Laserfiche WebLink
6c. Attachment J <br />CITY OF ROSEVILLE <br />HOUSING IMPROVEMENT AREA POLICY <br />1.PURPOSE <br />1.01The purpose of this policy is to establish the City's position relating to the use of <br />Housing Improvement Area (HIA) financing for private housing improvements. <br />This policy shall be used as a guide in processing and reviewing applications <br />requesting HIA financing. <br />The City shall have the option of amending or waiving sections of this policy <br />1.02 <br />when determined necessary or appropriate. <br />2.AUTHORITY <br />2.01The City of Roseville has the authority to establish HIAs under Minnesota <br />Statutes, Sections 429A.11 to 428.21.Such authority expires June 30, 2013, <br />subject to extension by future legislation. <br />2.02Within a HIA, the City has the authority to: <br />A.Define and assist in the financing of housing improvements for owner- <br />occupied housing in the City. <br />B.Levy housing improvement fees. <br />C.Issue bonds or advance funds through an internal loan to pay for housing <br />improvements <br />2.03The City Council has the authority to review each HIA petition, which includes <br />scope of improvements, association’s finances, long term financial plan, and <br />membership support. <br />3.ELIGIBLE USES OF HIA FINANCING <br />3.01As a matter of adopted policy, the City of Roseville will consider using HIA <br />financing to assist private property owners only in those circumstances in which <br />the proposed private projects address one or more of the following goals: <br />A.To promote neighborhood stabilization and revitalization by the removal of <br />blight and/or the upgrading of the existing housing stock in a neighborhood. <br />B.To correct housing or building code violations as identified by the City <br />Building Official. <br />C.To maintain or obtain FHA mortgage eligibility for a particular condominium <br />or townhome association or single family home within the designated HIA. <br /> <br />