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Imagine Roseville 2025 <br />Medium & Long Term Goals <br />March 2009 Update <br />Medium Term Goals <br />Date: 3/09/09 <br />Item: 7.d <br />IR 2025 Update <br />Encourage businesses with family- ❑ Began the design work for the Twin Lakes public infrastructure <br />sustaining jobs to better position the project to take advantage of development <br />opportunities when they arise. PT 3io9 <br />❑ This past spring, the City created the Twin Lakes Public Financial <br />Participation Framework that created a high priority in granting TIF <br />funds within Twin Lakes to projects that create family-sustaining <br />]O�JS. PT7/OS <br />More actively support existing ❑ No new activity to report at this time. PT 3io9 <br />businesses ❑ Given the budget dollars, funding is not possible for 2009. PT loros <br />❑ Staff has brought forward to the Council about participating in the <br />Twin Cities Capital Communiry Fund, which will lend money to <br />Increase funding for and more actively <br />promote housing redesign program <br />businesses in participating communities. Decision pending. PT �ios <br />❑ The RHRA has discontinued the redesign program due to a lack <br />of interest. However, the RHRA has instituted a new multi-family <br />loan program to assist property owners to make exterior <br />improvements and incorporate energy efficient improvements in <br />their buildings. PT 3io9 <br />❑ Given the limited participation, the RHRA is proposing to no longer <br />fund the program and utilize funding for existing loan programs and <br />marketing of RHRA services to reach more residents. The RHRA is <br />preparing to create a multi-family rehab program to allow for <br />reinvestment in aging properties. PTloios <br />❑ In the past six months, the Roseville HRA has reviewed the existing <br />redesign program and has changed some of the program guidelines to <br />make it available to more people. Improvements to program ongoing. <br />PT 7/OS <br />Provide loans and other assistance to ❑ The RHRA has created a new multi-family loan program to foster <br />help people maintain property reinvestment into the community's multi-family housing stock. In <br />addition, the City has improved its code enforcement policies and <br />procedures to better inform residents and property owners. PT 3io9 <br />❑ In 2008, the Roseville HRA consolidated its loan program into one <br />program for easier convenience. The RHRA also continues to <br />contract with the Housing Resource Center which provides Roseville <br />residents technical assistance and advice regarding making <br />improvements to their property. PT loios <br />❑ In the past six months, the Roseville HRA has reviewed its existing <br />loan programs and has consolidated two loan programs into one and <br />have made the funds more available for residents to make exterior and <br />interior improvements. The Roseville HRA also added another <br />$133,000 to the loan pool. The Roseville HRA continues to contract <br />with the Housing Resource Center which provides Roseville residents <br />technical assistance and advice regarding making improvements to <br />their property. PT �ios <br />Seek collaborative partners and ❑ Engaged the City of Lake Elmo to provide Accounting Services <br />alternative funding mechanisms generating surplus monies. cn�r 3ro9 <br />