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HRA Meeting Minutes – Tuesday, April 15, 2014 Page 6 1 2 At the request of Member Masche, Chair Maschka clarified that this would not serve as a 3 subsidy to the Dale Street Project; and while it could provide for the sale of more of those 4 units, it was not directly linked to that Project itself. 5 6 At the request of Member Masche, Ms. Kelsey confirmed that anyone could apply, with the 7 GMHC intending to have initial conversations with the senior population at large, and 8 everyone able to be eligible for the program; however, she noted that the funding was limited 9 to only $270,000, allowing for only 3 – 5 homes maximum for buy-down. Ms. Kelsey advised 10 that, given that limited pool of funding, obviously the GMHC wanted to target seniors first for 11 the Dale Street Program. 12 13 At the request of Member Elkins, Ms. Kelsey clarified that the previous problem in the HRA 14 holding a property would not apply, as the HRA was not purchasing the homes and therefore 15 would not be charged a developer fee or other closing costs. Ms. Kelsey advised that, as 16 Acting HRA Director, she would have oversight and case by case approval rights. 17 18 Member Lee spoke in support of the proposal, opining that she liked the de-concentration 19 efforts it represented. 20 21 Member Masche noted that the HRA wanted to see the Dale Street Project be a success in all 22 ways; and while they already enjoyed a number of advantages in the market place, and since 23 this could be seen as another, he wanted to ensure that the program was open and marketed to 24 the general community as well, even if funding was limited. Member Masche opined that a 25 significant amount of rehabilitation could be accomplished with that amount of available 26 funding; and further opined that it may serve to initiate a move toward rehabilitation of single- 27 family homes within the broader community. 28 29 Chair Maschka clarified that the funds would not be used for the rehabilitation itself, but 30 provide a reduced second mortgage, with the GMHC doing the rehabilitation through Ramsey 31 County; but noted that the program would open up more housing for young families in 32 addition to the Dale Street development. 33 34 Further discussion ensued about the process involved in the proposal for qualified buyers 35 eligible for pay-down funds to help them afford a home. 36 37 Ms. Kelsey confirmed, with consensus of the body, that the HRA’s direction to make this 38 program known to the general public, whether or not they have a direct interest in any of the 39 Dale Street units or not. Therefore, Ms. Kelsey advised that she would take advantage of the 40 City’s quarterly newsletter with the HRA having access to a full page which would make that 41 education available to the community. However, Ms. Kelsey reiterated her concern with the 42 limited funds available, and with a broader marketing effort, her additional concerns that 43 people will express an interest in funds that were quickly depleted, creating frustration on their 44 part. At the request of Member Elkins, Ms. Kelsey noted that Ramsey County had already 45 questioned if the program was available for the entire Ramsey County or just Roseville; and 46 that staff had responded that the program would be limited to the City of Roseville only, but if 47 there were enough CDBG and or HOME funds county-wide, they could entertain similar 48 services for other homeowners, but the funding from the City of Roseville would not be 49 available for assisting them with those efforts. 50 51 Motion: Member Majerus moved, seconded by Member Elkins for HRA support for the 52 use of Roseville CDBG funds for gap financing of affordable housing opportunities for 53 families in Roseville. 54 55 Ayes: 6