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In addition, the HRA levy is spread across all property owners including commercial and industrial properties. Land Use Total Mffltet % city HRA Value 2003 Market Levy Canfflbution Value Total - .01 - 2003 Nlu&Farni Resklential M,6021700 14. 88% $73,383 s'n Iideatial $1 f654 7%5,700 48.31 cornnerdw $5 1535,300 19 -78% $97,565 lndttstnal �,,�,�� .�� a n other $ *451 t400 0.56% $3,233 How does Roseville compare to other First ding Cl s? Many other first ring suburban communities like Roseville have an HRA. These communities have similar property values, levy at the maximum HRA amount to fund their housing programs and administration but also have higher overall city annual taxes. Roseville continues to have one of the lowest property taxes compared to other metropolitan communities of like population size. The following is a sample of first ring cities that levy for housing. city Population Annual city Maximum W � Eat. Average Tax HRA Levy Annual SF (HRA not Leery Property indudad) Amount Value 1 75,000 1f Richfield $43,128 $882 lies $3009000 $IT71500 St. Louis Park $44,126 $537 Yes $4501000 $175,000 1` rldle $27,499 $5'10 Yes $220,000 $1 75,800 Roseville $33 f690 $450 Pm posed $400*000 I $194.r256 There are several other funding options the H FAA could pursue to assist in accomplishing many of the aeon steps in the HRA Housing Plan. However, those options are usually rest fictive on their use (income limits, construction requirements, restricted use for administration, etc.) As an example the cost for the Housingl esource Center services and administration of the HRA would not be an eligible use for many of these other programs. The following is a summary of other funding options the HRA will pursue sue i n the future to supplement an HRA Levy if approved. Housing G rarrtslLoans: Grants are always an option but they are not a guarantee of funds which is why it can not be included in a budget. Grants are very competitive and usually require a match of funds. in addition, grants (such as the LDC and CDBG funds) typically are restricted for low- moderate incorne projects. The grants will not fund administ tiion-, marketing and other overhead. Grants will typically not fund professional services such as the Housi ngResource centers studies and legal fees. Also, many agencies that provide these funding options are looking for return on their investment where loans are more typical than outright grants. And although grants are a wonderful addition to fund a particular project, they are usually very staff intensive (grat is Page 3