
Council Meeting Date: March 12,2012
Development Director
Homeownership and Foreclosure Prevention Meetings
Budgeted Amount: Actual Amount: Funding Source:
N/A N/A N/A
Recommendation:
Informational only. No action required.
SupportinE Documents:
1. Memorandum dated March 12, 2012, from Jill Hutmacher, Community Development Director.
2. Attachment A — Rondo Community Land Trust Homeownership Assistance and Foreclosure
Prevention Brochures.
lt
,- RZEN�HILLS
MEMORANDUM
DATE: March 12, 2012
TO: Honorable Mayor and Councilmembers
FROM: Jill Hutmacher, Community Development Director J
SUBJECT: Homeownership and Foreclosure Prevention Meetings
The Rondo Community Land Trust(CLC) is holding a homebuyer informational session on
March 15, 2012, 5 to 8 p.m. at the Shoreview City Hall. RCLC is a non-profit organization that
helps people with low to moderate incomes buy homes. RCLC can provide up to $50,000
towards the purchase price and necessary renovation.
RCLC is also holding foreclosure prevention meetings at the Shoreview City Hall on March 22
and April 12, 2012. The foreclosure prevention meetings are one-on-one meetings and are only
by appointment.
For more information, please call RCLC at 651-221-9884. Information is also posted on the
City's website at www.ci.arden-hills.mn.us.
City of Arden Hills
City Council Meeting March 12, 2012
Page 1 of 1
Attachment
Rondo Community Land Trust
Homeownership Assistance and
Foreclosure Prevention Brochures
March 7, 2012, Economic Development Commission Meeting
T -
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Shoreview Rondo Community Land Trust
Foreclosure Prevention Meetings
Are you or anyone you know about to lose their home to Foreclosure? Representatives
from the Rondo Community Land Trust will be available at Shoreview City Hall on the
following days to have one on one meetings with residents of Ramsey County who may
be facing foreclosure. Please make your appointment by calling Greg or Jamie at the
Rondo Community Land Trust, 651-221-9884•
Where: Grass Lake Room Lower Level Shoreview City Hall, 4600 N.Victoria Street
When: s:oo to 8•oo pm on the following dates: February 9th February 2`Ird, March Stn,
March 22nd, and April 12th
About the program:
The City of Shoreview has formed a partnership with the Rondo Community
Land Trust (CLT) to assist families facing foreclosure. During difficult economic
times, when people face challenges like unemployment or medical crises, nonprofits like
Rondo CLT can help individuals directly, which helps stabilize and build healthy
communities.
Rondo CLT's Foreclosure Prevention Project is for people who want to stay in their
homes and are willing to give up some of the future appreciation in the value of the
house in order to do so. Rondo CLT's Foreclosure Prevention Project may be able to help
negotiate with the lenders so that households that are at risk of losing their home can
afford to make their payments. In addition, Rondo CLT is able to provide limited grant
funds to make the mortgage more affordable and to address deferred maintenance
issues (i.e. roofs, plumbing, upgrading electrical systems and insulating walls and
attics).
For further information about this program please visit the Rondo website
at www.rondoclt.or2 or contact Greg Finzell at greg(&rondoclt.org or Jamie
Jones at iamie(&rondoclt.org.You can also call them at 651-221-9884•
A MEMBER Of
ift
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SHARE
Rondo Community Land Trust EQUAL MOUSING
OPPORTUNITY M I N N E S O T A
Dreaming of owning your own home, but aren't sure who to trust?
Well, trust is our middle name.
Join us at the Shoreview
Homebuyer City Hall, Council Chambers
Informational on March 15th to learn
Session
more about how you can be
a homeowner with Rondo
C LT.
City Hall, Council Chambers
4.00 5 - 8pm
Shoreview, MN 55126
Rondo Community Land Trust (RCLT) is
a non-profit organization that helps
people with low-to-moderate incomes
buy great homes at great prices
For additional information on
RCLT can provide up to $50,000 to this program please call Rondo
write down the purchase price and to
rehabilitate the home you choose CLT at: 651 -221 -9884
Learn more at the upcoming
informational session being held at the
Shoreview City Hall - Council Chambers,
4600 N Victoria St, Shoreview MN 55126
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