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47 properties through adoration, inspections, permits, and rehabilitation loan programs. • Explore the merits and funding of a rental 1.icensi designed to assure that approximately 4,584 multi family rental units meet life and safety standards and current City codes. Currently, only the common areas are inspected for fire safety issues and the Section S units (approximately 200) are inspected as part of a Metro HRA agreement with the City. Building officials estimate that many of the existing units are older with deferred maintenance and would not meet }if e /safety and city code standards. • Develop an Agar ent I Pro rQm that provides innovative funding program to rentsl property owners to make necessary improvements to aging complexes. Reserve the Local Development Corporation and other CDBG based funds for the support of the program. Identified as a high priority by the HRA. • Support and market the use of the State Rental Rehabilitation Loan Pry which provides low interest, 15 -year loan for a maximum of $10,000 per unit or $300,000 per structure funded by Minnesota Housing Finance Agency and administered by the North Metro HousingResource Center. Evaluate the establishment of Housing Improvement Districts to address ownership multi family improvements - (Town dome and Condo) • Work with the townhomes and condominiums in Roseville that were built in the 1970`s and are aging. These units are one of the most affordable housing types in the community. The initial findings of the multi - family study indicate that those units intrude a majority of people over the age of 55. Many of these townhome /condo associations have not set aside adequate home owners association dues to cover the escalating construction costs over the years. Therefore, the funning of large association improvements are either delayed or increases the monthly payment to a level that many seniors can not afford. Housing Plan — 2004 Page 14 Roseville HRA