Laserfiche WebLink
HRA — Housing <br />City Council Special Study Session — 2119105, 9: A.M. <br />A) Issues to work on in 2005 <br />1. S�` Ownership Pro ra�ms: <br />a. Support Housing Resource Center <br />• Whv: ProvenSuccess <br />1. 2004 — 400 residents served with 800 different services provided <br />2. Assists building inspection & code enforcement staff <br />b. Provide Low Interest Loans <br />• Whv: ProvenSuccess <br />1. Total — 93 loans in the amount of $794,584, generating $1.4 mill. in renovation <br />2. Leverage other program funds <br />c. Continue Home & Garden Fair <br />� Whv: ProvenSuccess <br />I. Reaches 800-1000 residents annually <br />2. Increase level of interest each year <br />3. Break even program <br />2. Increase Family Housing: <br />a. Support Senior Housing Regeneration Program <br />• ��� h k� : Guaran�eed Lir�kage <br />1. 13 homes purchase, renovated, resold to first time buyer young familie� <br />2. Increases neighborhood balance <br />• How: <br />�. Require participation and marketing through senior housing PUD agreements <br />2. Provide gap funding to GMHC for implementation <br />b. Build New Small Lot Single Family Housing <br />• Whv: Proven Success (Applewood Court — Open House, March 10�") <br />1. Guaranteed first time homebuyer family <br />2. Target public service employees (police, fire, teachers) <br />Importance: <br />1. Stability of School District <br />2. Balance of Neighborhoods <br />3. Affordability control <br />E f�ti��: <br />I. 311 County Road B opportunity or other sites <br />2. Grant Anpiica�ion's —1V�IFA, Met Council, Ramsey County <br />3. Fill Gap — soft second mortgages, repaid upon resale <br />4. [��, i�t�r - Banks and non-profit builders vvhich can provide low interest <br />mortgages and keep building costs below market <br />