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b.Modification of Senior Housing Regeneration Program Criteria Ms. Bennett provided some background on the Senior Housing Regeneration Program and explained that the program is a way to provide affordable housing by negotiating with seniors to purchase their homes and rehabbing and reselling those homes to first-time homebuyers that meet certain criteria. The Greater Metropolitan Housing Corporation (GMHC) administers the program and it has asked the Roseville RHRA to relax the requirement that the homes be sold to households of two or more with one member under the age of sixteen for one particular property at 960 Lovell Ave. This two-bedroom home has been on the market since July 2006. Chair Majerus noted that the RHRA is incurring costs by not selling this home in a timely manner and urged members to keep that in mind when considering this request. Member Kelsey expressed a concern about the marketing methods used by GMHC. Ms. Bennett remarked that the home had been marketed by a GMHC real estate agent with extensive experience working with first-time homebuyers. Ms. Bennett also remarked that the home had been marketed on the RHRA website and at Roseville’s Home & Garden Fair. Ms. Bennett also suggested the possibility of a direct mailing to market the home to apartment dwellers. Member Kelsey wondered if those methods will change in light of the softening real estate market. Ms. Bennett indicated that Carolyn Olson of GMHC was to have been present at this meeting and thus could have addressed those concerns; however she could not attend due to illness. Ms. Bennett suggested inviting Ms. Olson and the GMHC real estate agent to a future RHRA meeting to discuss the marketing issue further. Member Pust inquired as to the holding costs of the property ($1000.00/month). Ms. Bennett indicated that GMHC is incurring the actual holding costs as there was no cash outlay from the RHRA; however those holding costs will be passed on to the RHRA as they increase the gap which the RHRA will need to write down when the home is sold Member Kelsey provided direction to staff to invite GMHC to attend next month’s meeting to receive an update on first-time homebuyer programs and discuss marketing strategies in Roseville and the other communities they serve. Motion:Member Kelsey moved, seconded by Member Maschka, towaive specifically for the property at 960 Lovell Ave, one of the homebuyer criteria under the Senior Housing Regeneration Program, administered by the Greater Metropolitan Housing Corporation, to allow individuals or families without a child under sixteen to purchase the home. Ayes: 5 Nays: 1 Motion carried. 9.Information, Reports and Other Business a.Update on RHRA Staffing CD Director John Stark provided a brief update on the April 16 City Council meeting at which RHRA staffing options were discussed. Mr. Stark remarked that the City Council seemed supportive of the desire of the RHRA to create a part-time Housing Program Coordinator position 4