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RHRA_ Contract with GMHC (02-20-07) - Page 1 of 2 REQUEST FOR HRA ACTION Date: 2 -20-07 Item No: 8 .a. Staff Approval: Agenda Section: CB Action Item Description: Approval of Contract fo r Housing Resource Center Services for 2007 (HF0056) 1.0 Requested Action By Motion, approve contract with the Greater Metropolitan Housing Corporation (GMHC) for Housing Resource Center (HRC) services in 2007 for $30,000. 2.0 Background 2.1 The City and the HRA have contracted with GMHC for HRC Services since 2000. The annual contract amount has been $30,000 for many years. The services of the HRC provide a one-stop-shop for Roseville residents free of charge regarding housing financial information, rehabilitation consultation and loan administration. The fee for the HRC is included within the 2007 HRA budget. 2.2 The HRC has provided valuable service to Roseville residents. Since 2000, the HRC have assisted 2,717 residential property owners which have resulted in over $4.13 million in additional private investment in Roseville homes throughout the community. Many of these loan dollars were leveraged with other bank or owner funding. As of the end of 2006, participation in the HRC continues to increase with 489 residents served with 849 different services in 2006. This is a healthy increase over 2005 with 434 residents being served with 767 different services. The technical visits remains a positive assistance to residents with 247 home visits (average of 21 visits per month) as of the end of 2006 compared to 234 in 2005. The HRA ownership loan program significantly increased in 2006 compared to 2005 with 21 loans issued in the amount of $282,492. In 2005 only 7 loans were issued in the amount of $56,478. The increase is likely the result of additional marketing and the HRA’s change in maximum loan amount for the program. The new HRA loan program launched this year with a target of families with incomes of 120% of median income or less has been only modestly used. Three loans were issued in 2006 for a total of $89,895 in loan funds. 2.3 Roseville staff estimates that the services of the HRC are equivalent to 1.5 city staff members. 2.4 President, Carolyn Olson and Program Director, Suzanne Snyder will be available at the HRA meeting to answer any questions regarding the services of the HRC and the contract for 2007.