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<br /> <br />enefit to Roseville <br /> <br />III Provide long term funding source for <br />single family home improvement loans <br />III Currently 47 loans = $397,000 <br />III $150,000 per year investment by City <br />Payback over 7-10 years <br />III 4-5 years to become self sufficient <br /> <br />Development - <br /> <br />June 10, 2002 <br /> <br />lW~fenefit to Roseville <br /> <br />II Improve Code Deficient Properties <br />III Average Staff time per case 100 - 300 <br />hours <br />III Abatement Process - $5,000 - $40,000 <br />unbudgeted expense <br />III Borders & Buffers provide grants to <br />resolve land use conflicts - $5,000 - <br />$10,000 <br /> <br />June 10, 2002 <br /> <br />Rosevllle Comm. Development- <br />PF #3405 <br /> <br />penefit to Roseville <br /> <br />II Maintain quality apartment stock <br />III $36 mill improvement needed <br />II Assist townhome & condo complexes <br />make large exterior improvements <br />III $17 million improvement needed <br />II Assist single family renovation <br />III Minimum of $7 million improvement <br />needed <br /> <br />June 10, 2002 <br /> <br /> <br />11 <br /> <br /> <br />!II long term Funding Source for HRC <br />III To duplicate services of the HRC = 2.5 <br />additional staff at a cost of $150,000 <br />III Current Costs in partnership with Coalition <br />- $35,000 - $38,000 <br /> <br />June 10, 2002 <br /> <br />Roseville (amm. Development - <br />PF #3405 <br /> <br /> <br />enefit to Roseville <br /> <br />II Align housing functions with budget <br /> <br />III Current staff dedicates 1.5 persons plus <br />materials to housing programs paid by <br />permit fees <br />. Estimated to be $50,000 per year <br />III No new staff needed for an HRA <br />. pay for existing time and materials plus new <br />programming dedicated to housing fund <br /> <br />June 10, 2002 <br /> <br />Roseville (amm. Development- <br />PF #3405 <br /> <br />10 <br /> <br /> <br />rocess to Establish an HRA <br /> <br />II Pass resolution & publish notice - set <br />public hearing for consideration of <br />establishing an HRA - May 13 <br />III Hold Public Hearing - June 10 <br />II Establish HRA by resolution - June 10 <br />II Dept of Trade & Econ Development & <br />proper public notice - certificate of <br />resolution - June - July <br /> <br />June 10, 2002 <br /> <br />Roseville Comm. Development - <br />PF #3405 <br /> <br />12 <br /> <br />2 <br />