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Regular City Council Meeting Monday, September 10, 2007 Page 19 dress rental housing initiatives as recommended by the Citizen Advisory Group. 2. Maximum Levy Request of $605,220 total to provide adequate fimding to address an aging multi-family hous- ing stock in the community. Ms. Bennett noted that this maximum levy request would allow the IIRA to address larger, more complex housing issues in the City and those goals associated with the Imagine Roseville 2025 report. Ms. Bennett further noted that adequate funding for housing would allow more leverage to address larger renovation and deteriorating housing now, rather than waiting until a much larger investment was needed in the future. Discussion included a need for enhanced code enforcement; de- ferred maintenance issues at numerous multi-family housing fa- cilities in the community; need to retain and implement more affordable housing in the community, a majority of which is addressed through multi-family housing stock; retention of em- ployees in the community and preservation of market values for all Roseville housing stock; and pro-active multi-family hous- ing stock renovations. Additional discussion included strategies of surrounding inner- ring communities and HRA levies, values and benefits; aging housing stock in the community; changing community demo- graphics; and intense value and rate of return benefiting all residents in maintaining and/or renovating multi-family housing stock, including decreasing crime and increasing safety and im- pacts to community services. Further discussion included investments in multi-family hous- ing, options and proposals (i.e., Westwood Village); restrictions of funding; philosophical considerations in private versus pub- lic funding and financial analysis and funding packages; return on investment through revolving loan fund administration; lev- eraging fund strategies; and funding requirements for larger fa- cilities.