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Stake Commobf Lix Up eMrain - provides low interest (5 -b %) <br />second mortgages for home improvements up to $35,000 and $25,400 <br />depending japan income. <br />4.3 Develop an affordable workforce housing policy and programs. <br />Evaluate what is affordable /workforce housira4'°in Roseville and <br />develop a policy that can assist new and existing programs and reduce <br />park dedication fees. Review innovative development techniques such <br />as reduced lot sizes, narrower road widths and flexible construction <br />techniques to reduce the cost of new housing developments. <br />identified as a high priority for the HRA. <br />Explore the merits of establishing an inclusionorY h 04($ -44? polio <br />whereby developers are provided with increase density (smaller lot <br />sizes, narrower roads) to achieve affordable workforce housing goals, <br />Support affordable workforce housin trough the use of tax <br />increment financing, Ramsey County Home Funds, HUD - CDBG, <br />Minnesota Hauling Finance programs, Federal Home Goan Bank dollars <br />and local Development Corporation funds. <br />Work with developers to utilize tax credit programs and revenue <br />bonds to reduce the cost of financing for affordable workforce <br />loo_ us�nq. <br />4.4 Encourage young families to move into the community through the <br />support and partnership with first time buyer programs. <br />g Provide n program fiat targets multi family renters to realize the <br />American dream of awning them awn home. Particularly target -hose <br />renters where there is a concentration of young professionals, <br />children and rental rates which indicate enough income to shift to a <br />mortgage payment without major f inancial difficulties_ Identified as <br />n high priority for the HRA. <br />Develop and collaborate on a first time hornebyyer royfatn to -target <br />housing for local fire, p and teachers who wish to five in the City <br />Houszncr Plan 2004 Page 12 Roseville HRA <br />