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REQUEST FOR CITY COUNCIL ACTION DATE: 219/98 ITEM No: F-4 e artrnent Approval: Manager Approval: Agenda Section: Reports/Recommendations Itefn Description: Roseville Housing Improvement Program Housing Replacement Program 1,0 Re nested Action City staff is requesting the approval of the Housing Replacement Program Purchase and Redevelopment Guidelines and Checklist as part of the Housing Replacement Program under the Housing Improvement Program. 2.0 Bads round 2.1 Using the Roseville Housing Fund as the primary source of initial funding, in 1996 the City, acting within its HRA authority, established a housing replacement program. This program was established to help the City to annually enter into volunt purchase agreements of outdated or non-code compliant structures that could not be economically rehabilitated or sold on the open market. The City established a target by reviewing the County Assessor's records of the Zoo lowest valued residential structures (under approximately 60,000) identified as "poor quality" in the assessor's property records. 2.2 Once urchased b the City, the structure is razed, the lot is cleared. Requests for p ]I will be collected by City staff for the sale and building of a new home on proposals the lot. The recommended proposal will be brought to the Council for approval for the sale I of the lot to a hom eb u i Ider or an individual who is teaming with a homebuilder. The City decide to sell the site and have the builder raze the � y ma structure as part of the builder's costa 2.3 Initial fundin g program for the ram is coming from the City Housing Fund. The City may � be repaid under the program i I� n a number of methods. 1) property the value and taxes of the new house will nearly double, 2) the neighborhood property values benefit from a more stable, compatible, new structure in the neighborhood, FICA—H R P 02/09/98- Page 1 of 3