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rust be valued at $150,000 or less. Most homes in Roseville are less than 70 years of <br /> e and therefore are limited to a maximum exemption of 0% of the new value or <br /> $25,000 whichever is less. A building permit from the City of Roseville is necessary <br /> before applying for the exemption. For the exemption, contact the Ramsey County <br /> Assessor's Office (266-2103) for details. <br /> 2.0 MultinFamily Housince <br /> .1 Rental Rehabilitationlimprovement Loans. The City participates in the <br /> Ramse y County ommunity and Economic Development Department - Suburban <br /> ty <br /> Rental Rehabilitation and Improvement Loan Program. This program provides rental <br /> property owners a loan with flexible interest fates as low as 4% and repayment <br /> schedules flexible to meet cash flow projections. Leans are typically less than $50,000. <br /> The ur ose of the program is to provide loans for building fix-up projects such as <br /> p p <br /> structural and mechanical improvements, energy efficiency, correction of code <br /> de � <br /> deficiencies, roofing, furnaces, electrical and plumbing repair and improvements for <br /> disable d persons. At least 51% of the tenants must have an income below 80% of the <br /> fiwrri Cities Median Income. After rehabilitation the units must be affordable, that is, the <br /> rent cannot exceed the Fair Market Rent for existing housing as established by HUD for <br /> Section 8 Housing Programs. The property must comply with all federal program <br /> u i rements- Priori is given to rental properties that provide housing to lour income <br /> red � <br /> households and there is a first come-first serve waiting list. Funds are limited. Call the <br /> Ramsey County Community and Economic Development Suburban Rental Housing <br /> improvement Loan coordinator for details (266-6626). <br /> 2.2 Roseville Rental Housing Program. The City and local banks may <br /> P <br /> provide <br /> rental housing improvement loans. The bank may originate the loan for I <br /> with one-to-four dwelling units, consistent with MHFA guidelines. The City <br /> structures u�r � <br /> provides 0% <br /> of the loan from the City Housing Fund. The interest rate is blended with <br /> the bank rate.. 'The length of the loan is determined by the bank. Call your local <br /> Roseville bank for details. Fir tar, Norwest, North Star, Roseville Community, St. <br /> Anthony Park banks) <br /> 4 <br />