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G. Release of Funds—The City of Roseville would request immediate <br /> release of all funds awarded under the MCPP. <br /> H. Amount of Funds ftuested—The City of Roseville is requesting the <br /> maximum funds allowable under the MCPP. <br /> I. Minimum Allocation Request- The City of Roseville is not <br /> requesting a minimum allocation. <br /> J. Mortgage Revenue Bonds Unused- The City of Roseville does not <br /> have mortgage revenue bonds. <br /> K. Marketing lion—The City of Roseville will market the program <br /> through direct mail,press releases and newsletters but would also like <br /> to be included in NffWA's marketing efforts. <br /> L. Self—Issuing Cities -NIA <br /> .......... ............. <br /> According to the 1990 Census, Roseville has median family income of$47,077 <br /> which refers to the income from related individuals living in a household. There <br /> are approidmately 8,400 single family housing units in the City of Roseville, <br /> which makes up 60 percent of the total housing units. As a first ring suburb, <br /> the majority of single family homes, over 57 percent, were constructed in the <br /> 50's and 60'. These are the homes that would be ideal for first time <br /> homebuyers. In 1995, 61 single family homes in Roseville sold for under <br /> $95,000 out of a total of 246 sales. Because of the demand for affordable single <br /> family housing in Roseville,the City is interested in providing programs for the <br /> first time home buyer with families. Roseville has a high rate of longevity in <br /> homeownership with an aging population. To encourage the continued diverse <br /> population base in the community the MCPP will allow young families to <br /> obtain a mortgage at a lower interest rate and also to take advantage of the <br /> Homeownership Assistance Fund which provides down payment and closing <br /> cost assistance. <br /> 4 <br />