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2.o Rambler Redesi n status 2.1 The Rambler Redesign Program is a demonstration technique to help homeowners put professional design, valuer and utility back into the ityrs 1950's and 1960's housing stock. The goals of the Rambler Redesign program are to assist families who would like to remain in Roseville create are adaptable home for their family and a more marketable home for the next owner. Homes display some of the following redesigned features and upgraded functionality: larger kitchens and eating areas, adding bedrooms and nearest design elements like great rooms or computer rooms, as well as double garages and new front entries with more street appeal. 2.2 In 1997, with initial funding from the Roseville Housing Fund and promotional rant from Metropolitan Livable Communities Demonstration Program, there were 80 applicants with three chosen homeowners identified. The program provided grants for 100% of the design fees. There were three grants totaling $14,000 provided to the homeowners. 2.3 In 1998, with funding from the Roseville Housing Fund, there were 18 applicants. The p rogram provided 12 of the design costs up to a maximum of$9,000 per applicant from the Roseville Housing Fund. To date no grant dollars have been distributed for 1998. 2.4 Currently, none of the homeowners chosen 'in 1 997 or potential candidates for 1998 have committed to the program. Possible reasons are the over inflated construction prices and shortage of skilled contractors available due to the extensive storm damage this year. 2.5 Modifications to the program will be presented to Council for discussion. These modifications may help in closing the gap to enable the completion of improvements and provides a design booklet that can be shared by other homeowners to reduce the expense of design fees. 3.0 Housing Loan status: 3.1 There are approximately five loan programs that the city either sponsors or funds. The attached chart summarizes the loan programs. In addition, the City markets "This old Horne" which is a county tax abatement program for homes 5 years or older. 3.2 A new loan program is proposed called "Contemporary Living Loan" which helps to address the difficulty in making costly remodeling projects feasible in a builders market. The details of this program are attached and wili be presented in detail at the work session discussion. 9 RCD—RH I P Update 0811 7/98 - Page 2 of 5