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<br />. First Time Homebuyer Programs: <br /> <br />. City of Roseville Pro~am - Provide free home ownership education <br />that will include information regarding the buying process, financial <br />assistance available and linkages with for sale homes affordable to the <br />first time homebuyer. This program will specifically target Roseville <br />renters who have an interest in owning a home. The City will contract <br />with a housing service provider to conduct the training and targeted <br />renter program. <br /> <br />. County Program - Provides down payment assistance for low-moderate <br />income households purchasing their first home in Ramsey County. <br /> <br />. State Pro~am - Provides low interest financing to low-moderate <br />income households to purchase their first home. The home must have a <br />purchase price below $118,000 in the metropolitan area. <br /> <br />. Ramsey County Rehab Resource Line - A telephone hotline that seeks to <br />provide a "one-stop-shop" information service for homeowners interested in <br />housing rehabilitation. The Resource Line at 612-886-2809 has information on <br />over 30 rehabilitation loan programs available to Ramsey County residents at a <br />variety of income levels. <br /> <br />Section 6. Roseville Housing Fund <br /> <br />The City of Roseville adopts a budget for the Housing Fund annually. Dollars for this <br />fund come from grants, community development revenues, service fees and the one <br />percent industrial development and housing revenue bond fees. In addition, any <br />interest earnings generated go directly back into the fund as well as proceeds from the <br />sale of the Planbook. Tax increment financing and abatements may be used on a <br />project specific basis. Every effort is made to replenish the fund through revolving loans <br />within the program. <br /> <br />In 2000, the Housing Fund includes a budget of $ 740,500 and is distributed to the <br />following categories of activities as outlined in the Housing Plan. <br /> <br />Housing Rehab Loan Programs - $100,000 <br />Technical Assistance Program - $37,000 <br />Housing Replacement Program - $255,000 <br />Home & Garden Fair - $6,000 <br />Rental Rehab Program - $60,000 <br />Rambler Redesign - $18,000 <br />Design Book - $5,000 <br />Borders & Buffer Program - $50,000 <br />First Time Homebuyer Program - $5,000 <br />Senior Housing - $200,000 <br /> <br />Q:\Housing\Housing Policy l10899.doc <br /> <br />Roseville Housing Improvement Plan <br /> <br />Page 6 <br /> <br />11103/99 <br />