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REDA Meeting Minutes — Monday, June 21, 2016 Page 14 that staff provided information on available loan programs several times a year. Member Willmus requested more information on the four loan applications that didn't move forward; and also asked for any changing data from those other communities listed in Attachment B. Member Willmus asked if activity was more about the economy versus interest rates. Ms. Kelsey offered to gather that information on other communities for the next REDA meeting, but noted their activity was similar to that seen in Roseville. Ms. Kelsey further reported that the City of Fridley had just modified their loan program and was now seeing an uptick in applications, while it had similarly been comparable to that of Roseville's activity. Ms. Kelsey noted the City of Little Canada was prepared to follow Roseville's lead on their loan programs. Specific to the four loans not going forward, Ms. Kelsey reported that one wanted more than $40,000, one didn't qualify for loan to value on the home, and two decided against doing the improvement. Ms. Kelsey advised that this information was available to staff from the HRC on a monthly basis. Member McGehee noted that part of the value these loan programs for long- term Roseville residents was to use these funds for health-related reasons such as universal design to allow them to age in place versus increasing their overall property values, even though that may be a result as well. Member McGehee reiterated her interest in keeping those options at the forefront to provide incentives for people to improve their homes. Specific to loan to value at 115%, President Roe noted Roseville's program already allows loan to value higher than the private loan market, offering something different than the private market. President Roe noted that looking at the interest rate may also be a factor in this type of loan rather in addition to being able to borrow more money. At the request of Member McGehee, Ms. Kelsey confirmed that this loan program also works for those on fixed incomes, but noted loan programs through Ramsey County offered better options based on income-qualifications, deferred loan funds, and forgiveness of loans after ten years. At the request of Member Willmus, Ms. Kelsey clarified that any government entities get second or lower positions on loans; and noted the city had yet to have a loan default. d. Move-up Housing Discussion Ms. Kelsey reviewed move-up housing opportunities and initiatives as part of Roseville's 2016 priority plan as detailed in the staff report and Attachment A. Ms. Kelsey noted the first Wheaton Woods building permit application had