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impact on a neighborhood and property values. Ensuring that the <br />multifamily properties are renovated and continue to change and meet the <br />market demands, the property value is preserved and the City's tax base <br />and neighborhood vitality remains healthy. <br />c. ownership Rehab Program - <br />i. Continue Housing Resource Center Program at an annual fee between <br />$35,000-$40,000. <br />ii. Continue design grants ($18,000) and participate with other commissions <br />in developing design standards for new home infill lots and large <br />renovations that affect neighborhood character. <br />iii. Provide reserve funding for emergency rehab associated with code <br />violations and provide additional loan funds for a total of $160,000. The <br />I~[RA will evaluate possible revisions to the loan program that is <br />specifically related to the interest rate and targeting people with lower <br />incomes. <br />d. First 'l'ime Homebuyer Program <br />i. lnclude funding for marketing of SHRP homes to Roseville residents and <br />evaluate the use of the program in the future. In addition, study other ways <br />to attract families and young buyers to the City through education and <br />target marketing of the benefits of living in the community. <br />e. I~teighborhood Enhancement Program <br />i. With Citizen Advisory Group process complete, several recommendations <br />related to a rental registration program will have a budget impact. Funding <br />will be reserved to pay for costs associated with program implementation <br />per the City Council direction such as program materials, database <br />implementation and administrative functions. <br />ii. In addition, the HRA will consider facilitating another set of neighborhood <br />meetings which will help with the update to the housing plan as part of the <br />Comprehensive Plan and provide additional direction regarding the <br />housing needs of the city. <br />f. Marketing Studies <br />i. HRA will update the MF housing study and housing demographic <br />numbers as well as creating a more complete marketing program to <br />address housing issues in the City. This will include additional meetings <br />and focus group sessions with funding partners such as real estate agents, <br />bankers, schools, etc. In addition, continue the distribution of the Housing <br />Link as part of the City Newsletter. <br />g. General A dministrative Expenditures <br />i. Supports the cost of an HRA Executive Director and/or Housing <br />Coordinator, part time administrative staff, general legal fees (usually <br />minor) and fiscal fees. <br />HRA Budget Adoptions_2008 -Page 3 of 4 <br />