2007-03-20_Agenda - Laserfiche WebLink

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2 7. Public Hearing None 8. Action Items: a. Approval of Contract for Housing Resource Center Services for 2007 Bennett provided a summary of the request associat ed with the annual contract for services with the Greater Metropolitan Housing Corporation (GMHC) for Housing Resource Center (HRC) services in the amount of $30,000 which is the same fee at 2006. Ms. Bennett noted that the level of activity and service of the Housing Resource Center increased in 2006 and that the service provided by the HRC provides residents with resources that are not available by city staff. Carolyn Olson, President of GMHC, provided a history and background on the company and the HRC which started in Roseville in 2000. She also discussed the Senior Housing Regeneration Program and how that program was developed first specifically for Roseville and expanded throughout the County and metropolitan area. Program Manager, Suzanne Snyder, discussed the activity of the HRC in Roseville regarding the ownership loan program, the family affordable loan program and programs provided by the County and State. In addition, she noted that Roseville residents take full advantage of the services of the construction manager for technical renovation advice and support. She noted that the HRC office also provides advice on first time homebuyer programs, mo rtgage financing and foreclosure prevention assistance. Member Pust requested background regarding why the ownership loan program was not tied to a specific income limitation. Ms. Olson noted that the program was provided as a carrot to encourage all homeowners to invest in their homes and many times the small about provided by the HRA is leveraged by a much larger amount of private funds through home equity loans and conventional bank loans. Ms. Bennett noted that the program was evaluated several years ago to make sure the funds were used by those with m oderate incomes. The evaluation indicated that over 80% of the loans were issued to those with incomes at or below 120% of the AMI which is the target for the HRA. Member Pu st requested a copy of that report. Member Kelsey suggested that the evaluation be completed again since the market has changed. Member Elkins noted that she is thrilled with the partnership between the HRA and GMHC and that there is great return on the investment fo r Roseville residents in the services provided by the HRC. Motion : Member Pust moved, seconded by Member Elkins, to approve a Consulting Services Agreement with the Greater Metropolitan Housing Corporation for the Housing Resource Center for 2007 in the amount of $30,000. Ayes: 5 Nays: 0 Motion carried.