2017_0109_REDA Minutes - Laserfiche WebLink

Home

REDA Meeting Minutes — Monday, January 9, 2017 Page 6 Ayes: 5 Nays: 0 Motion carried. President Roe noted that this item would also come before the City Council for action later tonight. d. Greater Metropolitan Housing Corporation (GMHC) for Housing Resource Center (HRC) 2017 Services At the request of President Roe, Housing and Economic Development Program Manager Jeanne Kelsey briefly summarized this proposed quarterly contract versus an annual contract as detailed in staff report and Attachment A. REDA Discussion/Deliberation At the request of President Roe, Ms. Kelsey advised that staff had received no direction at this point from the GMHC Board as to extending the contract at a later date. However, Ms. Kelsey noted that, from its inception, the GMHC had never been able to stand alone without funding assistance from grants and single-family loan programs. At the request of Member Willmus, Ms. Kelsey reported that there were no loan originations in process at this point, with most applications received in the spring or summer; and of a total of 11 applicants, two had decided to not pursue their loan, and 9 had closed in 2016. Member Willmus stated he was concerned with the spike in fees and costs for the REDA with the GMHC going forward, opining that was not a pattern he'd want to consider long-term. Ms. Kelsey advised that if a smaller loan was sought (e.g. roofs) versus the maximum loan amount of $40,000, it was difficult for the GMHC to devise a percentage -based fee. President Roe offered an opportunity for public comment, with no one appearing to speak for or against. McGehee moved, Etten seconded, approval of the contract for construction and loan services with GMHC for HRC services (Attachment A) for the first quarter of 2017 as presented. President Roe and Member McGehee asked staff to research a "Plan B" option for the City of Roseville. Ayes: 5 Nays: 0 Motion carried.