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<br />14. Rental Revolving Loans - renovation and expansion loans for owners of rental <br />property. <br /> <br />14.1 In 1998 Roseville initiated the Rental Rehabilitation Loan program to foster the <br />improvement of multi-family housing (properties with 4-25 units). The <br />program provides owners of rental properties with technical assistance in <br />accessing financing programs for renovation and energy efficient <br />improvements. The City has contracted with Affordable Suburban Housing to <br />provide the technical assistance on the program refer apartment owners to the <br />funding sources at Minnesota Housing Financing Agency and NSP. The City <br />has spent $5,475 on this program in 1998. <br /> <br />14.2 The goals of the program for 1998 are to: <br />market the programs to property owners with 4 to 25 unit building <br />provide approximately 30 properties with technical advice <br />refer approximately 15 property owners to the financing agencies for <br />rehabilitation loans or energy audits. <br />Complete loans or energy audits for at least 6 properties <br /> <br />14.3 The following is a status of the program in 1998. <br />letters were sent to 40 owners of approximately 54 properties to announce <br />the program and introduce ASH as the advisory representative for the <br />programs <br />ASH contacted 20 owners as a follow-up to the letter <br />Three property owners, representing 117 total units in 9 buildings, were <br />interested in loans and made appointments to meet with the financing <br />agency. One owner, two 11 unit buildings, has made an application for <br />funding. Improvements to be made include new roofs and boilers. <br />A second letter was sent to the property owners introducing the free energy <br />audit program with NSP. <br />Three property owners, representing 281 units, expressed an interest in the <br />program. Two have completed the energy audit and one has been <br />scheduled. <br /> <br />15. Home & Garden Fair. The Home and Garden Fair is a partnership between the City <br />of Roseville, Suburban Family Collaborative Roseville School District and Roseville <br />Businesses. The purpose is to provide present and future homeowners with a small <br />trade show where they can learn about the latest housing improvements and <br />construction techniques from industry experts such as architects, home remodel <br />contractors, landscapers and nurseries, material suppliers, bankers and housing <br />inspectors. The 1998 event was a huge success with over 1,000 attendees and 42 <br />exhibits. The goal for 1999, which will be held March 13, is 1,200 attendees and 50 <br />exhibits. The City of Roseville sets aside $5,200 from the housing fund for the Fair. <br /> <br />6 <br />