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Attachment A <br />27 at least 35% of the overall HRA operating budget of $824,595, which is approximately $288,608. <br />28 Adding $105,264 to the reserve would bring the reserve balance to $270,374.30. <br />29 <br />In 2015, the following programs will continue to operate but will receive no additional funds: <br />Roseville Loan Program (consolidated home improvement loan program) $0 <br />Abatement Assistance (payment of abatement costs for code enforcement <br />$0 <br />activities). <br />30 <br />In 2015, the following programs will be continued or expanded: <br />Living Smarter Home and Garden Fair <br />$21,000 <br />Budget reflects costs to continue the same marketing approaches that were put in <br />place in 2009. The cost of the fair is offset by exhibitor and sponsorship revenue. <br /> <br />Housing Replacement Program <br />Brings new investment and improvements to the City’s neighborhoods by <br />$200,000 <br />acquiring older homes and selling the land to a qualified builder, developer, or <br />homeowner to construct a new home. Funds started being budgeted in 2013. <br /> <br />Multi-Family Programs <br />Offers rehabilitation loans to existing rental property owners (whose properties <br />have 4 or more units) and also makes dollars available for energy improvements. <br />$255,000 <br />This program is also used for site assemblage for redevelopment of higher <br />density housing. 2015 will be the first year for implementation of the quarterly <br />meetings of multi-family property owners. <br />Ownership Rehabilitation Programs <br />Provides residents with free, comprehensive consultation services about the <br />construction/renovation process to maintain, improve, and/or enhance their <br />$26,850 <br />existing home, with a specific focus on energy efficiency. The program also <br />recognizes homeowners that have done green construction or improvements to <br />their homes and yards. This program budgets for 200 energy efficiency audits to <br />be completed each year. <br />First Time Buyer Program <br />Educational workshops have been requested in the community to target first-time <br />$1,000 <br />home buyers. The HRA is budgeting for costs that may be associated with the <br />offering of those workshops. <br /> (NEP) <br />Neighborhood Enhancement Program <br />No funds were budgeted for NEP in 2014 because the person who did the <br />$37,405 <br />inspections was implementing the Rental Licensing Program. This funding pays <br />for a .5 FTE and the printing and mailing of program materials. <br /> <br />Research Studies & Implementation <br />The RHRA assists the City in researching issues that are identified by the <br />$10,000 <br /> <br />Council as concerns. In 2014 three projects were identified at the July 7, 2014, <br /> <br />(Rental Reg.) <br />joint HRA/Council meeting: 1) Review of the current rental registration <br />$20,000 <br /> <br />program, which will occur in 2015; 2) The need for research into the demand on <br />(Implement 2014 <br /> <br />Studies) <br />police services by the hotels/motels as well as the cause of disinvestment in <br /> <br />some of the hotel/motel properties; and 3) The need for research in to how best <br /> 2015 RHRA Budget Discussion - Page 2 of 3 <br />